Tertiary Student Finances 101

It’s an exciting time starting your degree or qualification. Lots of ‘firsts’ are happening all at once, including managing your money. We know this can feel like a steep learning curve, so to help, we’ve cobbled together a few money hacks to wrap your brain around.

Whether you’re still at home, gone flatting or living in halls of residence, embrace sharing. Textbooks, course notes – even the contents of your wardrobes – borrow or swap what you can. Books are often pricey and hefty, so if you and your mates can share them around, it’ll save you all money and storage. If you can’t borrow the books you need, hunt them down secondhand – online marketplaces can be a good source. Ditto course notes or styley retro threads.

Behold your valid student ID card. This wonderful slither of plastic is your one-way ticket to the land of discounts. Use it wisely, meaning wherever and whenever you can. Get into the habit of carrying yours everywhere and get comfy asking if places offer student rates. Do the same online. If you can’t spot it on their website, chat with their bot. Your account balance will thank you.

Your pūtea (budget) can get pretty tight when you’re a tertiary student. A part-time job can make a huge difference, if your timetable allows. Even if you’re just making enough money to cover your social life, it’ll be worth it. You might make a few new mates at your workplace too. Also, once you’re in with an employer, they could throw extra hours your way over the holidays, which is an A+ for your CV. 

Making and sticking to a plan is half the battle when it comes to most things, particularly your financial wellbeing. In fact, being organised isn’t boring, it’s liberating. Try approaching money in the same way you tackle your studies, by mapping things out and chipping away. Both you and your finances will be better for it. A good trick is bucketing your money into expenses, discretionary spending and savings – the latter if and when you can. Top tip: plan your money around your timetable. If you know you have a big study week ahead, see if you can put a little money aside for a late night picnic for your puku (belly).

Your first year of tertiary education is a big step. Keeping on top of your finances can really reduce some of the stresses that naturally come with change. Just remember to factor in bit of fun too. This is your time to grab life.