Starting a new semester often feels like living the “soft life” as a student—you’re stocked up on food, your provisions are in check, and your wallet actually has some cash. But, come mid-semester, the funds seem to disappear, and you’re calling home or borrowing from friends to get by. Like many students, you might find yourself broke, counting down the days until you can head home for a top-up.

It’s a scenario that many students know all too well. But with the right money habits and financial tools, you can avoid falling into this broke cycle every semester. To help you stay financially secure throughout the school year, here are five ways to avoid being broke in school with the Bankly app.

1. Set Aside a "Semester Fund" with Bankly's Individual Savings:

As a student, managing money can be tough, especially when unexpected expenses pop up. Bankly's Individual Savings feature lets you set aside a portion of your allowance specifically for those “broke” weeks. With a 12% interest rate, your savings can grow, giving you some extra cash for things like snacks during study sessions or last-minute supplies when exams are near.

2. Share Expenses with Friends Using Bankly’s Group Savings:

As a student, it’s common to feel the pinch when paying for regular expenses like rent, utilities, or groceries. However, sharing these costs with friends in school can make your money go further. With Bankly’s Group Savings feature, you and your friends can save together for common expenses, earning 15% interest on your collective savings. This way, you not only split costs but also watch your savings grow.

3. Save on Bills with the Bankly “Betta Life” Credit:

As a student, bills can quickly eat into your budget, from paying for airtime to data for assignments. But with the Bankly app’s “Betta Life” Credit feature, you can save up to 2% on every bill payment. Whether it’s airtime, data, or utility bills, these small savings add up and help you avoid being broke in school.

4. Lock in Extra Funds with Bankly InvestPro to Avoid Being Broke in School:

If you’ve got extra funds—like rent money you have been paid off-front, or savings set aside for the future—putting them in Bankly InvestPro can help you make the most of your money. Rather than letting your cash sit idle and tempt you to spend it, InvestPro offers a 35% interest on your first deposit when you lock it in for at least 90 days. This feature is a great way to earn more from the money you already have and avoid being broke during the semester.

5. Earn Extra Cash with Bankly’s Referral Bonus to Stay Financially Secure in School:

One of the best ways to avoid being broke in school is to have a steady source of income. Bankly’s Referral Bonus feature offers an easy way for students to make extra cash on the side. Simply refer friends to the Bankly app, and you’ll earn N500 for each person who signs up and completes their first transaction. There’s no limit to how many referrals you can make—some students earn over 100k a month just by sharing Bankly with others!

Take Control of Your Finances with Bankly

Being a student doesn’t have to mean living paycheck to paycheck or struggling with financial stress. With the right tools like the Bankly app, you can easily save, manage, and even grow your money while avoiding the “broke” cycle. Whether it’s setting aside a semester fund, saving with friends, or earning extra cash through referrals, Bankly makes it simple to stay on top of your finances.

Don’t wait until the middle of the semester to wish you had a financial plan. Download the Bankly app today and start managing your money smarter—so you can focus on your studies and enjoy the “soft life” all year long!