Debt Advisory Line has created some simple but effective money saving advice to help students save some much needed cash, whilst still living student life to the full:
• Check what you’re entitled to – see if you are eligible for a student grant – not as common as they used to be but are still a huge help to students from low-income families.
• Go second hand – don’t stump up the full price if you can get the same thing in good condition second hand. For example, buying used textbooks can make great savings and you can also buy and sell privately, bypassing any used-bookstore fees.
• Always ask for student discount – By paying £10 for an ‘NUS Extra’ card, students can save 5% off book orders through Amazon, as well as reductions and discounts at various high-street retailers.
• It’s a hard one but try not to use overdrafts or credit cards – living on borrowed credit can leave you with high usage charges and interest rates, which will only exasperate your financial problems.
• Save on Rent - Living in student halls can be a lot of fun, but it can also be expensive. It can be Beneficial for the first year to find your feet; however other options are available thereafter. If living at home is an option this can save a lot of money.
• Share petrol – lift sharing instantly cuts your fuel costs, so why not offer to share lifts with friends who are from the same area as you when driving home for the weekend or holidays.
• Food - When shopping, go for supermarket own brands instead of pricey premium branded products. Don’t forget to make a list too! If you know what you need and stick to it, you will save money. Look out for offers with three for twos saving you multiple trips and money and cook meals in bulk and freeze portions so you always have something in to eat. This will save you time and money.