Student life – living on a tight budget

| 09/08/2013 | 43 Comments

If you have been used to the luxuries provided by the bank of mum and dad then student life can be a real shocker! Here we will provide tips on how to manage your money and make those pounds stretch that little bit further.
Many students worry about their financial situation, but these worries can be solved by planning and budgeting.

Managing your money
Before you even think about spending a penny you need to have a good idea of your income and outgoings. First things first, write down all of your monthly sources of income. This may include your student loan, part time job, money from your parents and possible a bursary or grant if you are lucky! Next you need to move onto your expenditure. You must take into consideration all of your fixed regular outgoings such as rent, phone bill, travel expenses and your TV license. Subtract this from your income and divide it by the number of weeks per term to work out what you have left.tight student budget

 The amount you have left over is your budget for other purchases. Remember that you will need to factor in the cost of food. The more savvy students will make note of what they are spending their money on and keep their receipts so that they can check to see if they are overspending on certain items.


Entertainment
Grocery shopping and cooking tips
Food is a necessity, but eating out at restaurants is not, so stick to cooking at home if you want to save yourself money. It is a good idea to visit the supermarket just before closing time in order to purchase fresh food at discount prices. The supermarkets do not want their fresh fruit and vegetables or deli food going to waste, so they will usually offer it to customers at ridiculously low prices. If however you prefer to do your grocery shopping online, use price comparison websites and discount codes to ensure you save as much money as possible.
Although it may be tempting to purchase ready meals that you can bung into the microwave for two minutes, cooking your meals from scratch will work out much cheaper. You can also make larger portions so that you have meals for other days. Simply divide the food up into containers and store them in your fridge or freezer. Taking a pack lunch to university will also help to cut down on your food bill.

Students are creatures of the night, often spending far too much money on alcohol and late night takeaways. Instead of buying individual glasses of wine, club together with your friends to buy a bottle. It works out much cheaper! You may also want to consider drinking at your student flat, rather than when you are out as many bars are overpriced.
If you are looking for things to do, that do not involve alcohol, then check your local newspaper for free events in your area.

Shopping for clothing and luxury items
From time to time you will want to treat yourself to some new clothes, but there are still a few savvy things you can do to make sure you save yourself money. For example you may want to try buying clothes second-hand from websites like eBay or charity shops in your local area.
If you cannot buy anything that is not Topshop, or another shop on your high street, then be sure to ask for student discount. Many shops have student discount schemes but do not always advertise them! There are usually a number of coupons and discount codes floating around online for you to take advantage of too.
Alternatively you may want to consider applying to work at one of your favourite fashion stores. High street stores often provide their staff with fantastic discounts.

Don’t leave yourself short of money – plan ahead so that you have enough to cover all of your outgoings.

Image credits: Phillip Taylor PT & Images_of_MoneyConclusion
Although you may find it difficult to adjust to your student budget to begin with, if you are savvy with your income, you will soon get used to your new way of living. Remember if you do find yourself in financial difficulty, there are advisors at your University who will be able to help you straighten things out, not to mention your parents at home.

www.GlobalTestMarket.com
Share

Category: study abroad

Comments (43)

Trackback URL | Comments RSS Feed

  1. wallens says:

    This is a great inspiring article.I am pretty much pleased with your good work.You put really very helpful information… facebook ad targeting tips

  2. wallens says:

    New web site is looking good. Thanks for the great effort. loft conversions

  3. wallens says:

    Thanks for this great post, i find it very interesting and very well thought out and put together. I look forward to reading your work in the future. http://www.marketing1on1.com/buy-backlinks/

  4. wallens says:

    Great post, you have pointed out some excellent points, I as well believe this is a very superb website. geniux reviews

  5. wallens says:

    This blog is really great. The information here will surely be of some help to me. Thanks!. miracle bust reviews

  6. This is a smart blog. I mean it. You have so much knowledge about this issue, and so much passion. You also know how to make people rally behind it, obviously from the responses.
    van hire kentish town

  7. wallens says:

    Superbly written article, if only all bloggers offered the same content as you, the internet would be a far better place.. o keramater funciona

  8. twitter says:

    i love reading this article so beautiful!!great job! buy twitter followers buy twitter retweets

  9. Thanks for a wonderful share. Your article has proved your hard work and experience you have got in this field. Brilliant .i love it reading.
    suplemento keramaster

  10. wallens says:

    I’ve been searching for some decent stuff on the subject and haven’t had any luck up until this point, You just got a new biggest fan!.. pelin

