Have you ever taken the time to look at your spending and see where your money is actually going? The results can be scary! Here we challenge you to track your spending and to think by giving up, how much can you save up?
Bottle of water
Cost: £1.20 each
If you bought a bottle of water everyday, this would cost you £180 over an academic year!
Cost: £2.00 each
If you bought a takeaway coffee everyday, this would cost you £300 over an academic year!
Cost: £2.75 each
If you bought a sandwich everyday, this would cost you £412.50 over an academic year!
Cost: 70p each
If you bought a chocolate bar everyday, this would cost you £105 over an academic year!
Not sure where your money is going?
Try filling in an expenditure tracker for a week or two. Record everything that you spend, even if its only a small amount. This way you should get a good idea about what and where you spend your money and how often.
Can’t live without it? Find a way to do it cheaper!
We all need to treat ourselves once in a while but there is no reason why it should cost you the earth. Think creatively about how you can save money on your favourite things. For example, why not invest in a thermal cup and make that cup of coffee before you leave the house? As a student you may qualify for a reduction in price on many different things from haircuts to electronics, so it’s always worth asking! Use the internet to search for discount vouchers, special offers and to shop around for the best price. These small savings can really add up!