How to Save Money as a Student and Travel More

Financial Freedom: Save Money as a Student and Travel More!

Are you dreaming of financial freedom and having more pennies to travel the world? Discover my tried and tested tips for saving money as a student!

I will teach you savvy student loan strategies, how to get the best deals on Apple products, as well as how to score major discounts with big brands.

This miniature legal hack guide is perfect for students and anyone looking to make their budget stretch further!

🤓 How to Save Money on Student Loans:

1. Apply Payments Directly to the Principal Balance

Managing student loan debt can be a challenge, but understanding effective repayment strategies can save you money in the long run.

One such strategy involves applying payments directly to the principal balance rather than just covering the interest.

Understanding Principal vs. Interest Payments:

To better comprehend the benefits of directing payments towards the principal, it’s essential to distinguish between principal and interest payments.

The principal refers to the original amount borrowed, while interest is the cost of borrowing the money.

When you make a payment on your student loan, it typically covers both principal and interest. By focusing on reducing the principal, you can decrease the overall interest accrued over the life of the loan.

Let’s consider an example. Suppose you have a $30,000 student loan with a 6% annual interest rate and a 10-year repayment term. The standard monthly payment would be approximately $333, with a portion going towards the principal and the rest towards interest. If you were to apply an additional $50 per month directly to the principal, you could save nearly $1,800 in interest and reduce your repayment term by over a year.

Here are the key benefits of this approach to saving money on student loans:

  • Reduced Interest Payments: Applying extra payments directly to the principal reduces the interest paid over the life of the loan, leading to considerable savings. I really believe that this is one of the best money saving tips for students and graduates.
  • Shortened Repayment Term: By reducing the principal balance faster, you can also shorten the overall repayment term, allowing you to be debt-free sooner. HELLO TRAVEL FUND ✈️

Additional Strategies to Save Money on Student Loans:

2. Refinancing

Refinancing is another way to save money on student loans.

But what is refinancing? Essential refinancing your student loans involves taking out a new loan to pay off your existing loans, ideally at a lower interest rate.

This can help you save money on interest payments and potentially reduce your monthly payment amount.

3. Utilising Grace Periods and Deferment

Another way to save money on student loans is by taking advantage of grace periods and deferment options, which allow you to temporarily pause your student loan payments. During this time, you can save money and focus on paying down the principal when you resume payments.

By focusing on strategies that reduce the principal balance of your student loans, such as applying extra payments directly to the principal, you can save money and expedite your journey to being debt-free.

Coupled with additional approaches like refinancing or utilising grace periods and deferment, these methods can help you effectively manage and reduce your student loan debt.  

How to Save Money on Apple products:

Let’s face it, popular Apple products like the iPhone or MacBooks cost an absolute fortune! So, if you want to save money on apple products read on. This has to be one of my favourite finance hacks!

1. Apple Student Discount

If you’re a student, you can get a student discount with Apple through their education pricing program.

Here’s what you need to do to claim your apple discount:

Verify your student status: Apple offers discounts to students enrolled in a college or university, as well as teachers, faculty, and staff members.

You’ll need to verify your student status to access the discounted pricing.

  • Visit the Apple Education Store: Go to Apple’s Education Store website ( The education pricing will be displayed on eligible products, such as MacBooks, iPads, and other accessories.
  • Shop for your desired products: Browse through the Apple Education Store and select the products you’d like to purchase. The discounted prices will be shown, so you can see how much you’re saving compared to regular prices.
  • Check for additional promotions: Occasionally, Apple offers additional promotions for students, such as free AirPods with the purchase of a MacBook or iPad. Keep an eye out for these deals to maximise your savings.
  • Complete your purchase: Once you’ve added the desired items to your cart, proceed to checkout. The education discount will be applied automatically to your purchase.
  • Provide proof of eligibility if required: In some cases, Apple might ask for proof of your student status, such as a valid student ID, enrolment confirmation, or an email address issued by your educational institution. So be prepared to provide this information.

Remember that the Apple student discount and additional promotions may vary by country, and not all products are eligible for the education pricing. Always visit the Apple Education Store for your country to find the latest offers and information.

2. Fix Your iPhone for $5!

Forget putting your iPhone in a bowl of rice! This money saving tip will save you 💰💰💰 if you accidentally drop your phone in water or you just feel that your iPhone (or iPad) is muffled.

All you need to do is download the aptly named ‘Water eject – Speaker Cleaner‘ app, which will help you to clean the speaker from dust and water.

This unique app offers a combination of sounds and haptic patterns to help get rid of any water and dust from your speaker.

Vibrations and sounds should start once the power button is pressed. The ‘manual eject’ can be switched between light, medium and heavy modes, with further settings to alter the intensity.

