How to save money as a student in Canada

Every dollar, every penny counts!

While managing studies and a part-time job can stress a student at a time, living on a budget, especially in times of rising inflation in Canada, is even more challenging.
Students should take small measures to help them get discounts and save more money for their stomachs.

Here are some discounts that will help them do that.

Banking and Bonuses

As a student, there are many benefits that one can receive from banks, including free transfers and credit card cashback.

Some banks even offer students referral programs where they can expect to earn some money for opening an account with them. For instance, CIBC allows students to make $ 25 through their referral program upon opening an account with them.

Transit Pass

Most transit agencies across Ontario offer special students pass where they can save much of their money. For instance, students riding in Toronto transit can get $ 26 off their monthly Presto pass with their student ID.

Entertainment Subscriptions

Students can avail of monthly or yearly special discounts for all entertainment needs. All these companies offer student plans for using their services, from Spotify to YouTube Music and from Netflix to Disney+. To enjoy the benefits of these services, you just need to verify your student ID.

SPC Card

The SPC card is the best way for students to save money and get discounts on shopping. With SPC, a student can avail discounts on major brands while shopping and dine-outs, including Tommy Hilfiger, Red Bubble, Gap, Pizza Hut, and many others.

While one can buy the card for $ 10, with a CIBC account, a student can get the SPC card for free and avail of the benefits of SPC+, where they get even more significant discounts.

Electronic Products

Electronic products like laptops and mobile phones are expensive to buy. To ease the pain of spending, companies like Apple, Samsung, Dell, and Lenovo offer special student discounts on products in their online and offline stores. Students can show their school ID and avail of the discounted benefit any time of the year.

With that said, start taking these steps today whenever you think of spending and save as much money as possible.