Studying in Johannesburg? Here's how to be money-savvy

Johannesburg boasts some of South Africa’s best institutions of higher learning. Some have produced world-class leaders across various industries. The city’s universities also compete on global stages, offering students access to quality, world-class education. 

Studying in Johannesburg can be an exciting and rewarding experience, but managing your finances as a student is just as important as your academics. With the rising cost of living, students need to be intentional about how they spend and save. From budgeting wisely to taking advantage of student discounts, here’s a practical guide to help students in Johannesburg make smart financial decisions and stretch their money further.  

Create and stick to a budget 

Budgeting helps you track exactly where your money goes and prevents unnecessary spending. Make sure you stick to your budget unless unavoidable expenses arise. A good rule to follow is the 50/30/20 rule—50% for needs, 30% for wants, and 20% for savings.  

Live within your means 

As a student, you’ll meet people from different backgrounds and lifestyles. It’s essential not to succumb to peer pressure or feel compelled to keep up with others. Focus on what you can afford and make choices that align with your financial reality. 

Buy second-hand textbooks

Textbooks and study guides can cost hundreds, sometimes even thousands, of rands. Buying second-hand textbooks can help you save a significant amount. Check campus noticeboards, bookstores, online marketplaces, or student groups where students sell pre-used academic material.  

Sign up for freebies and student deals 

Numerous apps and platforms offer free items and discounts to students, ranging from food and toiletries to clothing and entertainment. Apps like Varsity Vibe and UniDays are must-haves, offering amazing deals specifically tailored for students. 

Use your student card for discounts 

Always carry your student ID with you when visiting entertainment places. Many services and businesses offer student discounts, including public transport, cinemas, restaurants, parks and retail stores across South Africa. 

Party wisely 

While socialising is part of student life, partying can quickly drain your finances. Instead of attending every event, choose the ones that matter most to you and fit within your budget. 

Take advantage of restaurant specials 

Many restaurants in Johannesburg offer weekday specials. Dining out doesn’t have to be expensive if you plan ahead and take advantage of these offers. Check out our recommended specials here: 

The best buy-one-get-one-free restaurant specials in Johannesburg

The best summer restaurant specials in Johannesburg

Get a side hustle

One of the smartest ways to be money-savvy is to start a side hustle. Whether you work at a retail store, do online tutoring, social media management, design, there is plenty of ways to make more money. 

If you are a first-time student, check out: A first-year’s guide to Johannesburg universities and the neighbourhoods around them. 

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