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6 Top Money Tips That Every Student Should Know

money saving tips for studentsEveryone knows the money issues involved with being a student. The wait between January’s student loan and the student loan at Easter can seem like years! We know, because we’ve been there too. That’s why we’ve put together some amazing money saving tips to help students budget, save, and spend wisely.

 

  1. Stock up on Freebies

Save the student put together an amazing list of free things you can get as a student. These are useful things you might not have known about, and perfect to stock up on so that you can use your money elsewhere.

 

  1. Buy Food in the reduced section and freeze

If you have a freezer at home or at your student accommodation, this method can help save £’s off your food shopping. Nearly all big supermarkets have a reduced section, where food can be bought for pennies as the best before date is fast approaching. Buy food like ready meals and other refrigerated snacks and freeze them when you get home. That way you save money, and they last longer. Note: the best time to shop for reduced products is after 6pm on weekdays.

 

  1. Have a “No-spend” day each week

Dedicate one day of the week to “no spending”. Whether you’re planning to stay at home that day anyway, or if you are out and about, try to commit to not spending any money on that day. Eat home cooked food, skip on the starbucks, and walk instead of getting public transport or ubers.

 

  1. Utilise your student discounts

Many students simply don’t realise how much you can save by being a student. Whether it’s a % discount in your favourite store, or a free cheeseburger at McDonalds. Check with staff about student discounts everywhere you shop. If an online retailer doesn’t do student discounts, have a look on google for other discounts or vouchers they might have running before you hit the checkout button.

 

  1. Unsubscribe from small direct debits

Subscription fees to things like Apps, Spotify, Netflix or magazines may seem small in the grand scheme of things, but they can quickly add up. Cancelling subscriptions to services you no longer use can make a nice difference to your budget each month.

 

  1. Get a 3-year railcard when you’re 24.

To save on train fares for as long as possible, simply buy or renew a 3-year 16–25 railcard before your 24th birthday to get a third off rail fares until you’re 27.

 

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