For many students, making money last at university seems almost impossible after paying your term’s worth of rent. From mass shopping sprees online, to lazy nights of not being bothered to cook dinner, its certain that its easy to blow though a SLC maintenance loan.
- Leave your house earlier, if it only takes 10 minutes to walk to where you’re going to, save your £5 cab fair and enjoy the walk. It is hard to stay fit at university as it is.
- Resist the many take away options, resist the “I can’t be bothered to cook” voice that whispers in your ear after a long day.
- Get yourself a part-time job. As daunting as it seems the extra income will help. Its recommended that a full-time student doesn’t exceed 15 hours of part-time work.
- Set yourself a weekly budget. Make sure all your essentials are covered such as food and transport… and don’t forget the toilet roll.
- Find out what funding you’re eligible for. There are many scholarships and bursaries available, check out what free money is on offer to you.
- Don’t be afraid to ask parents for money. You’re still mummy’s little baby and daddy’s little girl. Ask then to help out, it’ll help.
- Beware of the online binge! Window shopping is okay, but be careful not to order items your don’t particularly need.
- Remember that you’re a student, many stores and shops offer a student discount, “Every little helps”
- Many banks offer overdrafts, if all else fails, go into your local brand and discuss student overdraft options.
Mintel (2014) Student Lifestyles. UK. Mintel international: Mintel reports
Balancing work and study. (2014). [online] UCAS. Available at: https://www.ucas.com/ucas/undergraduate/finance-and-support/managing-money/balancing-work-and-study [Accessed 1 Mar. 2016].
This is Money. (2011). How to draw up a student budget – and tips for sticking to it. [online] Available at: http://www.thisismoney.co.uk/money/studentfinance/article-2022893/How-draw-student-budget-tips-sticking-it.html [Accessed 1 Mar. 2016].
Butler, J. (2016). The Big Fat Guide to Student Finance 2016. [online] Save the Student. Available at: http://www.savethestudent.org/student-finance/the-big-fat-guide-to-student-finance-2012.html [Accessed 1 Mar. 2016].