Budgeting involves planning out how much money you can spend based on how much you earn or receive. As students tend to have several sources of income, calculating this can get a little complicated. Follow this link for a step-by-step guide.
Get the most out of being a student by using an NUS TOTUM card to access big discounts at Co-op, ASOS, Odeon, and more.
We also have our own student discount platform over at LUU Deals, where you can find special deals, discounts, and freebies.
When joining a bank, select a student bank account to enjoy student benefits. The best we can suggest is Santander – the only account with a guaranteed 0% overdraft each year, plus a free four-year railcard.
New banking apps like Monzo and Starling Bank have useful tools for gaining insights into your spending habits, and for budgeting and saving in a convenient and flexible way. These apps allow you to set limits, keep your money divided into different pots and give warnings when you go over budget.
Always compare your options before booking anything to make sure you’re not wasting money. Check different routes and different travel options (Can you walk there? Is there someone you can share a lift with?) and try different times to avoid peak-time prices.
If you’ll be travelling by train, book tickets in advance for the best prices. If you travel by train frequently, invest in a student railcard, which gives you ⅓ off all rail journeys. Occasionally, there are different prices for the exact same train journey. There are several websites that will calculate your cheapest option:
traintickets.com | mytrainpal.com | trainsplitting.trainsplit.com
When travelling by bus, choose First Bus for student discounts. If you’ll be using the bus frequently, First Bus offers weekly, monthly, term-time, and annual bus passes that will save you money.
For longer journeys, choosing a coach can often be much cheaper than the train. MegaBus, National Express, and Flix Bus have plenty of great deals for fast and direct travel at low prices.
If you’re living away from home for the first time, you’ll need to get kitchen utensils and homeware accessories alongside your course materials and stationery. Remember to ask around before buying anything. If you have someone to borrow what you need from or if someone is looking to throw something away, ask if you can take it.
Buy second-hand where possible. Websites like eBay and Depop offer tons of second-hand items at affordable prices. You’ll also find plenty of cheap and unique hidden gems in charity shops, such as on Headingley High Street. For course books, always check the library first, or ask your coursemates to borrow instead of buying. If you do need to buy a book, try studentmonkey.com or unibookswap.co.uk.
Going camping but don’t have a tent? Need to repair your bike but missing the tools? Save yourself a trip to an expensive hardware shop and visit the Library of Things in Headingley, where you can borrow tools, homeware, sports equipment and more.
Want to save money and reduce food waste at the same time? Too Good To Go is an app that connects users with cafes, restaurants and shops to sell unsold food for cheap prices (or for free) at the end of the day. This avoids unnecessary food waste. Olio is similar, but connects neighbours and local businesses with each other, so that surplus food can be shared for free.
Leeds is a place of many food markets; take a look to find fresh, local produce, often for cheaper prices than in a supermarket.