Worried about how you’re going to make ends meet during your unpaid internship? Here are some money-saving tips to help you…
As much as we think they should be banned already, unpaid internships are unfortunately still a thing – and for many they can be the only foot in the door of a competitive industry.
If you are faced with the prospect of doing an unpaid internship, firstly know your rights! While not all unpaid internships are illegal, in some cases they are – especially if you’ve got a contract for future work, or you’re doing jobs that would otherwise be done by a paid employee.
Our complete guide to internships has the low down on the legalities.
However, if your unpaid internship is legal, and you think it’s the right choice for you, here are a few money-saving tips to help you get through it without draining your bank account…
Money saving tips for unpaid internships
Negotiate and communicate
Make sure to ask at your interview about any pay or expenses. In some cases, companies will be more than happy to cover your travel and lunch expenses, but often only if you take the initiative to ask about it (stupid, we know).
Don’t be afraid to explain your situation to them. If you’re having to travel quite far for the internship and stay in expensive accommodation, they might be able to make an exception and bump up your expenses – it’s worth a shot anyway!
Also try asking about expenses again at the end of your placement – we know it’s not exactly fair, but if you’ve worked hard and really impressed them, they might be willing to offer you more.
Finally, if it’s going to help, try and negotiate your working hours. This could allow you to manage a part-time job on the side, but if not, try asking for flexible hours around peak transport times. Travel will be less stressful at quiet hours and a lot cheaper.
Find cheap accommodation
If your internship is near your home or uni accommodation, then you’re sorted for somewhere to stay. But if you’re having to travel far for your internship, then this will be your biggest expense and you should get it sorted ASAP.
Your first port of call should be to try and find a relative or friend to stay with. You might think you don’t know anyone suitable, but put out a Facebook post and see if you get any response. It just takes a friend of a friend with a spare bed and you’re in luck!
Also have a scout around for any schemes that could help you get free accommodation. For instance, Press Pad pair up those doing unpaid media internships with hosts who work in the industry and have room to spare. That’s free accommodation and a useful connection in the sector!
If you do end up going for private accommodation, make sure you properly hunt around for the best deal – try hotels, hostels, Airbnbs and whatever else you can find.
If you’re interning over the summer, have a look to see if any local universities rent out their student halls during the holidays, as these can be cheaper and just as nice as a hotel.
Oh, and it goes without saying that you should take a leaf from Ross’ book and make the most of any hotel freebies you get!
Book travel in advance
If your employer has agreed to cover travel costs you won’t need to worry about this too much, but if not, make sure you get booked up nice and early to keep costs low.
If you’re travelling by train, always use your 16-25 Railcard and check ticket splitting sites for extra opportunities to save. Our complete guide to getting cheap train tickets has even more tips, and don’t forget to claim compensation for delays.
If you’re commuting in daily, make sure to add up total travel costs for the week and budget them in. Check for alternative options like cycling, walking or car sharing to keep costs as low as possible.
If you do have to get public transport every day, have a look for bus passes or season tickets which could work out cheaper in the long run.
Keep your food costs low
It sounds really boring, but make sure to plan your meals for the week. Lunch can get pretty expensive if you’re splashing out on a meal deal or fancy panini everyday – try out these delicious but cheap sandwich ideas instead.
That being said, if there’s an opportunity for work lunches, go for it! These will almost always be paid for by the company (check first!) and are a great way to build relationships with your colleagues while getting some free food.
Also ask your colleagues if they know of any cheap places to eat nearby. They might know a hidden gem of a coffee shop or a super cheap sandwich place that could take you weeks to discover on your own.
Get a work wardrobe on a budget
Another internship expense that students often forget about is the work wardrobe, which can be pricey if you don’t know where to look.
First of all, suss out what the dress code is. Will everyone be in corporate suits or dressed more casually? There’s no point in investing in super smart gear if it’s not needed.
When you head shopping, try out places like Primark, George at ASDA and ASOS for some cheap deals, or uses apps like Depop and Vinted to buy second hand. There’s no harm in checking out your local charity shop too, as they often have some hidden gems.
Get your money’s worth
Remember that an unpaid internship is a serious investment of your time and money, so make sure you’re getting as much out of the experience as you possibly can.
Once you’re in there, it’s all about networking! Talk to as many people as possible, soak up their advice and make sure they remember your name.
Just think, if you get offered a job at the end of the internship then you can start evening out that dent in your bank account! So be enthusiastic, give 100% and it’s bound to pay off in the end.
Still on the hunt for your dream internship? Our student internship guide tells you where, when and how to apply, as well as how to make the most of your role.