moonchild
VIP Contributor
Whether you're saving up for post-graduation tuition or looking to start building your own business when you get out of college, or you just want to have some extra cash in your pocket, growing your savings is generally a good idea, because you will have enough to spend and do other stuffs that interest you, I'm going to share some personal strategies for saving money you can use and also how to build up a nest egg that will serve you well beyond graduation.
First thing first to show your commitment, you need to open a savings account, it's time to start saving. a savings account is a great place to stash your extra cash and earn interest on your deposits, it is always better to separate your spending account and savings account, look for a high-yield savings account with a low minimum balance requirement that you can get, set up automatic transfers from your checking account if you have any to your savings account each month or you can do it manually.
Invest in forex If you have some extra money to invest, learn how to trade the forex market and then put your money in forex, it is one the best ways to grow your savings over the long term. make sure you do your research, and demo trade for a while before throwing in real money.
To be able to save more money, consider finding a part-time job or starting a side hustle on the side. there are plenty of opportunities available, from tutoring to freelance writing and graphic design, both online and offline, after you'd make your money, if you want to preserve them, you should simply learn to live frugally. cut back on unnecessary expenses like netflix if you watch, expensive clothes and other expensive hobbies you might have, and focus on the things that really matter to you.
First thing first to show your commitment, you need to open a savings account, it's time to start saving. a savings account is a great place to stash your extra cash and earn interest on your deposits, it is always better to separate your spending account and savings account, look for a high-yield savings account with a low minimum balance requirement that you can get, set up automatic transfers from your checking account if you have any to your savings account each month or you can do it manually.
Invest in forex If you have some extra money to invest, learn how to trade the forex market and then put your money in forex, it is one the best ways to grow your savings over the long term. make sure you do your research, and demo trade for a while before throwing in real money.
To be able to save more money, consider finding a part-time job or starting a side hustle on the side. there are plenty of opportunities available, from tutoring to freelance writing and graphic design, both online and offline, after you'd make your money, if you want to preserve them, you should simply learn to live frugally. cut back on unnecessary expenses like netflix if you watch, expensive clothes and other expensive hobbies you might have, and focus on the things that really matter to you.
