National Student Money Week
12th-16th February 2018
National Student Money Week is an annual event aimed at helping students to get the most out of their money. This year’s theme is “Where You Live”, focusing on the costs associated with living in rented accommodation.
Your chance to win a £50 Amazon voucher!
To be in with a chance of winning a £50 Amazon voucher, share your top money-saving tips with the Money Advice and Guidance team. Either drop by the stall in the Sydney Jones Library on Tuesday (2-4pm), or tweet us your tips @LivUniSWAG with the hashtag #nsmw18. The voucher will be awarded to the person who contributes the best tip as judged by members of SWAG staff.
Where You Live
Many of you may be looking for rented flats or houses for the next academic year. This is a large financial undertaking so you’ll want to make sure you get the best bang for your buck. The National Union of Students have a handy checklist for looking round prospective student houses that you can download here.
It’s worth remembering that rent isn’t the only expense involved when you move out of halls. Electricity, gas, water and TV licences all need to be paid for, as well as travel to and from campus. If you’re viewing a few different properties, you can use our handy rent calculator to compare the overall expenses associated with each one. Click here to download: Rent Calculator
For further tips on renting private student accommodation and managing your household budget, check out the Liverpool Student Homes website: https://www.liverpoolstudenthomes.org/Help . Liverpool Student Homes is a university-owned service and offers the largest choice of accredited student properties in Liverpool. LSH also have a free confidential Housing Rights Advice Service if you need help while you are renting, details are on the website. LSH also have a handy fact sheet on home finances which you can download here.
NUS has loads of free resources to help you understand your rights as a tenant, from finding the perfect house, to signing contracts and putting down deposits, to moving out and getting your deposit back. You can read them all here: http://readytorent.nus.org.uk/
Money Saving Tips
- Pool resources with your flatmates so that you can buy food in bulk which saves money, then take it in turns to cook either individually or in pairs. This is a great way to swap recipe ideas and try new things.
- Try the 'Downshift Challenge' - dropping a brand can help you to make savings, you may not even notice the difference!
- Use your freezer. Make big stews and curries in batches and freeze so you've always got a healthy 'ready meal' up your sleeve; it's much cheaper to cook in large quantities.
- Take advantage of discounted travel: if you travel a lot by train, consider the 16-25 Railcard for a third off fares. You can also save 12% on the railcard with an NUS Extra card, along with loads of other discounts. Arriva offer savings on bus tickets if you buy a whole term or year pass.
- Charity shops and car boot sales are your friends. Not only will you save money and possibly give to a good cause, the chances of someone wearing the same outfit as you are approximately zero.
Do you have any money-saving tips to share? You could win a £50 Amazon voucher! Either drop by the Money Advice and Guidance stall in the Sydney Jones Library between 2pm and 4pm on Tuesday, or tweet us your tips @LivUniSWAG with the hashtag #nsmw18.