We previously wrote a post in which we looked at some of the best money saving tips for students, where we gave some great ideas for making money go further. Students often find themselves falling into debt, as they attempt to keep up with the ‘student lifestyle’ of going out every night and spending all their money on food and drink. Whilst this all seems like a great idea at the time, it can often leave them out of money for the remainder of the year.
Do this sound familiar? Do you need to save some money? As a company who deals specifically with financial issues such as debt management and mis sold PPI, we think it’s important that people manage their finances as early as possible.
Unfortunately, having no money and being a student seem to go hand in hand – but it doesn’t have to be as bad as you think! Follow our latest money saving tips and you’ll be able to keep up with the crazy student lifestyle, whilst not leaving yourself extremely short changed!
4. Invest in a travel discount cards
If you’re a student studying in a big city, you probably have to rely on public transport a lot. Even if you live close to your university, you may want to make frequent trips back home during weekends and holidays. Unfortunately, transport isn’t cheap – especially if you have to travel from one side of the country to the other.
Luckily, there are several discount cards available that can save you some money when you travel. The 16-25 railcard was made with students in mind, in which you can purchase one for 1-3 years and enjoy a 1/3 of train fares anywhere in the UK. There are certain restrictions, but it’s still a lot of money saving!
Local buses may also have their own discount deals – just look around and ask.
5. Don’t spend a fortune on text books
When you first start university, it can be tempting to spend a bulk of your money on buying all the textbooks that are listed in the course core texts list. Whilst your loan is partially for all your course books, they can be extremely expensive. Before you rush out to your local book shop, check your university and local library to see if they have them to loan. There are also several sites where you can buy books for second hand, at a much cheaper price – it all reads the same.
Hopefully our money saving advice over the last two posts has given you an idea on how to start managing your finances. Being a student is a wonderful time in your life, and you don’t want to have to miss out on enjoying the experience to the fullest.
If you have financial problems, or you’re struggling to get out of debt, we can help you out. Here at Debt Advisory Services (Scotland) Limited, we have a team of experienced and professional staff that would be happy to talk to you about your finances, and they will be able to offer you some high quality solutions.
Contact us by calling 0800 011 2322 and a member of our team will be happy to help.