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5 Top-Tips for Managing Your Money 

Whether you are a new student living away from home for the first time, or a returning student, learning how to manage your own money can feel overwhelming but it is an essential skill to develop for a happy and successful student life.  Here at CUSU’s Advice Centre, we can help to provide support and guidance to help you stay on track, get the most from your money and make it last longer!

Check-out these top-tips from your SUAC Welfare Advisors, packed with helpful self-help resources and ideas to help you keep on top of your finances. So what are you waiting for? Read on for more information and money saving inspiration!

For individual support and guidance on money related matters, please email to arrange an appointment.

1. Don't Forget to Budget!

The best advice is to forward plan and start budgeting your money as early as possible. Its good to get prepared by trying to make your available funds or income last until the end of term. There are a range of helpful resources online to help with this including budgeting worksheets and living cost calculators. There are 3 stages to working out your budget:

  • Calculate your income (how much money you have coming in). This might include maintenance loan/grants, financial support from relatives or additional money from part-time work.
  • Work out how much money you will spend. Include essential costs such as rent and bills then add them all up to give you an estimate of total expenditure. Try this UCAS budget calculator for estimates and comparisons of living costs across the country. 
  • Subtract your total expenditure from your income and divide by the number of weeks in the term to get an idea of how much you’ll have left to live-off each week.

Try this Money Saving Expert Student Budgeting Planner for more helpful guidance & tips!

2. Shop smart and make the most of Student Discounts and Freebies! 

Who doesn’t love a bargain? There are a number of ways for you to save and get discounts. Check out the ‘Save the Student’ Discounts directory for the latest deals. Here are some additional options to explore:

  • Always ask in store if they offer student discount and show your Student ID card at the till.
  • Consider purchasing the NUS Totum Card for £14.99 to get access to over 200 UK and up to 42,000 international discounts
  • Sign-up to free discount sites like UniDays and StudentBeans
  • If you are a Cov Uni or CU Coventry student, get the Student Extra card for just £5 to get special access the new SU loyalty and discounts platform.
3. Spend Less on Food!

A couple of pounds here and there all adds up. Have a look at some top-tips from fellow Coventry students. 

  • Downshift to the supermarket value or own brand ranges
  • Have a go at meal planning for the week then write a shopping list and stick to it!
  • Take your own food and drink to campus rather than buying on the go.
  • Team up with your housemates to buy in bulk and cook together!
  • Never go food shopping when you are hungry or you’ll end up buying more.

Get inspiration on even more ways to save money on food on the ‘Save the Student’ website. If you are experiencing food hardship and cannot afford to eat, please contact the advice team as soon as possible as we have a range of temporary support options available. 

Grocery, Shopping, Supermarket, Merchandising

4. Save on Travel!

Instead of taking a train, taxi or bus, why not walk or cycle to campus and town? Its great for the environment too! Check out Wayfinder for more tips on getting around Coventry and beyond.

5. Ask for Help! 

We know from experience that despite the best intentions, some students will find themselves struggling to manage money and falling into debt. It is important not to ignore debt problems as the situation can become a lot worse - the earlier you deal with them the better. 

Please don't be afraid to ask for help and seek support from our team of Welfare Advisors. The Students Union and the Universities Student Funding can provide support so please get in contact with the Students Union Advice Centre if you need help and advice on money matters. Visit or email

Other sites to help students regarding money matters:

We know that some students can get into serious debt and it can quickly start to affect your studies. However, it is important that you don’t ignore your debt problems because the situation can become a lot worse. The earlier you deal with them the better.

That is where you can get help at Coventry University Students Union and at Coventry University Student Funding Office.

CUSU have advisers who can listen and advise you on the best way forward, and refer you to a specialist agency if necessary.

If you need help and advice on money matters, please email or telephone our Reception on 024 7765 5200 to book an appointment.

Coventry University finance department can advise you on ways to pay for your accommodation and/or tuition

Scholarships/Bursaries/Loans and grants can be explained via the University funding department

If you are a student with debts exceeding £5000, or are a student with a non-student partner, talk to


Other sites to help students regarding money matters:

The Money Advice Service:

The Step Change Debt Charity:

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