Here are 5 tips to help you manage your money – so you can make the most of your time at uni.
Whether you’re looking to give yourself a weekly food allowance or working out if you can treat yourself to some new jeans, creating a budget can help you make good financial decisions.
Opening a student bank account can give you access to an arranged overdraft. If you have one, take some time to understand your student overdraft and the terms and conditions associated with it.
Some student bank accounts also come with a student credit card. If used wisely, a credit card could help you cover unexpected expenses and build a good credit score, but make sure you’re clear on the risks.
Maintenance loans are available from Student Finance to help students cover the cost of living. The amount you can apply for depends on a few factors, including your family’s income, whether you live at home, and where your uni is based.
Explore: Borrowing money as a student
Many discounts are available to you as a student, such as the 16-25 railcard, and money off certain shops with a National Union of Students (NUS) card.
Uni is the perfect time to set yourself goals and save some money for the future. Whether you’re planning to take a gap year once you’ve finished your degree or start saving for a deposit for a home, setting yourself a target can help make it more achievable.
