Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,303 members, 7,808,030 topics. Date: Thursday, 25 April 2024 at 04:33 AM

9 Ways Students Waste Money, Possible Solutions - Education - Nairaland

Nairaland Forum / Nairaland / General / Education / 9 Ways Students Waste Money, Possible Solutions (24664 Views)

5 Ways Students Can Gain Work Experience Before Graduation - Dailystudentinfo / Photos Of Different Ways Students Indulge In Examination Malpractices / 11 Simple Ways Students Can Made Daily Income Online (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

9 Ways Students Waste Money, Possible Solutions by zico124(m): 6:23am On Oct 19, 2015
Its so painful how many students gets stranded some few days after getting some sort of support, work&study or allowance from source like parents, sponsors,few work here and there. Most painful when we don't even knowhow the money has suddenly disappear.
Don't look far, see few ways students waste money:

1. PAYING FOR SIMPLE REPAIRS
Basic home appliance and electronics maintenance is something few students learn, but students have to learn that calling an engineer to fix an extension socket will take away some few bucks from our wallet.
Learn to make simple repairs

2. CABLE TV SUBSCRIPTION
Many students don't see school as school and home as home. Some of us as students need to know that we will have to miss some of our favorite shows when we go back to school. Yes, thank God for some cheap cable TV with cheap subscription packages but the fact still remains that the monthly subscription gets few bucks from our pocket and still end up as a distraction to our study.
Check your income before buying a cable TV

3. LEVERAGING ON POS EASY PURCHASE ACCESS

If you always use your card to pay for things, it’s a lot easier to spend more than you intend to because you aren’t seeing the money. You just press some buttons and boom, purchase made.

You might not be so liberal with your funds if you had to watch the cash leave your wallet. Many of us smile as we make our online purchases but feel a bit surprise when the bank send us our statement of account or SMS alert.

Make a scale of preference, always review your monthly income and expenditure

4. EXOTIC HOUSE
I have seen students from average homes living in 2bedroom flat, fine if you can afford it, but won't it sound reasonable to invest such money? Some also spend so much on home accessories and pimping all in a bid to impress others and finally end up  getting stranded. Get a portable and comfortable place.

5. TOYING WITH YOUR HEALTH
You think it won’t happen to you, but it will. Many students don't take care of themselves. Personal hygiene is very important, you really do need to maintain your teeth’s health or you’ll be paying for dental work before you graduate or later in life, and that can get painfully expensive. Massive consumption of alcohol and junk food habits, and just not taking proper care of yourself in general will all come back to bite you, no matter how strong you think you are.

6. VISITING THE GROCERY STORE MORE THAN ONCE IN A WEEK
A store is not a library! Many students visit the store more than the library. Its not a bad idea to visit the grocery store but we have to control the number of times we do so. If possible, we can make a list of what is needed and stick to it. Because you run out of one or two items is not an excuse to visit the grocery more than once a week. You don't also need to buy everything that looks good in the grocery store.
Make a scale of preference

7. NOT TAKING ADVANTAGE OF DISCOUNTED WHOLESALE PRICE
This is especially good money-saving advice if you’re a student. Student and college discounts abound, they just might be hidden. Just because a company or establishment doesn’t explicitly advertise student discounts doesn’t mean they don’t have any; ask an employee, or, if you’re making a purchase online, use a search engine to see if there are any student discounts or programs you weren’t aware of.  For students who school in towns where the market days are observed on specific days e.g five days market etc, you can take advantage of those market days to make your purchases, by doing so you save some extra money in your wallet. It is also good to make purchases in wholesale price.


8. MAKING BRAND BASED PURCHASING
Store and generic brands have to be one of the most underused ways to save money across a range of products. From food, to skincare, to
medicine. Check the labels; in most cases, the ingredients are pretty much identical, but you don’t have
to spend money on the big brand names.
Also, if you have prescriptions, you can sometimes ask your pharmacist for the generic version of your medications. They work just the same as the brand name, and can save you quite a bit of
cash.
Its not a sin to buy other brands

9. DISORGANIZATION
Being disorganized has cost you money at some point. Losing chargers and cables, misplacing expensive jewelry, forgetting where you left your keys and having to pay a locksmith to get into your house. If the mess itself hasn’t motivated you to declutter and get organized, link back on all the times you lost or misplaced something and ended up spending money in some way because of it. Then think of how many of those times you ended up finding the missing item later and realizing you spent that money for nothing. Yeah, I thought that
might get your attention.

http://sureinformationng.com/2015/10/18/9-ways-students-waste-money-possible-solutions/

Can you please add to the list?

18 Likes 3 Shares

Re: 9 Ways Students Waste Money, Possible Solutions by Nobody: 7:22am On Oct 19, 2015
* Sports Betting
* Clubbing
* Co-Habiting with the opposite sex
* Data plan
* Eating out

165 Likes 12 Shares

Re: 9 Ways Students Waste Money, Possible Solutions by Ojestas(m): 8:26am On Oct 19, 2015
GUYs
--Buying expensive things(shoes, clothes, caps et al) in bid to look like wizkid
--Taking girls to eateries to impress them
--Drinking & Partying/clubbing
--Carrying expensive Olosho.

