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Student Spender Types 

Moneymagpie Team 19th Sep 2023 No Comments

Reading Time: 3 minutes
  • Sponsored post by Kroo

If you’re currently a student – or perhaps a parent of a student – you’ll probably recognise at least one of these student spender types, compiled by the award-winning digital bank, Kroo.

Which one are you? Let us know in the comments below.

The Magician 

We all know one. Someone who is somehow living that champagne lifestyle on a lemonade budget while still making it through to their next student loan payment. How? I guess we’ll never know. A true magician never reveals their secrets…

One way to make your money go further, almost as if by magic, is by choosing a bank that provides a high-interest rate on your current or savings account.

The Money Manager

Where would we be without the one member of the student house or friend group that keeps everyone else in check? They set up the bills and make sure everyone knows exactly what they owe after that big night out. They are the master of organisation and bill splitting that we all need in our lives.

Being organised is vital for the Money Manager in the group, necessitating a well-functioning banking app with features like bill splitting and groups that keep everyone else in check.

The Bill Avoider

You know, the one that always manages to disappear to the bathroom when it’s their turn to buy the next round and whose phone mysteriously runs out of battery just as it comes time to order an Uber. We’ve lost track of how often they’ve said, ‘I’ll get the next one,’ but we love them anyway. We just wish they’d pay us back sometime soon.

Ensure you get your money back from a Bill Avoider by connecting with them directly through a banking app which allows you to request money from your friends at the touch of a button. No more awkward I.O.U texts or waiting months for that tenner!

The Procrasti-Spender

The Proscrasti-Spender can often be found burying their head in the sand by avoiding thinking about their finances at all costs. You know they haven’t checked their bank balance since their last student loan payment and couldn’t even tell you how much they have left, but they’ll deal with that later.

One way to show the Procrasti-Spender how easy it is to manage their finances is by introducing them to a digital banking app that makes viewing and assessing their spending habits as easy as scrolling through last night’s Snapchat story.

The Big Spender 

They don’t have a student loan. They do their weekly shop at Waitrose without batting an eye, and you can be sure that they will turn up at pre’s with the fanciest bottle of vino you’ve ever seen. Unlike ‘The Magician’, there’s no mystery here. We can usually identify a Big Spender when they start talking about their gap year. But we don’t judge them. We all wish we could be a Big Spender, after all.

The Big Spender needs access to their funds immediately, so locking them up in a fixed-term savings account isn’t the one. They need the best of both worlds – easy access to their money while still earning a high-interest rate. The perfect way to keep funding their expensive tastes!


For all the student spending types you’ll encounter during your time at university, Kroo is the bank that has it all – including the ability to split bills with friends, great Groups for your uni house, an easy-to-use app so you can manage your money quickly and easily, and a highly competitive 4.35% AER/4.26% Gross (variable) interest rate on your current account balance up to £85,000 to make your student loan stretch further.

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.

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Jasmine Birtles

Your money-making expert. Financial journalist, TV and radio personality.

Jasmine Birtles

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