Top 10 Money Saving Tips for Students

If you’re just about to start university and you’ve never had to budget before, check out our comprehensive top 10 tips for saving money!

Get a student bank account! This is one of the only times in life that you’ll get access to a 0% overdraft facility should you need it. Avoid huge fees for unarranged borrowing if your cash becomes depleted a little faster than you’d hope – take out a student bank account with a 0% overdraft.
Get a rail card. If you’re doing lots of traveling around the country a train is probably going to be your preference of travel. A rail card entitles you to 30% off the standard price of a train ticket, so it’s well worth investing in one.
Give fast food a miss. We all love a big greasy pizza or a tasty kebab on the way home from a night out. The problem is that junk food costs big money. Keep your money in your pocket and get a frozen pizza from the supermarket for you to eat when you get home – avoid the local burger joint.
Watch your energy use. Watch how much gas and electric you’re using each month if you’re living in a shared house. Make a group effort to reduce your monthly bills so everyone has a bit more cash in their pocket.
Leave your car at home! Showing off to your mates is always fun, but by having a car at university you’ll rapidly blow through your budget. Insurance, fuel, maintenance and so on all cost a lot of money – so where possible leave your car at home with your parents.
Have some pre-drinks. Although boozing in student towns and cities is often pretty cheap, it’s usually not as cheap as buying alcohol in bulk from supermarkets or cash and carries. Have a few pre-drinks before you go out to get you in the mood – you’ll save some precious pennies!
Budget for your expenditure. If you have a rigid schedule of what’s coming in and going out, you’ll be able to keep an eye on your money. If you do the opposite and spray money all over the place it’ll be gone in an instant. Watch over your money carefully!
Avoid taking out a credit card or a store card. The interest rates you pay on these cards are massive, so don’t bother taking one out unless you absolutely have to (they’re good for online purchases because of the chargeback facility that they offer).
Buy any course books second hand. Virtually all courses require you to do a certain amount of reading; you’ll probably have to buy a handful of books. Don’t buy them new; get them secondhand from Amazon or eBay, or even your campus bookshop if you have one.
Don’t throw old breakfast cereal in the bin! Dish out a portion into a microwave proof bowl then put it on for 30 seconds. By putting it in the microwave any moisture in the cereal is removed and the cereal will be crisp again, like it would if you’d just opened a new box!

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This feature article was written for us by Adam, the head and lead editor of