Top 10 Money Saving Tips for Students

Whether it’s your first week as a fresher or you’re in the 2nd or 3rd year of university, somehow you always end up running out of money. We have put together the top 10 money saving tips for you to look out for while you study:

1) Freshers Week

Fresher’s week; avoid extravagant spending to leave you some money to celebrate at the end of term. Its easy to spend large amounts during this period so look out for house parties to pre drink and guest list to clubs to avoid the entrance fee and also skip the queue. It doesn’t sound like much but over the course of freshers week, this can soon add up.

2) Sharing Food

Food shopping can be expensive on your own. If your house sharing which you most likely will be, look to budget as a group and cook together. You will save so much money and often have enough for the days ahead.

3) Student Discounts

Student discount is available on just about everything. Look out for big discounts from your favourite restaurant chains. Some of the most recognised clothes stores also offer great promotions for students. There are discounts at cinemas, bars and many more places, so keep your eyes peeled.

4) All-inclusive Accommodation

Choosing all-inclusive accommodation to cover your bills and utilities is a great option. No arguing between friends, you know exactly how much you are paying each month allowing you to budget for the year.

5) Travel

Travelling can be a big expense for students. Travelling home at weekends or going to see friends in different cities in the car or train is expensive. Car share whenever you can, it’s a great way to save money and split the cost. There is also the 16-25 national railcard that you can get up to a third off rail fares which is great when travelling home to see family.

6) Sell Your Unwanted Items

Often you can gather lots of junk while at university. Rather than binning them all, look to sell your old textbooks online or even your old clothes. You’d be surprised how much money you can make if you sell your old possessions online.

7) Money Saving Apps

Look out for apps and websites relating to student savings. You can often find discount codes and deals daily. Certainly worth looking into if you have a spare 5 minutes. These websites will also offer extensive budgeting tips on just about everything you need to know.

8) Non-Branded

These days, non-branded items are as popular as branded. They might not seem as glamourous but they offer great value and a lot of the time you can’t tell the difference anyway. Avoiding the branded items, especially in supermarkets can give you big savings.

9) Side-Line Jobs

Try and get paid while you’re studying. We don’t mean you have to get a part time job, but look out for online surveys for market research or focus groups which you can often get paid for. You could even get vouchers instead for some of your favourite shops. Certainly a nice bonus while you’re studying.

10) Pre-Drinks

Last but not least, pre drinks. All students do this and it’s a great way to save money. Get your group together, decide on what you want and there are big savings to be had. You’ll save money before going out to the bars and you can actually choose the music you like before you head out, rather than having to listen to the cheesy classics.

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