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Money matters! handy penny pinching

Know what it’s like to have money worries! Here are my top tips for handling the wonder that is student finance:

Books
Did you know that HMV vouchers can also be used at Waterstones? So if you’ve already downloaded all the music you need from iTunes, use them to get books for the new term! You will also find that a lot of students from the previous year try to sell their books on at a cheaper rate. This is good providing the books haven’t been updated so always be careful, as you may be missing out.

Food
A great way to budget for food is to go the supermarket and buy a week’s shopping. Keep the receipt or remember the total cost. You can then calculate how much you will need for the month. If you’re parents are helping you; ask them to give you vouchers for your local supermarket instead of cash, that way, you will always have money for food and won’t spend their cash on booze!

Night out
Student nights are always popular as they offer cheap drinks and/or cheap entry to the clubs; however, as these nights out are nearly always on a weekday, you may want to go out on a regular Friday or Saturday which are a lot more expensive! If this is the case, decide in advance where you want to go and do a bit of research. Visit the bar or club’s website if it has one; sometimes they provide ‘e-flyers’ that you can print off entitling you to good deals i.e. a free drink or free entry. Alternatively, telephone the venue and ask to be added to their VIP or guestlist, as this may offer a cheap night out too. Remember, clubs and bars need to promote themselves somehow.

Transport
If your university has many campuses, it is likely there is a free bus service. Use this service whenever possible, even when you’re not intending to travel to another campus but to the shops instead if they are en route. With this in mind, try not to travel on a Saturday or Sunday as usually the bus service only operates Monday to Friday. Unfortunately, the price of public transport has increased and because of this, London is now the most expensive city in the world. So if you’re a student in London, remember to purchase an Oyster Card.

Part-time work
Even if you feel your loan is enough to rely on, I would recommend getting a part-time job. Even if it is just a few hours a week, it is not only a great source of beer money but a chance to meet some new people other than those at uni. It takes you out of the ‘bubble’ of student life for a change and provides a glimpse of life in the real world! Remember not to get too carried away though, even if you do enjoy your job and to keep your hours limited to suit you so you still have the time to study. Most universities have a careers office or website you can visit to find ideal student jobs. Some universities even employ students themselves.

A treat
When budgeting, always save that little bit extra to treat yourselves once in a while; even if it’s a new CD, DVD, Playstation game or new outfit! Even guys need retail therapy! We’re hardworking students and need rewarding every now and again! However, don’t forget your loved ones too. This money can also be used to buy gifts and cards for occasions such as Christmas and birthdays!

Most shops offer a student discount and so it is always worth asking, whenever you buy ANYTHING, ANYWHERE…..and don’t forget to shop online for cheap deals too!







Good luck and stay happy!


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jas
jas

just wanted to add - on the food point, get a nectar card and a club card and any points-card you can for any shop you go to regularly, when you're at the end of your budget and vouchers come in the post you'll be thankful!

Stay friend with many! You never know they may offer you dinner!!

Good article, thanks for the info!

thanx for the info i was fretting before and am scared of getting into debt, but at the moment i am practising budgeting so i will be a pro at uni!

thanx for the info i was fretting before and am scared of getting into debt, but at the moment i am practising budgeting so i will be a pro at uni!

thanx for the tips. ive been living on short budget all my life but im thinking of treating myself with something big so ill have to live on small pockets throughout my first year of uni. any pointers about that?