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Old 22-09-2008: 22nd September 2008 23:12 #1 
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Default What's a realistic weekly budget?
 
I just am basically wanting some advice about how to manage my finances (eg what sort of weekly budget do you guys have and what are your main expenses?) I.e. how much money leaves your wallets and bank accounts for things like basic upkeep (buying toothpaste, deoderant etc), food, nights out, clothes, books, stationary etc on a weekly basis?

I know it'll differ quite a lot person-to-person but I would just like to get some input from others so I can start thinking now about how to properly manage my finances during term time especially!
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Old 22-09-2008: 22nd September 2008 23:28 #2 
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Default Re: What's a realistic weekly budget?
 
too much
I didn't really budget last year, just spent as and when I wanted to, but tried to make sure it wasn't too much. Some weeks I'd hardly spend anything, some I'd spend far, far too much

I must be better this year...
 
Old 22-09-2008: 22nd September 2008 23:39 #3 
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Default Re: What's a realistic weekly budget?
 
It's just I need to consider what sort of overtime I need to do at work in order to cope with the costs... I'm thinking that a budget between £40 and £50 a week will be more than adequate.
Old 22-09-2008: 22nd September 2008 23:41 #4 
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Default Re: What's a realistic weekly budget?
 
you're in catered right? Then that should be more than enough
 
Old 22-09-2008: 22nd September 2008 23:42 #5 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by Zii
It's just I need to consider what sort of overtime I need to do at work in order to cope with the costs... I'm thinking that a budget between £40 and £50 a week will be more than adequate.
If you are a lightweight and not too keen on going out £20 would be too much. Its the boozing which costs.
Old 23-09-2008: 23rd September 2008 01:39 #6 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by Hopping Mad Kangaroo
If you are a lightweight and not too keen on going out £20 would be too much. Its the boozing which costs.

This man speaks the truth...if u dont drink or go out much then u will find that u will spend alot less unless u are going on some sort of shopping spree to make urself feel better...

I have no idea how much food prices might have gone up but if u are already catered for then u really will only be spending money on snackfood and "entertainment" money.


I never really set myself a budget either but i try not to spend too much...it really does just depend on wat kind of week im having: there are some weeks where i am calm and relaxed and just have quiet drinks at the bar...there are other times when i want to get absolutely blitzed and go out and come back with an empty wallet...


I swear when i remember on the amount of money i spent on fresher's week i cant help but wonder at all the other uses that money could have been put towards....hell with that kind of money i should have at least gotten a lapdance of some sort
Old 23-09-2008: 23rd September 2008 01:47 #7 
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Default Re: What's a realistic weekly budget?
 
We all have different budgets and needs however I'm sure you could survive on what ever you desired within reason of course.
 
Old 23-09-2008: 23rd September 2008 08:20 #8 
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Default Re: What's a realistic weekly budget?
 
I need to work out a budget for next year *one of this week's tasks*

I'm living out, going to try and spend £20-25 on food a week. Things like stationery, probably won't be a weekly expense, but they'll be a bigger initial expense.
 
Old 23-09-2008: 23rd September 2008 09:13 #9 
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Default Re: What's a realistic weekly budget?
 
I just tend to be careful early on in term then after a couple of weeks see how much I've spent, then I can adjust if I can afford to spend more.
 
Old 23-09-2008: 23rd September 2008 12:16 #10 
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Default Re: What's a realistic weekly budget?
 
im happy i get drunk off two pints maybe i'll be able to afford driving lessons??
 
Old 23-09-2008: 23rd September 2008 14:13 #11 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by petiso
im happy i get drunk off two pints maybe i'll be able to afford driving lessons??

