Between student loan payments, food shopping and socialising, managing your money as a student can be a challenge, especially when it comes to saving. That’s why we’ve put together our top tips and tricks for ways to save.
BE SENSIBLE WITH YOUR SHOPPING
Food shopping is likely to be one of your bigger expenses and it’s one you’ll have to fork out for on a weekly basis so it’s important that you’re smart about it.
Supermarkets like Aldi and Lidl are renowned for their low prices so, if you don’t already, it might be worth doing some research and making the switch.
Three tips for smart food shopping:
- Don’t go shopping while you’re hungry. Eat before you go.
- Plan your meals and buy what you need to make them, rather than just buying whatever you fancy when you’re in the shop.
- Go shopping towards the end of the day, as supermarkets reduce items near to closing time.
Once you’ve got the ingredients, batch cooking meals is another great way to save. Things like lasagne, curry and shepherd’s pie are all super easy to make multiple portions of and having them in the freezer as backups will save you from spending on takeaways and other impromptu meals.
MAKE THE MOST OF STUDENT DISCOUNT
A TOTUM Card will get you discounts across the city as well as online, from popular restaurants to clothing shops. You can find out more about them and how they can help you save here.
This might seem like an obvious point but keeping an eye on your spending is a sure-fire way to save. Once you start noticing patterns in your outgoings, it’ll be a lot easier to know where to cut back or where you can afford to spend a bit more.
SET UP A SAVINGS ACCOUNT
It’s a good idea to set up a savings account for things like cars, house maintenance or any other unexpected costs that might pop up during your time at University. Once you have one, set up a direct debit that sends money to it whenever you get paid. You’ll soon forget you even had the money to spend in the first place, and you’ll be racking up the savings in no time.