LADIES
--Spending unnecessary on clothes,bags
-- Buying drugs, pills et al
-- Misplaced Priorities. .Some want to look like Kim k or Tiwa savage, hence; spend on irrelevancies
-- Birthday, some girls can spend their life savings on birthday party.


Etc

42 Likes 3 Shares

Re: 9 Ways Students Waste Money, Possible Solutions by Leyemoshood: 8:26am On Oct 19, 2015
Betting, clubbing and cohabiting with the opposite sex is the most common

in other news,order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/4

1 Like

Re: 9 Ways Students Waste Money, Possible Solutions by Dazirazo(m): 8:26am On Oct 19, 2015
Pathetic especially for those from a poor background pretending like from they are from a rich one

DO YOU CARE TO MANAGE YOUR DIABETES AND HYPERTENSION IN A NATURAL WAY?... Visit this link.. www.nairaland.com/2619089/natural-way-completely-manage-diabetes
Re: 9 Ways Students Waste Money, Possible Solutions by kenedy175(m): 8:27am On Oct 19, 2015
I don't waste money! I wonder why a student should!

2 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by Unsad(m): 8:27am On Oct 19, 2015
Grocery store This shii ain't for Nigerian students, grocery store when Plenty canteens dey.

3 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by kenedy175(m): 8:27am On Oct 19, 2015
Dazirazo:
G
For G-wagon

2 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by Bennyberry(m): 8:27am On Oct 19, 2015
Nairabet

4 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by Decapo: 8:27am On Oct 19, 2015
Hello NLers....today z my birthday please wish me happy birthday by liking my post

61 Likes 1 Share

Re: 9 Ways Students Waste Money, Possible Solutions by Nobody: 8:27am On Oct 19, 2015
and girls spend money on clothes they wont end up wearing
am guilty of that one.grin

2 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by naijathings(m): 8:28am On Oct 19, 2015
BEER and OLOSHO

Cheap perfumes and Abortions

Cult dues

Fashion Update



Solution: Remember why you are in school.

7 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by Hysmady(m): 8:28am On Oct 19, 2015
Purchasing illegal pvssy

1 Like

Re: 9 Ways Students Waste Money, Possible Solutions by efilefun(m): 8:28am On Oct 19, 2015
cool

1 Like

Re: 9 Ways Students Waste Money, Possible Solutions by Nobody: 8:28am On Oct 19, 2015
ALKARULEZZ:
* Sports Betting
* Clubbing
* Co-Habiting with the opposite sex
* Data plan
* Eating out
Gbam! Your head is there

6 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by braine(m): 8:29am On Oct 19, 2015
Spending on girls should top the list. Girls have ruined many guys in school. embarassed

2 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by BIDEEN: 8:29am On Oct 19, 2015
Forming big while u are a nobody

2 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by Lagusta(m): 8:29am On Oct 19, 2015
ALKARULEZZ:
* Sports Betting

* Clubbing

* Co-Habiting with the opposite sex

* Data plan

* Eating out

You are very correct sir.....

4 Likes

Re: 9 Ways Students Waste Money, Possible Solutions by ultrazone(m): 8:29am On Oct 19, 2015
Nice read
Re: 9 Ways Students Waste Money, Possible Solutions by joeace2020(m): 8:30am On Oct 19, 2015
But when you tell them to pay to learn a skill they can earn with and be independent from parents and build a financially secure future, they will rather be collecting monies from lying to their parents and chasing the ostentatious lifestyle all in the name of impressing one girl or guy. What do i know



Meanwhile for those people who have no jobs, are tired of switching jobs or have no skill at all and want to develop skills that can fetch them money today, here is my Nairaland thread (Brought to you by brilliantlightsmedia) where you can come in to learn how to join fiverr and offfer Hot, In-demand Services as well as developing the skills needed not only to make money monthly working online on fiverr but offline as a workplace skill you can start a business with or use to boost your resume and job chances. Ain't that cool?

The thread is a well explained step by step guide along with images to help you grasp what you need to do. to help you get started today

There are very easy ways of making it through the internet, you just have to find the safest and surest way, and this one beckons. follow me now...

The Nairaland Fiverr Free Training Thread

1 Like 1 Share

Re: 9 Ways Students Waste Money, Possible Solutions by Vinshu(f): 8:30am On Oct 19, 2015
It doesn't matter if you're rich.
Re: 9 Ways Students Waste Money, Possible Solutions by ayindepremier: 8:30am On Oct 19, 2015
well, I am guilty of none,



thought u shld include GIRLFRIENDS.

1 Like

Re: 9 Ways Students Waste Money, Possible Solutions by Nobody: 8:31am On Oct 19, 2015
Girl friend dues nko? Abi she no go make hair again? Plus recharge cards Na their student money finish put

1 Like

Re: 9 Ways Students Waste Money, Possible Solutions by baloney: 8:32am On Oct 19, 2015
Re: 9 Ways Students Waste Money, Possible Solutions by Emodeee: 8:32am On Oct 19, 2015
ALKARULEZZ:
* Sports Betting

* Clubbing

* Co-Habiting with the opposite sex

* Data plan

* Eating out

na u write the correct stuff, Na oyinbo people get the one wey op write.

