And so another year of children/young adults leave school – looking forward to some summer fun before hopefully starting University in the autumn. As parents we wonder where the time has gone – it seems like only yesterday that they did everything you told them to and couldn’t survive without you – now here they are launching themselves off into independent living. It’s no wonder we worry about them. You will do them a big favour if you teach your children to save money and to spend wisely.
Here are a few hints and tips which you might try sharing with your school leavers:
We’ve all been there, having the time of our lives at University, spending money like it’s water and then realising we have around £10 to last us the week.
Once student fees, rent and living costs leave your account, you’ll find you have little left over. This is when a few key factors must come into play. Almost all Universities boast a great nightlife scene, and although drinks and entry may appear cheaper throughout the week, these little costs can add up quickly.
After Fresher’s Week, it’s time to calm down. By now you’ve probably tried out each and every event, so why not choose your favourites instead of attending each and every club night in the vicinity?
Hold a house party
If you can’t bear the thought of staying in, throw a house party instead. Fellow students will welcome the ‘no entry’ fee policy and purchasing beverages from the supermarket as opposed to the local club will save you a great deal.
Have an evening in
A movie night with friends can be just as fun as a night out and it’s a great way to recover from a heavy week. Splitting the cost of a takeaway will allow you to enjoy your favourite cuisines for less.
Food Delivery with JUST EAT is an easy and hassle-free option, especially as the majority of students are glued to the Internet. Simply use your postcode to source nearby takeaways and place an order online.
Find a job
There are a number of part time jobs available to students, including bar and restaurant work, retail vacancies and club promotion. Many campuses will house a job shop where regular online openings are posted. Club promotion is an easy job to master if you’re willing to promote a certain venue or event. Such a position will often guarantee you free entry to the event as well.
Share with a friend
Instead of opting to live on campus, invest in shared accommodation with a few friends. Sharing bills, rent and food supplies is a great way to cut down on hefty living costs.
Buy second hand books
Most degrees will require you to read up on a certain amount of information, however, buying these books outright can be a little on the expensive side. Looking online and on campus for second books is a great way to cut these costs and many graduates will often sell their old books for a fraction of the original price.