Student money takeaway
Since 2007 Save the Student has been the resource students trust to improve their finances.
We now have over 1,000 guides, all updated regularly to keep things fresh.
But so much content is impossible to digest in one sitting.
Introducing our Student Money Takeaway: some of the finest pickings of hacks and tips from across the site, served up on one simple page. Bon appétit! 😋
Student money cheat sheet 🔥
For each tip in the cheat sheet, we've linked up keywords to relevant guides or resources with more info.
Managing money 💪
- Student Loan instalments span 4 months (so budget)
- Keep your Loan in an easy access savings account
- Choose a student bank account by the best 0% overdraft
- Take cash out for the coming week’s budget
- Skint? Speak to uni about hardship funding
Find out how other students manage their money!
Saving money 😇
- Always ask for student discount (see brand directory)
- Cashback on online & in-store shopping
- Share textbooks & subscriptions with mates
- Food shop at night (but not when hungry!)
- Buy train tickets 12 weeks ahead & use 16-25 railcard
Also see 83 practical ways to save money!
Eco saving 🌎
- Buy loose vegetables
- Use a reusable metal water bottle
- Buy second-hand goods
- Replace old bulbs with LED (90% less electricity)
- Chew less gum (contains plastic)
Making money 🤑
- Get paid to Google
- Join online survey panels
- Mystery shopping
- Walking (yes really)
- Rent out your parking space
Browse all of our make money guides!
Side-hustle ideas 🚀
- Start a blog
- Freelance on Upwork.com or Fiverr.com
- Buy used textbooks end of term & resell start of term
- Dog walking & pet sitting
- Resell charity shop buys on eBay or Depop
Also see 53 business ideas to start at university!
- Set social media profiles to private
- Send applications in gold envelopes
- Never work unpaid (unless volunteering)
- Check if you’re due a tax refund
- Use our part-time job search or graduate jobs search
Also see how to write a great CV!
Housing & bills 🏡
- Be sure you can afford the rent! (see calculator)
- Take meter readings & photos before moving in
- Read contract & ensure deposit is protected
- Use Splitwise.com to split bills between housemates
- Most students shouldn’t pay council tax
Find out which bills you can slash!
Cheap dates 😍
- Go on a bike ride
- Play crazy golf
- Eat at a BYOB restaurant
- Visit a museum or gallery
- Go to a car boot sale
See all 13 cheap date ideas!
- Hair cuts at salon training schools
- Cinema previews
- Groceries (via cashback apps)
- Condoms (GPs & clinics)
- Browse freecycle.org
Also see the ultimate list of free stuff!
Gifts under £5 🎁
- Framed photo
- Home baked treats
- Box of collected free samples
- Playlist of their favourite tunes
- Unwanted gifts you’ve received
See all cheap gift ideas!
Best apps 🤖
- OLIO (free food)
- Chip (savings)
- Starling Bank (budgeting)
- CheckoutSmart (cashback)
- Shopmium (cashback)
See the 16 best money saving apps!
How's your budget looking? 🎯
Use our printable 1 minute budget sheet to work out how much you spend each month against your income.
By working out the difference you can get a clear idea of your financial position.
I'm left short 😢
Don't worry! There are plenty of options and ways to get yourself into the black.
Here are some resources to get you started:
- 83 practical ways to save money
- Bugeting guide (inc. speadsheet)
- How to find a part-time job
- What rent can you afford?
- Asking parents for money
- Apply for special student funding
- 9 things to know about debt
I have money left over! 🤗
Congrats! You may want to try doing an annual budget too, taking account of big spends like holidays. Some months will be more expensive than others!
Here are some ideas to make your money work harder:
- How to become a millionaire by 30
- Best savings accounts
- App-based bank accounts
- Automatic savings apps and bots
- 53 business ideas to start at uni
- Apply for special student funding
Student money quiz 🤔
The answers are below in bold! How did you do out of 10?
- You must apply for Student Finance before each year of study. True.
- Most parents (unless you have Welsh student finance) are 'expected' to contribute towards your living costs.
- Student Loan repayments are 9% of anything you earn over £27,295 a year, after graduating (£25,000 in Scotland and £19,895 in Northern Ireland).
- Any remaining balance is written off after 30 years (25 years in Northern Ireland).
- You don't have to repay your loan if you move abroad. False!
- Student Finance affects your credit score. False.
- You have to start repaying the overdraft of your student bank account after uni. True.
- 74% of students have a part-time job.
- The average graduate starting salary is £24,000.
- 90% of students use a budget.
This page is just a snippet of what we have across Save the Student! Use the top navigation to browse through the categories. And get in touch if you have any questions 🙂