{"id":25807,"date":"2019-10-30T09:00:38","date_gmt":"2019-10-30T09:00:38","guid":{"rendered":"https:\/\/livstudent.crtr.dev\/?p=25807"},"modified":"2022-10-10T21:52:24","modified_gmt":"2022-10-10T21:52:24","slug":"budgeting-tips-for-students","status":"publish","type":"post","link":"https:\/\/stafferton.dev\/livstudent\/budgeting-tips-for-students\/","title":{"rendered":"Budgeting Tips for Students"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If there\u2019s one thing you need while you\u2019re at uni, it\u2019s a plan for saving money. With all the studying you have to do, if you have a job, it\u2019s likely part-time. Your student loan checks cover housing and sometimes other expenses, but you have to make that last for months. According to a <\/span><a href=\"https:\/\/www.savethestudent.org\/money\/student-money-survey-2019.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span style=\"font-weight: 400;\">recent survey<\/span><\/a><span style=\"font-weight: 400;\">, 79 percent of uni students worry about making ends meet.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Learning how to understand your income and expenses, as well as making your money stretch is a critical skill for every uni student.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No worries. We\u2019ve got you covered\u2014here are some of our fave budgeting tips for students.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Use a Budgeting Tool&nbsp; &nbsp; <\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Budgets\u2014if you\u2019re not a math lover, the word may make you cringe, but don\u2019t discount the power of being money savvy. Budgets let you see exactly how much you have to spend each month. Some people prefer paper budgets or spreadsheets, but if you hate dealing with details, there are many budgeting apps to help.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With these digital programs, you just plug in your monthly income along with bills and expenses, and the app does the rest. Here are a few options to try:<\/span><a href=\"https:\/\/www.ucas.com\/budget-calculator\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">&nbsp;<\/span><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.ucas.com\/budget-calculator\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span style=\"font-weight: 400;\">University and Colleges Admissions Services<\/span><\/a><span style=\"font-weight: 400;\"> offers an online calculator for uni students. This is a good basic option to start your budget.&nbsp;&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.moneydashboard.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span style=\"font-weight: 400;\">Money Dashboard<\/span><\/a><span style=\"font-weight: 400;\"> or<\/span><a href=\"https:\/\/moneylover.me\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> <span style=\"font-weight: 400;\">Money Lover<\/span><\/a><span style=\"font-weight: 400;\">: Both apps are simple and intuitive. Money Lover will even alert you ahead of time to a recurring payment before it\u2019s deducted from your account.<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.curve.app\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span style=\"font-weight: 400;\">Curve<\/span><\/a><span style=\"font-weight: 400;\">: If you have multiple credit or bank cards, consider an app like Curve where you combine all cards into one Curve card. You can see what\u2019s in all of your accounts in one place, move money, if necessary, and track your spending.<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/monzo.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span style=\"font-weight: 400;\">Monzo<\/span><\/a><span style=\"font-weight: 400;\">: This is a digital bank account that you can monitor at your fingertips. All bank transactions are trackable through your account. If you have a direct deposit through your job, it\u2019s available one day earlier. The app also shows you where you spend the most each month. <\/span><i><span style=\"font-weight: 400;\">(Which, let\u2019s face it, can be a bummer to acknowledge but a step in the right direction to budgeting!)<\/span><\/i><span style=\"font-weight: 400;\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Now that you have the foundation to understand and visualize your budget, use the following hacks to save more money.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Automatically Transfer Funds<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">This trick is like hiding money from yourself. The idea being you won\u2019t spend money you can\u2019t access. Set up automatic transfers in your bank account. Whenever you get paid for your job, (or your student loan check clears), transfer money into savings. Also, set up automated payments for bills, then leave spending money in your checking account. This way you won\u2019t be tempted to spend mone you should save.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Cut Down on Travel Costs<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Just getting around the city can be expensive, let alone travelling to visit family or friends. For uni students in the UK, one of the best discounts you\u2019ll find is on the<\/span><a href=\"https:\/\/www.16-25railcard.co.uk\/student-train-discount\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> <span style=\"font-weight: 400;\">16-25 Railcards<\/span><\/a><span style=\"font-weight: 400;\">. This programme gets you 30 percent off your rail fares (for trips \u00a312 or more).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another excellent option for travel savings is the<\/span><a href=\"https:\/\/www.nationalexpress.com\/en\/offers\/coachcards\/young-person\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> <span style=\"font-weight: 400;\">Young Person\u2019s Coach Card<\/span><\/a><span style=\"font-weight: 400;\">. As their website explains; \u201cIf you&#8217;re aged 16 &#8211; 26 or are a full-time student, [this] card gives you one-third off all our standard and fully flexible fares and 15 percent off travel to events and festivals, all for just \u00a312.50 a year or \u00a330 for three years.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Travel costs can add up quickly, so make sure they\u2019re included in your monthly budget and use discounts wherever you can.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Use.Those.Student.Discounts.<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So many small and large businesses offer student discounts. Sometimes the promos may seem small or insignificant\u2014like 10 percent off\u2014but remember that every little bit helps!&nbsp;&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Dubliners, you\u2019re in luck! This busy, uni-dense city offers tons of discounts. Hop over to <\/span><a href=\"https:\/\/stafferton.dev\/livstudent\/2019\/06\/26\/taking-advantage-of-student-discounts-in-dublin\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">our exhaustive guide<\/span><\/a><span style=\"font-weight: 400;\">, to learn more.&nbsp;&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another fabulous tool is the National Union of Students\u2019 (NUS) <\/span><a href=\"https:\/\/www.totum.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span style=\"font-weight: 400;\">TOTUM card<\/span><\/a><span style=\"font-weight: 400;\">. TOTUM serves as your discount card for retailers, restaurants, concerts, and much more. The card costs \u00a314.99 for a one-year membership.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Take Advantage of Free Events and Perks<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Your university and student accommodation definitely offer free events (with food, drink, fun activities). Tuition and rent payments include those opportunities\u2014so take advantage of them! Why pay to go out, when you can go to amazing, free events?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(PS: LIV\u2019s <\/span><a href=\"https:\/\/stafferton.dev\/livstudent\/experience\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Student Experience Programme<\/span><\/a><span style=\"font-weight: 400;\"> offers expert talks\/debates, food masterclasses, music sessions, pop-up residencies and more!) Spending less means more money in your budget for other items!&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Save Money by Using Budgeting Tips for Students&nbsp;<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Budgeting for uni can seem overwhelming, but taking these few simple steps can help you take control of your money. Use these budgeting tips for students to understand your financial situation and save money while still having fun at uni!&nbsp;<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If there\u2019s one thing you need while you\u2019re at uni, it\u2019s a plan for saving money. With all the studying you have to do, if&#8230;<\/p>\n","protected":false},"author":2,"featured_media":44390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-25807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/posts\/25807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/comments?post=25807"}],"version-history":[{"count":1,"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/posts\/25807\/revisions"}],"predecessor-version":[{"id":44391,"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/posts\/25807\/revisions\/44391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/media\/44390"}],"wp:attachment":[{"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/media?parent=25807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/categories?post=25807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stafferton.dev\/livstudent\/wp-json\/wp\/v2\/tags?post=25807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}