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Student budgeting.

May 6, 2020

Being a student can be a challenge in itself. Trying to balance studying with everything else in your life can be a struggle. The last thing you want is money trouble. Adding a few new habits to your routine is easy and beneficial.

Budget calculator.

Working out your budget is paramount. If you regularly overspend, it can land you in trouble. Using a budget calculator will help you to understand your finances in one place. It will take into account every income and expense, and show you how much money you have spare each month. Set yourself limits and abide by them. Websites, such as The Money Advice Service, offer a free Budget Planner tool which can be found here.

Reduce expenses.

If your results of the budget calculator show little to no funds at the end of each month, you may want to consider reducing some of your expenses. If you live in shared accommodation, ensure you’re contributing the correct amount and suggest splitting the bills that housemates also use, e.g. your Netflix account. You may not be able to adjust your necessary expenses, such as your accommodation or tuition fees, but think about where you can make cuts in your luxuries.

Student discount.

Thousands of companies offer student discount – online and in-store, whether you’re shopping, eating in restaurants, or using public transport. Make the most of these discounts, and your savings will soon add up. Don’t forget to use them on top of existing deals where possible! 


Nearly every store will have deals at some point throughout the year. Some are more often than others, and some are all year round. For example, providing you fit the criteria, 2 for 1 cinema tickets are available to customers. Keep your eye out for money-saving deals!


Public transport companies are aware of how many students depend on their services, and offer the following deals:

  • 16-25 Railcard – ⅓ off train fares.
  • Young Persons Coachcard – ⅓ off coach travel.
  • Student Oyster Photocard – 30% off London travel.
  • yLink Card – ⅓ off bus and rail travel in Northern Ireland.

College/University materials.

As if being a student isn’t costly enough, there’s more. Your materials will cost you a small fortune too. Be forward-thinking with how you get them and be realistic. If you need a book for a short time, simply borrow it from a library. If you need a specific book for the duration of your studies, buy it second-hand. Ex-students often sell their old books cheap, so ask around!


You’re bored, it’s the weekend, and you’re trying to save your money. Great! What can you do this weekend? Click over to our ‘no spend weekend‘ tips!