1. Make One Day a Week a No-Spend Day
Assign one day a week where you don't spend anything. It might be hard to do, but one day a week of not spending can amount to a lot of savings.
2. Discount Hunt as Often as Possible
Before you make an online purchase, you should always shop around for better deals, vouchers, or discounts. While you may not find something for everything you buy, the money you'll save from the discounts you do find will make it worthwhile.
3. Make Money From your Loan
The student loan is a large pot of money that you should do your utmost to make the most of. By taking a portion of it that you won't need and putting it into a high-interest account, you'll be able to make even more money from it.
4. Save on Your Public Transport
If you're frequently using public transport to get to university or into town, it will be cost-effective to get a bus or rail card. Of course, you should do the calculations to make sure it's the best investment.
5. Student Deals are Your Friend
Lots of businesses offer student deals, especially when you're living in a student-focused city like Birmingham. Keep an eye out for these deals when you're going to the cinema, eating out, or on any other occasion.
6. Stop Watching TV and Ditch the Licence
A TV licence is only legally needed if you watch or record live TV programmes on any channel or watch BBC programmes on BBC iPlayer. You don't need a licence if you watch any other streaming service.
7. Try Working out at Home
Gym memberships can be very expensive, and it's hard to make the most of what you're spending. You can try working out at home using YouTube tutorials, or by going running or cycling out and about.
8. Do Your Shopping at the Cheapest Supermarket
If you have a choice of a local supermarket, try shopping at the cheapest one. Both ALDI and Lidl come out as the cheapest supermarkets for a small basket, and Asda is one of the cheapest when doing a larger shop.
9. Do Your Regular Shop at the Best Times
You can often save money by buying reduced items at the supermarket, and the best time to find them is either in the evening or early morning.
10. Try Upcycling for New Furniture
If you're looking for some new furniture for your student accommodation, the cheapest and most environmentally friendly option is to use places like Facebook Marketplace to find furniture that people are looking to get rid of. Charity shops are another good option for finding cheap furniture.
11. Leave Your Card at Home on a Night Out
Taking your card out when visiting the town can lead to you spending a lot more money than you had planned. Try taking out some cash to spend instead.
12. Make Packed Lunches
Making your own food at home and bringing packed lunches can save you lots of money, as buying meals and drinks while out and about will be much more expensive.
13. Plan all Your Meals
Food waste is an insidious culprit of lost money. Try planning all your meals so you only buy what you need, and avoid throwing away both your food and money.
14. Eat Before you Shop
Shopping when you're hungry is a very easy way of spending more money than you had bargained for. Make sure you've had a good healthy meal before shopping so your head is in the right place for making decisions.
15. Track Your Expenditure
Knowing exactly what you're spending and where can be difficult to work out, which means it becomes even more difficult to save money. By tracking all of your spending on a notepad, you can not only see where you need to cut back, but it might also give you a reality check!
16. Save on Postage by Using Click and Collect
If you tend to buy a lot of items online, the postage costs can ramp up. Try saving on postage by using click and collect. There are a lot more pickup points these days, so you should be able to find one that isn't too far away.
17. Take Cash Instead of Your Card When Shopping
Taking just cash when doing your shopping limits you to that amount of money. This will help you avoid making frivolous purchases and stay within your budget.
18. Put a Portion of Your Student Loan into Savings
Once you've worked out how much you're spending each month, you can start to put any extra money from your student loan into a savings account. Having some money set aside in savings for when you need it will be useful in the future.
19. Walk More
Catching the bus or train to university every day for lectures can start to become quite expensive. If it's possible, walking to university instead will save you a lot of money, and be good for your overall health.
20. Search for the Best Deals with Your Student Accommodation
When you're privately renting your student accommodation, you should make sure you're getting the most out of your money. At Unihousing, we include utilities and your internet into the cost of your rent so you can see exactly how much you'll be paying for your accommodation.
How Unihousing can Help Students With Accommodation
Since 1984, Unihousing has been providing accommodation as a landlord near the University of Birmingham. Because we own all of the accommodation that we provide in Selly Oak, we can provide quick response times using our own qualified maintenance team. At our property office on Bristol Road, only a short walk from our accommodation, we deal directly with all of our tenants.
Unhousing was selected as the Number 1 Student Letting Agent in Birmingham by the UK's biggest fresher community, Unifresher.
Contact Unihousing today to find out more!
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