If you are a student in modern times, then you will know the struggle of budgeting money; forking money for student textbooks, living accommodation, and food etc is just the tip of the iceberg. It is said that the average student will have £46,884 worth of debt to their name once they finish their degree – a shocking amount. It is important to scrimp and budget in any way you can to save money. If you need to organise your accommodation, then you will want to check out Cheltenham Student accommodation Cheltenham way, or student accommodation near you for a clean and roomy living space. Here are some money-saving hacks if you are a university student.
Budget your finances
This may seem pretty boring, but this is vital if you move away for university; money is important, and it’s what will help you to survive your uni years. Create a spreadsheet on your computer of all of your finances; if you’re not sure on how to do this, then you could ask a parent or a friend. You will need to note down all of your outgoings, your weekly shopping budget, and if you get money from your parents or have a part-time job, then you will need to include your monthly earnings; this will show you how much money you will have left – you will not want to go into your overdraft. If your financial situation changes, make sure to fill out a FAFSA every year, this could really save you a lot of money. Always keep an eye out for cheaper mobile phone contracts or bill payments; companies will tend to rip off many students without them knowing.
Be a Savvy Shopper
If you need to buy textbooks, why not look on eBay, or go to a second-hand book store nearby, there is a good chance that you will find your textbooks at a fraction of the cost if you were to buy new. If you need new clothing, look in charity shops, as they usually have lots of great finds that are new. Make sure to buy a ‘Totem’ student discount card; this will give you a range of discounts at a variety of places. There are also Facebook groups that post online store discounts and coupon codes just for students – this could save you a bomb. For food shopping, places like Aldi, or Lidl is the best option; their food is of great quality but at a cheaper price. Make sure not to keep buying food every day from your local shop, why not set yourself a meal plan, or just simply make your own sandwiches for lunch?
Use Your Common Sense
If you are strapped for cash but want to have a fun night out, then why not have a party at your flat, and buy drinks from a supermarket? A lot of student events and parties will most likely try to rip you off and make as much money as possible. Drinks tend to be expensive in clubs, so make sure to buy your drinks from supermarkets, and then drink them beforehand.