Heading off to university? Read our money saving tips



With A Level results season nearly upon us, a whole new bunch of 18-year-olds are about to embark on their first term at university. Going off to uni is an exciting time – full of opportunities, adventures and new friends. However, many first year students are daunted by the idea of taking care of their own finances for the first time. With that in mind, Gauthier Van Malderen, CEO of Perlego, has put together a handy guide to help stretch the pennies a bit further, so you aren’t forced to spend the next few months surviving on super noodles and beans on toast. Get one up on the transport companies Travel can be a huge slice of your budget, be it travelling back and forth on visits home, or commuting around your new town to classes or parties, but there are some ways to help cut down on travel costs. Sharing cars with course mates and pals is one such way to avoid these extra travel expenses. BlaBlaCar is an online marketplace designed to encourage people to save money by carpooling. Not only is it environmentally friendly, you’ll also be saving money and meeting new people too.  Another handy way to save money on travel is beating the system by splitting your ticket fares. Sites such as Tickety Split help you to do this – offering the option to purchase multiple legs of a journey separately, rather than one straight trip, making the overall price considerably cheaper.  Save on your resources The cost of student living is always on the rise and one of the most significant expenses these days comes as a result of textbook price inflation, with textbook prices going up by over 800 per cent between 1978 and 2014.  On average, students spend over £20 a month on books, so it is worth looking for cheaper and more accessible alternatives. Online libraries allow you to access any book at any time. Gaining access to these portals will save time and money, not to mention make your backpack a few stone lighter.

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With online libraries, gym memberships and streaming services, it is always wise to pay annually. By subscribing to a yearly contract, you can dodge the regular concern of constant expenditures leaving your bank accounts. Whilst the initial sum may be substantial, once you pay, you can forget about it and relax for 12 months. Set a summer holiday budget Sure, Summer is all about relaxing and forgetting about your exams and study, but it is also a good opportunity to get prepared for the following year’s study. Getting a job over the summer may sound like a pain, but you can easily find fun, part-time roles where you can enjoy yourself and earn money at the same time. Jobs such as dog walking and bar or festival work will allow you to socialise, keep busy and earn money to fall back on when you go back to uni. Consider all accommodation options Accommodation is the biggest outgoing for most student, accounting for a whopping 50 percent of a UK student’s average monthly spend.

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Bills can be a big chunk of this, so using apps like Splitwise helps to split these costs with your housemates and keep track of what you are all spending, individually and as a group. Remember too that your university is there to help you. Often they have readymade lists of reliable landlords and companies. Cash in on student discounts NUS cards at the ready Student discounts mean can get substantial discounts on anything from clothing, to eating out.  A huge majority of high street shops, travel companies and restaurants offer some form of discount specifically for students, so make the most of it while you are able.
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Many outlets don’t publicise their discount offers though, so it never harms to be a bit cheeky and ask, just in case. Also, Spotify monthly subscription is fifty percent off! Keep a look out for loyalty cards and sites such as Vouchercloud, which provide some great money saving opportunities too.



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