Being a student in the UK can be expensive, but there are plenty of ways to save money without missing out on the full university experience. From budgeting tips to discounts and smart spending, here’s how you can manage your finances and make your student budget go further.
1. Create a Student Budget
Start by tracking your income (loans, grants, part-time work) and expenses (rent, food, travel). Use budgeting tools like Monzo or Emma to keep on top of your spending.
2. Take Advantage of Student Discounts
✔ UNiDAYS – Discounts on fashion, tech, travel, and more.
✔ TOTUM – Official student discount card with exclusive deals.
✔ Student Beans – Discounts across top brands.
Tip: Always carry your student ID – many stores offer discounts even if not advertised.
3. Save on Food and Groceries
✔ Use food apps like Too Good To Go to buy discounted food that would otherwise go to waste.
✔ Cook at home and meal prep to avoid expensive takeaways.
4. Cut Transport Costs
✔ 16-25 Railcard – Save 1/3 on train fares.
✔ Local bus passes – Most cities offer discounted travel for students.
✔ Cycle or walk whenever possible to save money and stay fit.
5. Find Affordable Accommodation
✔ University halls are often cheaper than private rentals.
✔ SpareRoom – Find affordable shared housing.
✔ Check bills are included in your rent to avoid unexpected costs.
6. Earn Extra Cash
✔ Part-time jobs – Check your university’s job board or sites like Indeed.
✔ Freelancing – Offer your skills on platforms like Fiverr.
7. Save on Books and Supplies
✔ Buy second-hand textbooks from AbeBooks or university bookshops.
✔ Use free resources like Google Scholar and library e-books.
✔ Share supplies with housemates to cut costs.
8. Manage Utility Bills Wisely
✔ Split bills using apps like Splitwise.
✔ Switch providers with tools like Uswitch to get the best deals.
✔ Reduce usage – Turn off lights, unplug devices, and limit heating use.
9. Enjoy Free and Cheap Entertainment
✔ University events – Free or cheap student nights, societies, and sports.
✔ Streaming services – Share accounts with housemates.
✔ Museums, galleries, and parks – Many are free to visit.
Final Thoughts: Enjoy Student Life Without Breaking the Bank
Saving money as a student doesn’t have to be difficult. With smart budgeting, using discounts, and finding ways to cut costs, you can manage your finances while making the most of your time at university.
Want more money-saving tips? Subscribe to our newsletter for expert insights!
Disclaimer: Smart With Money may receive compensation from affiliate links, advertisements, and partners featured on this site. This compensation does not influence our editorial content, reviews, or recommendations. Our opinions are our own, and we aim to provide accurate and objective financial information to help you make informed decisions.
Additionally, all content provided on SmartWithMoney.co.uk is for informational purposes only and does not constitute financial advice. Please seek independent financial advice before making any financial decisions.