Tertiary Student Finances 101

If you’re moving out of home, rent is probably going to be your biggest weekly expense, so think carefully about your budget before signing up for a flat. Most leases are at least a year long, which is a big commitment. Look at the weekly rent and make sure you can afford it with all the other expenses you’ll have. 

This might be tough if you’re looking for a flat with friends whose budgets are bigger than yours. But stand strong. It’s stressful enough being a student without worrying if you can pay the rent as well.

Shop around for deals on your bills like power and broadband – you could save money by switching to a cheaper supplier. Some will even give you a discount for paying on time, so make sure your flat keeps on top of the bills.

A lot of companies also offer extras when you sign up to them, like a free subscription to a streaming service. Flat movie nights, sorted.

Embrace sharing. Borrow or swap what you can: textbooks, course notes... even the contents of your wardrobe.

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 second-hand – online marketplaces can be a good source. Ditto styley retro threads.

If you’re in a flat, cooking your meals together can be an easy way to make your food bill cheaper – and it’s great for team bonding, too. Using a food box or meal kit delivery system could work out cheaper than going to the supermarket (just make sure you do the numbers first). You could even make enough to have leftovers for lunch, which means no pricey campus food.

Behold your valid student ID card, your one-way ticket to the land of discounts. Get into the habit of carrying yours everywhere and use it wisely... meaning wherever and whenever you can. 

You might also be able to get a Community Services Card too, which can help with the costs of things like healthcare and public transport. Check the Work and Income website to see if you’re eligible. 

When it comes to these wonderful slivers of plastic, remember this: fortune favours the bold.

Get comfy asking if places offer student rates or a Community Services Card discount. Do the same online. If you can’t spot it on their website, chat with their bot. Your account balance will thank you.

Making conscious sustainable choices can not only be good for the environment – they can also help you save money. Check out our guide for tips:

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.