12 New Year money saving tips for student

It has drained your bank balance Christmas? Or just you want to avoid money problems last year this time? Detoxification of your finances with this money makeover.

Ah, Christmas. There is nothing else like washing your finances. Once you've factored in-home travel, gifts, and pranks New Year will be lucky if you can afford the back of the train to uni.

However, never fear. January is the perfect time to replenish its bank account and give bad money habits of the past year 'New Year, which dis?' attitude.

These are the nine best ways to nail their New Year's resolutions to save money. January sales are often the right time to offer a number of inexpensive items.


If your New Year's resolution is to save money, here are the best ways to do this:

Accept the challenge of saving money New Year

It's easy to want to save money, but actually doing it is much more difficult. Fortunately, the challenges savings make everything much easier - and, dare we say, a little bit fun.

Our favorite challenge to start in January is the challenge 1p savings, as the name suggests, it starts with you to save a solitary penny. On the second day, it gets away 2p, on the third day, 3p, and so on. During the day 365, they have saved you a total of £ 667.95 (or £ 671.61 in a leap year)!

While the technical challenge money saving plan for students can start at any time of the year, the fact that it takes an entire half a year is best used as a New Year's resolution.

Exchange their unwanted gifts

Now, we're not saying you should be ungrateful - any gift is precious to receive. However, you can not deny that sometimes wrap a present and think "what am I going to do with this?".

Your first point of contact should be thinking about how you can use what you have. For example, if you have a Great bridge is not too interested in, why not keep it as something to wear while cleaning to prevent bleach stains on your favorite clothes?

If you can not find a use for unwanted gifts, now is the time to think about selling it. We have a couple of great guides in selling clothes online and take advantage of the maximum money from eBay, but towards the Facebook market or sell directly to a friend can work just as well.

Alternatively, you may well be able to get a refund from the store-bought. Stores do not have to recover these if they are not defective, but if you have a receipt (or have the courage to ask for it from the gift-giver), you probably cut some slack. Check the return policy first and read about your rights as a consumer to know if you can give something back.

Or, why not give the gift to a charity shop? It is true that the game is not really your money-saving New Year's resolutions, but it is an admirable thing to do and could make someone very happy.

Start a regular budget

Budgeting tips for students really is the best way to stay on top of your finances - and what better time to start than in the new year?

A good way to improve your budget is to get into the habit of Prepping food. To help, we have developed an eating plan that could reduce the cost of your meals and snacks at about £ 2.70 per day!

And our budgets as a student guide has everything you need to know about starting your own budget. It even includes a spreadsheet budgeting pre-made - all you need to do is put in your numbers, and we will do all the calculations for you.

If you want to avoid at all costs Excel, why not join a bank-based application? While these are not technically prepaid cards, there is nothing to stop you from using them this way - in other words, the transfer of a fixed amount of cash to the account of each week/month and use that as the amount budgeted to spend money.

Put your student loan in a savings account

With financing payments landing students around, get on the case to make it last. If you have other income to survive on, hide your loan at a high-interest savings account or ISA to earn extra interest. Or try one of these robots' automatic savings (many of which also can make manual deposits).

Of course, the longer you can touch the money, the more you can earn - so do now to boost your vacation fund.

You can take advantage of any extra money you get - not just funding the student. If you turn a profit unwanted gift, use it to increase your savings fund. And if you can not stretch to put all your loan away, creating a budget can help find some pennies to spare.

Get cheap insurance for your new appliances

If Santa left high-end appliances under your tree, make sure it remains safe. Check what your contents insurance covers and, above all, when you go and not pay.

If your new toys are not covered for loss, theft or accidental damage (inside and outside the house), you may need extra protection - but take a phone shop insurance with a pinch of salt.

You can get cheap mobile insurance with a third party vendor, such as protectyourbubble.com, or you might even have it included with your bank account. Ultimately, insurance sold by phone shops should be avoided because it tends to be too expensive massively.

Save money on accounts in the January sales

Not only are standard retail prices are cut at the beginning of the year - you can also pick up some amazing deals on their accounts in the January sales too!

Broadband is one of the most obvious, but do not fret if your contract is not up for renewal yet. Providers are very interested in getting more customers on board as possible (especially when it means stealing them from competitors), so if you find a good deal, worth asking suppliers if they are to buy out his contract existing.

The same goes for mobile phone contracts. Although the date of termination of your contract may still be a way off, there is no harm in the new network signals and asking them to buy you out of your contract exists.

And regardless of the bill in question if the new provider is not willing to buy out his contract existing, should always talk to your existing network to see if you can get a cheaper deal.

All you need to do is ring them, let them know this incredible offer that you saw and how you're considering leaving, and probably will try to bring on board.

Worried that you will not be able to persuade a company to give you what you want? Our guide for haggling is here to help.

Start planning your vacation

The return to the blues uni can bite hard, why not give something to look forward to? Whether it's a holiday abroad or festival fun, start saving now.

Remember that if you save constantly, you can get away with distance squirreling less cash on each deposit. This must mean he does not feel the blow so hard and does not miss the extra money as much.

Also, read 6 Tips to Save Money on Holiday in Tokyo 

And just because January is that you not say it's too early to start looking for cheap travel, either. The best are sold first, so if you are sure you have found a bargain, do not let it slip away.

Ahead of the travel book

Conveniently (for pocket) Easter holiday is timely for rail and bus fares cheaper if you book.

While you're at it, find out if fertilizers, bus passes or three years railcard will save a lot in the long run. If so, which one is going to go for, grab now!

Having a clearout and sell unused items

The new year is the perfect time to take a look through their things and find everything you no longer wear or use, and sell them. This way, you will be able to declutter your room and earn a good income from it.

To get the most cash for your old stuff as possible, check out our useful guides for selling clothes and make money from old CDs, DVDs, games, and books.

You'd be surprised how many things you can sell online, from wine corks a roll of toilet paper old. If you consider that could be useful to someone, somewhere, stick on eBay.

Use sites cashback when you buy

If you do not already, it's definitely worth using the cashback sites as much as possible this year. Getting into the habit of using sites like TopCashback and Quidco to shopping online is a great way to save money, and is very easy to do.

In doing shopping through these sites, you can cashback on purchases of some major brands, including ASOS, Amazon and H & M, to name a few ... And you can even get cashback at the grocery store - have a read of our guide for more information.

Always check the offers and discount codes

And checking to see if you can get cashback in your store, also worth a look for better deals elsewhere and discount codes before making any purchase.

If you think you could have done more to find the best deals last year, now is the ideal time to make a change. Taking just a little longer with their purchases and looking for better prices whenever possible you could really save you money this year.

Also, read 31 Unusual Tips to Save Money for High School Students

The same applies to eat out - restaurants often have great discounts and offer that are advertised online, so be sure to take a look before heading out to any meals.

To keep up with the best bargains, you can check our offers, join our Facebook group and sign up for our weekly newsletter.

Find out if you qualify for additional financial assistance

If the term ahead is looking particularly grim, there is additional financial support out there when you know where to look. First, you need to check with your financial advisor uni to find out what is happening in cash locally.

You could also have a look at turn2us.org to see if there is any benefit or charitable donations is entitled - you'd be surprised how unusual scholarships and funds you may be eligible for!

Of course, failing that, there are the less interesting scholarships (but still financially lucrative) regular, supports and scholarships that are worth looking into as well.