Stretching your dollar as a student

Saving money is an important skill for any student, but it becomes even more crucial when you are studying abroad. I know how tough it can be to balance expenses in Canada, especially for international students, while also considering exchange rates and financial support from back home. In today’s economy, every dollar counts, and learning how to stretch your budget can make life much easier and less stressful. The good news is that there are many ways to save money while still enjoying your time as a student at Ontario Tech University. Here are some of my tips: 

Student discounts

One of the most effective ways to save money as a student is to take advantage of the numerous discounts available by simply showing your student ID. Restaurants, bubble tea shops, clothing stores, and even online retailers often offer student discounts, typically ranging from 10% to 20% off the original price. This might seem like a small amount at first, but over time, it adds up to significant savings.

For example, Coco’s bubble tea shop often has weekly or monthly specials for around five dollars, and with a student discount, the deal becomes even better on non-promotional drinks. Food chains like Osmow’s and Domino’s also offer discounts if you show your ID, which is perfect for days when you need something quick and filling between classes. These discounts are not limited to food, but clothing retailers and tech companies also participate. Online platforms like ‘Student Beans’ and ‘UNiDAYS’ make it easy to find deals from brands such as Gymshark, Apple, and Ray-Ban. There’s also the SPC (Student Price Card), which requires a small annual fee but opens up savings at a wide variety of stores. Friends of mine who have purchased it swear by it, and they use it often enough that the card pays for itself. However, since I don't shop much, I stick with those two websites, which only require your student email address, and you’re good to go! 

Being more intentional with spending

One of the most challenging habits for students to manage is spending on small but frequent treats, such as coffee, matcha, or bubble tea. Meeting friends over a drink is a great way to relax and catch up, but if you make it a daily or weekly habit, the costs quickly pile up. Personally, I try to limit these outings to once or twice a month. It’s not about cutting out enjoyment completely, but rather being mindful of where your money goes.

Think of it this way: the money you spend on your fifth or sixth drink in a month could instead cover a week’s worth of laundry or buy a bag of fresh groceries. For international students, this intentionality is especially important due to the impact of currency exchange on their budgets. If you come from a country with a weaker currency compared to the Canadian dollar, every small expense has a larger impact than it would for local students. Being mindful about when and how often you spend on non-essentials can help you maintain financial stability without feeling deprived.

Budgeting and meal planning

Creating a budget may sound boring, but it’s the most effective way to avoid overspending. I divide my expenses into categories: about seventy percent goes toward rent, ten to fifteen percent for food, less than two percent for my phone plan, two percent for fun, and the rest I try to put into savings. Sticking to this breakdown has given me a clear sense of control over my money.

Meal prepping is another lifesaver. On weekends, I cook in batches and prepare meals for the week ahead. Sometimes I eat the same dish for several days in a row, and while it might sound monotonous, it saves me from spending money on takeout and ensures that I don’t go to bed hungry. Apps like Flipp are incredibly useful because they compare grocery prices from different stores. You can even use price matching at stores like Walmart and FreshCo to ensure you always get the best deal.

Speaking up about discounts and price matching

It can feel awkward to ask about discounts or price matching, especially when you are new to Canada, but it’s worth it. Many stores and restaurants offer discounts quietly. They won’t advertise them, but if you show your student ID, they will apply it. Likewise, many grocery stores in Ontario will match a competitor’s price if you show them the flyer or app. The worst response you’ll get is “no,” which is not a big deal, and you’ll never have to wonder again about that particular store. Being vocal about these opportunities can save you a surprising amount of money.

Rewards programs and store apps

If you visit places regularly, downloading their app or joining their rewards program can lead to significant savings. For instance, Tim Hortons offers a rewards program where you earn points every time you make a purchase. Additionally, if you keep your receipt and complete the quick survey, you can receive a hot drink of any size. Yes, even an extra-large hot chocolate or French vanilla, just one dollar plus tax. Similarly, grocery stores like FreshCo and No Frills allow you to earn points with Scene+ and PC Optimum cards, which can later be redeemed for discounts on your purchases. Other places like Starbucks and Shoppers Drug Mart have similar loyalty programs, and if you shop wisely, you can stack these rewards to make your budget stretch further.

Making the most of campus resources

Ontario Tech University provides plenty of resources that can help you save money if you take advantage of them. The campus library is an excellent starting point for research. You can borrow textbooks, access academic journals, and even use software like Microsoft Office without paying extra. The recreation facilities also offer free or low-cost fitness opportunities, including workout classes and sports leagues. For academic help, peer tutoring and study groups are available, and they can save you from spending money on private tutoring. The Career Centre is another underutilized resource that assists with resume writing, interview preparation, and finding part-time jobs on and off campus.

Transportation savings with the U-Pass

One of the best perks included in your tuition for full-time students is the Durham Region Transit U-Pass, which gives you unlimited access to DRT buses. Use it as much as possible instead of paying for rideshares or taxis. If you need to travel outside Durham, look into discounted GO Transit student fare or get your PRESTO card on a student discount, which can also cut down on costs significantly

Shopping second-hand

When it comes to dorm furniture, clothing, or kitchen supplies, second-hand is the way to go. Facebook Marketplace, Value Village, and local thrift stores around Oshawa often have great deals. At the end of each semester, many students sell or give away their belongings at a low cost before moving out. This is an excellent opportunity to find essentials without overspending. Don't feel guilty buying someone else's furniture. Think of it as being more sustainable towards nature and saving money! 

Free food and giveaways on campus

Events organized by the Ontario Tech Student Union, campus clubs, or the city of Oshawa often include free food, snacks, or merchandise. Following their social media pages is a smart way to stay updated on these opportunities. You can also meet new people, which makes the experience even more valuable.

Splitting costs with friends

Buying in bulk can lower costs, but it’s not always practical if you live alone. Teaming up with friends or roommates to share bulk purchases, such as cleaning supplies, snacks, or pantry items, can help your money go further. Stores like Costco and Walmart are great for bulk shopping, and when you split the costs, it becomes even more affordable.

Coupons and cashback apps

Combining discounts with cashback is one of the smartest ways to save. Apps like Rakuten, Checkout 51, and Honey can help you earn money back or automatically apply coupon codes when you shop online. Over time, these small returns accumulate and can be applied toward other essentials.

Keeping a fun fund

It’s important to remember that saving money doesn’t mean you should never enjoy yourself. Setting aside a small amount each month for enjoyable activities, such as eating out, attending concerts, or purchasing something you’ve been wanting, helps you strike a balance. Being intentional about your spending means you can enjoy life without feeling guilty or stressed about money.

Final thoughts for international students

For the international students at Ontario Tech, it’s important to remember why you are here: to learn, grow, and experience life in Canada. Yes, saving money is important, but so is enjoying your time and taking care of yourself. Be intentional with your spending, utilize your student discounts, budget wisely, and make the most of free resources. Financial stability doesn’t mean cutting out all enjoyment. It means making smarter choices so that you can have both security and memorable experiences during your student years.