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Wednesday, August 17, 2022

Ways to Save Money as a Student

Being a student is a really exciting time in a person’s life; however, it can cause financial strain and therefore you often have to plan ahead in order to ensure you can stretch your budget as far as possible. In this article, we will look at some of the ways you can save money as a student.

Budgeting

The first thing you should do as a student is work out how much money you have spare every month after essentials. By doing this, you have more awareness of what you can afford to spend on luxuries. You can take that sum out of your account or move it into a separate account and know that is what you have to spend on things you would like rather than things you need. 

Keeping this pot of money separate from your bill money every month will ensure you aren’t tempted to dip into money needed for essentials. 

Creating a budget includes listing your income and outgoings and allows you to easily see any surplus income you have left at the end of the month. 

Shop for Expiries

Shopping around from store to store is a great way to save on groceries, but it can be time-consuming and exhausting. Another good way to save money on food is to ask the store assistant what time of the day they reduce items close to the expiry date. 

By doing this and heading to the store daily just after that time, you can find items reduced by as much as 80%!

Couponing

Couponing is a fantastic way to save money on everything from groceries to days out. There are many ways to coupon; often, shops will have loyalty schemes which allow you to collect stamps or use a loyalty card to receive rewards and discounts in the future. Newspapers often print coupons for discounts too. It’s always worth checking out online coupon sites for discounts on your favourite ecommerce stores (even if it’s just free delivery) and sites like Groupon are fantastic for savings on days outs. You can stretch your leisure budget by utilizing these deals!

Save On Tech

Tech for college can be expensive, and so when you do require a new device or computer, you want to take advantage of the best offers around. These Lenovo student discount deals are a great place to start. They offer discounts regularly, and if you subscribe to their mailing list, they have an extra 10% off too! 

In addition to this, if you can wait, Black Friday sees many retailers slash tech prices significantly, and so this would be a great day to purchase your new computers/TVs or any other large items you require. 

Start by creating your budget so you know how much spare money you have at the end of the month for luxuries, once you have done this, try and reduce outgoings even further by utilizing online discounts, deals and coupons. 

Especially watch out for student special deals which many retailers offer during freshers’ week. 

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