January loan drop: Get the most out of your new year bank balance

Finally, January's student loan has arrived in your bank account. Now to just make sure you don't spend all of it at once...

How can I make the most out of my student loan?

We all know that being a student rarely means having a six-figure bank balance, so when you do get a little bit of a cash injection it’s important to make the most of every penny. Here are our tips to stretch your loan further this new year:

  1. Put your loan immediately into your savings. It’s harder to spend your loan frivolously if you have to go into your savings and transfer money to your current account before you tap that card.
  2. Always look for a student discount before you buy. Student discounts exist for a reason – for students to use them! Make sure you’re getting discounts on everything you can, from fashion to cinema tickets.
  3. Spend at least some of your loan on a big food shop. Eating out, especially takeaways, can gobble up a big chunk of your budget. The easiest way to curb this habit is to make sure you have a cupboard full of food, at a fraction of the cost, already at home.
  4. Treat yourself, just a little. You work hard (or at least we hope you do!) at uni, so you’re allowed to spend a little something on yourself. We’ve made a list below of some budget-friendly treats that we’ve had our eye on.

Our “treat yourself” shopping list

These are our picks for some value-for-money options, including several heavy discounts we spotted.

Grey woven open back tie long sleeve shirt
Grey woven open back tie long sleeve shirt

PrettyLittleThing

Only aviator jacket in faux leather with contrast shearling
Only aviator jacket in faux leather with contrast shearling

ASOS

Michelle Keegan Sequin Cami Crop Top - Zebra
Michelle Keegan Sequin Cami Crop Top - Zebra

Very.co.uk

Doughnut Macaroon Lavender Backpack
Doughnut Macaroon Lavender Backpack

Urban Outfitters

Black wet look high waisted legging
Black wet look high waisted legging

PrettyLittleThing

Gaiam On-The-Go Yoga Mat Carrier
Gaiam On-The-Go Yoga Mat Carrier

John Lewis & Partners

Early Riser High-Waisted Workout Leggings
Early Riser High-Waisted Workout Leggings

Nasty Gal

Top student discounts

The best way to make your loan go further is to benefit from these exclusive student-only extra discounts!

Code Student!

Extra 20% off Student Discount

Verified 3 days ago
Code Students!

Special! 10% Student Discount

Verified 3 days ago
Code Students!

10% student discount!

Verified 3 days ago
Deal

10% student discount

Code Students

20% off student discount

Code Students!

10% student discount

Code Students!

20% student discount!