Coventry University, UK, has created a Cost of Living Hub to help students tackle financial challenges they may be facing, particularly as the cost of living rises in the United Kindom (UK).
According to the University, the hub was crafted to empower students with financial wisdom by equipping them with the knowledge, tools and support they need to make the most of their university experience.
The University listed ways to benefit from the hub including exploring saving tips for practical advice on managing finances and saving money wisely.
Students are advised on budget-friendly tips on how to plan effectively, and how they can secure part-time jobs as well as enhance their CV.
The Coventry University Financial Hub teaches students how they can create a realistic budget that includes all expected income and expenses by trying the hub’s handy budget tool.
Students can work part-time to supplement their income. They can read more about this on finding part-time work.
The hub provides how to save on everything, from textbooks to clothing by checking the online and local discounts page.
Student can plan their meals and make shopping lists to avoid impulse purchases, but buy in bulk and look for discounts on groceries, as well as try communal cooking with housemates.
Other advice provided on the hub is to be on the lookout for financial aid opportunities and relevant scholarships.
Tips are provided on buying second-hand items, saving a portion of income for an emergency fund, and simple energy-saving adjustment.
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