2 pints huh? I'm a little envious (but only a little! I do have man-pride to defend after all ) but driving lessons are pretty expensive but if u want to then go for it. I've known lots of people who learn driving at durham so its not like its unusual.
Old 23-09-2008: 23rd September 2008 14:16 #12 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by Reborn
2 pints huh? I'm a little envious (but only a little! I do have man-pride to defend after all ) but driving lessons are pretty expensive but if u want to then go for it. I've known lots of people who learn driving at durham so its not like its unusual.

haha, its great being a lightweight! well i could use my NUS card to get a discount, and the durham grant scheme has kind of given me a lot of disposable income lol! but thats good that people learn to drive, which means there is actually time to learn without it interfering with the uni work! im also thinking of trying to get a job in durham, even just work for one day a week- is that unusual?
 
Old 23-09-2008: 23rd September 2008 14:19 #13 
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Exclamation Re: What's a realistic weekly budget?
 
Originally Posted by petiso
haha, its great being a lightweight! well i could use my NUS card to get a discount, and the durham grant scheme has kind of given me a lot of disposable income lol! but thats good that people learn to drive, which means there is actually time to learn without it interfering with the uni work! im also thinking of trying to get a job in durham, even just work for one day a week- is that unusual?
Uni work in first year is laughable in the arts, as all you have to do is pass. if you are going to do work, the best place is to do it within college, i.e. the bar and the shop.
Old 23-09-2008: 23rd September 2008 14:39 #14 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by Hopping Mad Kangaroo
Uni work in first year is laughable in the arts, as all you have to do is pass. if you are going to do work, the best place is to do it within college, i.e. the bar and the shop.

thats true, but even so, i want a first in my first year remember! i went down a couple of weeks ago and handed a CV in at my college bar and they said they dont have any positions available but they will get back to me if they do! i guess thats good
 
Old 23-09-2008: 23rd September 2008 15:10 #15 
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Default Re: What's a realistic weekly budget?
 
Even a first is not going to set you back any more than 40 hours a week, tops. Though I really don't see the point in trying that hard in 1st year, developing so called soft skills would be a lot better use of my time.
Old 23-09-2008: 23rd September 2008 15:16 #16 
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Default Re: What's a realistic weekly budget?
 
£30 food, £25 drink, £25 other expenses = £80, this is what I've been told
 
Old 23-09-2008: 23rd September 2008 15:18 #17 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by deazle
£30 food, £25 drink, £25 other expenses = £80, this is what I've been told

Unless you are going to be leading a rather ridiculous lifestyle, halve it.
Old 23-09-2008: 23rd September 2008 15:22 #18 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by Hopping Mad Kangaroo
Unless you are going to be leading a rather ridiculous lifestyle, halve it.

nice one - £30 food is surely right though? A fiver a day... then drink on top of that, then expenses, how can that be just £40?

ps. can someone explain or link me to an explanation of the whole expenses and loans kerfuffle? does it work like:
1 loan for fees (ie. £3k) another for total expenses (ie. £3k) - if so, are we then expected to yse the expenses loan for accommodation, and provide the rest of the money ourselves (ie. income/savings/overdrafts etc)
 
Old 23-09-2008: 23rd September 2008 15:24 #19 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by deazle
nice one - £30 food is surely right though? A fiver a day... then drink on top of that, then expenses, how can that be just £40?

ps. can someone explain or link me to an explanation of the whole expenses and loans kerfuffle? does it work like:
1 loan for fees (ie. £3k) another for total expenses (ie. £3k) - if so, are we then expected to yse the expenses loan for accommodation, and provide the rest of the money ourselves (ie. income/savings/overdrafts etc)
Food should be no more than £5 a week here in first year, most colleges are full board. You can get pints really cheap in studenty places, unless you are a heavyweight drinking is cheap. Other expenses I would stick at around a tenner every week.
Old 23-09-2008: 23rd September 2008 15:35 #20 
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Default Re: What's a realistic weekly budget?
 
Originally Posted by Hopping Mad Kangaroo
Food should be no more than £5 a week here in first year, most colleges are full board. You can get pints really cheap in studenty places, unless you are a heavyweight drinking is cheap. Other expenses I would stick at around a tenner every week.

wow, didnt realise i was in the durham forum - seriously sorry, but thanks for the help anyways. so food £30 if self catered, right?
 
 
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