Money–saving tips are crucial for every student, abroad or at home, to meet academic, financial, and life goals. Money–saving tips are simple rules you must abide by. These can include avoiding impulse purchases, choosing needs before wants, understanding your budget, avoiding eating at fancy restaurants, etc. In order to help students live their lives to the fullest, we have some amazing money–saving tips. These money–saving tips will make students more responsible and disciplined towards their academic and personal lives.
Life in Glasgow
Glasgow is Scotland’s largest city, and every neighborhood has a vibrant energy, filled with exciting places and entertainment venues. Glasgow is famous for its architecture, the Oldest Football Team, Celtic Park Stadium, Kelvingrove Art Gallery and Museum, and other tourist attractions.
For students, there is the University of Glasgow, ranked #33 in the QS Rankings list, the University of Strathclyde, and other colleges. These top institutions are known for their academic excellence, unique programs, exceptional teaching methods, and world-class research facilities.
Glasgow is a great city for students and young professionals looking for academic and career opportunities. There is a welcoming environment, enabling students to build connections and become part of the city’s beautiful network.
10 Financial Tips for Students to Live in Glasgow
Before making financial goals or learning money-saving tips, it is important to know about the cost of living in a particular city. Cities like Glasgow are relatively inexpensive compared to other popular UK cities. House rent in Glasgow is comparatively lower than in London or Edinburgh.
To assist students with their financial goals in Glasgow, we have listed 10 money-saving tips.
Plan Finances in Advance & Make a Budget
The first pro-money-saving tip for students living in Glasgow is to plan your finances in Advance, at least a month before, and set out a realistic budget. Try to add only essentials to your budget, like tuition fees and stationery items, house rent, food and groceries, utilities and bills, travel expenses, and others. The cost of living in Scotland is £18,000/ year.
Find an Affordable Student Accommodation
Once your budget has been set out, it’s time for you to look for Glasgow Student Accommdoation. Some of the most affordable student accommodations in Glasgow are Boyce House Residence, Gallery Apartments Glasgow, Dobbie’s Point Residence, Bridle Works, etc.
Get a Part-time Job
What a great experience when you can work while studying. International students in the UK can work part-time for up to 20 hours/week. To make a living, students must work part-time. Some of the best part-time job options for students in Glasgow are Retail Assistant, Hospitality Staff, Delivery Driver, Tutoring, Library Assistant, and Freelance Work.
Cut Unnecessary Subscriptions
To meet financial goals in real time, it is important to cut unnecessary subscriptions. This means evaluating and canceling any recurring services or memberships that are not listed in your “essentials”. This can be done by reviewing your bank statements, listing all subscriptions, evaluating their usage, and considering cheaper alternatives.
Cook At Home
It’s time for you to learn how to cook because this can save you a lot. It’s always wise to plan your meals for the entire week to avoid last-minute takeout. Some students follow the practice of “Bulk Cooking”, where a large amount of food is cooked at once, and then stored in the fridge for later consumption.
Utilize Your Health Insurance
It is mandatory for every student to have valid health insurance. If you have one, why not utilize it to meet your medical expenses? Understand the health insurance policy available at the university or purchase comprehensive medical insurance.
Use Strathclyde Partnership for Transport (SPT)
Glasgow has its own public transport system, known as Strathclyde Partnership for Transport (SPT). Using SPT smartcards, you can commute anywhere in the city. The SPT smartcards require a subscription of 26 days, 6 months or 12 months at a much affordable price.
Shop During Sales
Shopping in malls are grocery stores can be expensive in Glasgow. Therefore, to meet your financial goals, students must act smartly and shop during sales. There are festive, end-of-season, and other popular sales at stores like Tesco Express and Sainsbury, where you can buy daily-use items at a must cheaper rate.
DIY Repairs
It is important for every student to learn basic skills to fix minor issues in the house. There are free online tutorials on YouTube where you can learn easy life skills and avoid unnecessary expenses.
Automate Savings
One smart money–saving strategy is to automate transfers to your savings account on your payday. This will limit your expenses, and in time, you will have handsome money in your savings account for the future. You can also download money-saving applications to round up your purchases, like Qapital or Ibotta.
Conclusion
Lastly, money–saving tips are essential for every student in Glasgow to meet their financial and academic goals. By saving money on travel, food, accommodation, and other things, students can have a huge sum by the end of the year. This saving can be utilized for essential purposes or emergencies.