Now you have your total annual income, we need to look at your expenditure for the year.
These costs should be inputted as a monthly figures – the calculator will add these together and generate your annual expenditure.
It is extremely important you are realistic with this process. If you are a current student, take a look through your bank statements to see how much you are really spending (you may be surprised!). A fast-food delivery may only cost £6 a time, but multiple times a week or month this figure quickly adds up and eats into your rent and bills money.
Make a note of your annual expenditure figure when you are finished.