Emergency money? Watch

jardantuan
Badges: 1
Rep:
?
#1
Report Thread starter 6 years ago
#1
I'm in a bit of a pickle - my rent is going out on Monday. I can afford it, but it'll leave me with a total of £42 to last me for the next three weeks. Chances are that won't last me, since I'll need phone credit soon (and there's another £15 gone).

I know not to trust any of those payday loan things, since the interest is beyond ridiculous. But are there any other means of borrowing small amounts of money (£50 or so)? I don't think I'll be able to borrow off family, and I hate borrowing from friends. I've maxed out my overdraft, and I've exhausted any other options I can think of.

Note: This makes me seem incredibly poor at managing my finances, but I'm not that bad really I get a scholarship from my uni, but the payments are heavily skewed towards the end of the year, presumably to make sure people don't take the money and leave a few weeks in - I'll actually be quite well off come June
0
reply
angel.iced<3
Badges: 3
Rep:
?
#2
Report 6 years ago
#2
Could you try that pawn thing? I think that's what it's called. Where you 'temporarily' sell your item to a pawn shop and then buy it back once you're stable.
0
reply
archdd
Badges: 6
Rep:
?
#3
Report 6 years ago
#3
You could do a one-off job at Gumtree like cutting the grass or painting walls?

Or you could sell some stuff on Ebay.
Or if you're active enough - do some surveys online should get you like £30 in three weeks.

Can't you contact your university and ask for support?
0
reply
Tiger Rag
Badges: 22
Rep:
?
#4
Report 6 years ago
#4
Do you have a student account with an interest free overdraft?
0
reply
xoxAngel_Kxox
Badges: 21
Rep:
?
#5
Report 6 years ago
#5
Try talking to your bank and see if they would increase your overdraft by a small amount. See if you could possibly prove that you have money coming later in the year.

In my second year I was in the same position as you with the scholarship as my uni didn't pay anything until Feb, so between Dec and Feb I was a bit screwed. I got a 0% credit card and used that until my money came through. BUT. You have to know that you're disciplined enough to a) pay it back when you get your money through and b) not spend more than you absolutely have to on it. It's the perfect solution provided you have a good enough credit rating, and as long as you could use it for the intended purpose and nothing more.
0
reply
hothedgehog
Badges: 16
Rep:
?
#6
Report 6 years ago
#6
Talk to your uni for an emergency loan?
0
reply
jardantuan
Badges: 1
Rep:
?
#7
Report Thread starter 6 years ago
#7
I've spoken to my bank in the past; they basically said that the OD limit is non-negotiable - they can't manually increase it past the limit (and sadly that's what I'm at ). Unfortunately doing any kind of work is not an option at the moment, since I'm right in the middle of exams and can't afford to lose any time

I'm probably going to try calling my parents in the next couple of days - I don't know if they'll be able to help, since I know they're struggling themselves, but it seems like a logical thing to try next.

Failing that, I'll try getting in contact with the university. I'm sure I'll be able to sort something out, one way or another
0
reply
CEKTOP
Badges: 13
Rep:
?
#8
Report 6 years ago
#8
(Original post by jardantuan)
I've spoken to my bank in the past; they basically said that the OD limit is non-negotiable - they can't manually increase it past the limit (and sadly that's what I'm at ). Unfortunately doing any kind of work is not an option at the moment, since I'm right in the middle of exams and can't afford to lose any time

I'm probably going to try calling my parents in the next couple of days - I don't know if they'll be able to help, since I know they're struggling themselves, but it seems like a logical thing to try next.

Failing that, I'll try getting in contact with the university. I'm sure I'll be able to sort something out, one way or another
£28 can last for 3 weeks in terms of food. Eat rice. £18 will buy you 12kgs. You can feed a small army with that, poor-chinese-farmer style.
0
reply
Cabriolean
Badges: 6
Rep:
?
#9
Report 6 years ago
#9
£42 is more than I spend on food on average for 3 weeks, make sandwiches, eat pasta and rice, you could even eat Morrison's saver pizza (63p), they have 1kg size trays of lasagna etc. for under £3, cut out a portion and eat with veg etc........
0
reply
marcusfox
Badges: 16
Rep:
?
#10
Report 6 years ago
#10
(Original post by jardantuan)
I'm in a bit of a pickle - my rent is going out on Monday. I can afford it, but it'll leave me with a total of £42 to last me for the next three weeks. Chances are that won't last me, since I'll need phone credit soon (and there's another £15 gone).

I know not to trust any of those payday loan things, since the interest is beyond ridiculous. But are there any other means of borrowing small amounts of money (£50 or so)? I don't think I'll be able to borrow off family, and I hate borrowing from friends. I've maxed out my overdraft, and I've exhausted any other options I can think of.

Note: This makes me seem incredibly poor at managing my finances, but I'm not that bad really I get a scholarship from my uni, but the payments are heavily skewed towards the end of the year, presumably to make sure people don't take the money and leave a few weeks in - I'll actually be quite well off come June
If you can't get the money from the bank, then you will just have to make do. £42 for three weeks is certainly enough to live on food wise, £14 a week will be sufficient to provide even relatively healthy and nutritious meals for one.

As for phone credit, why do you have to top up by £15? You will just have to get people to call you, or use e-mail/Skype...
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Would you turn to a teacher if you were being bullied?

Yes (66)
23.4%
No (216)
76.6%

Watched Threads

View All
Latest
My Feed