Produced by Simon Roberts
Here are just a few tips to help you save money while at university; you will be surprised what can help:
- Shop around, don’t just go to one supermarket/shop
- Make a budget and stick to it. Include money for emergencies
- Draw out money each week and have that as the only money you can spend
- If you shop in a particular shop regularly, get their loyalty card- this will save you money
- Go for the best value for money, but not necessarily the cheapest
- Only take cash on a night out, leave your card at home
- Research banks, with some there’s a thing call “save the change”. It rounds payments to the nearest pound and it transfers the difference to your saving account
- If you live with people, shop and cook together when you can. It’s often cheaper and easier to get a large pack of something than to get lots of individual size packs
- Buy all toiletries from the pound shop (there still the branded stuff)
- Use compare websites to find best deals on food shops or any big purchases
- Keep an eye out for whatever student discounts are around
- If you insist on attending a gym then Sport BU offer a very good membership rate to all students
- Invest in travel cards
- Work where you shop then get staff discount
- Drink before you leave the house on a night out (not too much of course)
- Skype people instead of calling them- this makes it more personal too
- Get help with health costs – students are entitled to some help with paying for prescriptions and dental care, so check it out
- Avoid credit and store cards – this is only bound to build debt
- Make sure your washing is a full load every time
- Take packed lunches to Uni
- Make presents and cards instead of buying them
- Try not to impulse buy – this is harder than you think
- Check your bank balances regularly; this will make you realise how much you are spending and allow you to budget
- Get your hair cut at a beauty college not an expensive salon
- Share lifts and taxis when you go out
I hope this list helps to save you some money, also, don’t forget to check if you’re eligible for any grants or bursaries.