Smart ways to save money in your PG Hostel as a student

If money saving tips are what you want, then money saving tips are what you will get. And don’t worry, these tips won’t be super sensational like the ones financial influencers share in their reels. So nope, you’re not gonna make 1 crore in 1 year, but you’ll definitely save enough to avoid staring all teary-eyed at the pricey cheesecake during month-end.

And hey, we’re no financial experts, but you can definitely say that our word is pretty legit. After all, we’ve been around young folks like you long enough to know these things. And that’s because at Stanza Living, we’ve got 450+ residences in 26+ cities with over 70,000 residents. So over the years, we’ve realised what you need, and what you don’t. But enough about us. It’s time you scroll down, and note down our answer to your question – ‘how to save money in hostel?’

 

So what are the ways to save money during PG life

“How to save money in PG hostel?” Well, these tips below might help you out, friend.

• Download a money-saving app and track expenses
• Cut down on food bills
• Find a commuting partner
• Look for free entertainment

 

Looking for a place that gives you value-for-money with 10,000 amenities? Check out our Stanza Living residences.

 

Download a money-saving app and track expenses

You see, in the age of UPI payments, you never know how much money you’ve burned in just 3 days if you don’t keep track. So we suggest you download a safe expense-tracking app. It’ll not only help you keep your spendings in check but also let you stick to a budget. Pretty useful, don’t you think?

 

Cut down on food bills

We all love eating. We also love ordering takeouts. And with a dozen food delivery apps sending you tempting push notifications, it gets harder to control the impulse of ordering in. But you gotta limit that, bro. As an alternative, you can keep a snack box near your bed with your favourite but cheap snacking items. This will help you answer your midnight hunger pangs without spending the money you can use to buy a shirt.

 

Find a commuting partner

The best way to save money on daily commutes is to find a commuting partner. And since you’ll be living in a PG, we’re sure you’d find PG mates studying in the same college. Plus, even when you’re going to another part of the city, do ask your PG mates if they have plans to head in the same direction. As a bonus, you will also get company while getting stuck in traffic (especially important for folks moving to Bengaluru).

 

Look for free entertainment

It’s no surprise that everybody just wants to party and have fun during college life. And we don’t blame you for wanting the same. But do make sure you are always on the lookout for free entertainment options. Like an entry-free theatre production, or an open music gig in a shopping mall. Trust us, this will go a long way to save some of that much-needed monthly allowance.

 

FAQs on Living life in a PG

Q. Which are the ways to save money during your PG life?

A. These are the ways to save money during your PG life:

 

• Download a money-saving app and track expenses
• Cut down on food bills
• Find a commuting partner
• Look for free entertainment

 

Q. What Are Some Ways to Save Money with a Roommate Together?

A. No worries. If you and your roomie are on the same page, you can save plenty :

• Shop for the whole month
• Order Less, Cook more
• Plan your commutes together
• Share stuff with each other
• Keep a coin jar at home

Q. How do I find the Best PG Near Me?

A. If Googling ‘best hostel near me’ doesn’t fetch you any helpful rental listings, you can try these ways:

• Look towards co-living spaces
• Ask friends and spread the word around on social media
• Hire a broker

Q. What Makes a Locality Good for Living in a PG?

A. First things first, the locality should be close to your college or workplace. Plus, there should ideally be grocery markets, pharmacies, and plenty of greenery near PG hostels too.

Q. What Lessons Does One Learn While Living with Roommates?

A. Well, these are the lessons while living with roommates:

• Adjusting
• Responsibility
• Communication
• Money management
• Sharing is caring
• Alone time is important
• Setting boundaries