I got my finance letter and I'm getting ~£8000 in maintenance.
How much of this should be spent on rent, with the rest being day-to-day expenses?
How much of my Maintenence loan/grant should rent take up? watch
- Thread Starter
- 02-04-2016 14:36
- 02-04-2016 14:37
My rent takes up about 5/6ths of my loan.
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- 02-04-2016 14:39
- 02-04-2016 22:20
Just spend as little as you reasonably can. In my uni city you could find a room for £3000-3500 which was reasonable so no reason to spend any more than that but in London it's normal for rent to be the majority of your loan even on the maximum amount. The more you have for living expenses the more you will be able to relax during uni about money (and potentially even save a bit or do some travelling) but having a slightly larger bed or bathroom won't make a huge difference to your experience.
- 02-04-2016 22:29
I would suggest living in as cheap a place as possible but where you are comfortable with the standard of accommodation. Having a little bit more money left over to cover you is better than having 5-star accommodation* but nothing left to buy a few textbooks or a train ticket home for the holidays!
*Not that there is probably such a thing as 5-star student accommodation...