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    (Original post by Will's mum)
    Haha, just planning a budget that's all!
    Fair enough I was just getting shades of helicopter Mum.

    My tip, which my family used, was we looked at the total amounts students from a very low income get from the Govt (because the government clearly feel that's the right amount to live off) and then my parents make my student loan up to that amount.

    From conversations with friends who are there I've worked out that the living cost per week (once you include food etc) is slightly greater in Oxford + Cambridge than in other uni towns in the South East (like Bath etc) but that because their terms are so much shorter the total living costs are about equal.
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    (Original post by RibenaRockstar)
    Fair enough I was just getting shades of helicopter Mum.

    My tip, which my family used, was we looked at the total amounts students from a very low income get from the Govt (because the government clearly feel that's the right amount to live off) and then my parents make my student loan up to that amount.

    From conversations with friends who are there I've worked out that the living cost per week (once you include food etc) is slightly greater in Oxford + Cambridge than in other uni towns in the South East (like Bath etc) but that because their terms are so much shorter the total living costs are about equal.
    Not helicopter-mum, more like without-a-bottomless-pit-of-money-mum!

    thanks for the tip

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    I would be ashamed to find anyone who cant budget with 50 a week. More so as you only really need to think about food ect. All electricity,gas and internet. (and other assortments of bills) are covered.
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    £50 is enough to live of
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    Is £50 per week enough to live off?

    In theory, yes.

    But in practice, no. There's always the little things you haven't budgeted for. Like laptop repairs, new lenses in your glasses, a locksmith to get you into your flat when you drunkenly lock yourself out, birthday presents, taxis for when you have to get to somewhere that isn't on a bus route, etc.
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    (Original post by Lintu93)
    Is £50 per week enough to live off?

    In theory, yes.

    But in practice, no. There's always the little things you haven't budgeted for. Like laptop repairs, new lenses in your glasses, a locksmith to get you into your flat when you drunkenly lock yourself out, birthday presents, taxis for when you have to get to somewhere that isn't on a bus route, etc.
    That's why if something like that happens you don't go out for x number of days the next weeks or so to pay for it.
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    I would imagine so. It depends how much you're use to spending though. You could still have the odd night out per week and whatnot.
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    (Original post by rrazzaq)
    No it doesn't include bills! I wouldn't say it's a lot of money though?
    Why do you pay bills in halls?? What kinda halls are they?
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    (Original post by rrazzaq)
    I will be starting university in Plymouth in September. With my student loan and some money I've saved, I'll be able to pay the rent for halls of residence and have enough for around £50 a week, is it enough? I've spoken to friends that have told me that they have while others tell me they spend a lot more?
    So long as rent isn't included in that, from what you've said it sounds like you're asking if 50 pounds is enough disposable money??

    In which case yes definitely. I spend about 15 pounds a week on food, the rest basically goes on going out, or any emergency things I might need, for example atm I'm currently trying to buy a new passport cause I lost mine :'(

    It might be an idea to put aside more than 50 for your first few weeks though. You'll need to buy text books etc, and will probably be going out a lot more.

    Trust me though you'll be surprised what you can live off - also before I came to uni I was terrified of being broke but it's actually not that bad even if you do get strapped for cash every now and again
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    If you don't plan on going out more than once a week then it's fine.
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    You can live of £50, it won't be easy, but it's possible. If you smoke it's going to be even more hard.
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    (Original post by sharp910sh)
    Why do you pay bills in halls?? What kinda halls are they?
    No, ensuite halls for around 120 a week all bills included, and then whats left would be 50 to spend on everything else like food and going out, i'd say going out a couple of times a week might be hard in the long run but i'll be working in the summer so hopefully getting a lot more!
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    (Original post by Will's mum)
    Early days, son is applying to Oxford, was planning to pay his accommodation and food and give him £50 for everything else, like socialising and ....whatever...?
    I know people who somehow live on £30 a week and my old boyfriends parents used to give him £70 a week after paying for his catered halls meaning that wasn't including food. No matter how much you research you wont find a right amount just decide what you think you are willing to give/is reasonable for you to give and he will manange with it, and probably spend it all whether that is £30-£200.
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    I private rent my own flat and have around £55 per week spare - this is more than enough to cover my food and some socialising.

    One thing you should take in to account though is course books you might need. Depending on your course you could end up spending around £250+ for books for just one year's study. Which is quite a big dent in your loan.
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    It's entirely doable but you won't be living a life of luxury.

    However - you make reference to living off savings. When will they run out, how much will you have then and how do you pan to replenish your savings?

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    (Original post by Origami Bullets)
    It's entirely doable but you won't be living a life of luxury.

    However - you make reference to living off savings. When will they run out, how much will you have then and how do you pan to replenish your savings?

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    Does any student live a life of luxury though?

    It'll be through working full time in the summer.
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    No.

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    If you've paid your rent, then you can buy a good week's cheap food for around £15 if you try hard enough. Anything left will certainly be spent on booze. Definitely doable, but not enjoyable.
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    (Original post by rrazzaq)
    Yeah I'll be paying about £120 a week for accommodation, and then that leaves £50 for everything else? Like food and going out! Where do you plan to go though? London will cost a lot more!
    Your accommodation is £120 self catered! Thats miles more than mine was and I was catered.
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    (Original post by SebMurphy)
    Your accommodation is £120 self catered! Thats miles more than mine was and I was catered.
    How much was yours? I am in an en suite too though.
 
 
 
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