Student Life October 2019

MY MONEY
CO-EDITOR JOSHUA HODGKIN
SHOULD I BE SAVING?
BY JOSHUA HODGKIN
As a student, you probably don’t have a lot
of money to play with. i know I don’t. By
that token, I can imagine every penny of
your income goes towards your immediate
costs – rent, utilities and those allimportant
textbooks. However, have you
ever thought about saving?
With the temptation of pay monthly
deals for everything from laptops to
headphones, credit cards and other ways
to buy things now, it is harder than ever
to see the point in saving up money.
However, even when ‘responsibly’ using
debt products, it can be so easy to let
things get out of control – I know myself.
People say that setting up a regular
payment into your savings account on the
day you get paid from your work
or from your student finance helps you
to save without noticing the money leave
your account. Even better is to have a
savings account at a different bank to
your main account. This way, you won’t be
tempted because you won’t even see that
the money exists!
You can save whilst a student, even if it’s
just £50 or £100 a month. This way, you’re
building up a nest egg to allow yourself
to feel comfortable as time goes on. If an
emergency crops up, you can deal with it!
I find it very hard to save, but I am starting
to see how vital it is to feeling comfortable
financially.
93 • 93 MY •TECH MONEY • • STUDENT LIFE LIFE