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Saving for a safety net

A blog by Georgia, Student Funding Advisor.

If you have room in your budget to put some money aside for savings, it can give you real peace of mind, as you know you’ll be prepared for unexpected expenses. Even if you can start off small, it's worth it.

So, how to get started?

The best thing is to have your savings going into a different but still easily accessible bank account, so you can’t accidentally spend it! Many bank accounts will let you set up a savings account attached to your existing student bank account, making it easy to move and manage your money between pots. If you’d like to open a new account, Save the Student's 'Best Student Savings Accounts' article can help you find the best savings account for you.

The best part is, that most savings accounts will gain interest on everything you put in - who doesn’t like free money?

If you’re unsure if you have the discipline to start saving, then an automatic savings app might be for you. These apps are linked to your bank account and will automatically save money for you based on how much the AI thinks you can afford. Check out this article on automatic savings apps to find out how they work, and discover the best app to get you started towards your savings goals.

If you need any support with your money during the year you can contact Student Funding Support by email ( or telephone (024 7615 0096) Monday to Thursday 8.30 – 5.00 or Friday 8.30 – 4.00. Alternatively, you can drop in and see us by going to the Wellbeing Reception in Senate House between 10am and 3pm Monday-Friday.