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5 Cost Saving Tips For University Students

university cost saving

By Holly Keszegi

While it’s not the most enjoyable task, being smart about managing your finances while at university isn’t as difficult as you may think. From tuition fees to textbooks, bus fares to fast food – university has established there is almost nothing in life that doesn’t come with a hefty price tag. However, with these five savvy cost saving tips, you’ll find new ways to stretch your money further.

Opt for second-hand items and reselling 

Don’t purchase textbooks you will only need for such a short period of time.Instead, head for the library, or hit up the second-hand book store. There are numerous swap and sell websites, and Facebook pages designed just for students who are looking for cheap second-hand materials. Also, by selling the textbooks and equipment you don’t need for the upcoming semester, you’ll ensure you have a little extra spending money in your to pocket.

Did you know that you can ask your lecturer if you’re able use older editions of required readings, as many are the fraction of the cost but include all of the crucial information you need to know.

Get a discounted gym membership or workout for free

There are many gyms out there that offer discounted rates for students and if not, there is no harm in asking anyway. Many council-run facilities offer free classes and programs for those looking to get fit and healthy, whilst there are also thousands of YouTube videos created by qualified fitness instructors, helping you get fit and healthy in the comfort of your own room.

Use your student card when you can

One of the perks of being a student is the discounts you receive when flashing your ID card. So, your student or concession card should be your best friend. When in need for a certain product or service, prioritise shopping at stores which offer student discounts, and even if it may not be advertised, don’t forget to ask!

Snack Smarter

Eating out is a fast way to burn through your money, even if it is a simple dish. No matter how delicious the food is at the university food court, it is healthier and cheaper if you’re cooking and preparing your own food at home. So, this year aim to limit the number of times you eat out and opt for home cooked meals to cut costs. You can also save money and time, by buying in bulk when there are sales, preparing a few meals, and freezing them for the future.

Make the most of your bank

Get the best bang for your buck by weighing up your options when it comes to your banking. You’ll want to avoid unnecessary fees, and ideally earn a decent amount of interest on your savings. Drop into your nearest BOQ branch to hear about our products and services that can help you, such as the Bonus Interest Savings Account, and the Everyday Savings account to help you save the most during your time at university.

This blog post is for general information purposes only and is not intended as financial or professional advice. It has not been prepared with reference to the financial circumstances of any particular person or business and should not be relied on as such. You should seek your own independent financial, legal and taxation advice before making any decision about any action in relation to the material in this article.

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