Current and recent university students have shared various financial tips to assist with managing expenses during their studies. One recommendation is to register for student discount platforms such as UNiDAYS and Student Beans. These services often provide discounts ranging from 10% to 20% at various retailers, which can accumulate to significant savings over time.
Using cash for expenses, especially during nights out, is another strategy mentioned. For example, a student from the University of Edinburgh noted that bringing a limited amount of cash helped them adhere to a budget and avoid overspending, especially in venues that prefer cash payments. This method also promotes phone safety by reducing the need to use mobile payment options.
Investing in high-quality items, even if they are initially more expensive, is another tip provided by a University of York graduate. They observed that opting for cheaper alternatives often led to more frequent replacements, which ultimately costs more in the long run. Choosing durable items, like bedding or kitchenware, could be a more sustainable and economical choice.
Students are encouraged to maximize opportunities already available to them, including attending lectures and participating in societies. Engaging in diverse activities can foster additional skills and experiences. It’s also advisable for students to investigate potential funding opportunities offered by their universities, which may include grants for travel or internships.
Planning expenditures in advance is recommended by some students. This involves researching venues for nights out to understand menu options and offers, assisting in budgeting to avoid unexpected costs later.
Finally, sharing accommodations in the first year can substantially reduce living expenses, according to a student from the University of Bath. This practice, while not suitable for everyone, can lead to considerable savings on rent and offer companionship as students begin their university journey.
Source: https://www.theguardian.com/money/2025/sep/08/rent-students-best-money-saving-tips