Money saving tips for students

University attendees hoping to reduce the pressure on their student bank accounts may want to consider some simple ways they can cut down on their outgoings.

While rent and bills are essential things to pay, Aussies may be able to cut down on their expenses by searching around for cheap groceries or for places that offer lower prices to students.

Those that take the time to prepare their own food rather than eating out might also find they have more money in their bank accounts at the end of the term.

When it comes to travel, it may be worthwhile investing in bicycle, as it is a cheap and efficient way to get from A to B.

Indeed, a recent study by Bicycle Victoria's Ride On magazine revealed that a household that uses one car instead of two could save up to $3.5 million over the course of their working lives, the Sydney Morning Herald recently reported.

Have a question about student banking? Ask the money gurus at Mozo Answers. ADNFCR-1761-ID-800735283-ADNFCR