How to make your student loan last that extra few weeks

beans

If you spent your summer holiday getting paid the minimum wage for a mundane job, it probably felt like Christmas morning when first instalment of your student loan came through.

But steady on, that money will actually have to go towards a set of equally mundane bills first.

Seeing as most students are now expected to leave university with around £40,000 of debt, putting in place some financial plans now might save you a lot of financial scrimping over the next few years. 

Here are a few pointers on ways to make the loan last that little bit longer, but without missing out on the joys of being at university.

Because, after all, it is supposed to be fun too.

Entertainment

University is all about the fun, yet spending most nights out and about can really cut into your budget, try these tips to save some cash:

• Dining out in style - take a look at the great selection of websites that let you dine out for next to nothing. Some offer deals like 50% off the bill or free courses etc. Team up with friends and experience food from around the world for up to half the price.
• Tasty takeaways - if you don't fancy dressing up and dining out, looking up vouchers online is also a great way to make sure that you can have money off coupons on that pizza delivery.
• Drink up - we all like a tipple so if you don't want to splash out in the bar then just order online instead. The major supermarkets like Sainsbury's, Asda and Tesco offer great online deals - so just stock up on cider, host your own shindig and get it delivered straight to the door.
• Pot-luck party - gather your fellow scholars together and dig into a splendid feast by asking all guests to bring a dish. Ensure to give them a little guidance first otherwise you could end up with twenty casseroles and nothing for pud!
• The great outdoors - If you don't mind donning your cossie when it is bitterly cold, sign up to The Outdoor Swimming Society and cut out the chlorine. Sign up online, team up with other daring lake-lovers and dive in to swimming hot... or should we say cold spots all over the country. Best thing of all? It's totally free!
• Movie night - we all love relaxing in front of a good film but the price of splashing out on cinema tickets plus popcorn can leave you reaching for the remote instead. But remember you can get 2 for 1 deals for cinema tickets or even grab a free trial at Lovefilm and get them delivered for free.

 

Comment

blog comments powered by Disqus

Calculators

gold-piggyTry our easy-to-use calculators and make your money work harder.

Speak to an adviser

Financial guides and commentaries

Today on Your Money

From the Web

Money tips of the week

Advertisement

Advertisement

Money management tools

Focus on...

shield-pa

Inflation

We reveal how to protect your savings from the destructive impact of inflation.

 

Advertisement

Awards

Your Money Awards

The Your Money Awards, recognising excellence in online & direct service provision.