Note: This is not what I mean when I say “portfolio diversification.”
The eternal student problem. So much to do, lots of time to do it, but NO MONEY!
When funds are low but the shopping hormones are running wild, there may come a point where you think you can pinch a few pennies on the essentials by putting on your DIY hat and having a go at making things yourself. But exactly what are these things? Are your cost-saving ideas actually wasting you money ( or borderline psychotic)? This blogger investigates…
Student item no. 1: Bread
To bake, to buy or to buy a bread maker?
This very much depends on how much bread you consume and how picky you are with your yeast ball eating habits. On a scale of 0-10, 0 being ‘you never eat bread’ and 10 being ‘I can eat a loaf or more a day’, where do you lie on the spectrum? According to About.com, making your own loaf is around US$1.50. Not bad!
If you think it’s too much of a hassle, try getting a bread maker, they come at around US$70 according to a quick Google search.
If you eat a loaf a day, that’s $1.50 x 365= $547.50 (+$70 for the bread maker)
=$617.50. Now /365 again to get your average loaf cost
=$1.69 a day for a nice loaf of bread
Verdict: MAKE IT (Only if you’re a 7 or above and can’t eat super cheap bread though).
Student item no.2: Beer
Still look as refreshing?
I have known many (usually male) students that have attempted to make their own brew. The ‘ingenious’ idea to do so usually comes at about 5am after a night out drinking delicious professionally-brewed beer. “How hard can it be?” they’d wonder… stumbling around the corridor, “it’s just a bit of malt, yeast, errr water and… that’s about it, right? We could save like…. LOADS !!”
If copious amounts of beer is part of your daily student diet, then I can see why you’d attempt this. But for the average consumer, it just seems more effort than it’s worth. Plus, what are you going to cook with if you’re using up the biggest pot?
Fellow blogger Mansoor says, “I tried making my own beer once. It stunk up the whole house and it tasted like sick. Just don’t.”
VERDICT: With beer costing less than water in some countries, I’d say BUY IT. But if you’d like to give it a go just for giggles, knock yourself out.



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