Do some research:
First of all, you should do some research and make a list of the activities that do not require significant amount of money. Ask your friends, join different activity clubs, browse internet for this purpose. The best thing you can do is to look for the activities in your area as you can save the traveling cost which ultimately will reduce the overall cost of the adventure.
Ask your friends to share:
Another technique to have fun despite of the small budget is to share cost with friends. Make a group of friends who want to try something new. Calculate the expected cost and then distribute the expenditures equally. This will reduce the load on your pocket and everyone will manage to pay for the venture.
Look for special discounts:
You must know that almost every hotel, restaurant or traveling company offers special discounts for students. You should contact the relevant person and ask for the details. Even if they do not have any special offer, try to persuade by giving them some business. For example, if you are planning to stay somewhere in a hotel then ask the manager for discount by telling him the prices of his competitors.
Make reservations well ahead of time:
Another trick to reduce the cost is to make reservations in advance. No matter you are attending a music concert, traveling by road or staying in hotel, this trick always works. You can save a lot of money by calling the relevant person well in advance. However, you must have perfect planning as it will be difficult to make changes later on.
Look for free events:
Many business organisations arrange street fairs or fun festivals where you do not need any ticket to participate. You should keep your eyes open to notice such activities.