?Money!? Sounds good doesn?t it? It?s probably the best time of year, when the student finance loans clear into the accounts. Well, here?s a few tips on how to manage your money so that you know how much to spend when and where:
- Rent Payments
This is usually the last thing on the list but making sure your accommodation/rent is paid on time can save a lot of hassle in the long run as you won?t have landlords chasing you for money. Just think, once it?s paid you don?t have to worry about it.
Make sure you get to Uni on time ? buying term passes in advance can save you having to worry about finding change for the bus when you?re running late for a lecture or even just going home for the weekend.
There are student travel cards available to help you reduce the costs of getting around London:
- 16-25 Railcard???28 a year for a third off rail fares.
- 18+ Student Oyster photo card??pay a ?10 admin fee for 30% off London travel card costs.
- Young Persons Coach card???10 a year (plus ?1.50 p&p) for a third off coach fares.
- To save a little more, plan ahead and book in advance if possible.
- Say NO to junk food ? Not only does it cost a lot but can also make you feel tired and worn out and stops the brain from working at its best.
- Packed Lunches ? Making your own lunches can save money because you a spend ?5 to get bread, butter, ham and salad that can last you for the week rather you spend ?5 a day.
- Buy in bulk (Not too much) then freeze meats ? This is a great tip because when there is no food in the cupboards, you can head to the freezer!
Check out the Tesco ? Recipes on a Budget for more easy budget-friendly food tips.
- Study Essentials
Buying books and university materials can be quite pricey so why not try:
- Heading to the university library and borrowing course books, then you can return them once you are done.
- Attend a second-hand book sale ? many universities and student unions hold these events which allows you to buy the books you need at a fraction of the retail price. Plus, once you are done, you can sell them on.
- Student Discounts ? Buy direct: some universities have shops that sell stationary and course materials on campus that are fairly priced. You can also get a NUS Extra discount card which can get you discounts on stationary, books, clothes and even going to the cinema.
- Outgoings – Phone contract and credit card re-payments
Make sure that you always have enough in your account for direct debits, put reminders in your phone if it helps. It is a well-known fact that having your direct debits or payments go out on time without going into an overdraft can help your credit rating ? it may not seem like a big deal now but it will help you loads later on in life.
Even though you don?t want to, putting some money in your saving can really help, even if it?s just for a rainy day or when you?ve spent everything and waiting for the next student loan day. It can even help you save up for that car you?ve always wanted!
Getting into a routine of saving can help you prioritise your outgoings and when that gig/concert pops up that you?ve always wanted too, you won?t have to think twice about buying your ticket.
7)? Everything else?
Now that you have covered your necessary expenditures, its ?me time? you can enjoy what you have left over without even thinking about your out-going costs because you have them covered. It?s time to find out what?s going on at the SU or any events/festivals in your area. Here are some sites that can help you find out what?s going on near you:
Here at Host Wembley all our rooms have a purpose built study area as standard AND our students are able to take advantage of our clean and airy communal study areas. To find out how you can join our thriving student community please contact us today on 0203 475 5952 to arrange a viewing.