Money-saving tips every student should know
With the cost of living affecting many students, knowing where to save money can make a real difference. From student discounts to finding freebies on campus, here are some money-saving tips every UoB student should know.
Remember, if you’re worried about money, don’t struggle on your own. Take a look at our Cost of Living Support hub which is full of helpful tips, advice and the financial support available through the University and Guild of Students.
Budget like a boss
When it comes to finances, a good first step is to make a budget to help you track what money is potentially coming into your bank account (such as loans, grants and bursaries, money from parents/carers, savings or a salary from a part-time job) as well as what’s going out (rent, groceries, bills, subscriptions, transport etc).
This might seem boring but trust us, you’ll feel a lot more in control. If you need some help with this, download the Guild's Budget Planner on their Money Matters Hub. By using a planner, or even making your own, it’ll give you a place to record all your spending, so you won't forget anything.
Use student discounts
One of the perks of being a student is the discounts! You’ll be surprised how many places have special deals and discounts exclusively for students. To take advantage of some amazing offers always carry your student ID with you and make sure you sign up to apps such as UNiDays, StudentBeans and Totum. Before paying for something, whether it’s a piece of tech or even food, check if any deals are available.
If you're a commuter student, don't forget to make use of discounts and offers on transport. Use student travel cards like the 16-25 Railcard for discounted train fares. If you get the bus to campus, we have an exclusive discount for UoB students- get 20% off your 4-week bus pass through the UoB portal.
Our 'Ways to save money' page on our Cost of Living Support hub has more details on how you can find the latest deals.
Making the most of being a UoB student
It’s worth noting that there are also plenty of ways to save money through the university and Guild including initiatives like Community Breakfast and free period products around campus. Throughout the academic year, there are a range of events and activities on campus designed to help you make the most of university life without spending a fortune. You’ll also find plenty of opportunities to share your views in exchange for vouchers, money or pizza, through things like surveys, feedback sessions or even creating content. Keep an eye out for big giveaways such our partnership with Santander where 10 lucky UoB students could win £1K each. The best way to find out about all these events, opportunities and initiatives is through your student communications channels especially the Brum Bulletin e-newsletter which is delivered to your inbox every other Wednesday.
Eat well for less
Eating well on a student budget can be challenging but not impossible. Before you head to the supermarket, plan your meals for the week and make a shopping list. If you can stick to your list, you’re likely to not overspend.
The University is close to a lot of supermarkets and shops. Aldi and Lidl often have the lowest prices, but you can also take advantage of loyalty card schemes in supermarkets such as Tesco and Sainsbury’s to save more on your shop. On campus you’ll find the Co-op store in University Centre which has offers and deals for students if you join their membership for £1.
Batch cooking and freezing meals can save you both time and money, and it’s a great way to eat healthier. You’ll find microwaves across campus, including in study spaces if you want to bring your lunch or dinner in. We also have a variety of affordable options in our cafes, shops and restaurants on campus – don't forget to download the Food Fellows app to unlock exclusive deals and to get free drinks.
Our Student Content Shapers have created some brilliant videos around eating well and sticking to a budget, check them out on our socials. Here are some below:
Shop second-hand
Textbooks, clothes and household items can be expensive if bought new. With so many online marketplaces such as Vinted, Depop, Ebay and Hazaar, you can often find what you need at a fraction of the price. As well as saving money, another benefit of shopping second-hand is you’ll be doing your bit for the environment.
There are also lots of charity shops in Birmingham, especially Selly Oak and Harborne, which are full of hidden gems at a fraction of the cost. Not only are you being sustainable but you’re also supporting a worthy cause.