How to budget at University - ways to manage spending, and how to get an income while you're there
- 6 years ago
Here’s how to leave university with a degree AND a MINIMISED DEBT. This video looks at ways to budget and get an income.
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▶️ ON OUR WEBSITE & "MONEY MATTERS" BLOG
- How to stretch your budget at university: http://www.solution-loans.co.uk/blog/how-to-stretch-your-budget-at-university/
- How to complain about your university: http://www.solution-loans.co.uk/blog/dont-feel-you-are-getting-value-money-university/
- How to choose the best student bank account: http://www.solution-loans.co.uk/blog/choose-best-student-bank-accounts/
- Should I pay off my student loan? http://www.solution-loans.co.uk/blog/pay-off-student-loan/
- The true cost of being a student: http://www.solution-loans.co.uk/blog/true-cost-being-student/
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▶️ VIDEO TRANSCRIPT
Tuition fees are continuing to rise at most UK universities. Rents are higher than they have ever been and we’re all feeling the economic pinch. So how do you win at your finances without winning the lottery first? Make the most of the money that you have. 1. Learn how to budget. Budgeting is the foundation of making the most of the money you’ve got and staying in control. 2. Find the discounts. A huge number of stores offer a student discount now, including cinemas and food chains. 3. Be savvy about savings. If you’ve got £20 to last you until the end of the week then the smart choices are those that give you more for £20. 4. Drink less! You’ll do your bank account – and your liver – a favour if you cut down what you’re imbibing at least a couple of days a week. 5. Healthy food does come cheap. The best sources of nutrients & minerals are vegetables, beans and grains – these are always cheaper to buy than meat & ready meals. Soup, pasta bake, vegetable curry and frittata are some of the easiest and cheapest options that are healthy too. 6. Get an overdraft. Most high street banks will offer a student overdraft of up to £3,000 interest free. Finding extra cash so that you don’t get into unmanageable debt According to research by Save the Student 66% of students don’t think that maintenance loans are big enough. Most student timetables leave at least some room for part time work: Bars, restaurants and coffee shops offer casual shift work that is social and fun. There are other options too, which can significantly reduce the pressure on your finances: Office work - Gig work - Corporate Sponsorship - Bursaries & Grants. With a little effort and creativity you can balance your budget and reduce your debt burden. Good luck and enjoy your time at Uni!
------
▶️ ON OUR WEBSITE & "MONEY MATTERS" BLOG
- How to stretch your budget at university: http://www.solution-loans.co.uk/blog/how-to-stretch-your-budget-at-university/
- How to complain about your university: http://www.solution-loans.co.uk/blog/dont-feel-you-are-getting-value-money-university/
- How to choose the best student bank account: http://www.solution-loans.co.uk/blog/choose-best-student-bank-accounts/
- Should I pay off my student loan? http://www.solution-loans.co.uk/blog/pay-off-student-loan/
- The true cost of being a student: http://www.solution-loans.co.uk/blog/true-cost-being-student/
------
▶️ SOCIAL
Like us on Facebook: https://www.facebook.com/SolutionLoansUK/
Follow us on Twitter: https://twitter.com/solutionloansuk
Follow us on Instagram: https://www.instagram.com/solutionloans/
Google+: https://plus.google.com/+SolutionloansCoUk1
Website: https://www.solution-loans.co.uk/
Subscribe to our YouTube channel: http://bit.ly/solutionloansYT
------
▶️ VIDEO TRANSCRIPT
Tuition fees are continuing to rise at most UK universities. Rents are higher than they have ever been and we’re all feeling the economic pinch. So how do you win at your finances without winning the lottery first? Make the most of the money that you have. 1. Learn how to budget. Budgeting is the foundation of making the most of the money you’ve got and staying in control. 2. Find the discounts. A huge number of stores offer a student discount now, including cinemas and food chains. 3. Be savvy about savings. If you’ve got £20 to last you until the end of the week then the smart choices are those that give you more for £20. 4. Drink less! You’ll do your bank account – and your liver – a favour if you cut down what you’re imbibing at least a couple of days a week. 5. Healthy food does come cheap. The best sources of nutrients & minerals are vegetables, beans and grains – these are always cheaper to buy than meat & ready meals. Soup, pasta bake, vegetable curry and frittata are some of the easiest and cheapest options that are healthy too. 6. Get an overdraft. Most high street banks will offer a student overdraft of up to £3,000 interest free. Finding extra cash so that you don’t get into unmanageable debt According to research by Save the Student 66% of students don’t think that maintenance loans are big enough. Most student timetables leave at least some room for part time work: Bars, restaurants and coffee shops offer casual shift work that is social and fun. There are other options too, which can significantly reduce the pressure on your finances: Office work - Gig work - Corporate Sponsorship - Bursaries & Grants. With a little effort and creativity you can balance your budget and reduce your debt burden. Good luck and enjoy your time at Uni!