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Health and Wellbeing

10 easy tips for improving your finances in 2021

By QMAdvice 14 Jan 2021

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This blog was written by the Advice and Counselling Service at Queen Mary.

  1. Are you in financial hardship? You might be eligible to apply online to the University Financial Assistance Fund for a grant to help you out. We know that many students are struggling this year, for example you may be unable to work due to the pandemic. The Fund is there to help you
  2. Use our money saving ideas to find out about discounts and ways to get the best value for your money. Also check out the money saving ideas by Save the Student and sign up to their newsletter to get deals sent to your inbox
  3. Use our online spreadsheets to plan your personal budget, so you are in control of your finances
  4. Save money on your food shopping with tips from Save the StudentSign up to Olio where people give away food to their neighbours. Find simple recipes to cook healthy meals at www.studentcook.co.uk. Freeze food if you cannot use it by its’ use by date rather than let it go to waste
  5. For shops you use regularly, like a supermarket, consider getting a loyalty card to earn points and enjoy discounts
  6. Save 30% on travelcards with the 18+ Student Oyster photocard
  7. Get discounts with your NUS Totum card (from £14.99 a year) and subscribe to Save the Student for regular emails about student discounts
  8. Check if you could switch to a cheaper tariff for your gas and electricity bills – see www.moneysavingexpert.com/cheapenergyclub. Also reduce your bills by finding out how you can save energy
  9. To avoid running out of money before the end of the semester, open different bank accounts for different purposes and move money between them at set times, so you are less tempted to overspend. Get advice from the Student Room
  10. For things you need, before paying try freecycling for example on Gumtree FreebiesFreecycle.orgPreloved and Olio.

Budgeting film

Watch our short film to see the advantages of planning a budget, and how easy it is.

Do you need further advice?

Confidential money advice at Queen Mary is available to all Queen Mary students from experienced Welfare Advisers in the Advice and Counselling Service.

You can find out more about the Advice and Counselling Service, how we can help you, as well as lots of information and guidance at www.welfare.qmul.ac.uk

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