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Strategies for Staying On Top of Personal Finances During University

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Strategies for Staying On Top of Personal Finances During University

January 04
15:37 2023

Going to university is an exciting and often tumultuous experience, one that almost all of us go through in some form or another. But while you may be busy with classes and extracurricular activities, it’s important to remain on top of your personal finances during university as well.

Having a good handle on your money can help you avoid debt, make sure you are able to afford the essentials and even help you save for the future. Here are some tips on how to manage your money while at university.

1. Set a budget

Before anything else, it’s important to set out a budget that outlines all your expenses and income each month. This will help you to keep an eye on your spending and make sure that you have enough money for essentials.

2. Take advantage of student discounts

Many retailers, restaurants, cinemas and more will offer discounts for students with valid student IDs. This can help save you a lot of money over time, so it’s worth asking about any available discounts when you shop. 

Many essay writing services also offer discounts and promo codes for students. Make sure to check online or ask customer service if they have any essay service promo code that you can use. You might be surprised at the amount of money you can save by taking advantage of student discounts!

3. Track your spending

Tracking your expenses can be a useful way to stay on top of where and how much you spend. Keeping a record of all the money that comes in and out of your accounts each month will help you identify areas for improvement, such as cutting back on unnecessary luxuries or reducing expenses.

4. Make the most of student grants and loans

If you receive financial aid from your university or government, it’s important to make the most of these funds. Be sure to understand exactly what it is for and how you can best use it to benefit your studies. Apply for a scholarship in advance. Do research and apply for any scholarships that may be of help to you. Special services, such as, can help you with your scholarship essay.

5. Start saving

Even if you only have a small amount of money, it’s important to start saving. Putting aside even just a few pounds each month can help you build up an emergency fund for unexpected expenditures.

6. Avoid taking on expensive loans

Taking out a loan can be a good way to cover large expenses, such as tuition fees. However, it’s important to make sure you fully understand the repayment terms and interest rate of any loan before signing up.

7. Look for part-time work

Finding a part-time job is an excellent way to supplement your income while studying, and it can also help you gain valuable work experience that will be useful after university.

8. Only buy what you need

It’s important to be mindful of your spending habits and only buy items that you really need. While it can be tempting to splurge on luxury items, it’s better to save up for just a few key pieces that will last.

9. Make use of technology

Technology can be a great way to stay on top of your finances. There are lots of smartphone apps that can help you track spending and manage your money more effectively.

10. Have a financial plan for after university

Finally, it’s important to consider what will happen once you finish university and enter the job market. It’s best to plan ahead and start saving now so that you can be prepared for the future.

11. Understand your rights as a consumer

Financial literacy is also important in helping you navigate the world of banking and credit. Be sure to learn more about your rights as a consumer so that you can make informed decisions when dealing with banks and other financial institutions.

Things that every student can save on

Being a student is not easy. From textbooks to tuition, the cost of education can quickly add up. Fortunately, there are plenty of ways for students to save money and make their college experience more affordable. Here are some ideas for things that every student can save on:


Textbooks are one of the biggest expenses for any student. In-store prices can be steep, but there are other options such as used or rental textbooks that can save money. Online marketplaces like Amazon allow students to search for the best deals on new and used books.

Online services

Many online services offer discounts for students. Websites such as provide cheap case study writing services that make it easier and less expensive for students to get the help they need with their assignments.


Getting around campus doesn’t have to break the bank. Biking is a great way to save money and get some exercise at the same time. There are also public transportation discounts for students, as well as ride-sharing services like Lyft and Uber that can provide discounted rates. 


Eating out every day isn’t feasible or healthy for most college students. Instead of going out to eat, opt for cooking at home or stocking up on non-perishables and frozen items from the grocery store to save money. Many stores offer student discounts, so be sure to ask if any are available.


Shopping for a whole new wardrobe can be expensive; fortunately, there are ways to save on clothing. Thrift stores and online marketplaces like eBay or Poshmark are great places to find quality clothes at affordable prices. You can also search for student discounts at clothing stores, or opt for basics that won’t break the bank.


Utilities are a necessary part of living on your own, but they don’t have to be expensive. Make sure you’re getting the best deal by comparing rates and signing up for payment plans. Some energy companies even offer discounts for students, so it pays to ask around. 

These are just a few of the ways that college students can save money and make their college experience more affordable. With a little bit of research and planning, anyone can find great deals on necessities and luxuries alike. Saving money doesn’t have to be hard, it just takes a little bit of effort and creativity.

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