Posted on 3RD JULY 2018 by Jada Scott
Want a Kim Kardashian lifestyle on a basic budget? Here are a few ways to save ya coins so you can go ahead and life your best life!
Cooking at home
The phrase "there's rice at home" has never been more applicable to a situation than the one in hand. Studies show that young people spend more money on food than any other age group. It's thought that millennials could save themselves nearly £1500 a year by simply cooking instead of ordering fast food/takeaways. What's yummy in your tummy may not look as good on your bank statement as more money at the end of the month
If you're a young person and you're still in education, you'll be lucky enough to qualify for a discount at various different stores and services. From shops and restaurants like Urban Outfitters and Zizzi to music streaming services like Apple Music and Spotify, many places now have a discount scheme in place for students. Providers such as the NUS Extra Card and Unidays also allow students to access a wide range of discounts.
As a young person, savings accounts are your best friends. If you do not already have one, open up an account and deposit 10-20% of the money you receive into the account. Before you know it, the amount you have saved will build up and you will have saved a substantial amount of money without even realising it. Choosing an account with a bank that pays interest will also be beneficial as you'll receive money for doing nothing!
Young people tend to travel up and down the country quite a lot. Whether it be visiting friends in university or going to see family across the country, the rail network is not a cheap way to travel. Purchasing a rail card can save you hundreds of pounds overall and lasts for up to 3 years. TFL also operate a discount scheme for students offering 30% off travel card prices on an 18+ student oyster photocard.
If you have things that just laying around that you don't use anymore and are still in good condition, sell them! Websites like Depop, Shpock and even Facebook Marketplace have created opportunities for people to be able to sell things or give them away to a new home. This is a perfect opportunity for you to make cash from the comfort of your own home, selling things that you no longer need!
Written by Jada Scott