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Tuesday 30 May 2017
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How to Save Money as a Student

Saving money as a student is very very important. Throughout the year you may hbe hit with new things that you need to save money for; be it your student loan or just having to save money to buy food, you will always need to save money as a student. We’ve compiled the very best in money saving tips for students to help you save money! Check them out below.

Get Used to Bargains:

Feeding yourself is a very difficult thing to do, especially when you’re studying at university. In fact, you’ll very soon notice that you need to do almost all of this on a very small budget indeed. It doesn’t really matter how much money you think that you can waste each week, you will need to be keeping your money saved up. The cheaper the meals that you find in your local shops does not necessarily indicate quality. Just because a meal can cost £4 more than another one doesn’t mean that it tastes any better than a cheaper alternative, the main reason for the high mark-ups on a lot of food is because of the cost of assembly or because of the price of the ingredients that have been used inside it. You should really look into the possibility of healthy eating at university too.

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Set a Budget and Stay with It

One thing that most students struggle to do is budget, especially when everything that you have around you looks so enticing and inviting. You’ll need to start thinking about all of the things that you need, the essentials if you will, depending on how you’ve worked out your budget think about what you need, like whether or no you’ll be budgeting weekly or monthly and then think about just how much they cost. Your budget should be small and should never exceed more than a set amount. If you keep adding to the budget then you will be tempted to start spending beyond your means and then you’ll develop very expensive tastes.

Sales are the Way to Go:

There are plenty of different shops that are out there and they will all have sales on at some point in time and these shops are the very best places for you to go to! Whether you’re doing your usual food shopping or you’re just looking for room decorations or maybe you’re doing some clothes shopping, we will always recommend that you look into sales first, even if you’re only getting 5% off, this is still money that will need to be saved! It may not even look like a lot, you might only be seeing £20 go down to £19, but that is still money that you’ve saved.

Coupons and Vouchers Galore:

Vouchers and coupons will help you save money. There are plenty of different websites and apps that offer some sort of student discount, or they offer something like vouchers for money off in restaurants or coupons that will give you money off in store. The more money that you can save the better it will be, this can also help your budget as you now have money that can roll over into next week. Just make sure that you have some sort of identification that says that you are a student and you’ll be able to save money easily.

Don’t Shop Hungry:

It can seem weird to be told no to shop hungry, but it really is a useful tip. The more you shop the more you want to buy, it’s quite simple. However if you go to the shop and start doing your shopping hungry then you’re going to start seeing everything as a potential purchase whether it is or no. When you shop hungry you will start buying everything that looks hungry and it will wildly throw off your budget and your less likely to make impulse, stomach influenced purchases when you’re hungry.

To find out more about university, then check out University Compare, a university comparison website that compares over 36,000 courses across 425 institutes and get a detailed look at the best universities in the UK in an interactive map.

Thanks for reading and good luck!




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