The National Association of Student Money Advisors has decided to focus on sustainable spending during their annual Student Money Week after a recent survey said 76% of students worry about making ends meet.
Jacquie Hamilton, financial capability officer at Nottingham Trent University, suggests the best way to look after your money is to plan.
“Try and plan your meals in advance for the week. See what food is in your fridge that needs to be used,” she said.
Jacquie Hamilton offers support to Nottingham Trent University students.
“You really need to shop within your budget,” she said. This year students are encouraged to go green while continuing to save money.
One of the ideas being pushed this year is to do your weekly shop online. Not only does it resist the temptation of overspending it is also better for the environment as it cuts down car emissions.
The National Association of Student Money Advisors is advocating shopping second hand, investing in reusable items, such as reusable water bottles and travel mugs, when buying drinks from shops or cafes and travelling sustainability.
“I don’t know how to budget!”
Jasmyna Rees, student
Students across Nottingham budget to varying degrees. Jasmyna Rees, an international student from America, 21, said, “I don’t know how to budget. I can’t say no to doing things that cost money!”
Archie Garnett, 22, tries his best to look after his money and is welcoming the campaign to find out more about sustainable spending.
“I try my best to keep my budgeting quite simple. I keep a mental note to keep on top of it. I might get one of those apps which helps you write it all out,” he said.
Students across Nottingham share their thoughts on budgeting more.
Some ideas on how to get the most out of your money and by staying sustainable in the process!
- Plan you meals at the start of the week
Regularly check your fridge, freezer and cupboard space to use your foods before they go out of date. This way you only buy the food you need.
2. Don’t over-shop
Consider shopping online to avoid the temptations you would see in a supermarket. Take advantage of cheaper off-peak delivery times and buy in bulk with your flatmates.
3. Limit your energy use
Save money on your bills by doing the little things: Switch off lights when you leave the house, don’t leave your heating on when you go home for a weekend. Even if you have fixed bills it’s better for the environment.
4. Travel sustainably
Perfect for the suitability focus for 2022’s student money week try using trains instead of planes when booking a holiday with your friends. For day-to-day travel cycle or walk. Car sharing is great if you’re all going the same way!
5. Shop in second hand shops
Second hand clothes are cheaper and usually just as good quality. Vintage or charity shops still sell branded clothing while online apps such as Depop gives you the option to get some money for unused clothes.