National Student Money Week was held at study campuses across the country last week, with advice for students on keeping their bank accounts healthy. If you’re a teenager thinking of heading off to college or university one day you could be taking on debt or simply trying to manage your budget by yourself for the first time. With that in mind, here are some tips to prepare you for the money saving student life:
1. Start thinking about how much things cost, like energy bills: turn the heating down when the weather warms up, switch lights off when you leave a room and consider sharing washing loads at home.
2. Food shop economically: If you take part in the cooking at home, think about buying store value products instead of expensive brands, keep leftovers to use another day, and take advantage of three-for-one or other money saving offers to buy in bulk.
3. Stay in a little more and when you do go out look for free events and discussion groups that interest you. Or think about inviting a friend over to watch a film instead of going out.
4. Take advantage of student offers: There are lots of vouchers and student offers available wherever you go – follow your interests and join societies that may give you freebies or discount cards to make your pursuits a little more affordable.
5. Consider a part time job: If you can afford the time away from your studies, think about visiting a local recruitment company to do some part time admin work to supplement your income. Taking on paid work is a good exercise in time management and teachers valuable lessons about the work environment during your time as a student.