1. Be Careful With Your Overdraft.
Having an overdraft can be a real lifesaver. It can help you
at times when you are struggling financially, as sometimes just that extra little
bit of cash can be beneficial. However, it should be stressed that an overdraft
is something you should approach with caution. Make sure you know what charges
apply when you use your overdraft. Make sure you search around for good student
bank account deals as well, you might be able to find a decent sized overdraft
that comes without the dangerous charges.
2. Don't Eat Out Too Often.
Eating in restaurants or other places around your local
area, or even making use of the nearby fast-food options can be hard to resist;
not only is it so easy, it's so tasty as well. While eating out or ordering
take-ways is fine to do on occasion, you should definitely be cautious about
doing this regularly. Not only could your health be negatively affected, but
the costs of eating like this will quickly mount-up, too.
3. Cook Your own Meals.
Following on logically from the previous point, cooking your
own meals is a recommended way for making better use of your money as a
student. Hopefully many of you are already doing this or plan to. If not, be
mindful of how cooking your own meals can help you to manage your money for the
better. It can also be fun, healthy and great tasting!
4. Switch Off Lights Where Possible.
All of us have left the lights on when we do not need them.
It could be when we exit a room and forget, or when we’re just to lazy to turn
them off. Making yourself aware of when lights are on unnecessarily and
flicking the switch to off, can actually make an improvement to your student
cash flow. Cutting down on energy usage in this way is good for the
environment, too.
5. Be Careful With the Heating.
Similar to the previous tip, cutting down on your heating
bills is also going to help you reduce your financial outgoings whilst
benefiting the environment as well. You may think that employing this financial
tip is not going to be easy, but you may surprise yourself when you realise how
many times you can cope without the heating being on. If it does get too cold,
try warming up with a jumper before turning up the thermostat.
6. Make Use of Travel Discounts.
As travel can be a big part of the student lifestyle,
getting from place to place on a regular basis can inevitably place a
substantial amount of pressure on your finances. To give students a little
help, there are various discounts out there for getting about on public
transport. Savings can be made on travel in Birmingham by bus, tram and train,
which is good news for your pocket!
7. Avoid going out too much!
Everyone is different, and everyone has different
expectations about how many times they feel they should be going out per week.
Drinks, clubs, taxis homes- all these things take their toll on your bank
balance. So, however much importance you personally place on nights out, it is
always wise to be careful with how often you do this. Finding other things to
do and being mindful of the amount you spend on nights-out is a sound approach
to take to better money management.
8. Buy Second-Hand.
DVDs, games and CDs are a great way to keep occupied when
you're not studying. But it can be costly. Therefore, seeking out second-hand
purchases at places like C-EX is something you may wish to consider. It means
less money spent on fun things and more money saved for the more necessary
things.
9. Discounts on Student Entertainment.
As a student, you are given access to a range of fun,
interesting things at a discounted price. In addition to being a brilliant
source for entertainment, the discounts that are available mean that you can
keep the cost down. Make sure you always check whether you can get a student
discount.
10. Plan Ahead and use Student Discounts
There are a number of other discounts for students that you
can find. Spend a little time doing some research on the internet, and you are
sure to see what savings you can make. Trains, planes, hotels and student accommodation
are all services where prices fluctuate throughout the year. The most
affordable student accommodation is often let at the start of the season,
leaving those who delay to pick from what’s left over. The cost of your
accommodation can make a big difference to the amount of money you have left to
enjoy yourself at University.
How Unihousing can help?
Your time as a student can throw a lot at you, and there's a
lot to consider on a daily, weekly and termly basis. Where your finances are
concerned though, there are various ways to make life easier for yourself. And
if you need Birmingham student accommodation, or you would simply like a change
of scenery, there are definitely options out there, as well. One of these
options is Selly Oak-based landlord Unihousing. Boasting a selection of
high-standard student accommodation, Unihousing provides student houses and
studios that are ideally located and feature impressive furnishings. Available
at very reasonable prices, contact Unihousing to find out more about their
student properties today.
For more money saving ideas like this, see our top tips page.
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