Surviving the Cost of Living Crisis as a Student: Practical Tips for Mental & Financial Wellbeing

We know the struggle. Rent prices are soaring, grocery bills seem to double overnight, and the pressure of making ends meet while juggling university life can feel overwhelming. The cost of living crisis is hitting students hard, and it's not just about finances—it’s about your mental health, too.

At TalkCampus, we understand how tough it can be. That’s why we’ve put together this guide to help you manage your money and mental wellbeing, without feeling like you have to do it alone.

1. Budget Without the Overwhelm

Money can be a huge source of stress, especially when it feels like there’s never enough of it. Budgeting doesn’t have to mean restricting yourself—it’s about knowing where your money is going so you can feel in control.

✅ Use budgeting apps like YNAB, Mint, or Monzo to track your spending.

✅ Prioritise needs over wants—rent, bills, and food come first.

✅ Try the 50/30/20 rule: 50% essentials, 30% fun, 20% savings/debt.

Small changes can make a big difference, like switching to own-brand groceries or unsubscribing from impulse-buy emails.

2. Get Savvy With Student Discounts

There are more student discounts out there than you might think—don’t be afraid to ask!

🎓 UNiDAYS & Student Beans – Discounts on food, fashion, travel, and tech.

🍕 Local student deals – Many cafés and restaurants offer hidden student discounts.

🚆 Railcards & travel passes – Cut the cost of commuting with student fares.

💻 Free software & learning resources – Check if your uni offers free Microsoft Office, Adobe, or LinkedIn Learning.

3. Find Affordable Food Options

Eating well doesn’t have to break the bank.

🍎 Meal prep – Planning your meals reduces waste and saves money.

🛒 Shop smart – Buy in bulk, look for reduced-price items, and use loyalty cards.

🥘 Cook with friends – Group meals mean lower costs and more fun.

Food banks and community kitchens can also provide support if you're struggling—there’s no shame in reaching out for help.

4. Balance Work & Study Without Burnout

Many students take on part-time jobs to stay afloat, but it’s important to find balance.

💡 Flexible work options – Look for remote work, tutoring, or university roles.

⏳ Set clear boundaries – Work hours shouldn’t cut into essential study and rest time.

🚀 Use your university’s career service – They may have paid internships or job boards just for students.

5. Protect Your Mental Wellbeing

Financial stress can take a toll on your mental health. If you’re feeling anxious, exhausted, or overwhelmed, don’t keep it to yourself.

💙 Talk to someone – Whether it’s a friend, mentor, or a peer on TalkCampus, sharing your worries can help.

🧘‍♂️ Find free wellbeing resources – Many universities offer free counseling, meditation apps, and mental health workshops.

🚶‍♀️ Make space for movement – A simple walk or stretch break can do wonders for stress relief.

6. Know Where to Get Help

You don’t have to struggle in silence—help is available.

📌 University Hardship Funds – Many universities offer financial aid for students in crisis.

📌 Food Banks & Community Support – Don’t hesitate to reach out if you need essentials.

📌 Mental Health Support – If money worries are affecting your mental health, reach out to student support services or join TalkCampus for a judgment-free space to talk.

You're Not Alone

The cost of living crisis is tough, but you don’t have to go through it alone. Take small steps, reach out for support, and remember—it’s okay to ask for help. TalkCampus is always here to listen.

💬 Join the conversation on TalkCampus and connect with students who get it.  Because together, we can get through this. 💙