Student news article
When that Student Finance text comes through and you suddenly become richer than you’ve ever been, remember that this healthy lump sum has to last you the term and probably shouldn’t disappear by the end of the first week. Here are some tips on how to make it stretch.
Plan a budget
It sounds a bit boring but it is necessary! State what you want to achieve e.g. ‘I want to buy a camera’, ‘I need to save for a holiday’ or simply ‘I need to survive the term’. This should motivate you to stick to your budget. Then create a ‘spending table’ (a bit like a study timetable), which will include what you want to spend during the week on coffees, lunch, nights out etc.
Also try www.blackbuillion.com - a website which is geared towards helping students save money and budget effectively.
Maybe stiff budgeting isn’t for you and you just like to spend money. In that case, there are plenty of part-time job opportunities at your disposal. The Careers Service is a great place to get advice, get your CV checked and find out what vacancies are available.
Cooking and groceries
Takeaways are great – convenient and hassle-free. However, when purchased too often, they tend to contribute a significant amount to your expenses and this doesn’t need to be the case. Buying groceries that crossover for different recipes; purchasing cheap fruit and veg from Lewisham or Deptford market; and cooking more food than you need (then freezing the excess), cuts costs and saves you money. Speaking of saving money…
It can be quite easy to spend more than you need to. If you use a contactless card for travel, why not get an 18+ oyster instead, which entitles you to 30% off travel? Students can also get exclusive discounts through the UNiDAYS app and with an NUS student card, saving money on things like clothes, subscriptions, food and laptops. You can also get an ISIC card which allows you to get student discounts in other countries.
Freebies and discounts
Did somebody say free stuff?! Always keep your eyes peeled for ‘free-for-students’ deals. For example, there are often club nights where students get free entry. Southbank Centre has an under-30s ticket scheme, which allows free (or cheap) entry to events. There’s even a Facebook page where you can get free stuff. Who knew?!