There are many ways all of us can save money when living with others, especially when the people you are living with are also students. So it’s great to be able to spend a little less on the essentials such as bills; understanding student bills and how to cut student bills. and have a little more to spend on the real essentials, like books, studying equipment and maybe the odd night out once in a while!
Number One – Wrap Up
Heating will be one of the biggest costs you will face when moving into a new property, especially during the winter months and there is one very easy and cost effective way of making sure that any heating bills do not break the bank. Wear a Jumper. I know this sound’s obvious and it really is when you think about it, but there will still always be the temptation to just leave the heating on and this will come back to haunt you when that white envelope arrives through the door a few months later.
Number Two – Budgeting Ahead
It’s strongly recommended that you ask previous tenants about the prices they pay each month for bills such as gas and electric, as this will give you a rough idea of how much yours may be (especially if the previous tenants were also students, which is often the case). It’s also a good idea to put some sort of plan in place, so that each housemate puts a certain amount of money aside every month. This means that when the bill does arrive, you won’t be left in a massive panic, having no idea how you will be able to afford to live for the following few weeks.
Number Three – Who pays for repairs?
This is another question every student should ask their landlord when moving into a new property. What is considered ‘wear and tear’ and what is considered ‘damages’ may differ between you and your landlord and it is always a good idea to discuss this subject, before any issues may arise. In most situations landlords are lenient and will often be able to come and visit with just a few days’ notice, should any issues arise. But it is always best to approach the subject at the beginning of tenancy to avoid and conflicts later on.
Number Four – Communal Areas
Communal Areas can be great for saving money and they also offer the chance to socialise with your housemates, instead of you all sitting in your own bedrooms, each with a TV on, each using a computer and each with your own light on. As you can see, there is a lot to be saved by being friendly to one another. It is equally important to make sure that you each remember to turn off lights and appliances when they are not in use, otherwise it will soon add up.
Number Five – Expensive appliances you just don’t need
There are many appliances in every house that are costly to run, but some are very expensive and often go unnoticed, the main two being household fans and tumble dryers. Tumble dryers cost a lot to run, so it is a good idea to use them as little as possible. Household fans are another tricky one, they use 22kW/h of energy, which amounts to £0.22 per hour. This may not seem like a lot at the time, but just imagine three are left running every night over the course of the summer, this adds up to £2 a night, per person! This means that each fan could cost a staggering £50 a month in electricity! – Not something that we all want to pay for?
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