Student Money Saver is encouraging students to reduce unnecessary spending by partnering with Cardiff start-up Paperclip, a marketplace for buying, selling and swapping.
The service will be available from today and allows students to upload and sell anything they don’t need – from last year’s textbooks to last season’s trainers, and to trade items with those in nearby accommodation.
Research from the National Union of Students revealed that as many as half of students are worried about being able to buy course resources such as books and materials*, and that financial pressures meant almost three-quarters of students (71%) were stressed and anxious about money.
To help with this, Student Money Saver users are now able to save money on everything from smartphones and laptops to the kit they might need for sports societies. It also gives students the chance to trade and sell any unwanted kitchen items and books that they wouldn’t need after they graduate, but that a new student could really use.
Talking about the partnership, Matt Stevenson, Head of Operations at Student Money Saver said:
“Having been involved with Student Money Saver for five years I understand just how important it is for students to be savvy with their finances, which is why I’m so excited to be launching our very own student marketplace with Paperclip.
“It will provide a fantastic opportunity for students to be able to buy, sell and swap items within the comfort of their university community, and hopefully prove to be an important tool in what can be a financially tricky time.”
The Paperclip platform, which was co-founded by Rich Woolley and Alan Small and is based in NatWest’s Entrepreneurial Spark Hub Cardiff, has been designed not only to alleviate the financial stress of university, but also to encourage more students to meet up, get to know one another and find people with similar interests.
Alan Small, co-founder and COO of Paperclip, said:
“We’re so proud to be working with Student Money Saver this year. A student marketplace isn’t just about saving money, it’s about being part of a community and we couldn’t think of a better platform to work with than one which has helped so tremendously with student wellbeing.
“My co-founder Rich and I met at university and we know firsthand how important it is to budget well and take every opportunity to save when you’re a student. We really hope that having a free marketplace available not only helps with saving, but that it goes some way towards reducing the stress that can come with being in a new environment and budgeting for the first time.”