As well as helping you make extra money online, at Profit Accumulator, we like to help you save cash as well.
A significant section of our 20,000-strong membership are students, successfully topping up their income.
Our friends at Mystudenthalls.com have provided some suggestions to save money as a student. In fact, following all 11 pieces of advice could save you more than £1,000 a month.
1. Quit smoking
Average monthly saving: £250
Not only is smoking a horrible habit; according to Smokefree, the average smoker saves £250 each month by quitting. In your first month as a non-smoker, you would have saved enough to buy yourself a new Xbox One 500GB Console.
2. Make your own coffee
Average monthly saving: £49
Most of us are guilty of buying a morning coffee to kick off our day. Considering the average cost of a medium latte from Costa is £2.45, you’d be shelling out at least £12.25 each week (even more if you’re treating yourself to a coffee on weekends too) – that’s £49 per month.
Invest in a reusable ECoffee Cup for around £10 and make your coffee from home to take in with you. With the £39 left over, you could catch a return flight to Alicante!
3. Make your own lunches
Average monthly saving: £34
Just like coffee, it’s easy to end up spending far more than you realise on lunches each day. Even if you’re trying to save pennies by going for a £3 lunch meal deal, you’ll be spending £15 a week. That’s £60 each month.
Buying the ingredients to make a similar lunch at home would cost around £8.50 each week. This is one of the best ways to save money as a student. So, making this small switch could help you save around £34 each month. You could even use the savings to restock your kitchen with all the cookery equipment you need to make more adventurous meals!
4. Cancel gym subscriptions
Average monthly saving: £25
It’s easy to get sucked into that gym membership you always mean to use … but never do. But if you’re being careful with the pennies, this will add up. Even with a student discount, you could be spending around £25 each month on a gym membership when you can still get some exercise by going for a run. That month’s savings could get you a basic pair of running shoes to get you out in the fresh air.
5. Ignore council tax bills
Approximate monthly saving: £100
If you’re a full-time student and either live on your own or only with other students, you’re exempt from paying council tax. Not only is it great fun to live in student accommodation with your friends, you’ll be spared around £100 a month depending where you live.
Feeling hungry? You could spend that £100 on six large margarita pizzas…
6. Clean up
Approximate income: £50
If there are a whole load of items in your wardrobe you no longer wear, it’s probably time to have a clear out. If you sold 10 things for £5 each on eBay, you’ll be quids in. As well as earning £50 just by getting rid of things you don’t want any more, decluttering helps clear the mind so you’ll find it easier to concentrate on your coursework. Maybe that £50 should go towards new textbooks?
7. Get into gigs for free
Average saving: £60
If you’re a music-lover, you could get a gig handing out flyers outside music venues. While you may not always get paid (sometimes you do – bonus!), some companies run schemes where you and a friend into the gig for free in return for flyering the queue. Given you’d have to queue anyway, meeting new people outside plus saving around £60 on a pair of tickets for your favourite band isn’t a bad deal.
8. Take the lead
Approximate income: £300
While you have to pay to play with pooches on sites like Borrow My Doggy, companies such as Tailster help you find paid dog walking jobs in your area. At around £15 per walk, you could be cashing in as much as £300 a month if you had a regular slot walking a local dog before lectures. After all that walking, you’ll probably be in need of a holiday…
9. Go shopping!
Average saving: £75
What? Getting paid to go shopping? Get out. But it’s true – sign up to become a mystery shopper and you pose as a customer to help companies assess their customer service levels. The great thing is, in return you could get your meal, hotel stay or items you’ve bought for free. Depending on the length and complexity of the assignment, you might get paid too.
Assuming you reviewed one three course meal with a glass of wine each month (let’s say it’s a fancy restaurant – why not, eh?) worth around £35 and bought a new pair of jeans (worth £40), you’ve probably saved enough to justify a bit more of a shopping spree!
10. Get paid for your opinions
Approximate income: £50
As well as saving money as a student, it helps if you can bring a bit of extra cash in. There are paid market research companies that will pay you for your feedback about products and services as well as about your opinions on various issues. The amount you can earn varies with each opportunity but is usually around £50.
For an hour and a half out of your day, you could earn enough to buy a new pair of Converse. Not bad.
11. Get a part-time job
Average monthly income: £224
You might not want to hear this but it might be time to get a job. Whether it’s working in a bar, waitressing, babysitting or helping on a reception desk, you can earn a bit of extra cash by getting a job outside your studies. As well as looking good on your CV, if you’re earning the national minimum wage for 18 to 20-year-olds (£5.60 per hour), you could take home £224 each month from a 10-hour shift each week.
In just one month, you’ll have earned just short of what you’d need for a Glastonbury ticket (if you’re lucky enough to snap one up before they sell out).