Saving money as a student Money and Finance

Saving money when you’re a student

Looking to become the expert in saving money when you’re a student? You’ve come to the right place. As a student, it can be extremely difficult saving money. With maintenance grants gone and tuition fees rising to over £9,000, it’s getting harder and harder for students to make ends meet while at university. We’ve put together some top tips to help you save money!

1. Get an Totum Apprentice card

This is an easy one, you can save a ridiculous amount of money with discounts from your favourite high street brands, theme parks, restaurants and many more. Get yours now!

2. Choose your bank account carefully

Look out for money saving features that banks can offer you. Don’t be tricked by the shiny freebies they offer to try and entice you. Go for a bank based on its qualities such as interest free borrowing.

3. Check your statements

Keep up to date with your spending and avoid going overdrawn. This can also help you find any transaction that could be fraudulent.

4. Budget

Make a budget of all your incomings and outgoings, then see what’s left over and allow yourself a small amount of that to treat yourself, if you’ve got any left over then it’s a bonus and you can add it to your savings.

5. Save money on the shopping

Don’t ever go to the shops on an empty stomach, we can guarantee you’ll end up buying any food in sight. Also, if you’re trying to save money buy value products these are a lot cheaper than branded products and you might find they aren’t so bad after all. Another tip for food shopping is to go at the end of the day (once you’ve had a good meal to fill you up of course). If you go towards the end of the day things that are going out of date are discounted and you can always freeze certain things such as bread.

6. Friends that cook together stick together

Plan your meals for the week and cook together this will prevent buying sandwiches from the shops or going out for tea.

7. Recycle books

Need a book for university? Check online for second hand ones or sell your own ones once they are no longer of use to you.

There you have it, seven simple tips that are bound to save you money!

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