Money Matters

How to manage your money properly during university.

Bust out a budget

The first step in budgeting is to know how much money you have coming in (this might include student loans or grants, support from parents or part-time job earnings).

Next, consider what’s going out in terms of regular commitments such as rent, utilities, internet, phone bill, travels costs etc. and use whatever is left to work out how much you can spend on groceries, outings and, that all-important beer fund.

Apps are your friend

Budgeting apps are a brilliant way to keep track of your cash, they can help you budget, alert you about excessive spending and you can even upload receipts.

Some bank accounts offer a service to help create different cash pots, which breakdown your average monthly habits, so you can keep it all in one (virtual) space.

Second-hand everything

Textbooks, clothes, furniture you found on the street – it’s all a part of that student aesthetic. Remember, cheap is good, but if there is a story behind it, even better.

Seek financial support

Don’t hesitate to reach out for guidance, and while you’re there, check if you’re eligible for extra funding based on academic performance, extracurricular activities or financial need. These can significantly ease your financial burden.

Consider part-time work

if you’re really struggling financially, a campus job or flexible part-time work can help supplement your income. What’s more, when you’re either working or studying, you’re not drinking. Cheers to that!