Students. Here Is Some Money Saving Tactical Advice.
Other easy methods to save. Pay bills by direct debit. In your 2nd year, it is likely you will be moving into a shared house consequently you will have to manage the gas, electricity and water bills. It is in many cases at least 10 per cent cheaper to pay by direct debit. Allocate somebody to pay the bills and ensure you pay that person when the bills come round every month or quarter. Potential saving: 50 a year.
Don’t try to obtain student credit card. Other student sites on the Internet should not be advertising credit cards to students. There are too many other options to get money. You actually have interest free overdrafts, your loan, family, and job options. Getting yourself into more debt is not the way to go. The only time to even ponder getting a credit card is after university has done and you have yourself a full time job. Potential saving will be 100s.
Make food last. As soon as you buy a weeks worth of shopping try and make it last 10 days. There is no need to pig out and just make the whole lot last a bit more time. Go to the local shop and live on toast and beans for the last a couple of days if you must. Potential saving will be around 200 a year.
Boost your mind-set. When you go into town and also you do not have a great deal of money. Think, “Do I need this or do I want this?” It’s a tough question to ask but it is a big one to ask to stay out of even more debt. You must also treat yourself on occasion to say ‘Congratulations’ for all the money saving you have done. Don’t ruin it by buying a 42-inch LCD TV but a new top wouldn’t hurt.
Potential gain… Your happiness. Exploit student debt. Of course if you do go out spending ensure that you take your student card with you. Many high street shops don’t ask for an NUS card, you can just take your campus card. Ask, ‘Do you do a student discount?’ ‘Hopefully they will answer yes. Go out during the week. You have probably realised that it’s much cheaper to go out between Monday and Thursday when there are student deals all over the place. Stick to this and it will cut your costs substantially. Possible saving – 500 a year.
Utilise online banking. Online banking lets you keep a very good tabs on what is going on with your cash. It also lets you quickly and easily transfer money to and from your savings accounts so that you could earn more money. Possible monetary saving: Your happiness plus 50 per annum in saved overdraft charges.
Make a big lunch and bring a bottle of water to university. If you’re going to be outside the house over lunch then take that sandwich with you! Also, taking a full bottle of water with you will stop you from having to buy a very expensive 1 bottle of water at uni. Potential saving is up to 500 a year.
Utilize the library before spending money on books. Before going on Amazon and investing in a book, check your local and university library to see if they have it. To be able to keep it longer than a month, that is the time to think about buying it! Possible saving of up to 50 every academic year.
To read further about how to gain success in your student life and get the free book, ‘Defeat Student Debt’ then please come to our website where you find additional article on student money saving, student debt, how to set up a business and also a student forum.
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