The holiday season is a time of over-indulgence and over-spending: gifts, going out with friends from home, travelling (even if it's just to and from home). It all adds up. And now the bills have come rolling in, right?
It's OK. You had fun, created great memories and you now have a wealth of embarrassing photos on Facebook. And don't worry: you can still salvage your financial situation and enjoy the rest of your school year in relative comfort. Here's how:
Work your student discount!
As a student, you are often the target of slick marketing campaigns and promotions. Corporations want you to buy their stuff and they will offer incentives to do so—in the form of discounts. Don't be afraid to pull out that student card!
Eat out less
You'll feel better and spend less. Cook meals! It can be kind of fun. And if you have roommates, share the expenses and buy bulk quantities!
Put away the credit card
Sure, at the moment, you're not actually spending money. You're deferring the hit. But it will come. With interest. If you can't afford to pay cash, try not to buy it.
Keep on top of things
If you are organized and pay for things straight away, you'll save money. Parking fines, late fees, overdue charges, ATM fees can affect your budget.
One of RGC's top safer gambling tips is "Set money and time limits." This piece of advice can be applied across the board. If you are going out, set a spending limit, and stick to it. Or if you are considering buying an item, stop and think if you really need it.
Start thinking about your summer job now. Students at the University of Ottawa: check out the summer job fair on Thursday, January 31.
Use on-campus financial aid and awards resources
Get information about work study programs, financial aid and awards: