As summer continues on, many students are working at summer jobs hoping to save money for the school year. Moneysense.ca recently offered some tips for students in this position when it comes to saving their paychecks.
It can be tempting to spend summer job earnings on entertainment or nights out with friends, but those who save wisely throughout the summer will be in a better position for the numerous expenses that come with a new school year.
One tip the news source offers is automating payment transfers with the bank. Many do not realize they can set up an automated system that will deposit a percentage of their payments into their savings account. This way, the student isn't tempted by the money sitting in their checking account.
Another way students can save money is by downsizing their living arrangements. Many will soon be making decisions on their lease agreements for the new school year, and it's a good time to start thinking about a smaller apartment if money is getting tight. Students should remember they can always supplement a smaller apartment with affordable Toronto self-storage units, which will allow them to keep all of their items close by if they need access to them.
Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.