Money-Saving Tips for Hostellers during this Pandemic

                            

With the pandemic still not showing any signs of slowing down, things are going to be tough through the year 2020. The lockdown created an economic drag due to which many people lost their jobs or are on pay-cuts, some lost their source of income and are struggling to make ends meet.

For Hostellers, saving money has become a priority in these unprecedented times. Ask any hosteller and they will tell you that the days of "Money for Nothing " attitude of theirs have taken a setback.

However, with the "Work From Home/Hostel" still intact for most of us there can be some constructive calculations that hostellers can do to save some money and still party hard! 

Here are some Money-Saving Tips for Hostellers during this coronavirus pandemic

Budge the Virus Not Budgeting 

During this crisis, it is crucial to think economically. And the first step in saving money is having a thorough budget plan. Write down all the expenses and cut down things which are not necessary during this coronavirus lockdown. Track your income and know where to spend.

Make use of a simple spreadsheet or use any budget planning apps

Emergency fund is a must

To avoid the havocs of financial stress, you need to create an emergency fund. Remember that time when you opened your wallet to pay and it was empty at first but then you found some money in the small chained compartment which saved the day. Yeah, that same kind of relief an emergency fund is going to provide you during this pandemic lockdown.

Put some percentage of your monthly income or savings in the emergency fund and never look back.

Learn Investing/Trading

With the stock markets going gaga all over the place, there are have been a substantial rise in young people knocking the doors of the financial markets. It is advised to first find out the best investment Trading options and their process and then choose the right product- equity, mutual funds etc to invest or trade.

There are tons of blogs on the subject, tools and financial platforms available on the internet, get the right education or seek professional help before putting your hard-earned money.

Say No-No Ordering Food Online

We know being a hosteller and having tasty food regularly doesn't go hand in hand. And most hostellers tend to knock online food services. But now that you got some extra-time left with " Work from home", cook your own food bro!. Besides, becoming the chef that you always wanted to be, you are also avoiding the risk of getting coronavirus from the food delivery guys. 

Or You can just go through our list of best hostels and PGs offering the best quality food.

Stay Safe! Stay Home!