Top 10 budgeting tips for students

Managing money as a student can be stressful, especially with the rising cost of living and tuition fees. If you’re worried about how to budget and save whilst at university, you’re not alone. To help you manage your student finances effectively and to take the fear out of finance, here are 10 essential budgeting tips for students that will make your money stretch further.

1. Find a part-time job that fits around your studies

Looking for ways to make extra money as a student? Finding a part-time job that fits around your studies is a great way to top up your income. Many universities offer on-campus jobs with flexible hours, including student ambassador opportunities, perfect for students who need to manage their time.

2. Apply for grants and bursaries

Did you know there’s many students miss out on financial aid because they’re unaware of grants and bursaries they may be eligible for. Check your university’s website for details on scholarships, bursaries, or hardship funds to help with tuition fees and living costs.

3. Shop smart: choose supermarket own brands

Wondering how to save money on food as a student? Shopping for supermarket own-label products instead of branded items can help reduce your grocery bill without compromising on quality. Plan meals ahead and make use of loyalty cards to collect points and discounted deals.

4. Buy second-hand or use apps like Vinted

Need to save money on clothing, books, or furniture? Shopping second-hand is an easy way to stay on budget. Use apps like Vinted or Depop for clothing and check local charity shops for cheap furniture. You can also sell items you no longer need, making extra cash while decluttering.

5. Always ask for student discounts

Looking for ways to save on purchases? Many retailers and services offer student discounts, which can save you a lot over time. Websites like UNiDAYS and Student Beans are great resources to find student deals on everything from fashion to tech. Don’t forget to check if travel providers offer student fares too.

6. Cook in bulk and freeze meals

Cooking in bulk can significantly reduce your food costs. Preparing meals in large batches and freezing portions is one of the most effective ways to save money as a student. For recipe ideas, check out the LiNCHigher student recipe book, which offers affordable meal ideas that can be made in bulk, and also taste delicious!

7. Make your own takeaway coffee

Need to cut back on daily expenses? Making your own coffee at home is an easy win. Invest in a reusable coffee cup that can be taken to university with you. Some cafés even offer discounts if you bring your own cup, helping you save money while also being eco-friendly.

8. Split takeaways or make fakeaways at home

Ordering takeaways can quickly eat into your budget. Instead of ordering solo, split the cost with friends to save money, or try making a “fakeaway” at home. There are plenty of affordable recipes online to recreate your favourite takeout meals without breaking the bank.

9. Budget for essentials first.

The key to smart budgeting is prioritising your essential expenses. Set aside money for rent, bills, and groceries at the start of the month, so you know exactly what’s left for non-essentials. Use a student budget planner or app to help track your spending and stay on top of your finances.

10. Use budgeting apps to track spending

Budgeting apps like Monzo are great tools for managing your finances. These apps let you track your spending, set limits for different categories (like groceries or entertainment), and send reminders when bills are due. Keeping your student budget organised is easier with a digital tool.

Budgeting as a student doesn’t have to be overwhelming. By following these top budgeting tips for students, you can take control of your finances, reduce stress, and make your money last longer. Whether it’s finding a part-time job, using student discounts, or cooking in bulk, every small step helps towards achieving financial stability during your university years.

For more student budgeting tips and advice, make sure to check out our Silencing Student Finance Fears video on the LiNCHigher YouTube channel.