When you’re living from student loan payment to student loan payment, it’s difficult to make it last. Yeah sure, you can get a part-time job, but there are actually other things you can do to make sure that you’re getting the most out of your money.
First up, if you have a car, this is something you NEED to know about. Also, thank you for your service. People with cars in university are the unsung heroes of the campus. Almost as underrated as the person who pays for the Netflix subscription while everyone else benefits – thank you.
When you’re choosing car insurance, it feels pretty overwhelming. You try price comparison sites, but then there’s some companies who aren’t on price comparison sites (and they’re pretty proud of it). Then you have black boxes… it’s all a bit of a nightmare.
A new app called honcho is flipping this on its head – almost literally. Instead of you going out and finding the cheapest quote, they make the companies bid against each other for YOUR business. You just pop in all of your details, and then the insurers come to you – nice.
Sadly, when it comes to insurance, young people face the highest quote. The average cost is £1,197 for a fully comprehensive policy. That’s huge. The reason behind it is that 18 to 24s are considered the ‘riskiest’ on the road.
If you fancy checking it out for yourself, download the honcho app or head over to their website and see what it’s all about.
2. Sell your old textbooks
We all know how expensive university books are. You pretty much have to take out a mortgage for all the texts you need. It’s a nightmare. Luckily, you can sell your books on after you’re finished with them. Alternatively, you could just take pictures of all the pages and then sell it on. There’s ways around it.
If you Google ‘sell university books’, you’re faced with a wide range of websites that aim to make this process as simple as possible. So what are you waiting for? Get yourself involved.
3. Sell your time
This particular practice seems to be getting more popular every single day. It’s basically like having a freelance job, but you don’t know what you’re going to do. Someone might want to hire you to subedit their essay, or clean up their garden… it could be anything. You just pick and choose which jobs you’d like to do (and what times you’re available) and off you go.
You’ve probably heard of Fiverr, which really got this idea off the ground, but there are lots of other places you can go. Also, if you love dogs (who doesn’t?!) then there are also services where you can get paid for dogsitting. If that’s not the dream then I don’t know what is.
4. Only buy reduced food
This is a bit of a challenge, but stay with me. When you’re shopping for food, it can be really easy to pick up the first thing you fancy and shove it in your trolley. However, a lot of people have figured out that they can get absolute bargains by going to supermarkets at certain times.
When stock is almost past its sell-by-date, they will reduce them heavily. You will have definitely seen them (usually little yellow stickers), but finding out what time they put them out is the key. The best thing to do is ask a member of staff, and then make sure you’re there when the food is reduced.
If you get into a habit of doing this, and even make it into a challenge, you’ll discover foods you’d have never tried before, and you’ll save a tonne of cash. Happy days.
5. £10 night out
We all know a bit part of university life is socialising. We’re all in the same boat when everyone is a bit skint, so why not turn it into a game? The ‘£10 night out’ challenge is something I used to play with my friends in university, and people get very creative. The whole rule is that you only spend £10.
And it doesn’t just apply to drinking! Why not check out free things to do in the city? Museums, parks, art galleries… the possibilities are endless.
Try following all of these tips, and you’ll notice that your bank account is fatter without having to give up nights out or decent food.
Part of a paid partnership with honcho.