Reality Check : Is it really possible for students to save from their pocket money?

[King Belieal]

I always hear some people say that students should be saving money. It is a good theory. But let's look at reality. Students only get pocket money for their upkeep from their parents. And they have so many expenses to make in school. From lecture materials to practicals, they are always in need of money.

How then can students save? Is it a reality for students to save?

 

[Fidelia]

Anyone that intends to save money would still go ahead to save no matter how much expenses they have. Th savings can be very little.

 

[eLdavis]

Yes it's very possible for students to save from their pocket money, it's all about having a goal and the self discipline.

 

[Suba]

My experience when I was in school, starting from elementary school I was used to saving in a piggy bank, after high school I created a bank savings account, although in a small amount, the important thing is that I can save and practice frugal living and improve discipline.

 

[eLdavis]

Yes no matter how small, it's still saving. It's all about having the self discipline to do so, I believe this is what so many students lack.

 

[Kross]

Savings is not a function of how much you have but a commitment and an inherent culture to save no matter what.

 

[Augusta]

Yes reality check from experience you can. you can still keep away money no matter how small for the future

 

[Kera]

There is someone that I know who earns just $17 as income but still has a large amount in her savings account.

 

[Springtime]

I think it is possible for a student to save if s(he) has self-discipline. Even a small amount still counts.

 

[bluesky]

Why not? Where there is a will, there is a way. Determination is necessary to save instead of spending all.

 

[Kross]

I also believe in small savings. Students can make very small savings for themselves. They are the beneficiary of it all.

 

[Augusta]

Yes this where you start teaching yourself as a young person how to hr disciplined and saved

 

[Xtynehappy]

It's very difficult thing for sure. Unless the students that get good amount of pocket money and mostly from well off families.

 

[Trush Jodie]

Yes this where you start teaching yourself as a young person how to hr disciplined and saved

Anyone that can't save as a student won't ultimately be able to save even when they are working. That's because money is never enough to meet needs.

 

[Fire&Rain]

In my country its very possible. Studying in universities is absolutely free in my country. And when you study in a university you get a book allowance and a monthly allowance from the government. If you live in the school premises then you are feed three meals daily and get toiletry allowance. So you will find that allowances that they get they are able to save a small.portion of it.