Managing Your Money

This year’s National Student Money Week theme is “Sustainable Spending”. Find out how you can be more sustainable whilst saving money!

We are dedicated to helping you gain the knowledge needed to manage your money better and maybe gain a few extra money saving tips you were not aware of. Managing your money may not seem fun but it could mean that you have more money to do more fun things. The Money Charity and Blackbullion provide useful money management tips and ways to save and increase your money. Check out their Student Money Manual for useful information, advice, support and tools for managing your money...

To get an idea of the living costs for University please see our living costs page. This page will give you estimated costs to be aware of, but please note the costs are a guide only.

Money Management Sessions are offered by the Student Money Advice Team if you would like to book one please contact us for an appointment. 

A student job can be a useful way to avoid debt, gain valuable work experience and help you achieve a nicer lifestyle. If you’re looking to reduce your expenditure whilst increasing your income, the Careers and Employability Service can offer advice on a range of part-time work available. It’s important to get the balance right, which is why we recommend no more than 12-16 hours a week of work alongside your studies. 

Beware of scams and report any suspicious emails/texts to Action Fraud and contact the Student Money Advice Team for further advice and support. 

    Top Tips

  • Pay cash so that you have an overview of your money 
  • Buy basic instead of branded products
  • Put a list together before going shopping
  • Budget at the start of each month/term and stick to it - it will soon become second-nature
  • Spend only the cash you take with you on a night out
  • Buy in bulk so that you don't run out quickly
  • Don't buy every book on your reading list, use the Library and buy second-hand
  • Cook batches and freeze the rest
  • Shop around to find the best offers
  • Only buy what you need
  • Spread your money over the term– if you receive a loan, spread it across a period of time rather than spending it all at once.
  • Prioritise – always make sure bills are paid first. You can change the date you pay your bills so that they leave your account soon after payday. Allow at least three working days in case payday or your bills fall on a weekend.
  • Be disciplined – cut out luxury spending by not giving in to impulse buys.
  • Be realistic – allow for some coffee breaks and nights out. Don’t forget to factor in unforeseen costs like birthdays, Christmas and unexpected travel home. If you need to run a car, be mindful of the cost of petrol and repairs.
  • Maximise your income – providing all assignments are done, consider doing overtime at work, especially in the Christmas and Summer holidays.