Money-Saving Tips for Your First Term
Living on a student budget can be challenging, but there are plenty of ways to save money while enjoying your time at university. Here’s a guide to help you make the most of your student accommodation in Lancaster without breaking the bank.
Student Discount Cards
As a student, you have access to a range of discount cards that can help you save money on almost everything. The TOTUM card, for example, offers discounts on food, clothing, tech, and travel. Another great option is the UNiDAYS app, which provides discounts for a variety of online and in-store purchases. Always carry your student ID as many local shops and restaurants offer student discounts too.
Cashback Websites
Cashback sites like Quidco and TopCashback can help you earn money back on your purchases. Simply sign up, shop through their links, and earn a percentage back on what you spend. It’s a great way to save on your regular shopping.
Set a Realistic Budget
Managing your finances effectively starts with setting a budget. Allocate specific amounts for essentials like food, transport, and social activities. Budgeting apps can be really helpful for keeping track of your spending. If you're living in student accommodation with all-inclusive bills, like those at Bailrigg Student Living, it simplifies things by combining utilities and rent into one payment.
Charity Shops
Lancaster is home to several charity shops where you can find great deals on clothes, books, and household essentials. Shops like St John's Hospice and British Heart Foundation often have a wide selection of second-hand items in good condition. Shopping second-hand is not only budget-friendly but you might even stumble upon a vintage fashion bargain!
Local Markets
Lancaster has some fantastic local markets where you can buy fresh produce, baked goods, and more at reasonable prices. The Lancaster Charter Market, held every Wednesday and Saturday, or the Farmers Market on campus, are both great places to find bargains and support local vendors.
Affordable Halloween Ideas
With Halloween just around the corner, it’s time to get creative without spending a fortune. Consider making your own costumes using items from charity shops or things you already have. Hosting a movie night with friends in your student flat is another cheap and fun way to celebrate. If you’re feeling creative, you can even have a pumpkin carving contest!
Free and Low-Cost Activities
Lancaster offers plenty of free and low-cost activities. Instead of splurging on expensive days out with your flatmates, explore the beautiful countryside, take walks along the Lancaster Canal, or visit the city’s museums and galleries. The city also has numerous parks that are perfect for a relaxed day out.
Batch Cooking
Cooking your meals in bulk can save both time and money. Spend a few hours each week preparing meals, then freeze them in portions. This way, you always have a home-cooked meal ready to go, which helps avoid the temptation of ordering takeaways.
Comparison Sites
Before making any big purchases or signing up for services like insurance, use comparison sites like Compare the Market, Confused.com, and MoneySuperMarket. These sites can help you find the best deals and save you a significant amount of money.
Get Involved in University Events
The SU will often host free or low-cost events for students. From film screenings to workshops and socials, these events are a great way to have fun and meet new people without spending much money. Keep an eye on the events calendar.
