There are lots of ways to savvily save money as a student. Below are just some of the top ways to spend less at university.
Work out what funding you’re eligible for
The government and your university may be able to offer you various funding, depending on you and your parents’ income. This could include living grants and even perks such as a free laptop. Spend time researching this to find out what you are entitled to.
Find the right accommodation
A big expense for many students is accommodation. It’s important to not rush your search so that you can find accommodation that doesn’t charge extortionate rent and bills. Focus your search on student accommodation – this is accommodation that is aimed specifically at students and so will already be furnished and may have cheaper bills. Living with housemates/flatmates can often reduce costs.
Take advantage of student offers/discounts
There are likely to be lots of local student discounts – this could include various shops and bars. It’s worth also researching into national discounts and offers such as a student railcard or even discounts on gadgets and days out.
Buy used books and e-books
Your course may require you to buy a lot of your own books. Instead of buying books brand new, hunt for used books online – these will be a lot cheaper. You could also buy a tablet or e-reader and download e-books (these are much cheaper than physical books).
Make full use of campus free resources
Your university campus is likely to have many free resources that you can use. For instance, there’s likely no need to buy yourself a printer – many campus building will have printers that you can freely use. The library may also have books relevant to your course that you can rent out for free (you’ll have to be quick though, as many coursemates may have the same idea). Some colleges will also have free catering services, counselling services and IT support services that you can use.
Cook with your housemates
Food can be another big expense. There are lots of tricks for saving money on food, but one that is often underappreciated is cooking with housemates. This could allow you to bulk buy and share ingredients, which could save you all money. This does require a level of trust and you’ll need to be willing to decide on meals together. Try not to rely on too many unhealthy meals.
Make the most of predrinks
Drinking is a big part of university life for many people. It could also be where a lot of your money goes. Drink prices in bars are likely to be a lot more expensive than drinks from supermarkets. While it can be fun to go out to pubs and clubs, try to do most of your drinking before you go out. You could even get into a habit of leaving your card behind when you go out so that you’re forced to only spend a small amount in bars and clubs.
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