  11. Thanks for this great post, i find it very interesting and very well thought out and put together. I look forward to reading your work in the future.
    miracle bust enhancers pills

  12. wallens says:

    I truly welcome the sort of themes you post here. A debt of gratitude is in order for sharing us an extraordinary data that is really useful. Great day! http://www.smalofts.co.uk

  13. Suraj says:

    The contemporary way of just residing differs a lot from olden periods and the current lifestyles are changing rapidly. Many new factors are found and introduced due to the needs and needs individuals face these days.
    Packers and Movers Pune

  14. Suraj says:

    One of them is the constant thriving for better leads which takes individuals from one spot to another. This requires shifting and shifting of private valuables. this is a challenging process and requires help from expert arms.
    Packers and Movers Bangalore

  15. Suraj says:

    The shifting organizations are there who offer great quality assistance and can perform the shifting of products for all groups of individuals. The clientele include workplaces, factories, organizations and householders.
    Packers and Movers Gurgaon

  16. Awesome and interesting article. Great things you’ve always shared with us. Thanks. Just continue composing this kind of post.
    Stanford Pelage

  17. wallens says:

    This is a great article thanks for sharing this informative information. I will visit your blog regularly for some latest post. I will visit your blog regularly for Some latest post. real estate

  18. wallens says:

    hi was just seeing if you minded a comment. i like your website and the thme you picked is super. I will be back. vidatox

  19. wallens says:

    I am very enjoyed for this blog. Its an informative topic. It help me very much to solve some problems. Its opportunity are so fantastic and working style so speedy. what is Text deliver

  20. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog, I will keep visiting this blog very often.
    smart member 2.0 review

  21. I am very happy to discover your post as it will become on top in my collection of favorite blogs to visit.
    wisata jogjakarta

  22. Maya says:

    I have not heard about before. Keep sharing more blog posts on this Community and get extra benefits with this ideas and knowledge. Thanks for this one.
    houzz
    renewableenergyworld
    frontiersin

  23. Deep Web says:

    Thank you for such a well written article. It’s full of insightful information and entertaining descriptions. Your point of view is the best among many.
    Deep Web

  24. wallens says:

    I read that Post and got it fine and informative. Entretien ménager

  25. wallens says:

    Its an incredible joy perusing your post.Its loaded with data I am searching for and I want to post a remark that “The substance of your post is amazing” Great work. Loft conversions teddington

  26. maslacak says:

    Thank you very much for this great post.
    maslacak

  27. kevin says:

    Useful information… I am very happy to read this.. thanks for giving us this useful information. Fantastic walk-through. shed manufacturers in chennai

  28. wallens says:

    thanks for the tips and information..i really appreciate it.. loftplan

  29. This article gives the light in which we can observe the reality. This is very nice one and gives indepth information. Thanks for this nice article wisata dieng

  30. pelin says:

    Thank you very much for this useful article. I like it.
    pelin

  31. wallens says:

    Great write-up, I am a big believer in commenting on blogs to inform the blog writers know that they’ve added something worthwhile to the world wide web!.. brigittadau.com

  32. Positive site, where did u come up with the information on this posting?I have read a few of the articles on your website now, and I really like your style. Thanks a million and please keep up the effective work.
    creazione siti internet torino

  33. wallens says:

    Really a great addition. I have read this marvelous post. Thanks for sharing information about it. I really like that. Thanks so lot for your convene. Plumbers in London

  34. free bets castle says:

    hello!! Very interesting discussion glad that I came across such informative post. Keep up the good work friend. Glad to be part of your net community.
    free bets castle

  35. wallens says:

    I love this blog!! The flash up the top is awesome!! stephen baron

  36. kevin says:

    Very informative post. I was looking for information about this topic and this post really helped me a lot. Thanks for sharing. biodegradable plastic products india

  37. wallens says:

    Your website is really cool and this is a great inspiring article. high pr blog comment service …………… Buy BackLinks

  38. wallens says:

    I haven’t any word to value this post…..Really i am inspired from this post….the individual who make this post it was an extraordinary human..thanks for imparted this to us. Octosuite

  39. wallens says:

    This is only the data I am discovering all over. A debt of gratitude is in order for your website, I simply subscribe your online journal. This is a decent blog.. Binary Options Trading

Leave a Reply

Your email address will not be published. Required fields are marked *

The Educational Life Blog Directory Bloglisting.net - The internets fastest growing blog directory