Saving Money: Saving Money as a Student

A busy weekend with your girlfriend, going to a movie, sipping cocktails at the bar and eating out at a restaurant can get expensive very fast. But it doesn't have to. As long as you have your student ID with you at all times, there are many ways to save money.

by Sinah Vonderweiden

Money in a canning jar as a money box © DAAD/contentküche
Money box . © DAAD/contentküche

In every university town, students can take advantage of rebates and concessions at numerous restaurants, cafés, libraries, museums and cinemas. If you're someone who likes going out often, you don't necessarily have to spend a lot of money.

Getting around

Most students in Germany receive concession rates on monthly public transport tickets, e.g. for buses, subways and trams. If you like travelling, you can purchase a "BahnCard" at a reduced price. With this German railway card, you can save between 25 and 50 percent on normal ticket prices. Rental car companies also offer concession rates to students.

Admission fees to museums and theatres are especially reduced for students, and even zoos like the Tierpark Hellabrunn in Munich and the Leipzig Zoo offer student rebates.

Students talking  © DAAD/Jan Zappner
Students exchanging tips . © DAAD/Jan Zappner

Lower your living expenses

Students frequently save money at stores and shops near the university. Some hairdressers offer special rates for students on "Student Days". Rebates are also available in the area of sports and fitness. For example, students can participate in the university sports programme at minimal or no cost, and even commercial fitness studios offer student rates. And if you enjoy reading newspapers and magazines, you can receive a reduced subscription rate by providing proof of enrolment. You can also save money if you want to open a bank account. Again, by presenting confirmation of enrolment, banks frequently waive the service charges for students.

Football fans have a reason to cheer; students can purchase cheap tickets to their team's home games, for example, the football club Alemannia Aachen.

Your student ID is the key

It almost always pays off to take your student ID with you wherever you go. Even if you don't see a reduced rate on the price chart, it never hurts to ask whether students are eligible for a concession. The International Student Identity Card is another way to save money when traveling abroad, purchasing plane tickets, booking overnight accommodation or shopping. Last but not least, members of certain student clubs are also entitled to rebates, but you generally have to pay a small membership fee first.

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