Want More Cash In Your Pocket?

Students, Are You Feeling The Financial January Blues?

How Students Can Avoid The Money Blues This Winter

January can be a great month for setting goals and making plans for the year ahead. You may have a whole host of resolutions you want to embark on, and you might be filled with the inspiration and motivation to get things done.

But there is the other side of January that many of us know all too well. It is often referred to as the January blues, and more often than not, this is because people start to feel the pinch of the festive spending, and really struggle to make ends meet or pay off debts. So how as a student can you combat that?

I thought I would share with you some of the ideas you could implement right now that could help you to see some improvement to your financial situation, and therefore, enabling you to put all of your efforts back into those new year’s resolutions and study.

Your Spending

One of the first things to do as a student is looking at your spending and what is coming in and see if any changes could be made. Perhaps looking at your bills might highlight some direct debits you didn’t realise were leaving your account.

You could also look at your finances, perhaps researching things like student loan refinancing or zero percent balance transfers for things like credit card debt. There are often things you can action to help ease your financial strain, and sometimes our current situation identifies areas of improvements. Doing this could also highlight where you might be overspending, which leads me nicely on to my next idea for helping you improve your financial situation.

the first things to do as a student is looking at your spending Click To Tweet

Could you be saving on the food bill without sacrificing?

Your food spend could often be one of the biggest outgoings you have after rental payments or debt repayments, so you may want to look at some of the ways you can make a difference to this, without sacrificing what you eat. First of all, meal planning can be a great way to lower your weekly spend.

Knowing what you plan to eat can help you to write a list of what you need, which then helps you to deter from buying anything else. You could also consider changing where you shop, which could also see you decrease what you spend. One last thing when it comes to food is staying away from the brands, and trying supermarket own brands instead. They can offer a huge savings for students on your overall shopping spend.


Got anything lying around you don’t want anymore?

Finally, there is money lying around. You may even be looking at it, you may know it is hiding in a drawer or wardrobe. We all can hoard things at times even students, but now is a great opportunity to declutter some of the things you no longer want and pop them for sale on websites like eBay. It can be a great way to boost your income in a month that feels like it is so long. Plus doing this can help you get organized for study ahead this year.

I hope that these ideas help you students to get back on the straight and narrow with your finances this month.

Leave a Reply

1 Comment on "Students, Are You Feeling The Financial January Blues?"

Notify of
Sort by:   newest | oldest | most voted

Thanks for these tips. I love the ebay Idea. It can be an amazing idea to generate some monies as a student

How to Keep on Top of Your Finances If You’re…
error: Content is protected !!