Becoming a student for the first time is an exciting new phase of anyone's life. The university years are undoubtedly the best of many people's lives, filled with new friends, romances and building valuable life experience. All the excitement, possibility and hope for the future are often coupled with nerves and the acceptance that you are probably going to be rather strapped for money over the next few years. But being a student doesn't mean you have to be bad with your money, just a few little alterations here and there and you could find that, compared to most of your peers, you are actually rolling in cash.

If there is one thing in particular you need to do to help your finances throughout university however, it’s budgeting. Getting into good habits now will benefit you time and time again in the future. Create a spread sheet or simply use a notebook to record all your income and expenses then use this to plan ahead.

Make use of that student card too. Everywhere from restaurants to hairdressers offer discounts on goods and services which you should make the most of and save a fair whack of money. Also learning to cook can really pay off in the long term, since you can make food in bulk then freeze batches to help you through the times when you’re a bit short of cash. Investing in a thermal flask can save you money on the overpriced coffee you would normally take into a lecture.

Unleash your thrifty side by selling those things that you don't need or no longer use online on auction sites. Ten pounds for a pair of boots you have never worn is better than them gathering dust on your shelf.

Avoid unnecessary expenses such as bank overdraft charges by keeping an eye on your balance, and remember that as a student you are entitled to council tax exemption. Create a budget and stick to it, and only take as much money out the cash machine as you think you will need.

During your student years there is always opportunity to travel. Whether you need to visit a different city for research purposes, are planning an adventure with new friends, or simply want to take a trip home at half term. Yet travel can be expensive, which is why a 16-25 railcard is a very good idea indeed. A young person's railcard will give you money off normal train fare prices and could save you a packet in the long run.

Clint Starr writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.