It is undeniable that the practice of saving is crucial in our lives. As we are aware, saving ensures one's future. In this context, one's future is secured when they wisely plan their expenses and savings.
However, the undeniable fact is that saving can help someone face emergencies. As the saying goes, "Misfortunes never come alone." Therefore, one must always be prepared to face difficulties in their daily lives.
The question is, how can students save money? How can they earn more income to build their savings?
Here are some tips for students to save money :
1. Education Loan
Who here is applying for an educational loan? If you receive an educational loan, the first thing you should do is set aside 10% of the loan amount you receive.
Example calculation :
The loan amount for one semester : RM3500.00
Savings to be made : 10%
Amount to be saved : RM350.00
You can deposit RM350.00 into your Simpan SSPN Account, which offers competitive dividends. In addition, you will earn interest on the money you save, increasing your savings year after year.
For the calculation of SSPN dividends, CLICK HERE
2. Not Applying for an Education Loan
If you did not apply for an education loan, you will likely not have extra money to save from the daily allowance given by your parents for expenses and buying equipment for learning.
Do not worry.
Here are some ways for you to earn extra money while studying. Nowadays, there are many opportunities to make extra money, such as :
i) Offering printing services
Usually, lecturers provide notes in softcopy format. However, not all students have printers at home or on campus. Plus, going to a printing shop is too far.
Example :
Number of students in class: 45 students
Number of pages to print : 30 pages
Price per page : RM0.20
RM0.20 x 30 pages = RM6.00 for 1 student
RM6.00 x 45 students = RM270 for 45 students
Imagine earning RM270 for one subject. If there are five subjects, it will be equivalent to RM1,350.00. With this, the initial capital spent is already paid off. Remember that we must print more than one or two notes during our studies. And one subject has ten (or more) chapters. So, you can estimate the earning calculation just from one subject.
ii) Offering Services Design For Students Proficient in Adobe Software
Students who possess skills in Adobe Photoshop or Adobe Illustrator can create impressive designs to sell to clothing retailers or company entrepreneurs out there. On top of that, you can also offer services such as wedding photo editing, company logo design, banners, flyers, and much more.
iii) Join as an Agent or Dropshipper
In this era, many cosmetic, gadget, or other product companies offer dropshipping to all students who want to generate additional income without investing in any ringgit. This is one of the opportunities for you to earn extra income because it is very suitable for students who do not have capital but want to generate additional income.
In conclusion, the practice of saving must be instilled in every student's heart to face future challenges or trials. Therefore, students must manage their finances wisely to continue their lives peacefully.
The savings that you have obtained can be deposited into the Simpan SSPN. Now, opening an account and adding savings for Simpan SSPN Prime and Simpan SSPN Plus can be done through the myPTPTN app.
Download myPTPTN, CLICK HERE
