When starting uni, don’t, as so many students do, succumb to the temptation of splashing out with your new student loan right away. We’ll give you six ways to make your loan last, and keep your uni experience stress-free.
Overdraft awareness
Treating your overdraft as a spending limit will lead to reckless, frivolous spending, and scrimping for the remainder of term. We recommend waiting until the end of term for personal investments.
Cheaper shops
Again, when you’ve got the comfort of a full bank account, you won’t mind spending a bit more here and there. Tesco is closer than Aldi, so naturally you’ll get your weekly shop there.
But this is exactly how your overdraft can sneak up on you. Looking around for cheaper shops and brands gives you far more to spend on smaller things. Farmer’s markets and grocers are also great for cheap, fresh food.
Second-hand textbooks
Before you break open the purse strings to buy the entire reading list for your module, make sure to read it closely. Additional reading may not always be warranted, and some texts can be found via the library. For the essential books, browse for second-hand options – you may even find that certain alumni will want to pass on their books from the previous year.
Cheaper accommodation
The ensuite is tempting, but for most students, sharing facilities quickly becomes routine rather than hassle – and saves a lot of money.
Finding the right student accommodation Leicester can be tricky, so it’s worth consulting professionals, such as www.westmanorstudentliving.co.uk for thorough guidance.
Free uni offers
Universities know their students will often be struggling for cash, which is why they often implement facilities to help with saving money or getting by. Check for free food stations, offers and discounts on products, and other external sources of savings.
Ask for advice
If you’re desperate for money, and feel as though there’s nothing to bail you out, get in touch with your university’s help service. Most universities have support available for those struggling, including loans to help you get by.