Going to university can mark the start of the best three years of your life. You’ll meet new people, learn new things, and hopefully come out the other end with a degree to show for all your hard work.

However, for most freshers, it’s the first time you’ll be managing your own money – and that can be quite a daunting thought. To help you get started with good money management, check out our top five budgeting tips for surviving university on a budget.

1) Get a student current account and start saving

Many banks offer incentives for young people when they first open a new account. Do your research to find out what’s available so you can get the best offers. MoneySavingExpert has a helpful guide that shows which accounts offer which perks, such as a free 4-year railcard, Amazon Prime membership, or a 0% overdraft. Once you’ve got a current account, the next step is to get saving. Putting away a small percentage of your student loan each term will help you save for big purchases such as a holiday at the end of the summer term. 

2) Look out for student deals

Shops and retailers offer famously good deals for students, which will allow you to save while you spend on essentials. Sign up to UniDays for free, or buy an NUS card and enjoy exclusive student discounts including 10% off ASOS, 50% off Spotify, or Student Amazon Prime.

3) Get a part time job

A part time job is not only great for your CV but it’s also an opportunity to earn some extra money while you study. Most universities offer a careers service to help you find a job which is flexible to fit around your timetable.

4) Meal preparation is key

Not sure how to cook? Living away from home at university is the perfect time to get to grips with the basics, nail your weekly food budget, and discover any hidden culinary talents. There are loads of free recipes online on BBC Good Food which are quick, easy, and are great for sharing. Cooking in bulk, planning your meals, and freezing any leftovers can also save you money and keep you fuelled after lectures!

5) The library is your best friend

Books are an important learning tool, but there’s no need to buy every single one on your reading list. Check your university library to see if the books you need to read are available to borrow, and some will even let you access them online. Alternatively, you may be able to buy used books which are in good condition from former students, or on eBay.