I hope everyone has had a good week; I can’t believe it is nearly midway through august already so next month I will be returning back to university, which might also be the same situation for some of you reading this post. Over the next few weeks, I will be starting to produce more university content on my blog as well as my usual fashion and beauty content so keep an eye out for that if you’re interested. All university posts will be in the same place on my home page for easy access.
So, with the upcoming start to a new academic year I thought this may be a helpful post for anyone starting university, returning to university or even if you aren’t a student you might like to know some of the tips I use. I’ve always been told I’m quite sensible when it comes to spending/managing money, so I thought I’d share some tips I use:
1. The first thing I believe is key when it comes to saving money is knowing your budget. This is crucial when it comes to being at university there will temptations like going on night outs and having takeaways then your suddenly looking at your bank and wondering where all your money has gone. Saving money doesn’t mean you have to stop going on nights out and getting takeaways or stop doing things you enjoy, if you create a budget where you allocate a certain amount of money each month to each category, you’ll be able to see how much money you have left over. The money you have left over you can then treat yourself with or save instead ready for the next month. I personally create my budget on Excel as I find this simple to use and manage however if you are not familiar with this software there are lots of online websites which can help you such as this page on Save the Student. Save the Student is a really helpful website which I used to help understand my finances better and how to save money, so I would definitely recommend you checking this out. I am planning on doing a separate post about how I create my budget and organise the finance side of university so please let me know if this is something you’d like to see.
2. Student discounts are a life saver! Every time I shop online or in-store I always check to see if there is a student discount available for that shop, I have UNiDAYS and StudentBeans. I mostly use UNIDAYS as it has more discounts for the shops, I usually buy from however both are really good. I know there are other services for student discount like TOTUM I haven’t personally used this but this may be something you want to look into.
3. Use cashback services! These were the type of things I saw adverts about but never really paid attention to but then in my final year of sixth form my teacher showed us this website Quidco. At first I had no clue and thought I won’t end up using this, then halfway through first year of university I decided to download the app and see what it was all about, all you have to do is go through the Quidco website or app when making an online purchase it’s as simple as that. Although I kept forgetting to do this, in the past couple of months, I’ve got into the habit of regularly using this app. In the past month I’ve had £34 tracked from the purchases I’ve made; it’s not guaranteed you will get all of the money as your tracked cashback can either get confirmed or declined. You’ll only get small amounts depending on how much your originally spend on a site as the percentage of cashback depends on the company your buying form but if you carry on using this for a long time the money all adds up in the end. This is £34 which if I had never used this app I would never of had so definitely check this out.
4. Another great thing to do to save money is after pay day put a certain amount of money aside each month into your savings account or just put it aside and don’t use it. Each month I put aside between £20 – £100 a month depending on my financial situation, I put this into my Help to Buy ISA and don’t touch this again. I know that not everyone may be able to do this as financially it might not be possible which I completely understand as a year ago I wouldn’t of been able to do any of this as I didn’t get my first job until 19th August 2019. Putting a small amount of money aside even just a couple of pounds eventually over time will all add up.
I hope this short post has in some way helped regarding how to save money especially at university there are many more tips but these are the ones which have helped me the most. Don’t forget to like, comment and subscribe or if you have any questions, I’d be happy to answer. To get in contact with me either email me or follow my Instagram @beingbeth. I hope you have a lovely start to a new week and I will see you next Sunday for another post.