Which student doesn't know the dilemma? Every month you will either receive money from a student loan or BAföG benefits transferred to your account. What is certain is that neither option will make you rich. On the other hand, you have to pay your liabilities and other costs at regular intervals. This includes rent and additional costs such as electricity, water and heating.
In addition, there are expenses for meals, i.e. food and drinks, books or other purchases for studying. Of course you want to go away with fellow students and fulfill your little wishes or treat yourself to something special. All of this doesn't even have to be expensive, but it can quickly lead to financial bottlenecks. We'll give you tips on how to get more money.
Tip 1: Financial overview
The most important thing is that you have an overview of your finances. Otherwise, at the end of the money there will still be a lot left over for the month. An Excel template is ideal for this. Simply enter all monthly income and plannable liabilities or foreseeable special expenses. The remaining amount is available for variable expenses. You should also keep a record of these in order to get a forecast for the coming months.
Tip 2: Private or statutory health insurance?
Normally, you are covered by your parents’ health insurance as part of their family insurance. Even with a part-time job up to 450 euros, everything is easy. If you have a higher income, you have to insure yourself. The amount of the contribution for statutory health insurance depends on your earnings as a percentage. It may therefore make sense to switch to private insurance in order to receive better services at lower prices. The catch is that in such a case you can only switch back to statutory health insurance after completing your studies or if you de-register.
Tip 3: Part-time job
Students are welcome temporary workers in 450 euro retail jobs. But you have to sacrifice a few evenings or weekends for this. Alternatively, you could try your luck at NetBet Casino . A safer source of income is giving tutoring to private individuals or writing or correcting texts in writing offices or online platforms. The latter usually means a lucrative additional income with free scheduling.
Tip 4: Green electricity
If you not only want to save your own bank account, but also do something good for the environment, you should look at the electricity providers. The EU particularly subsidizes green electricity to make it accessible to all consumers. As a student with your own living space, you can enjoy discounted, ecologically generated electricity. Due to the extensive subsidies, green electricity is sometimes cheaper than conventionally generated electricity from low-cost providers. It's worth making a detailed comparison here.
Tip 5: VIP discounts and loyalty cards
Many stores and companies offer loyalty cards with special student rates. This can be the popular clothing store or your local disco, as well as the Italian restaurant with the delicious pizza around the corner.
The discounts can take effect immediately. Or later, as with collective discount cards. According to the loyalty program, you usually get a free drink or a meal voucher as a bonus, for example a free pizza after ten paid. By the way, you can save a lot on study trips with your international student card. There are plenty of options to save or earn money. You just have to use them.
These effective savings tips will help every student facing financial constraints.
