Student Money Saving Tips

Budget your finances

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Budgeting is the best way to manage your finances. You can then see where you are spending too much money and where there is more room for you to spend.

You’ll need to budget for things like rent, phone, internet, and regular transportation. Budget for essentials, food and course books. For information on Student Accommodation Leicester, visit https://www.westmanorstudentliving.co.uk

You can spend or save any money left over after you have calculated your expenses.

Download a Finance App

There are many different types of finance and budgeting applications, so you can choose the one that’s right for you.

They can help you plan your budget and also set spending limits in different categories. You can even automatically save spare change.

Shop smartly at the supermarket

Food is probably your second largest expense at university, after rent. There are many ways to save money at the supermarket.

  • Learn to cook. The ingredients are cheaper than ready-made meals, takeaways and sandwiches from the supermarket. There are many resources on the internet that offer cheap and easy recipes for you to try. You can also prepare meals ahead of time to bring with you on a busy day.
  • Shop for a large amount of food each week. You will learn to plan your weekly meals and snacks and you can avoid overspending.
  • Shop for food at the end of the day. Bread, for example, is often reduced because it can’t sell as fresh the following day.
  • Shop for the supermarket’s own brand as they are usually cheaper.

Student Discounts

There are student discounts everywhere. Get student discount cards, which will give you thousands of discounts for everything from clothing and food to travel and beauty products.

Asking for a discount at the checkout is not a bad idea. They may not advertise it, but they are more than likely to give you a 10% discount. This will only require your standard student card.