Finance when living away :) Watch

Amyyyy :)
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#21
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#21
(Original post by nic-nac)
By the way ... It can be hard to have a weekly budget, especially if bills aren't included in your rent. Although if you're bad at managing money, you might want to make a fortnightly budget. I just try only to spend what I need to spend and so far I seem to be on budget. Before I started I worked out how much I would have each week. The other day I worked out that I should have about £200-250 left over from my autumn student loan/grant ! And this has been the term that I received the least money and had to pay out most as I had to buy textbooks and pay for things for the year upfront such as lab equipment and the water bill for most of the year. And other bills may come monthly/quarterly, making it even harder to make a weekly budget. So I should be able to save even more in the spring and summer
thankyou so is it cheaper to pay for accommodation and bills separately but its just a bit extra hassle? thankyou for helping me it makes sense to not have a really strict budget but a fortnightly one might be a bit more reasonable
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Amyyyy :)
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#22
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(Original post by brittanna)
My rent is £91 a week, and I spend about £20 a week on food. Other than one off costs (joining societies etc.) this is basically all I spend. I have around £140 a week to spend after accommodation.
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Amyyyy :)
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#23
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(Original post by doodle_333)
I spend £69.95 a week on rent, around £25-30 on food (really can't handle cheap food an I eat a lot), £2.50 a week on my mobile, then probably £30-40 a week on social activities etc

if you're a first year your rent will be much more expensive than that though and it doesn't include more one off expenses like clothes etc
thank you oh if your not a first year student I've been wondering what are the options for places to live I hope it doesn't sound silly but if there's all this accommodation for first years where do the students in other years live?
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nic-nac
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#24
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(Original post by Amyyyy :))
thankyou so is it cheaper to pay for accommodation and bills separately but its just a bit extra hassle? thankyou for helping me it makes sense to not have a really strict budget but a fortnightly one might be a bit more reasonable
I think it would work out cheaper to pay separately - like I said, the landlord isn't going to want to make a loss out of it. Although if you have bills included then it means your bills are consistent throughout the year. Whereas like I said, we got the water bill for most of the year a couple of weeks after moving in. Plus depending on how much you'll have the heating on, the gas bill might get quite expensive. I think giving yourself a budget is good if you think you'll find it hard to spend carefully. I just try not to spend money on things I don't need, which seems to be working out fine, but some people are on a tight budget so would need to really watch what they spend. What I did at the start of the year was look at how much grants/loans I receive and first took off my rent for the year. I then estimated my bills for the year and also took that off (I would estimate at £10 a week, but so far without the heating it's been almost half this). This means that if you do get a bill at the start of the year, then you've already budgeted for it. I then took another £150 off for things such as buying my lab kit, joining societies, money to spend whenmy boyfriend visits/ when I go back home in the holidays etc etc (I probably won't need all of that £150). What I had left over, I then divided by how many weeks I'm at uni, to see how much I could spend in a week on food and socialising etc, which is about £50. Luckily my dad brought me a load of food, so I don't have to buy that much. Although next time he takes me shopping I'm going to exploit him even more, it was surprising how quickly some things ran out, although of course I do need to buy some of my fresh stuff anyway as that only lasts a few days.
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nic-nac
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#25
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#25
(Original post by Amyyyy :))
thank you oh if your not a first year student I've been wondering what are the options for places to live I hope it doesn't sound silly but if there's all this accommodation for first years where do the students in other years live?
Most unis only guarantee accommodation in halls to first years. But my uni can't even fit all first years in halls ! You have to then find private accommodation, which is often cheaper than halls.
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jelly1000
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#26
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#26
(Original post by Amyyyy :))
thank you oh if your not a first year student I've been wondering what are the options for places to live I hope it doesn't sound silly but if there's all this accommodation for first years where do the students in other years live?
They move into flats/houses which they rent. It's a little daunting because outside of London your pushed into deciding either just before or just after Christmas who you want to live with when you haven't known people long.
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Amyyyy :)
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#27
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#27
(Original post by nic-nac)
I think it would work out cheaper to pay separately - like I said, the landlord isn't going to want to make a loss out of it. Although if you have bills included then it means your bills are consistent throughout the year. Whereas like I said, we got the water bill for most of the year a couple of weeks after moving in. Plus depending on how much you'll have the heating on, the gas bill might get quite expensive. I think giving yourself a budget is good if you think you'll find it hard to spend carefully. I just try not to spend money on things I don't need, which seems to be working out fine, but some people are on a tight budget so would need to really watch what they spend. What I did at the start of the year was look at how much grants/loans I receive and first took off my rent for the year. I then estimated my bills for the year and also took that off (I would estimate at £10 a week, but so far without the heating it's been almost half this). This means that if you do get a bill at the start of the year, then you've already budgeted for it. I then took another £150 off for things such as buying my lab kit, joining societies, money to spend whenmy boyfriend visits/ when I go back home in the holidays etc etc (I probably won't need all of that £150). What I had left over, I then divided by how many weeks I'm at uni, to see how much I could spend in a week on food and socialising etc, which is about £50. Luckily my dad brought me a load of food, so I don't have to buy that much. Although next time he takes me shopping I'm going to exploit him even more, it was surprising how quickly some things ran out, although of course I do need to buy some of my fresh stuff anyway as that only lasts a few days.
you seem so organised i really hope i will be :3
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Amyyyy :)
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#28
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(Original post by nic-nac)
Most unis only guarantee accommodation in halls to first years. But my uni can't even fit all first years in halls ! You have to then find private accommodation, which is often cheaper than halls.
thankyou it makes sense now and seems obvious with all the different types of accomodation thats available :,)
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Amyyyy :)
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#29
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(Original post by jelly1000)
They move into flats/houses which they rent. It's a little daunting because outside of London your pushed into deciding either just before or just after Christmas who you want to live with when you haven't known people long.
thankyou i wont be travelling as far as London i hope the decisions arent rushed whereever i end up
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Rakas21
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#30
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(Original post by Amyyyy :))
Hello I was wondering if people who currently live at university would be able to share roughly how much money they spend on a weekly basis and where this money is used thankyou for any help
Rent inc bills: £210 per month (on a weekly basis is ~£50).
Travel: £78 per month (on a weekly basis is ~£20)
Phone: £10 per month (on a weekly basis is ~£2.50)
Gym: £19 per month (on a weekly basis is ~£5)
Food and toiletries: ~£25 per week

Total per week: ~£102.50
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doodle_333
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#31
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(Original post by Amyyyy :))
thank you oh if your not a first year student I've been wondering what are the options for places to live I hope it doesn't sound silly but if there's all this accommodation for first years where do the students in other years live?
some will stay in campus halls, some live in privately rented houses and some move into privately run student halls
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Amyyyy :)
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#32
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#32
(Original post by Rakas21)
Rent inc bills: £210 per month (on a weekly basis is ~£50).
Travel: £78 per month (on a weekly basis is ~£20)
Phone: £10 per month (on a weekly basis is ~£2.50)
Gym: £19 per month (on a weekly basis is ~£5)
Food and toiletries: ~£25 per week

Total per week: ~£102.50
thankyou
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Amyyyy :)
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#33
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#33
(Original post by doodle_333)
some will stay in campus halls, some live in privately rented houses and some move into privately run student halls

thankyou
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