Whether you are starting university for the first time or continuing on your course this Autumn, there are several simple ways in which you can manage your finances more effectively– so you can focus on your studies and enjoy the opportunities university offers, rather than worrying about money!
Even if you struggled with money last year, it’s not too late to start afresh for the upcoming year – all it takes is a little time dedicated to planning ahead.
Here are our five ways to get ready financially for university:
Going to university is exciting, but it can also be daunting – it may be the first time you’ve lived away from home, organising your studies around food shopping, doing laundry, paying bills, etc. But managing your money doesn’t have to be stressful.
If you’re heading to university this year, here are some tips on student finance and funding from some of our current students* to help you get it right. Part one – which looks at applying for funding, budgeting, and student bank accounts – is below.
Starting new habits doesn’t mean having to completely change your life. Although making adjustments to your usual behaviour can be scary, even taking small steps can help improve your wellbeing – as well as your bank balance.
Getting a summer job is always a great idea – it will give structure to those long, hot days, you’ll gain useful work experience, and best of all, you’ll earn money to spend now (although we would recommend that you save some for next year too). If you are receiving wages, we have some information about tax below which you might find useful. But whether you are working or not, it’s still a good time to investigate ways to increase your income and reduce your spending so you’re ready for the start of term.
There are many benefits to having a job alongside your studies. It’s not just about the money – although it is helpful to have an additional source of income – having a part-time job gives you experience and skills to put on your CV.