What's a generous weekly budget for a student? Watch

Brouhaha
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I'm not trying to show off here or anything! But my parents are pretty reasonably off at the moment, and I think they're open to suggestion as to how much my weekly budget should be. I can only get minimum student loan so they'll be helping me out. As my parents didn't go to uni, we're struggling to come up with a weekly budget (for food, books, travel expenses -- though I'll live on campus -- , going out, clothes etc... ideally leaving some left over for cheap yearly holiday and emergencies). Basically we want to come up with something that's reasonably generous but which doesn't take the mickey. Any suggestions?
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-WhySoSerious?
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http://www.ucas.com/students/student...get_calculator

go!
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Mr_Deeds
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Books are usually a one off so I wouldn't include that in your weekly budget. Plus, there's usually a pretty well stocked and free library for everything else that isn't a strict necessity. For food £30 a week would be more than reasonable and if you're shrewd with your money you can afford to have a good few nights out a week for not more than the same amount. I doubt you'd buy clothes weekly but you might; assuming you're the rule and not the exception I'd leave about £50 a month for that sort of thing. Then you have your phone bill and the odd few quid for, well, whatever. On that basis I'd say that, excluding your accommodation fees, roughly £80 a week would be pretty generous and more than enough. :yep:
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Glucosinolate
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Unless i can get a job, i'm looking at £50-£80 per week excluding accommodation, and i think i'm on the lower end of the spectrum, moneywise. Good for you if your parents are willing to help, i'd say £90 per week or so would be pretty generous, but it depends a lot on where you're going
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RadioElectric
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(Original post by Brouhaha)
I'm not trying to show off here or anything! But my parents are pretty reasonably off at the moment, and I think they're open to suggestion as to how much my weekly budget should be. I can only get minimum student loan so they'll be helping me out. As my parents didn't go to uni, we're struggling to come up with a weekly budget (for food, books, travel expenses -- though I'll live on campus -- , going out, clothes etc... ideally leaving some left over for cheap yearly holiday and emergencies). Basically we want to come up with something that's reasonably generous but which doesn't take the mickey. Any suggestions?
How well off? I know some people at my university whose parents have set them up with houses.

1) Buy a house for your child to stay in during their university course.
2) Rent out rooms in the house to other students at the university. That'll pay most of the bills and mortgage, and your child is living for free.
3) Profit.
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yoyo462001
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(Original post by RadioElectric)
How well off? I know some people at my university whose parents have set them up with houses.

1) Buy a house for your child to stay in during their university course.
2) Rent out rooms in the house to other students at the university. That'll pay most of the bills and mortgage, and your child is living for free.
3) Profit.
My parents were going to do that for me and my bro if we went to the same Uni, but it seemed like the whole point of uni about being Independent went out the drain.
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theronkinator
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Without a job I'm going to be on about £55, so I'd say £70-80 would be generous.
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Rainbow-Dream
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(Original post by RadioElectric)
How well off? I know some people at my university whose parents have set them up with houses.

1) Buy a house for your child to stay in during their university course.
2) Rent out rooms in the house to other students at the university. That'll pay most of the bills and mortgage, and your child is living for free.
3) Profit.
I'd never have thought of that myself. Uni is 2 years away for me though
Do you know of anyone who has done this?
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spl00sh
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I'd say £200 between the eating out everyday, buying clothes, going out..
I lived comfortably on that during uni
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Montarnna
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I'm getting a job, so that'll probably be £70 a week, and parents are giving me another £70
Accomodation is paid for by the governmnet, so I'm planning on living well on that
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EarlHickey
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(Original post by spl00sh)
I'd say £200 between the eating out everyday, buying clothes, going out..
I lived comfortably on that during uni
Are you joking!

Then again I knew a girl who got £800 a month from parents, and £12 a hour working (and they paid travel expenses) working about 10 hours a week then by week 2 of the month would complain how skint she was and knocked on my door asking for a loan of a fiver this was every month.
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Yasmeenax
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(Original post by EarlHickey)
Are you joking!

Then again I knew a girl who got £800 a month from parents, and £12 a hour working (and they paid travel expenses) working about 10 hours a week then by week 2 of the month would complain how skint she was and knocked on my door asking for a loan of a fiver this was every month.
Lolwut? O_O
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spl00sh
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(Original post by EarlHickey)
Are you joking!

Then again I knew a girl who got £800 a month from parents, and £12 a hour working (and they paid travel expenses) working about 10 hours a week then by week 2 of the month would complain how skint she was and knocked on my door asking for a loan of a fiver this was every month.
Well maybe it's a girl thing but i spend £30 on a night out (i like cocktails) twice a week, food like £10 a day, clothes/makeup £50, society stuff £20
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EarlHickey
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(Original post by spl00sh)
Well maybe it's a girl thing but i spend £30 on a night out (i like cocktails) twice a week, food like £10 a day, clothes/makeup £50, society stuff £20
I can understand the drinking as when I first turned 18 got more than 1 student account and went on drinking binges of like £20 then £30 then £40 etc.

But I dont understand how clothes and makeup are £50 a week unless you are buying loads of new clothes every week and all expensive make up.

I am sure you can cut that down with taking out some exessive luxuries and buying cheaper food and things.
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Joel4fun4u
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About £80 a week excluding accomodation. Get a few thou in the bank as extra spending money though.
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mackey
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I could potentially spend £160 a week but I'm going to try to keep it at £100 max, then save the rest. Ideally I'd work part time next to uni to feed my excessive spending habits. How the money burns in my pocket. The pain, the agony :p:. But on a serious note, I admire those that can budget tightly and stick to it.
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spl00sh
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(Original post by EarlHickey)
I can understand the drinking as when I first turned 18 got more than 1 student account and went on drinking binges of like £20 then £30 then £40 etc.

But I dont understand how clothes and makeup are £50 a week unless you are buying loads of new clothes every week and all expensive make up.

I am sure you can cut that down with taking out some exessive luxuries and buying cheaper food and things.
Well a dress is normally like 60-100, tops 20-30 a pop, makeup an eyeshadow is like £10 etc.
i could cut down obviously but that wouldn't be living comfortably for me!
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Joel4fun4u
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(Original post by mackey)
I could potentially spend £160 a week but I'm going to try to keep it at £100 max, then save the rest. Ideally I'd work part time next to uni to feed my excessive spending habits. How the money burns in my pocket. The pain, the agony :p:. But on a serious note, I admire those that can budget tightly and stick to it.
Why would you admire them? They're simply doing what is essential, along with hundreds of millions of others worldwide. It's not hard to spend wisely, princess.
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RayW
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#19
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I'm planning to live on £50 per week next year.
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RadioElectric
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(Original post by Rainbow-Dream)
I'd never have thought of that myself. Uni is 2 years away for me though
Do you know of anyone who has done this?
Four people.

1. Has the house and mortgage in his name.
2. Has the house and mortgage in his parents' names.
3. I'm not sure of.
4. Has the house in his name and has now bought another one!
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