1 Apr 2017

Five Money Saving Tips For Students



I'd like to think I'm pretty good at saving my money. I really only buy clothes and makeup if I really need them and tend to wait until I have enough saved up to go on a shopping trip and even then I limit myself! Anyway, being a student is hard! It becomes so easy to regularly eat out with your friends and order things using Amazon Prime. So, here is some advice on how you can save some money!

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#1 Get a job
The easiest way to save money is by realising the value of money. When I started working part-time during college I really learnt about the value of money and how it felt to earn my own. By working part-time at college or university you'll be able to have a bit of extra cash to spend on yourself without having to get a loan or ask your parents.

#2 Open up a savings account
Speaking to some of my friends, it is shocking to see how many don't have a savings account! I opened one as soon as I got my first job and it helped me divide my 'spending money' from my 'life savings'. When I got paid I'd usually put 75% of the money into my savings and the rest would go into my current account, which I allowed myself to spend, responsibly of course.

#3 Only buy what you need
I know that this is easier said than done but it is so important if you want to save money. By only buying the bare necessities (i.e.: no random shopping trips, no eating out or takeaways, no buying drinks, no getting a new outfit 'just because') you can save so much money. Have some willpower and control your spending!

#4 Use discount and voucher apps
UNiDAYS is a great app for university students because you get a bunch of discount codes for so many places. If you do want to spend, you can save a couple of quid here and there if you use vouchers whenever you shop. I also recommend VoucherCloud, especially for restaurants. If you want to eat out for special occasions, you can use this app to generate a code and get some discount knocked off the bill!

#5 Use a money box
Okay so this is an old fashioned way of saving but hear me out... If you use a money box and put £1 a day for the entire college or university year, you'll have a bit of spending money to treat yourself at the end of it (or save it for your future!). It only really works if you control your other spending throughout the academic year so you can afford to splurge on a 'well done you survived' gift (anyone else do this?!)

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What are your money saving tactics?
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2 comments

  1. Some fab tips here! I've made sure I've been working when I'm home for Easter, Christmas and Summer and saving as much as I can! I have a little piggy bank I put some loose change in every now and then too!xx

    Lucy x | lucy-cole.co.uk

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    1. Thank you Lucy :) I'm glad I'm not the only one with a money box!! X

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