1. Pick the best student bank account - make sure you’re taking advantage of the student bank account with the best interest free overdraft (even if you're already a student, take a look as you can switch and gain) by checking out Money Saving Expert's website
  2. Work out your budget - keep control of your expenditure and ensure you're not left without cash. Try the online budget calculator tailored for BCU students
  3. Avoid credit and store cards - if you don't have an income you can't repay the debts which means the interest will compound and build quickly leaving you owing serious cash. For example, a debt of £1500 on a credit card with a rate of 15.9% over 9 months could mean you having to pay £176 in interest alone.
  4. Buy a travel pass - If you’re a regular bus or train user it’s likely that you’ll save money if you buy a travel card. A student bus pass can save you over £300 and full time students (of any age) can get 1/3 off train fares with a 16-25 railcard.
  5. Get help with health costs - students are not automatically exempt from paying for health costs such as prescriptions and dental charges. But you can apply for help on the basis of your low income. To do so you need to fill in a HC1 form. Ring 0845 610 1112 for a copy.
  6. Buy an NUS Extra card - the student discount card costs £12 and entitles you to exclusive discounts with the likes of Amazon, Pizza Express and Odeon. Buy it at your Students' Union reception or online.
  7. Get discounts using your institution ID card, or other, free, student discount schemes like Unidays and Student Beans.
  8. Make sure your tenancy deposit is protected - this may not save you money right now but it could when you come to move out. By law, deposits must be put into a tenancy deposit protection scheme.
  9. Cut down on your utility bills - click here to find the best value-for-money options.
  10. Turn the thermostat down - save up to £30 on a £300 annual heating bill just by turning the thermostat down by one degree.
  11. Take advantage of student discounts on computers and software.
  12. Save money when printing at uni - print mutiple pages on one sheet of paper by selecting the option on the print driver.

For more information on any of these tips or for any other money advice contact the Advice Centre.

Check out Money Saving Expert for 60 tips stretch your student loan.

 

Here are some of our students' top tips from our #NationalStudentMoneyWeek Facebook and Twitter competition:
 

Joey Moxley:  “Never ever, ever buy anything online without googling a discount code first, you could also download the honey browser extension that searches the internet for the best available discount code available so you don't have to ;) #notspon”

 

Chloe Tinsley: “Whenever you do a food shop ALWAYS check the 'savers offers' actually are legit- most of the time they are not and there's an even cheaper alternative elsewhere- so as an example they often might say buy 4 tins of chopped tomatoes etc. For £2 but individually buying the 29p tins comes up to only £1.19. Lil things like that go a long way! Finally don't bother with branded food products- shops own versions are exactly the same and you won't be paying for a logo rather than better quality.”

 

Livi Wood: “withdraw your weekly budget out in cash and don't take your card with you out and about, that way you won’t spend money so easily.”

 

Ibrahim Ilyas: “Consider your weekly budget and then assign portions so you know how much to spend on each item/service etc. That way, you can forecast savings and also prepare for any future unexpected high spending. ??”

 

Hiew Vui Lam: “Join free competitions because you might win rewards that might be paid for.”

 

Theresa Kuhn: “1.For deals on food hit Tesco stores around 7/8 or just before closing, that's when they usually reduce their stock especially sandwiches to really cheap prices, or you can pick up ready meals for like a pound!

2. For deals in clothes shops, never buy full price, always wait a month till it’s been in store and some discounts will then start to occur.

3. If you can, save a fiver a week by setting up a standing order to a savings account or other bank account. At the price of a coffee and piece of cake, it's not much to save each week but they will soon build up so you have a bit of money saved aside for a future purchase or fun day out!”

 

Katerina Scourse: “Budgeting weekly food shopping. And keeping receipts on what you spend”

 

@BrumCouch: “As u sign up to phone contracts, insurance, Sky/Virgin, utilities, etc, add a calendar reminder in your phone so u know when the deal is up 4 renewal. You can then haggle a better deal (or reminds u to give notice to cancel ur contract). It also helps u know when money is due”