Whether you’re starting, finishing or halfway through studying, here are some tips on how to feel less broke during your study.

As a uni student myself, saving money seemed almost impossible – there are so many expenses that can put you over budget.

The following tips helped me reduce some of the expenses that come with studying.

Textbooks

• Go to your local public or uni library.
• Check out websites that offer new and second-hand textbooks for discounted prices.

Accommodation

• Staying at home (if that’s an option) may help you to save money on not only accommodation but groceries, bills and all other expenses that come with living away from home.
• Utilise your uni accommodation – some universities offer affordable accommodation with meals.
• Live with a roommate or shared housing – this allows you to split the cost on rent/accommodation.

Scholarships

There are scholarships in a variety of degrees/courses that can assist during your study. All you have to do is look for them, ask people at uni and get in touch with your Indigenous department at your university to see what options might be available.

Financial services

There are a variety of services that offer financial assistance, emergency accommodation and other financial needs (certain criteria applies, of course, but look into the options for all the details). Universities tend to have a range of services and resources that may be able to assist you as well.

Save your money

Save each week, month, or year. Saving is saving – save what you can no matter how small, your future self will thank you.

Do you really need that daily café coffee, or can you make a cuppa at home? The latest phone model is not going to make your life any easier – the old one still has TikTok and emails just as well.

Think about how you might save instead of spend – it really does make a difference.

Indigenous Business Australia (IBA) provides free workshops on things like budgeting and understanding credit that can further support your financial journey. 

Like every article on TomorrowMoney, this is general in nature and not personalised financial advice. You should consider the appropriateness of this information having regard to your objectives, financial situation and needs. If you need help with money and would like to speak to a free financial counsellor, you can call the National Debt Helpline on 1800 007 007.