As you prepare to study at University for the first time, you’ll have to manage the responsibilities of paying for your accommodation, study materials and other essentials alongside your studies.
We’ve put together some top tips on how you can manage your finances, save money and help your money stretch further:
Creating a budget
Planning your food shop/cooking in bulk
Planning your meals for the week ahead and sticking to a shopping list when doing your weekly shop, will help you to only buy the things you need.
- Stock up on staples like pasta, canned vegetables and soups, as they have a longer shelf life. If you’ve got extra space in your freezer, try and cook in bulk and freeze leftovers whenever possible. Don’t forget to read any packaging to check if your food is suitable for freezing.
- Take a look at some student-friendly recipes for some inspiration!
Make the most of student discounts
Relish in your new student status and take advantage of the various discounts available to you throughout your studies.
- Sign up with UNiDAYS and TOTUM/NUS, who work in partnership with various brands to get you exclusive discounts on food, technology and more!
- Save money on travelling with a 18-25 or 26-30 railcard
Staying alert of scams
Keep an eye out for any scams, in the form of phishing emails and texts, event scams or discounts for paying fees.
Working during your studies
If you’d like to make some money alongside your studies, you may want to get a job that fits in with your schedule.
For International students:
Our article I’m on a Student visa, can I work while I’m studying? provides guidance for students on a Tier 4/ Student visa, looking to work while studying in the UK.
I’m having issues managing my money
If you are experiencing money difficulties, you should get in touch with one of our specialist Advisers who can provide you with free and confidential advice. For more information on how Advice and Guidance can support you during this period, take a look at our article Accessing Student Support & Wellbeing remotely.
Most importantly have fun! Take advantage of the fun (& free!) activities you can get (virtually!) involved in during the Welcome Period and beyond.
Important to know: For more tips on how to save money, take a look at 15 ways to make your money stretch further from Save the Student.
Extra support & advice
- The Money & Housing Advice team have also produced a video series on Financial Wellbeing which you may find very helpful, which includes topics on where your money goes, how to budget and funding studies on health/clinical courses.