How to save money when you’re a poor student

With balancing deadlines, exams and a part-time job, students tend to have enough on their plate without having to worry about money. Just because it is the stereotype that all students are poor, doesn’t mean that has to be the reality. We’ve gathered some tips to help you save the pennies and hold onto your cash.

Utilise Your Uni and College Resources

Your uni and college libraries are there for a reason – so use them and save some serious cash on pricey academic books. Buying the mountain of books you need for each class is an expense that no student can afford, and your uni or college libraries should have most of the required literature, so even though its nice to own your own books, that luxury comes with a big price

Sell Used Books

Bought a book that you were told was an essential but ended up only using one quote from the entire thing? Yeah, we’ve all been there, so put your books to good use and sell them on. Getting some extra cash whilst also de-cluttering your room? Sounds pretty good to us.

Sell Old Clothes

It’s never a bad idea to sell the clothes in the back of your wardrobe that you know you will never wear again. That dress you’ve held onto for years despite only wearing it once? Sell it. Those jeans that you bought on sale that don’t really fit but were just too good a bargain to miss? Sell them. There are many great sites that you can use to sell your old clothes, such as eBay, Depop and Vinted.

H&M Garment Collecting

If selling your clothes is too much effort, why not try H&M Garment Collecting? In every H&M store, there is a bin where you can drop off a bag of old clothes and get a £5 voucher to spend in store when you spend over £25. This option may be easier for those looking to do a massive clear out as the collection accepts clothes in all conditions and each individual bag counts as one voucher.

Take Advantage of Student Discounts

You don’t realise how great your student discounts are until you’re no longer a student, so use them while you can. Students can get a discount from almost everywhere, from high street shops to Apple, to McDonalds, and the little savings can really add up. Bag yourself an NUS Extra card and watch the savings add up!

Make a Budget

If you’re living in student accommodation or in your own flat, budgeting is so important. Think carefully about your expenses each month and what out of them are essential, and then make a budget for the month to help you manage your money. Budgeting is a great way to help you stretch your money and ensure that you’ll always have enough to make ends meet. If you’re guilty of splurging on clothes and nights out when pay day arrives, leaving you poor for the rest of the month, then budgeting is definitely for you.

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