The first step of basic investing is reducing consumption and saving money. However, you don't have to be a miser. Wise spending is the best way to reduce consumption.

 Many university students have little experience in investing. A little effort in daily life, however, can be the investment, such as using coupon books to be more frugal. You can practice investing easily through the Internet. Why don't you try Social commerce? Social commerce is a form of business that grafts commercial transactions on to social media sites such as Twitter, Facebook and so on. Social commerce is a marketing strategy that sells various products or services like restaurants, performances or travel coupons at half price on group purchase shopping malls. Social commerce sites such as 'www.ticketmonster.co.kr', 'www.dailypick.co.kr', 'www.onedayplace.com' are already popular in our country.

 If you have indiscriminate spending because of irrational consumption, I recommend to use check cards because there is no danger of excessive spending. The check card is popular because its income tax deduction rate is raised to about 25%. It is higher than a credit card's income tax deduction rate(20%). Other than that, there are no other differences between check cards and credit cards.

 Today, card companies are launching a new card which is targeting university students. They discount tuition for language schools and fees of TOEIC exams for students who take exams frequently. Also, new check cards are being released that are geared toward each university. They offer discounted price at many places such as bookstores, movie theaters, coffee shops, amusement parks, family restaurants and so on. Because of this, often students can cut down their expenses when they use those check cards.

 In the case of students who don't have regular income, they can practice investing through 'Point tech'. Point tech is a neologism that combines 'point' with 'investment technique'. It means consumption using accumulated points out of card use. Today's card industries tend to expand point systems because consumers' point usage is increasing dramatically. As a result, Internet shopping malls, which managed by the card companies, are one of the places people increasingly and easily use their points.

 It is not easy to make various investments for students because most students don't have enough money. In that case, looking for complex financial products is a good way. One typical complex financial product is variable life insurance. Diverse life insurance is a financial product combining a fund with insurance. It spends part of the insurance premium on preparing for emergencies and the rest on investing like an installment fund. It makes a profit by investing in stocks or bonds, and the returns of the investment go back to the insured. It can hit two birds with one stone.

 Most students think investing is difficult and complex. However, you can practice investing in your daily life. I is somehow hectic because books and information regarding  investments and various financial products are pouring out into the market. You should learn  investment techniques step by step through practicing in daily. That is a way of becoming a savvy student.