Published on May 30th, 20120
Top 12 UK Money Saving Tips
1. Buy supermarket’s own brands not big brands
Own-brand products can be just as effective and just as tasty as those much higher priced branded items. A good example, there’s no point paying extra for branded painkillers or paracetamol when you can simply purchase a MUCH cheaper own branded product that contains the same ingredients.
2. Make Use of your NUS Extra card
An NUS Extra Card costs £11 a year but offers discounts on a variety of student essentials, for example 11% off a Railcard, 15% off Virgin Mobile, 5% off laptops at Comet and 5% off at Amazon. It can be worked out that the NUS could save a student more than £500 a year – if used regularly and to effect.
Not got one? Grab one here - http://cards.nus.org.uk/buy
3. Don’t get a credit card
Either you should or you already should have an overdraft facility and on top that a student loan. So do you really need a credit card? The answer is no. Credit cards are responsible for the majority of student debt and when you first start living on your own extra purchases can be too tempting. Stick to the money you get from parents, loan or overdraft facility and if needs be, get a small part time job and earn from a little extra cash.
4. Shop and cook together within your household
Sharing shopping costs with friends is a good way to save money. You could also try cooking together can be fun and a great way to bond. Buying a large packet of mince for example could serve 3-4 people and all the vegetables without waste could serve you all for a much cheaper price than smaller portions.
5. Use vouchers
Check out websites the website vouchercodes.co.uk and myvouchercodes.co.uk to get additional savings when you spend at shops on the local high street.
6. Try food Shopping late at night or near closing time
Turn up at supermarkets and markets near closing time and you can pick up heavily reduced food. You should be saving quite a lot of money, and for example when it comes to meat, you can purchase it on the cheap and simply put it in the freezer till you wish to use it up.
12. Shop around – don’t go for the first price you find.
8. Get A Bike Bike
If you live off campus, the easiest and cheapest way to get around is by bike. Most student towns have second-hand bike shops and every University will more than likely have space for you to lock your mode of transport up.
9. Plan your meals
Chocolate and takeaways are expensive and after a while you’ll feel hideous and drained at the lack of vegetables and proper food. Fill your freezer with frozen veggies and stock up on pasta and rice. If you eat meat, put plenty of that in the freezer too. Plan all of your meals for the week and prior to any shopping trips.
10. Learn to Barter
A lot of UK market stall owners will happily sell their items 10% less than the marked price. If you’re charming, chatty and solid with your price you’ll almost always walk away with a great bargain.
11. A 16-25 Railcard
At £28 for a year, or £65 for three years, you’ll save a third on fares across Britain. Perfect if you’ll be visiting friends or family by train.
Not got a 16-25 railcard? Get on here - http://www.16-25railcard.co.uk/buy-16-25-railcard
12. Budget for nights out
If you go out with access to all the money you have in the world, you’ll spend a lot more than if you go out with just enough for one night. Set yourself limits that are easy to stick to and when you’ve reached the limit don’t be afraid to let your friends know that you’ve ran out of cash for the night. If they decide to buy you a drink, you can always buy them one back next time you’re out.