Budgeting tips for when you’re at Uni

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When your student loan drops into your bank account, at first it seems like a lot of money. Almost rich beyond your wildest dreams! However, it's worth thinking about ways to make your money last, because it certainly won't be around forever.

Make a budget

Budgeting can be key when it comes to keeping tabs on your money, so you know exactly what's coming in and going out. UCAS has a budget planner which can help you!

Make sure you take your budgeting seriously. When money is tight you will need to spread your income wisely to ensure it covers the entire term in which it is allotted. By spending sensibly and planning, your money should be able to go a long way.

Look into the NHS Low Income Scheme, you may be eligible for a discount towards costs such as Prescription Charges, Dental Charges and Optician costs.  This is not guaranteed, as it will depend on your student income. You can download the form via https://www.nhs.uk/NHSEngland/Healthcosts/Documents/2016/HC1-April-2016.pdf  

Be smart when you shop

There are many discounts that are on offer for students but one way to make the most out of any discounts is by applying for a Totum card.  Totum were formerly known as the NUS card and with this card you can get discounts in both high street and online stores. More about Totum cards.

You can also buy in bulk and batch cook meals or take packed lunches rather than buying food while you are on campus.

Save money on travel

If you travel for university or like to get around the country why not grab yourself a 16-25 railcard to save a third on rail fares.

If you are a mature student, you could take a look at the new 26-30 rail card this also gives discounts on rail fares.

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