How to be smart with your money while studying at Leeds

Managing your finances as a student can sometimes be challenging, so it’s important to be smart with money. Student Money Week may be coming to an end, but here are some top tips to help you save while studying at Leeds.

Create a Budget

The first step to managing your finances effectively is to create a budget. Track your income, including student loans, part-time jobs, or other contributions, and list your essential expenses and outgoings, such as rent and bills.

Splitting your money into different categories can be super helpful when trying to identify areas where you can cut costs. Look at how much a month you’re currently spending on things like food, travel, social events, entertainment and more, and think about where you can make changes to shape your budgets going forward.

Attend student events

Residence Life runs lots of free and subsidised events throughout the year, like quiz nights, day trips, theatre performances, craft workshops and so much more. If you’re looking to socialise with your flatmates or have a day out with friends, it’s a great way to save your money!

Take Advantage of LUU Essentials

If you’re facing financial difficulties, LUU Essentials is a fantastic resource. This basic needs hub provides students with emergency food assistance, breakfast products, and personal items when they need it most. If you're struggling, don’t hesitate to seek support—LUU Essentials is there to help.

Cook in Bulk (Meal Prep or Cook with Housemates)

Eating out or ordering takeaways can quickly drain your budget. Instead, try cooking in bulk and preparing meals for the week. Meal prepping saves time and money, ensuring you have home-cooked meals ready instead of resorting to more expensive alternatives.

Cooking with your flatmates is another great way to split grocery costs and make meal times more social in your flat!

Make the Most of Student Discounts

Many shops, restaurants, and entertainment venues offer discounts to students. Always carry your student ID and sign up for discount schemes like UNiDAYS and TOTUM to access exclusive deals. You can also get reduced prices on public transport, gym memberships, and subscription services.

Shop Second Hand

Leeds is full of great second-hand shops where you can find affordable clothes, furniture, and textbooks. Charity shops, thrift stores, and online marketplaces such as Depop and Vinted are amazing places to pick up bargains.

Find Part-Time Work

A part-time job or freelance work can help boost your income while studying. The LUU Joblink service lists student-friendly jobs around Leeds, and you can book an appointment with an advisor to help you engage with the Leeds student job market.

Get a Railcard or Bus Pass

If you frequently travel home or around the city, investing in a 16-25 Railcard or a Leeds travel pass can save you a significant amount on transport. Many students also benefit from cycling around Leeds—consider getting a second-hand bike or hiring one from the Bike Hub on campus to save on transport costs.

Reach out if you need help

The University has plenty of resources and schemes to help you with your finances while studying. Check out some of their helpful money management resources and take a look at their Student Money Newsletter for more information.