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National Student Money Week: Top tips to make better financial and sustainable choices

Some people believe living a more sustainable life can be more expensive, but in fact you can save money. By reusing products, avoiding waste, and making purchases last longer, you’ll be saving the planet and helping your wallet to feel that bit lighter too.

Check out these money-saving tips that also help you to do your part for the planet:

Life at home

Whether you’re in halls of residences, private accommodation or living with your parents, you can save money and be more sustainable in the home.

  1. Use less energy – Switch off lights when you leave a room, and instead of turning up the heating, stick a jumper on instead. If it’s possible, why not consider switching to a greener energy provider too? You might find that many of them offer a better tariff.
  2. Learn how to wash smarter – Get to know your washing machine to reduce energy and water usage and identify which laundry detergents are better for the planet and your pocket (for example, ditch your laundry liquid for powder). Use a cold wash where possible and don’t forget to clean the lint trap.
  3. Swap your toiletries for reusable and sustainable alternatives – Change up your bathroom essentials to reduce your environmental impact. Easy swaps include a bamboo toothbrush, reusable make up pads, recycled toilet paper and biodegradable dental floss.
  4. Commit to earth-friendly cleaning – A lot of cleaning products are full of chemicals, but you can make your own version using natural products and just a few ingredients. Simply mix vinegar, warm water, baking soda and lemon and you’ll find your surfaces still shine.

Eating and drinking

Our consumption of food and drink has a significant impact on the environment, and much of it can be negative. It can cause loss of land and emissions in the air due to the transportation of goods, and tonnes of food is wasted by us every day. Check out our top tips for buying food at a low cost and increasing the longevity of your purchases.

  1. Stop wasting your food – make your freezer your best friend and learn the difference between ‘use by’ and ‘best before’ dates. Plan your meals ahead, and check what’s in your fridge and cupboards first before visiting the supermarket. For an extra tip, head to the supermarkets in the evening as you might be able to bag yourself some bargains as this is when they tend to reduce items that are still fresh.
  2. Join the reusable revolution – Stop buying single-use coffee cups and invest in a reusable mug instead. You can often get discounts for using one in coffee shops (including the University retail outlets!), or you can save even more money by brewing your coffee or tea at home before heading out.
  3. Cook with friends – By chipping in together, you can save money and save time cooking too if everyone is willing to help out. It’s a great way to make new friends and it’s likely to be much cheaper for you than going out to eat. 

Travelling

From transport to a well-deserved holiday, many of us know the impact aspects of these can have on global emissions.

We all need to get around, but you might not be aware of some budget-friendly alternatives to your normal commute or holiday provider.

  1. Use public transport where you can – Not only does this dramatically reduce your carbon footprint in comparison to driving in your own car, but as part of your everyday routine you can also find it saves you money too. Offers like 16-25 Railcards and student discounts on UK-wide coach travel can make getting around for you both cheaper and easier than ever before.
  2. Consider riding a bike or walking – Although there might be an initial upfront cost when purchasing a bike, it’s a long-term investment. Many places sell second-hand bikes too, so it’s worth shopping around. Cycling and walking are much better alternatives for the planet as opposed to other transport methods, they’re great for your health and wellbeing and good for your bank balance too.

The University’s Student Advice and Support Service can provide advice and guidance on various money matters including debt, student finance, budgeting and life after university. More information can be found here.

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