Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    1
    ReputationRep:
    I was wondering if you guys had any advice on what you think the best way to budget is while you're at uni?
    • Very Important Poster
    Online

    21
    ReputationRep:
    Very Important Poster
    (Original post by samhl)
    I was wondering if you guys had any advice on what you think the best way to budget is while you're at uni?
    So I'd say, during the first few week, work out what your weekly budget should be and then be quite strict with yoursef. Your uni website will most likely have a rough guide eg
    http://www.bath.ac.uk/study/ug/funding/living-costs/

    which may have some extra things that you might never buy so you can take away as necessary.

    I would also suggest keeping an Excel spreadsheet. Slight pain to maintain but worth it to know where everything is going each week.

    Then in terms of actual budgeting, I thnk shopping is probably the key bit. Shopping lists help you to not forget anything but also to not buy extra things, as well as be able to buy things in bulk for cheaper as well as frozen stuff.
    • Section Leader
    • Very Important Poster
    • Peer Support Volunteers
    Online

    21
    ReputationRep:
    Section Leader
    Very Important Poster
    Peer Support Volunteers
    Plan your meals out that will help you save a decent amount of cash.
    Offline

    18
    ReputationRep:
    Make your own lunch, it'll save you so much money
    • TSR Support Team
    • Very Important Poster
    Offline

    22
    ReputationRep:
    TSR Support Team
    Very Important Poster
    Don't go shopping whilst hungry.
    Offline

    15
    ReputationRep:
    If possible make sure you're saving a bit every week for unexpected costs etc.
    Offline

    19
    ReputationRep:
    Set a weekly or bi-weekly budget that you have to work on with no excuses. So if you end up with £5 for 3 days, you work with that instead of going, oh, I'll just take out another £10 just this time. Will make you learn to plan ahead more.

    I do shopping for 2 weeks at a time. Have set £40 a week so I have all my money in savings and every 2 weeks move £80 to my bank account. I do my shopping online (as there are no supermarkets nearby) and then what's left is for going out and other stuff I need.

    Plan your meals. If you plan out your meals for a week and buy everything in one shopping, you won't be going into the store every day and grabbing random things that grab your attention. So will save money.

    Also try to cook and do large meals. You can save the leftovers for a different meal and can freeze some things to reheat and eat a week later.

    Making your own lunch also saves money. You can make the same sandwich for like 50p if not less while buying it will cost you £2. Can also make pasta, salads and stuff like that.
    Offline

    19
    ReputationRep:
    (Original post by samhl)
    I was wondering if you guys had any advice on what you think the best way to budget is while you're at uni?
    Write down your costs and then split how much dosh you have left over the number of weeks you have to survive.

    One top tip is to withdraw your weekly allowance in cash each week. When it has gone, it has gone until the next week. Whatever you do do, don't pay for stuff on cards as it is almost impossible to keep track.

    Good luck!
    • TSR Support Team
    • Very Important Poster
    Offline

    22
    ReputationRep:
    TSR Support Team
    Very Important Poster
    (Original post by ByEeek)
    Write down your costs and then split how much dosh you have left over the number of weeks you have to survive.

    One top tip is to withdraw your weekly allowance in cash each week. When it has gone, it has gone until the next week. Whatever you do do, don't pay for stuff on cards as it is almost impossible to keep track.

    Good luck!
    I did this. It also meant not having to try and find the £1.80 change for the washing machines at uni.
 
 
 
Poll
Do you agree with the PM's proposal to cut tuition fees for some courses?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.