student life London

Top 10 Ways to Save Money as a Student in London

Are you feeling excited about your studies in London? Maybe, you are a little anxious about managing your finances in one of the most expensive cities in Europe? We know what it is like to be a student. In order to make your experience more enjoyable and less nervous, we have put together 10 tips on how to manage your finances and even save some money in the best possible way while studying in London.

Student Cards

Make the most use of your university student card. Once you receive your card, you will have a chance to use the discounts in many different shops, restaurants, public transportation, and even gym and sports clubs. On your university webpage, you can see the list of partners of your uni that provide the students with extra discounts. Don’t miss the chance! For online purchases, register with UNIDAYS. This will allow you to receive a code so that you can use it for discounts on online purchases.

Freebies 

Do you want to have a meal but not pay for it? Easy! You can find free meals, free drinks and even free tickets special for students on different occasions in London. We advise you to check this webpage to have an idea of the concept of freebies. Basically, many restaurants have partnership offers that you may observe on the webpage, which makes you eligible to take a ready meal, grocery, and many more from different restaurants just for free.

Shopping

In order to make the most value of money, you need to consider making the smart decision on supermarket choice. Opt for the one that offers student discounts, that may have weekly discounts on some products that you use the most. You can join the family members so that you can gather the points from your shopping and eventually you will have a great amount of money. Also, there are discounts for family members in the supermarkets regularly, which you can take advantage of by having that card.

Learn to cook

We know that students going to other countries always want to have fun, meet with new people and stroll around the city discovering new places. Most of the time, you end up eating in some burger house or any other coffee shop outdoors. Unfortunately, as it seems fun, this also affects your wallet and makes it tinier day by day. To avoid day, it is better to start cooking in your kitchen in the flat or use the communal kitchen in the student accommodation. If you are not the best cook, it is totally fine, as time passes you will master it and will see how enjoyable process it may be if you are even cooking with your friends. Maybe, before going abroad, you can make a list of your favorite dishes and products needed for them and stick to that.

Part-time Job

If you see that you are running out of your budget, the best possible way to survive may be to find a part-time student job. Since you are a student abroad, you will more likely not be allowed to work full-time on a proper job with a high salary. However, there are many options for students to find part-time or hourly-paid jobs in London. You can see the list of available ones at the moment here.

Books

Once your studies commence, you will be asked to find the books from the reading list. The very first thing that students do is that they search it online and order it, or go to the bookstores to find the right book. However, the prices for books are high enough to spend on for students. To find a solution, it is good first to go to the university library and see if they have it. The second piece of advice is to search online pdfs of that books on your university e-library. If none of the above is applicable, you may search in the buy-and-sell groups to buy the used one, or borrow it for some period of time from your friend, scan or copy the book and return it back.

Transportation

It is good to have accommodation that is close to your university campus so that you do not spend money on public transport. We advise that you avoid taking Ubers, Bolts, or any other British taxi service while committing from one place to another since the taxi in London charges a lot. You can use bikes and ride to the destination. You can walk to your destination, which is also good training for your body and health. You can buy an Oyster card for using buses and subway with student discounts and monthly instalments.

Entertainment

As an international student, you will wish to spot every single landmark of London. It is totally fine to visit new places, but do not get upset if you are on a budget. There are many free museums, galleries, parks to mention but a few you may attend just for free. Grap your ready meal, meet with friends to do some picnic in the fresh air in some amazing park in the heart of London.

Planning 

Planning is very important. Both in your personal and student life, it is advisable that you know what and when are you going to do. This should be done with your finances as well. At the beginning of each month, plan your budget, consider everything that you need to spend money on the upcoming month, taking into account extra charges that you may have depending on unforeseen situations. As the months pass, you will be able to more clearly identify the main areas where you spend more money and adjust it to your monthly budget.

University gatherings 

Join all the events organized by your university. First, they give you free food. Yummy! Secondly, sometimes, they organize free trips for students to the famous spots of the city. Next, you can get vouchers or trial tickets for a gym, book stores, or restaurants. You can find friends at those events who may be your potential roommates in the future.

About the Author

Helen Miller

Helen Miller is a freelance writer at Usevoucher. She covers personal finance topics in a syndicated column that appears in Financial Planning Magazine. Her work has been featured by Market Watch, Digital Journal, Chicago Tribune, USA Today, and Yahoo Finance. Helen has a bachelor’s degree in finance from the University of California, Los Angeles.