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In today’s world, we spend a lot of time throwing money away on trivialities and with the rising cost of living, our bank accounts can easily diminish, and even more so when you are a student. Holding onto our money is key to ensure we are living comfortably and if we are studying there will be plenty of other costs to look out for whilst doing so. It’s important to still be able to enjoy those little treats and maintain a social life. You may be spending money in ways you don’t need to so reassessing is going to be key. Look at your finances and first make a list of everything that leaves your bank account. Use apps to help you track.
1. Look at your phone and internet provider. Are there any ways to change your provider to get a deal that is perfect for you and where you don’t end up with lots of extra costs. It’s worth researching into companies that can make life much easier!
2. Look at your subscriptions. Do you really need a magazine or monthly box subscription? How many do you have and what are you paying into that you really don’t need to? Cut back on those unwanted direct debits to keep a few more pennies in the bank.
3. Keep your diary less full. Be a little more sensible when it comes to spending money and going out too often and instead look at socialising in different ways that doesn’t necessarily involve money.
4. Use less energy and go green! This may seem like a difficult task but everyone can make a difference even if they are living in student accommodation. Look at recycling, cycling to work, buying used clothes and generally not using as much power and water. This can make a huge difference. Don’t leave lights on you don’t need to, take showers instead of baths, don’t boil your kettle often, and generally become a little more self-sufficient which is going to keep costs down!
5. Look into accommodation – it’s good to have great accommodation when you’re studying but you need to be sensible especially if you’re studying in an expensive city. You can find out more information on student accommodation.
6. Eat smart. By eating more fruits and veg, you can probably help cut down the costs of lengthy supermarket shopping bills. Go to a local market where you can be plentiful with your purchases and buy frozen, or tinned – they can be just as healthy for you too!
7. Get active. Buy a bike or walk and don’t rely on your car or even public transport. Get out into the world the natural way and enjoy the wonders of exercise. It’s both economical and healthy and will save you quite a lot of money per month on either petrol or bus and train tickets.
8. Grab a loyalty card! A lot of shops now offer this to their customers and it will assist if you love to grab a coffee or shop at the same place every week. Be smart!
