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Young Adults MoneySaving Tips

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  • - Get a NUS Discount card (about £12/year): not only do some shops only accept an NUS card as proof of student status, some nightclubs require them for student entry.

    - Get an Odeon Premiere Club card (£1.99): this reward card is worth getting - you get points for buying cinema tickets, popcorn etc. which build up quickly if you go to the cinema now and again, and can be used to buy free tickets, popcorn etc. Give it to your friends to use if they go to the cinema too.

    - Do a joint foodshop with your housemates online: not only will it save you the hassle of carrying heavy bags back from the supermarket, if you club together you'll spend enough to get free delivery.

    - Sign up for a student Oyster card even if you don't go to Uni in London: this oyster card will give you discounted travel across London, which is worth it even if you only visit the capital in the holidays.
  • kooplah
    kooplah Posts: 16 Forumite
    Another tip: make a note of everything you spend. I did this for the last two years at uni when I was living out rather than commuting. My flatmate thought I was a bit nuts, but I knew exactly what I was spending and what it was going on. This made it quick and easy to spot what was wasteful spending, and to know what every transaction coming out of my bank was.

    I've let it go a bit since I've moved back home with my parents and got my first paycheck. Even so, I've just opened an ISA with the £1500 I had left over from uni. This can go on a car, or it could be the start of a house deposit. My sister is looking at spending the same amount of money on a Mac. Prioritise what is important to you, and be prepared to make short term sacrifices for long term gains.
  • StartWearingPurple
    StartWearingPurple Posts: 1 Newbie
    edited 8 August 2013 at 9:16PM
    Get an HC2 form to get free prescriptions and dental check ups if you earn under £18000

    Have a few email accounts set up so you can used websites that offer you freebies more than once

    Double your clubcard vouchers to get vouchers for train tickets

    Repair clothes eg sew on a new button of buying a whole new item of clothing

    Go shopping with friends to take advantage of 2 for 1 offers or similar (make sure you actually need it!)

    Get a mobile phone contract with a cashback scheme so you get a certain amount of months free
  • If you have a 16-25 railcard, you can register it with your oyster card and save 1/3 on oyster pre pay travel. Some student bank accounts such as Natwest give this card free with their student account if not it costs £30 a year which is still a saving if you regularly travel on the underground.
  • nat21luv
    nat21luv Posts: 3,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Cashback Cashier
    There's a lot of 'newbies'... ;)
    £20k in 2023 = £2718 £2023 in 2023 = £196.41 Grocery challenge £250= £195.80 **MONEY MAKES ME HAPPY**
  • I've found to make most of my spare time when I'm just chilling out there's ways I can be making money. Like being paid to do surveys, sounds monotonous but when you get paid £50 a pop its not bad! (yougov.co.uk)
    Another thing I do is enter competitions.. If you enter enough you do end up winning some! When I say 'enough' I mean lots and lots so make sure your Autofill is set up correctly to save time but it is definitely worth doing, trust me!
  • 123imp
    123imp Posts: 144 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Instead of paying around £200 to visit a festival in the summer, volunteer with Oxfam and receive free entry to many of the UK's biggest music events.

    Oxfam recruit volunteers for many festivals, including Glastonbury, Reading/Leeds, Bestival and Latitude, to name a few.

    You will usually complete 3 shifts which are typically 8 hours long, and you have the rest of the time to enjoy the festival. Plus your volunteering for a charity.

    Type "Oxfam Festival Volunteer" on Google for more info.
  • fabforty
    fabforty Posts: 809 Forumite
    edited 13 August 2013 at 12:40PM
    Don't think about going to university

    a) until/unless you know what career you want,
    b) a degree is essential for that career and
    c) you have a realistic prospect of getting a good grade - second class with honours at the very least.

    University was once seen as a rite of passage for many, but it is too expensive for that now. Graduating with a huge debt and no realistic prospect of a (degree related) job, is unfortunately a reality for many.
  • As a university student in London, I wanted to share some advice that has been particularly useful to me this past year!

    * My absolute best tip is to utilise your spot at university with the type of 'student job' that no one ever tells you about - I've come across numerous positions for which students are uniquely qualified: Try applying for jobs working for your study department or student union, which pay a lot better than minimum wage, and are solely during term time! If such jobs are unavailable, speak with your psychology and science departments - They're always looking for students to volunteer for non-intrusive studies, like response activities and decision-making tasks, as well as focus groups, most of which take less than an hour, and are paid well.

    * Tutoring is another good one for students, and can make you an average of £15 an hour! I signed up with Ace Academy at my university's Fresher's Fair, which has really paid off. Not only is it excellent pay for a few hours' work per week, but it's hugely confidence-building and adds an additional aspect to my CV.

    * Just as essential as a railcard (Don't forget to link it to your Oyster card for an extra 33% off already discounted fares!) is an NUS Extra card, which costs just £12 for the year, and gives excellent discounts on Domino's Pizza, Virgin Mobile and Jack Wills, amongst plenty others. Apply through your student union for extra perks!

    * Not quite university, but incredibly useful for vacations: When travelling in Europe, make sure to keep a photocopy of your passport on you at all times! Lots of historic buildings, museums and galleries provide free entry to under 21s, in order to encourage young people to engage with culture. This summer, I visited Rome and got myself into the Colosseum and Castel San Angelo for free! :D
  • Hello,

    We've collated all your tips and will be narrowing them down and voting for our top three. We'll let you know when votes are in!

    Good luck all :)
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