How to save money as a student
How to save money as a student
Saving money during student life is a good way to prepare you for the future. Students often have a limited income, so it’s important to make the most of every penny. Living expenses can be quite high, especially in big cities like London, so having money management skills is important. Here are some tips below to help you save money as a student.
Start a Part-Time Job
Not only does this tip help you to make money but also encourages you to save money. It can speed up your savings journey, and you can spend on things you want without overthinking.
Get to Know Your Surroundings
If you're not familiar with the town or city you live in, saving money as a student would be difficult.
ÌìÃÀÓ°ÊÓ the city as a student to locate establishments that provide discounts to students or that have lower prices on goods and services. Additionally, you can look up city guides and advice on the university website for discounts also.
Traveling
Traveling in the UK can get very expensive, and students are encouraged to look for student discounts. Here in High Wycombe, you have most things you would need – from arcades to parks. But as London is not too far lots of students like to travel there too, so don’t forget your railcard. It is only about £30 for a which saves you a third on most journeys.
Budgeting
Have you heard about the 50/30/20 rule? You divide your income into three parts: 50% for needs, 30% for wants and 20% to savings/emergencies. This will stop you from overspending on nights out or shopping and help you handle your money more carefully if you are reaching your limits. Saving small amounts can seem like there is no point but if you save £10 every month, it will be £120 by the end of the year!
Collect Loyalty Reward Points
To receive exclusive offers and exclusive discounts, sign up for the rewards programmes offered by many brands and retailers. You may earn loyalty points and receive exclusive discounts by enrolling in free membership programmes offered by most UK retailers, including Tesco, Morrisons, Co-op, Sainsbury's and Boots. Even better, some places allow you to exchange your points for real money to spend. A fantastic method to earn money is through loyalty programmes.
Get expensive software for free
BNU provide free software for you as a student, so ask you lecturers or IT to ensure that you have access to and have received all those perks. As well as the student deals mentioned above, Buckinghamshire New University provides free software for lots of courses with AppsAnywhere. Including Adobe Creative Cloud, Davinci Resolve, Cygwin and much more.
Student Deals
Apart from discount cards like , there are also many apps like and .
These sites can help you save a lot of money and don't be afraid to ask for a student discount in stores as most companies do it. I know it can be a bit awkward, but you just need your student ID and they can usually give you up to 10% off! Some places that offer student discounts are: ASOS 10%, New Look 10%, Warehouse 20%, Co-op 10%, Benefit 10%, The Body Shop 15%, The Fragrance Shop 15%, Amazon Prime free 6 months, free Microsoft Office 365, one year free Deliveroo and 35% off £25 on Domino’s. There also many more.
Some places that offer student discounts are: ASOS 10%, New Look 10%, Warehouse 20%, Co-op 10%, Benefit 10%, The Body Shop 15%, The Fragrance Shop 15%, Amazon Prime free for 6 months, free Microsoft Office 365, one year free Deliveroo and 35% off £25 on Domino's. There are also many more!
Food
Our Students' Union offers free hot food to the BNU community. The is a project derived from the cost-of-living campaign, tackling food poverty within the community at BNU. Between 5:30pm-7:30pm on Tuesdays and Thursdays and 6:30pm-8:30pm on Sundays, the provides free meals. Greatly reducing the need to cook and saving you so much money.
As well as that, there are a range of cheaper shops like Aldi or Lidl, where most students shop to save money compared to Tesco or Sainsbury's. Since most things are in family packs, it is easier to cook or shop together with your flat mates, so you don't have to throw anything away because it has gone bad.
Free software
As well as the student deals mentioned above, Buckinghamshire New University provides free software for lots of courses with AppsAnywhere. Including Adobe Creative Cloud, Davinci Resolve, Cygwin and much more.
Money can be a big worry for many people coming to university, thankfully there are many ways to save money as a student.
Overall, there are loads of deals and discounts available, you just need to look for them!
