With the way the world is at the moment, it's a great time to take every opportunity you can get to help out your finances. Grocery bills are at an…
The biggest secret to getting a well-paid job, is to be the best candidate for the position. If a company is desperate to recruit you, they will be more open to negotiation of your starting salary.
Being the best candidate for the position can largely fall down to personality and suitability for the role- if an interviewer gets a good vibe from you- that’s half the battle! BUT there are things you can do to make your CV stand out in the first place to get you on that all-important interview list.
Budgeting as a student can be slightly more tricky that budgeting when you have a full time income. Your income might be varied, and you might have lump sums paid into your account each term rather than a monthly salary.
That said, there is no better time to start learning about budgeting, and making this part of your day-to-day routine- it’s a great habit to take with you into full time employment and adulthood.
Thankfully, unpaid internships are now illegal in the UK- so the likelihood is that you will be compensated for your time when you undertake an internship as a student. However, if your internship is in London and you have no family or friends living in London, you will still need to save up the cash to live there for a month or two.
It’s difficult, but not impossible to support yourself whilst interning. Before you undertake your internship (and perhaps even before you’ve had confirmation of your placement) you might want to save up some money to help pay for the cost of interning.
If you can fit it around your studies, university is a great time to start a business. You are networking with likeminded people every day, you have access to tons of resources, and you have time on your side. If you make a mistake, you’ve got plenty of time to fix it. It’s also a brilliant thing to have on your CV when you are looking for a graduate job.
So how can you start a new business whilst you are at university?
Young adulthood is the perfect time to learn great money habits to see you right through the rest of your life. Being financially secure as an adult is vital to stability and can help to maintain good mental health too.
Anxieties about money are a huge problem for many young people in the UK today. By looking after yourself financially in your teens and early twenties, this can help ease money worries in the future and enable you to have a good relationship with money.
Learning how to save money on groceries as a student is a brilliant way to set yourself up for the future. Groceries are likely to be one of your biggest areas of expenditure, so it’s a good to have some ideas up your sleeve about how you can reduce this cost.
Food is an absolutely non-negotiable expense, and whilst you want to make sure you’re sticking to a good food budget, you also want to make sure that you are not restricting yourself too much in this area.
To succeed at university you still need to try and eat a relatively balanced diet to stay happy and healthy during one of the most important times of your life.
University is going to be expensive enough as it is, so you don’t want to go buying unnecessary items before you head off for your first term. The money that you save before you head off to uni, will be much better used once you are at university.
Here is a list of things that you really don’t need to buy before going to uni- they’re expensive, and they’ll be a pain to move when you need to move out of halls after your first year. And if you really need something once you move in? You can buy it.
Managing your money as a student can be a challenge- you’ve never managed lump sums of money before, paid bills or even learnt about personal finance at school. But right now is the absolute best time to form good money habits, before you enter the world of full time employment.
There are a ton of ways to manage your money, but we already spend so much time on our smartphones- so why not use them to our advantage and use them to help save money?
Sometimes (or maybe a lot of the time!) you’ll be in need of a little extra cash while you’re at university.
Even once you’ve tried to spend as little as possible on food and nights out, you might still want to find a way to get some more money into your bank account. This is the time where you could investigate some side hustles to earn some extra money towards enjoying some of the fun parts of university!
You’ll likely to have a little spare time between classes and studying, so it’s a great time to start a side hustle which could even help you make extra money for years to come.