UK is on of the most expensive country in world, but offers the best education and good experience. Most of the people's dream is to study in UK, but unfortunately not everyone can afford to study in UK because of the fees and expenses. There are a lot of international students who struggle to graduate in UK, some of the students cannot get use to the study and therefor they have to extend, every time when they extend their study it cost them a lot, it is not just the cost of tuition fees but it also other cost such as rental, food, transport and personal spending. With the right budgeting plan students can save so much and be able to continue their study if their study depends on money.
- Be careful when you work
- Cutting on social life.
- Stop spending money on electronics.
When new phones come out, don't buy it because every time when you buy those gadgets you will lose the money that could be useful for other important things. Every time when we asked the students few weeks later when they bought new electronics if they will sell it for the 20 percent cheaper than what they paid for it then they all agree. If they want to sell they thing then why did they but in the first place, people realize it only after they buy the things. If students save money on phone then they can save 400 pounds per year after we assume that a phone can last for one year. Saving money on gadgets is one of the important tips in budgeting money for students.
- Stop spending money on clothes.
If you have enough clothes then you don't need any extra clothes to look better than any other people. Students can look better than others with their study, students look really good when they get good grades. Clothes are expensive, one shirt could cost up to 20 pounds, if a students saves money on clothes they can save minimum of 50 pounds a month.
- Share a room.
Room sharing can cut your cost in half but it may increase little bit on utilities, If a room cost 50 pounds per week if your share it with a friends it can cost only 25 pounds and if the utility increase then it will only increase by little because your room mate will also share the utility bills.
- Start cooking at home.
Eating at home is cleanest and at the same time it is a lot cheaper than eating outside. If students cook at home they cut their cost in half or even more than half. Lets say if a student spends average of 15 pounds a day on food by eating outside, this could cost them minimum of 450 pounds a week, this is a lot of money, but if they cook at home they will only have to spend 200 pounds a month but it is also depending on what they cook and how they cook at home. Most recommended is if they eat rice, Asian people save money on food by eating rice, but make sure your don't eat rice like Asians do, because it is not healthy to eat the same food everyday. Cooking at home is one for the important tips to save money for students.
- Saving money on relationship.
Relationships can be costly, but for some other people it can help them to save money, it all depends of the couples. Few say they can save money is if they stop buying gift for each other, if they share the receipt and if they encourage each other to save money. You cannot show your girlfriend or boyfriend your feelings by buying things for them, if you want to show your feelings then best way is by spending quality time together where you communicate about your feelings and your problems.
Conclusion
There are so many more ways students can save money but students can save minimum of 300 pounds a month by just following our tips. That 300 pounds a month can be very useful in important times, but if the students put that 300 pounds per month on fix deposit then they can earn interest and it could be more after they draw the money in a year or two. Students should spend more effort on saving money rather than working extra hours. Students should have a goal and every day they should remind them self about their goal, and they goal should be finishing they studies on time and with good grades.
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