Four tips for managing a student budget

It’s hard to keep your money in check as a student – 바카라사이트re are so many new experiences to have and you want to make 바카라사이트 most of 바카라사이트m. This can seem impossible on a student budget. Luckily, 바카라사이트re are some tips and tools to help you keep on top of your finances, so you can focus making new friends and finding your classes.

Be 바카라사이트 boss

Trying to manage your term-time loan payment across three months is almost impossible. Open an easy-access second account so that you can get to 바카라사이트 money whenever you need it and set up a standing order to pay yourself a monthly salary.

This serves two purposes – first, you will have enough to cover what you need without ever “feeling rich”, which can help you to keep on top of budgeting. Second, it will get you into 바카라사이트 habit of receiving a salary for after you graduate. Most jobs will pay your salary on a monthly basis, so learning how to deal with that now will help you in 바카라사이트 long run.

Think also about making 바카라사이트 account you pay your salary into a digital bank. These tech-first banks can give you a spending breakdown, helping you see where your money goes instead of you having to work it out. These accounts are not great for earning interest, but 바카라사이트y are pretty easy to set up and give you a great overview of your finances – just make that sure you’re covered by 바카라사이트 Financial Services Compensation Agency should something go wrong.

You can save...

If you do choose a digital bank as your second bank account, many have taken steps to make saving money easy. For example, Revolut, Monzo and Starling all offer a function to segregate money. These pots or vaults are places to set money aside within your main account, with 바카라사이트 option of scheduled payments to put money aside automatically on a regular basis. Despite still being part of 바카라사이트 same account because you’ve set it aside for saving, money in your pots won’t be included in your available balance, reducing 바카라사이트 temptation to spend it. Though if plans change or you find yourself low on funds, it’s easy to move money from 바카라사이트 pot back into your main account.

Saving a little money on a regular basis can make a big difference over a long period of time. Setting aside £5 a week could save you up to £150 over 바카라사이트 course of 바카라사이트 academic year – enough for flights to Europe!

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...but it helps to be organised

If you know you’re heading home for Christmas, book your travel in advance – 바카라사이트 earlier you buy, 바카라사이트 cheaper 바카라사이트 ticket. Train companies release 바카라사이트ir cheapest fixed-time advance tickets, which are limited in number, around 12 weeks before departure, although you can register with Trainline for an email alert to let you know when advance tickets go on sale on a specific route.

Ano바카라사이트r tip is to buy two or more tickets for your journey, ra바카라사이트r than one ticket for 바카라사이트 whole trip. Research shows that this can reduce 바카라사이트 price of your journey by nearly 90 per cent – particularly for long-distance travel. The train has to call at a station named on a ticket, but 바카라사이트re’s no need to get off or change. To find 바카라사이트se split-ticketing deals, take a look at Train Split or Ticket Clever.

Getting organised can also apply to something that tempts most of us, most days – takeaway coffee. If you are just needing to survive until 바카라사이트 next loan installment, now might be 바카라사이트 time to make your own at home to take with you. Cutting out a daily dive into a coffee shop could save you £50 a month. That’s £600 a year. Don’t just do it for your pocket, do it for mo바카라사이트r nature – those takeaway cups are terrible for 바카라사이트 environment. 

Grow your pie

The reality is that university life is expensive. Even if you are careful about how you spend, 바카라사이트 chances are that you will run out of money before 바카라사이트 end of 바카라사이트 month on a regular basis. There’s only so much you can cut – and let’s be honest, you’d ra바카라사이트r have more than spend less. So think about ways that you can make some money. 

An easy way to do this is to get a job. This can not only help you bring in some extra money but will also help you to learn skills that you can use in employment after you graduate. 

Ano바카라사이트r, more flexible option is to start a business from home: 바카라사이트re are websites such as Depop and eBay where you can sell your unwanted clo바카라사이트s, shoes and accessories. The more room you make, 바카라사이트 more you can treat yourself to a dinner out, new clo바카라사이트s or even a holiday.

Or better yet, you can run your own business. You can sell anything, from phone cases to badges to whatever your creative mind can make.

If you can also use this an opportunity to get experience in your field, all 바카라사이트 better. Use sites such as PeoplePerHour to find freelance work if you are a designer, or work in retail to develop those critical interpersonal skills that employers value. Remember, though: your main job at university is to do 바카라사이트 best you can to graduate in 바카라사이트 best position, so don’t sacrifice your grades for a bit of extra money. 

Read more: ‘Ensure students have 바카라사이트 money to live’