12 Likes 1 Share

Re: 9 Ways Students Waste Money, Possible Solutions by sauceEEP(m): 8:32am On Oct 19, 2015
DATA PLAN!!!

1 Like

Re: 9 Ways Students Waste Money, Possible Solutions by michaelmo11(m): 8:33am On Oct 19, 2015
OP this doesn't fully apply to a nigerian student in a nigerian university... You can do good by editing and "inputing" nigerian slangs and things.
Re: 9 Ways Students Waste Money, Possible Solutions by joeace2020(m): 8:34am On Oct 19, 2015
zico124:
Its so painful how many students gets stranded some few days after getting some sort of support, work&study or allowance from source like parents, sponsors,few work here and there. Most painful when we don't even knowhow the money has suddenly disappear.
Don't look far, see few ways students waste money:

1. PAYING FOR SIMPLE REPAIRS
Basic home appliance and electronics maintenance is something few students learn, but students have to learn that calling an engineer to fix an extension socket will take away some few bucks from our wallet.
Learn to make simple repairs

2. CABLE TV SUBSCRIPTION
Many students don't see school as school and home as home. Some of us as students need to know that we will have to miss some of our favorite shows when we go back to school. Yes, thank God for some cheap cable TV with cheap subscription packages but the fact still remains that the monthly subscription gets few bucks from our pocket and still end up as a distraction to our study.
Check your income before buying a cable TV

3. LEVERAGING ON POS EASY PURCHASE ACCESS

If you always use your card to pay for things, it’s a lot easier to spend more than you intend to because you aren’t seeing the money. You just press some buttons and boom, purchase made.

You might not be so liberal with your funds if you had to watch the cash leave your wallet. Many of us smile as we make our online purchases but feel a bit surprise when the bank send us our statement of account or SMS alert.

Make a scale of preference, always review your monthly income and expenditure

4. EXOTIC HOUSE
I have seen students from average homes living in 2bedroom flat, fine if you can afford it, but won't it sound reasonable to invest such money? Some also spend so much on home accessories and pimping all in a bid to impress others and finally end up  getting stranded. Get a portable and comfortable place.

5. TOYING WITH YOUR HEALTH
You think it won’t happen to you, but it will. Many students don't take care of themselves. Personal hygiene is very important, you really do need to maintain your teeth’s health or you’ll be paying for dental work before you graduate or later in life, and that can get painfully expensive. Massive consumption of alcohol and junk food habits, and just not taking proper care of yourself in general will all come back to bite you, no matter how strong you think you are.

6. VISITING THE GROCERY STORE MORE THAN ONCE IN A WEEK
A store is not a library! Many students visit the store more than the library. Its not a bad idea to visit the grocery store but we have to control the number of times we do so. If possible, we can make a list of what is needed and stick to it. Because you run out of one or two items is not an excuse to visit the grocery more than once a week. You don't also need to buy everything that looks good in the grocery store.
Make a scale of preference

7. NOT TAKING ADVANTAGE OF DISCOUNTED WHOLESALE PRICE
This is especially good money-saving advice if you’re a student. Student and college discounts abound, they just might be hidden. Just because a company or establishment doesn’t explicitly advertise student discounts doesn’t mean they don’t have any; ask an employee, or, if you’re making a purchase online, use a search engine to see if there are any student discounts or programs you weren’t aware of.  For students who school in towns where the market days are observed on specific days e.g five days market etc, you can take advantage of those market days to make your purchases, by doing so you save some extra money in your wallet. It is also good to make purchases in wholesale price.


8. MAKING BRAND BASED PURCHASING
Store and generic brands have to be one of the most underused ways to save money across a range of products. From food, to skincare, to
medicine. Check the labels; in most cases, the ingredients are pretty much identical, but you don’t have
to spend money on the big brand names.
Also, if you have prescriptions, you can sometimes ask your pharmacist for the generic version of your medications. They work just the same as the brand name, and can save you quite a bit of
cash.
Its not a sin to buy other brands

9. DISORGANIZATION
Being disorganized has cost you money at some point. Losing chargers and cables, misplacing expensive jewelry, forgetting where you left your keys and having to pay a locksmith to get into your house. If the mess itself hasn’t motivated you to declutter and get organized, link back on all the times you lost or misplaced something and ended up spending money in some way because of it. Then think of how many of those times you ended up finding the missing item later and realizing you spent that money for nothing. Yeah, I thought that
might get your attention.

http://sureinformationng.com/2015/10/18/9-ways-students-waste-money-possible-solutions/

Can you please add to the list?


Say no to copy pasting

4 Likes

(1) (2) (3) (Reply)

ASUU Divided Over Strike Suspension, Holds NEC Meeting / Did You Go For Another Bachelors Degree After Your BSc? Pls Share Your Story!! / Stunning pictures of children's day celebration, share ur Childhood Memories

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 47
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.