What are your top tips for managing your money?

I was never good at budgeting but student life made me change for good! Here are some of my tips to make sure you don’t break your bank—

1. Budgeting— Estimating costs for expenses like groceries, eating out, travel etc can go a long way. The first few months may be hard but once you get the hang of it, make sure to keep them under your budget. 💰

2. Discounts— As a student, discounts can be lifesavers. Starting from groceries to food, fashion and technology, there are plenty of discounts available. 🛍️ Sign up for apps like UniDays, StudentBeans for discount codes. Also sign up for reward programs and memberships (which are almost always free) with Sainsbury’s, Tesco etc. If you commute frequently, getting a railcard or a travel pass can save you a lot in the long run!

3. Save ahead— Instead of just carrying over previous balance as savings, it’s best to cut out a small chunk of your monthly budget into savings. Whether it’s £10 or £100, you’ll have extra funds for a rainy day. 💷

4. Stop converting GBP to your home currency!— If you’re an international student, it may be habitual for you to convert GBP into your home currency and vice versa and feel restless about your expenses. This isn’t helpful and makes it harder for you to see what is genuinely expensive and affordable locally.

As an overseas student at Kingston University, my golden rules for making money smartly include securing an affordable studio room for ultimate savings. Kickstarting my day with homemade coffee and tea not only tastes better but is a wallet-friendly choice. Whether whipping up meals at home or ordering in, meal prep is a game-changer for savings. Don't forget to set a weekly budget for financial peace of mind. And here's a pro tip: explore the university's coupons, and leverage the 'UniDays' app for exclusive student discounts.