Money saving tips
Coming to university can be a big change and for many it's the first time managing your own money. This might seem daunting, but don't worry, there are plenty of ways to control your spending and save money whilst at university!
A quick guide to budgeting
Budgeting takes a little planning, but it really helps you stay on top of your money - knowing what’s coming in and what’s going out can make a big difference.
- 1. Know your income
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Common income sources for students include:
- Student Loan
- Support from family or friends
- Scholarships or bursaries
- Part time work
- 2. Know your expenses
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Typical student expenses include:
• Accommodation
• Bills (gas, electric, Wi Fi, phone, insurance)
• Food and groceries
• University supplies (books, laptop, stationery)
• Travel
• Clothes
• Socialising and entertainment
Smart ways to save on everyday living
- Choose the correct bank account
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- Choose your bank account carefully - interest rates change, so review them regularly
- Avoid bank accounts with daily fees. If yours has one, switch!
- If you’re paying interest on credit card debt, look for a 0% balance transfer deal
- Transport costs
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- Young people under 22 years can get free bus travel across Scotland. If you are eligible, you'll be able to apply for a card to access Scotland's Young Persons' Free Bus Travel Scheme
- You can loan bikes on a library loan basis with a fully refundable deposit with BECYCLE
- Healthcare
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- There are free sanitary and sexual health products available across campus for those who need them
- If you need any medication, check with your pharmacy if this can be supplied for free under the Pharmacy First Scheme
- Shopping
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- Make sure to utilise student discounts and deals such as UniDays, Totum and StudentBeans
- Consider charity shopping or shopping second hand. The Students' Union also operates a zero-waste shop, swap shop and food sharing hub in the Students' Union building