If this fails, perhaps because your iPhone has been submerged in water for too long, you can try putting your iPhone in cat litter. Believe it or not, this is one of the best ways to recover a water-damaged phone

So now there’s no need to rush out and buy a replacement iPhone with this awesome money saving app!

How to Save Money on Clothes: ASOS Student Discount

Wondering how to look 🔥 on a budget? Read on!

When it comes to online fashion retail, ASOS sets the bar high with its customer-centric approach. One policy that stands out is the ASOS Student Discount, which offers an undeniable advantage for fashion-conscious students on a budget.

Understanding ASOS’s Student Discount:

ASOS, a global leader in online fashion and cosmetic retail, offers an attractive 10% student discount on all purchases. Available to all students who are studying in eligible countries, this policy provides a considerable saving that can make updating your wardrobe much more affordable!

The Beauty of ASOS’s Student Discount:

  • Budget-Friendly: The ASOS Student Discount can significantly reduce the financial strain of staying on top of the latest trends – ideal for style-conscious students looking to save money!
  • All-Year Availability: Unlike some discounts that are only available during specific periods, ASOS’s Student Discount is available throughout the year.
  • Wide Range of Products: ASOS offers a vast selection of fashion and beauty products from both well-known and emerging brands. The discount applies to all of these, offering a lot of choices for students.

Maximising ASOS’s Student Discount: To take advantage of the discount, students must complete a form on the ASOS website and provide valid student identification. Once the verification process is complete, students will receive a unique ASOS discount code that can be used until graduation.

Overall, the ASOS Student Discount is a great way to save money, allowing you to indulge your fashion cravings without paying full price. It’s not just a discount; it’s a nod to the fact that fashion and financial savvy can go hand in hand. So, if you’re a student, don’t miss out on this opportunity to save money – it was a lifesaver for me as a shopaholic at University!

How to Save Money on Music:

Spotify’s Student Discount

In the world of music streaming, Spotify stands out with its dynamic features and personalised listening experience. But one of Spotify’s most attractive offerings is its Student Discount, a money-saving student perk, allowing you to save while you stream 🎧 🎶

Unpacking Spotify’s Student Discount:

Spotify offers a very generous 50% student discount on its Premium service. This allows students to access ad-free music, offline playback, and on-demand play at half the usual cost, making it a must-have for any student looking to save money.

The Appeal of Spotify’s Student Discount:

  • Pocket-Friendly: With budgets often tight during student life, Spotify’s Student Discount makes accessing high-quality streaming services more affordable.
  • Uninterrupted Listening: With Spotify Premium, you can enjoy ad-free listening, which is a major upgrade from the free version.
  • Extra Perks: The student discount isn’t just for Spotify Premium. It also gives students access to Hulu’s ad-supported plan and SHOWTIME, expanding the scope of entertainment.
  • Maximising Spotify’s Student Discount: Students need to verify their status through SheerID on Spotify’s website. Once verified, students can enjoy discounted Spotify Premium for up to four years.

Overall, Spotify’s Student Discount is perfect for students as it provides a budget-friendly path to an extensive music library and other digital content, highlighting Spotify’s commitment to accessible entertainment. So, if you’re a student, don’t miss the opportunity to turn up your savings!

Final Thoughts

Taking advantage of finance hacks can revolutionise the way savvy students navigate their academic years. From discounted fashion purchases with ASOS’s Student Discount to cut-price music streaming with Spotify’s Student Discount, and even savings on tech through Apple’s Student Discount and more, these strategies empower students to enjoy premium services while balancing a budget.

But the savvy approach doesn’t stop at consumer goods and services. One of the most impactful financial hacks for students is managing student loans efficiently. By making payments directly to the principal balance, students can save a considerable amount in interest over time, making loan repayment less daunting.

In essence, these money-saving tips highlight the pathway to a more affordable, enjoyable, and manageable student experience. They are testament to the power of knowledge and strategic planning, and proof that a little savvy can go a long way.

As you embark on your own academic journey, remember to leverage these hacks to maximise your resources and balance the books of academia and finance with prowess.

Happy studying and even happier savings! 📚

If you know of any other money saving tips for students, do let me know in the comments below! 🧠

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Disclaimer: The information provided in this blog related to finance and saving money hacks is for general informational purposes only. It is not intended as financial advice, and you should consult with a qualified professional before making any financial decisions or implementing any money-saving strategies. The content may not be suitable for everyone, and individual circumstances may vary. I disclaim all liability for any actions you take based on the content provided. Any reliance you place on such information is strictly at your own risk. Please be aware that personal finance is a complex subject, and the effectiveness of various money-saving tips or hacks may depend on your specific financial situation.

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