When people move to university many are overwhelmed with the sudden idea of living independently. I know I was, but now I've in halls and a student house, I feel a lot less overwhelmed by independence. You need not worry, providing you've got your head screwed on and you know how to use a calculator, with the help of some thrifty advice, you'll be well on your way to having some left over pennies (and hopefully some £1's too) at the end of each semester. So here's some things to remember when you get your loan:
Your loan isn't free
It's called a loan for a reason. Whilst the money we've been given is so huge that the chances of us paying it back before we die are slim, it's no excuse to waste it on clothes, takeaways and drunken expenses. Living independently means, quite vitally, that you actually need to live. Work out a weekly budget and do everything in your power to stick to it. And remember not to spend it all in the first few weeks!
Don't buy what you wouldn't have bought before uni
I fell for this. Because I don't come from a wealthy family I genuinely hadn't owned a lot of the clothing brands many students wear, I hadn't even heard of Hollister, Abercrombie & Fitch and many other brands (peasant, right?). If you couldn't afford it before university, keep that mentality, there's better things to spend your money on. Though, if you fall on the other end of the spectrum...
Don't buy what you would have bought before uni
If you're a lover of more high end brands, you may have to put your love affair on hold. It may be nice to continue buying your expensive clothes, shoes and accessories but if you're a student on a budget it really isn't feasible. If you just can't tear yourself away from your costly shopping sprees, I'd advise getting a job to cushion your bank balance.
Leave your debit card at home
When you go for a night out the worst possible thing you can do in terms of money is take your debit card with you. Instead, make an effort to get money out in the day. Around Keele you can take a tenner out with you and you can have a good night. Pre-drink hard whilst everyone's sharing their drinks and you'll find you won't need much when you reach the union or town. Waking up with a hangover is bad enough, waking up and not remembering the £50 you spent is even worse.
Learn to cook
I can't think of how many times I've said this and read it on every piece of advice given to students. Learning to cook is honestly so much cheaper than relying on takeaways or eating out.
Don't travel home too often
If you live near by and it costs mere pennies to pop back home, that isn't such an issue, but if you're from further away it's not worth spending the money on trains and buses to say a quick hello to family and friends. It may be nice, but if you do it too often you'll soon notice chunks of money going down the drain.
Be a savvy food shopper
I can help you with this one, click here.
Try cut costs everywhere you possibly can
For tips on how to save £1, click here.
Most importantly, stay in control
The moment you can't keep up with your spending habits is the moment you've lost control. It may sound boring to note down every purchase you make, or hold back receipts to keep up with your spending, but it'll seriously help you save money. If you keep track of how much is going out - and as a student a lot more goes out than in (I feel this can relate to so much more than money...) - it's the easiest way to stay in control of those pesky pennies.
If you have any other tips on how to save money or you'd like any more advice, feel free to comment below or drop me an email - missisgoode@gmail.com.
Happy saving!
MissIsGoode
15 comments
Thanks for following :)
ReplyDeleteYour tips are really good, though I must say that I'm definitely spending more money since I've started university than I had before :D
xx Shengjia
No problem!
DeleteThank you. In all honesty I am too, but it's mainly because I have more money haha!
xx
My parents are crazy good with this kind of thing anyway and it's already rubbed off on to me so hopefully *fingers crossed* that i'll be alright when I go. I want to find a part time job but I still want to be able to see my family at christmas... Uhhh.
ReplyDeleteAh that's always handy! My parents are pretty good with it too, but I got quite over excited about having so much money and rather than be cautious I instead just went spending crazy haha. If you find a part time job with the university you should be fine with holidays, same with many supermarkets as they tend to understand you'll want to go home :)
DeleteGood Morning! I know this will be a bit different to what you normal post but I nominated you for the liebster awards because your blog is so interesting and helpful and deserves more people looking at it. Here's the link:
ReplyDeletehttp://theglamaddict.blogspot.co.uk/2013/09/liebster-awards.html
THE GLAM ADDICT
Awwwh thank you that means a lot! I'll get to it :D
Deletex
You're soo welcome! xxx
DeleteI'm so nervous about going to university and having to pay for everything!! This is so helpful though, it makes me just a little bit less nervous :)
ReplyDeletetheearththroughalens.blogspot.co.nz
Ah it is nerve racking but don't worry too much, it's great fun! Glad to hear it! :)
Deletex
great post! I have nominated you for the liebster award all the info about it is in my latest blog post xx
ReplyDeletethebudgetbuyer.blogspot.co.uk
Thank you! I'll check it out :) xx
DeleteThis is such a great post!! I'm starting university next week but it's only a 10 minute drive from my actual house so I'm just living at home!! Definitely going to keep these tips in mind!
ReplyDeletexxx
www.salted-roses.blogspot.com
Thank you! Feel free to check out my advice for freshers' at the top of the page :) Convenient being so close to home! :)
Deletexxx
Hello! I just wanted to let you know that I've nominated you for the Versatile Blogger Award :) You're doing a fantastic job! Here is a link to all of the instructions:http://boldlygold.com/2013/09/25/versatile-blogger-award/
ReplyDeleteAmy x
Heya! Thank you so much! I'll check it out :)
Deletex
I always appreciate and love reading comments from you lovely lot, so comment away and don't forget to leave your links too! ♥