Living and studying at university can be very expensive, so before you go, try to save as much money as you can. But don’t just blow it all in fresher’s week. If you take on some of the handy tips detailed below, you will have more spare cash to spend on the important things at university, beer.

Over the three or four years you spend at university, investing in road bikes could save you hundreds or more. The exercise a road bike can offer means you won’t have to pay for gym membership, and travelling on two wheels is much cheaper than travelling on four, be it on bus or by car. With annual gym passes ranging between £200 and £400 and bus fares ever growing, your bike will pay for itself in no time.

Cooking is low on our list of priorities when we are at university, often having better things to do. Whilst student loans are quite generous, if you eat take away food a lot and buy food for each meal, your money will run out quicker than you can earn it. Cooking quick and simple meals with your flat mates will save you money in the long run and you will be cooking healthier food than you can get from a take away.

There is a smelly kid in every halls of residence, and I know washing your clothes can be a hassle, but if you don’t want to be the smelly one, then I suggest you get scrubbing. If you buy washing powder in bulk or share the price with a flat mate, it doesn’t have to be so expensive. Using a tumble dryer every time you wash some clothes can be an unnecessary expense on top of everything else, so use a clothes horse back in your flat and save pounds.

Added together, a road bike, clothes horse and cooking book comes to around £400 but when you consider that you could be spending more than that on just an annual bus pass alone, you can see you are getting good value for money.

Posted in Debt Solutions and Advice | Tags: bike finance, biking, road bikes
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