Advice Hub

June 5, 2011

Money Saving Tips

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Written by: Kyle Raffo
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Break The Piggy Bank

When your a student theres a good chance that money is going to be tight, and you’ll need to conserve it as much as you can. The key is to know where your money is going and by putting together a budget you will see if there is anywhere that you could tighten your belt.

These are some main areas of spending which could probably be tightened up.


Large savings can be made in this area and with a little thought you can make sure you eat both cheaply and healthily, best of all is that you dont need to be Jamie Oliver to do so. Learning some basic cooking skills will be very useful. You don’t have to cook extravagant three-course meals every night but knowing a few culinary tricks should stave off the lure of the takeaway or other overpriced, pre-packaged foods. There are a few easy-to-cook meals that you can cook such as soups, bolognese, chillis and curries; you can make loads of these pretty cheaply and very easily. It’s also worth buying in bulk and cooking for each other if you live in a shared house. Bulk buying works out a lot cheaper, also if you check out your local markets you will find some of the cheapest deals. Try to take sandwiches or a packed lunch if you’re going to be out all day; buying lunch out regularly can get very expensive!.


Nearly every student enjoys night on the town and a drink, or two, however booze is expensive, especially in pubs and clubs. Many students have a few drinks at home before they go out to avoid paying too much.

The best way to save yourself some money is to keep a look out for student nights and happy hours where drinks are a lot cheaper. If a few of you enjoy watching films then you could think about renting a DVD and all chipping in, then having a weekly film night at each others’ houses. This is a great way to enjoy a night with your friends and not spend too much; you can buy some popped corn aswell and its cheap as chips.


Just because you’re a skint student doesn’t mean you have to give up on fashion. At the same time, it’s unlikely you’ll be able to afford to deck yourself out in the latest designer finery either. One option is to avoid spending your own cash at all by asking for clothes for birthdays and Christmas. If you do shell out on a new outfit or two make sure you take advantage of any student discount offers which are available.

It’s also worth checking out charity shops if you have some spare time on your hands. You could well bag a bargain for just a few pounds, and cultivate an original and individual look at the same time.


As a student you will obviously need to buy some books. However, that doesn’t mean that you need to run out and buy everything on the reading list straight away. Wherever possible use the library or secondhand book shops. You could also photocopy relevant chapters (if you only need a few).

When you have finished with your books it’s worth selling them to secondhand book shops. You won’t make a fortune but every little helps and you’ll be getting rid of clutter at the same time.




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