How to be savvy with savings as a student.

Lincoln University

Jonathan Watts-Lay, Director, WEALTH at work, comments in The Express on how students need to learn key budgeting skills and should start by making a list of their monthly spending.

Watts-Lay suggests checking bank statements and making a list of what individuals are spending each month, he said it may be helpful to; “Divide these into utility bills, supermarket shopping, mobile contracts, insurance, subscriptions and other spending to highlight where savings could be made.”

Watts-Lay also proposes students should consider whether they need subscriptions services such as Netflix and Spotify or the latest mobile. He says; “If your contract is nearly up, look for a cheaper tariff or think about a SIM-only deal. Also, make the most of any discounts, such as the NUS Extra card, or through StudentMoneySaver.co.uk, MyUniDays.com, SaveTheStudent.org and StudentBeans.com.”

To read the full article in the Express, please click here.

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