Want to learn about saving money effectively? Here's out top tips

 

As a student, it can be hard to keep track of your finances. You’re just too busy to keep a note of what’s coming in and what’s going out. Plus, students aren’t known for being some of the most well-off in society, so often, you don’t have much money in the first place. It’s not the best feeling, is it? But there are ways that you can make your money go even further, often without having to make huge sacrifices. Read on for our top tips for saving money effectively.

Switch and save

 

An easy, but not so quick way of saving money is to make sure you’re getting the best deal on any contracts and services that you may have with a provider. By this, we mean anything such as mobile phone contracts to gas and electricity services. Shop around for the best deal, and if you find that you can save money, then switch! It’ll only take minutes in some cases. Sites like uSwitch and moneysupermarket.com are good places to start.

Round up your change

 

These days, most people use their card, or even their mobile phone to pay for things online or when they’re out and about. Banks have cottoned on to this and are offering account holders simple ways to save money, without even knowing that they are doing it! This is done by rounding up your transactions to the nearest pound and moving the difference into a savings account. 

For example, if you pay £3.60 for a coffee on your card, your bank will round it up to £4 and deposit the 40p into a savings account. It soon adds up. Banks such as Monzo and Lloyds Bank offer such a service.

Be tough on yourself

 

It’s so easy these days to splurge the cash on things that you really want, especially when you can do it from the comfort of your own home. It’s also very easy to spend far too much money on a night out as well. In these instances, a bit of self-restraint is what is needed. 

It’s tough, and will take a bit of practice, but ask yourself: ‘can I really afford this?’, ‘do I really need it?’ and ‘do I really want it?’ If you’re not sure, then don’t spend the money. You’ll find that this tip will enable you to be saving money effectively in no time.

These are some ways on saving money effectively

 

Now you know some great tips to saving money effectively, you can spend some time finding your accommodation that you will live in when you get to Uni. Here at Studyflats, we can help.  Check out the student accommodation which we have to offer in near your University.

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