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Savings tips for students

University is often the first time students have to deal with budgeting and bills. Here are some tips to help you make your money go further.

Budgeting and paying bills

While budgeting may seem boring, it can go a long way to help make sure you don’t get behind. Make a note of when rent or bill money’s due to come out and set the money aside as soon as you get paid.

You might also like to keep a spending diary to give you a better idea of where your money’s going and where you could cut down.


Compare and switch

Shop around to see if you’re getting the best deal for your phone, utilities and broadband.  

Switching to a lower usage plan could help to reduce monthly payments too. Lots of people pay for mobile phone data and minutes that may go unused at the end of every month.


Saving on food and groceries

Money spent on food and drink can quickly add up so it’s good to know what you’re spending and where you could cut down (link to budgeting tips/spending diary).  You might want to:

  • plan your meals and write a shopping list (try to stick to it!)
  • look for home brand products and special offers in-store
  • buy in bulk once a fortnight
  • make lunch instead of buying it
  • have a dinner party and get everyone to bring a dish
  • look for deals at local pubs and restaurants. Many of these have student nights or will do two for one on main meals on quieter nights of the week.


Other student deals and discounts

Students often have access to discounts and deals on everything from cinema tickets to travel. Full time students can get as much as 50% off on normal fares if they have a Student ID or student transport concession cards. Check with your local transport authority to find out about any student travel discounts.

Students who open a Westpac Choice account1 are eligible to receive a free student discount card. The card, powered by the International Student Identity Card Association (ISIC), gives you access to thousands of discounts, including on movie tickets, travel, cafes, restaurants and more.  

Find out more about student bank accounts

Things you should know

This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it.

1. Westpac Choice: Please consider terms and conditions of this product before deciding if appropriate for you.

^New Westpac Choice customers only. Offer available for full time students, or customers aged 31 years and under. This offer is valid for 90 days from the date your new Westpac Choice account is opened and you are required to have your ID verified before claiming this offer. This offer only provides you the first year ISIC membership valued at $30. The STA Travel voucher is valid for 12 months from the date of issue and can be used at any local STA Travel store and not online. Find out more here