7 Student Holiday Summer Saving Tips
Ibiza, Magaluf, Benidorm…Scranton! ;) No matter where you are going you’ll need to be able to save every penny to get the most out of the holiday. The last thing you want is to be worrying about how to survive in some tropical paradise on less than a pound. We know how hard it is for students to let loose and enjoy their summer holidays so we put together these 7 super simple tips could make all the difference between letting loose and going home.
Sell some old textbooks:
What’s the best way to save? By not spending.
You’ll be amazed just how much you can save by having zero cost days. A great way to do this is selling the things you no longer need. Old textbooks are a great source of income. Books in good condition usually maintain a high value (as long as they are still in use) and are always in demand. There are hundreds of websites that let students sell their second-hand things. Check out webuybooks or abebooks….but remember to take down all your notes before!
Transport. The Achilles heel of student costs. You may get a substantial discount on your student travel card but when you’re saving for a holiday that’s just not enough! Cycling is completely free, quick and environmentally friendly (who knew saving the environment could fund your holiday) and a great way to get in shape for that beach bod! Just make sure you have a good bike lock.
Only shop where you can use a student discount card:
Try and only shop in places that have a student discount available. It really helps to reduce the day to day costs. It’s not really the big items that you need to worry about, more so the small items, like a cup of coffee or snacks. Do some research - try find all the places in your area that offer student discounts. Particularly for the small purchases, your summer savings will thank you.
Make your own lunch/Buy in bulk:
A lot of students pick up a part time job before they head off on holipops. This is a great way to maximise your spending power while abroad. But make sure that the job is not costing you! Minimum wage is currently £5.60 - £7.50 (depending on your age) if you are spending £5-£10 a day in work you’re basically working 2 hours for free!
Combat this by buying in bulk and making your own lunch. This way you will be able to use your student card for the largest discount and maximise the possibility of zero spend days. Do this over a couple of months and you’ll be amazed how much you will save.
Gift your skills/Use your skills:
Good at designing website? Know how to make a room look great? Can build IKEA furniture in one go? Everyone has a skill – use your skillset to make an extra few pounds or if you need to get someone a present, gift them your skill. It might only take a few hours but will save both money and time spent looking for a present.
Decide how much you can spend:
Ok, now down to summer planning. You simply have to budget before going on holiday. Otherwise you could end up spending all your saved cash in a single night (trust me, this happens all the time). Do your research, get an idea of how much food costs, how much drinks costs and how much activities cost. This should give you an idea of how much you can afford per day. Word to the wise, budget more than what you need! It’s tough to be fiscally disciplined when lying on a sun lounger by the pool with all your friends!
Make a list of essentials then cross some off:
Make a list of all the things you need before you go. Shorts, t-shirts, flip flops etc. Make the list as long as you can…and then cross off 40% of it. You rarely need all the things you bring on holiday. Most extra stuff will just lie dormant in your bag with the price tag still attached. Whether you are going for a few months or a couple of weeks, there is never a reason to bring your whole wardrobe, you simply just don’t need it and it’s a great way to hold onto your cash before you head off.