Additional Student Funding Budgeting Disability Learning Allowance Financial Hardship Financial Support for Care Leavers Gambling Information General money advice Hardship Funding International Students Sharia Compliant Loans Society Hardship Student Finance Student Parents Tips and Tricks MONEY SAVING IDEAS Plan a weekly menu and write a shopping list according to the menu. Stick to your shopping list when in the shops. Packed lunches are much cheaper than bought sandwiches or eating out. Always check out the reduced items and things on offer at the supermarket – for example, supermarkets often reduce fresh produce at the end of the day. Check sell by dates to ensure that you purchase goods with the longest shelf life to avoid throwing food away. Buy in bulk but only when you’re sure you will use the product. If you can cook together, then share the cost of meals between you. Own brand products are cheaper but just as nutritious. Use coupons and vouchers, collect points and offers carefully. OTHER MONEY SAVING TIPS Prioritise - ask yourself whether you really need an item or whether you just want it. Buy in the sales – Christmas cards are cheaper in January. Try your hand at making Christmas/birthday presents. Keep a record of your expenditure and always check against your bank statement. Keep receipts and guarantees in case goods become faulty. Always budget for irregular expenditure – Christmas/birthdays. If sharing a house, see if you can share certain items such as an iron or hairdryer or when cooking or doing a wash load. DO Ensure you know what money is coming in and going out. Keep a record of what and where you spend. Allocate your income to the priority spending first and then the non-priorities. Take advantage of your bank’s free banking facilities. Keep a copy of all correspondence from banks, and/or credit card companies. Acknowledge that if things go wrong financially, it can affect you emotionally and seriously distract you from your studies. Seek advice speedily. The longer you leave a problem the harder it will be to sort it out. DON'T Overspend at the beginning of your first term. Remember your money has to see you through the year. Buy non-essential when struggling to pay for essentials. Ignore signs that spending is getting out of control. Guess at what you are spending. Be afraid to talk to someone and seek advice if you are having problems financially. Talk to your family, the Advice Service, or bank staff. Make rash promises to pay when you know that you can’t. Exceed your overdraft limit without previous authorisation. And finally don’t forget that unexpected things can happen that you may not have budgeted for, so try and keep aside a contingency fund.