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    This is going to be my first year at Uni and I'm completely new to the whole managing money thing and basically I have no idea how much I'm going to need on a average week...

    My University course fees are covered by student finance.
    My accommodation fees are covered.

    I need to know how much I would roughly spend:
    1. On a average week
    2. On a average month

    Thanks to all that reply
    Kolia
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    (Original post by mikkolia)
    This is going to be my first year at Uni and I'm completely new to the whole managing money thing and basically I have no idea how much I'm going to need on a average week...

    My University course fees are covered by student finance.
    My accommodation fees are covered.

    I need to know how much I would roughly spend:
    1. On a average week
    2. On a average month

    Thanks to all that reply
    Kolia
    That depends how much you intend on going out, food can be as cheap as you make it but between £25-£40 is a reasonable guess.
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    (Original post by claireestelle)
    That depends how much you intend on going out, food can be as cheap as you make it but between £25-£40 is a reasonable guess.
    Okay besides food how much would you usually spend on an average week?

    Thanks
    Kolia
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    (Original post by mikkolia)
    Okay besides food how much would you usually spend on an average week?

    Thanks
    Kolia
    Well I didn't drink at uni so about £50-60 after rent.
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    (Original post by claireestelle)
    Well I didn't drink at uni so about £50-60 after rent.
    Sorry but I'm just making sure...
    So you're saying you spend £50 to £60 without rent a week?
    Plus the £25 for food...
    So... in total you spend about £100 a week not including rent...
    What do you spend it on?

    P.S. I intend to go out often but I don't drink.

    Thanks again
    Kolia
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    (Original post by mikkolia)
    Sorry but I'm just making sure...
    So you're saying you spend £50 to £60 without rent a week?
    Plus the £25 for food...
    So... in total you spend about £100 a week not including rent...
    What do you spend it on?

    P.S. I intend to go out often but I don't drink.

    Thanks again
    Kolia
    No sorry I m saying I spent £50-60 including food. If you re a going out person if you re not careful it will be much worse than that.
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    (Original post by claireestelle)
    No sorry I m saying I spent £50-60 including food. If you re a going out person if you re not careful it will be much worse than that.
    Mb

    Thanks
    Kolia
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    (Original post by mikkolia)
    This is going to be my first year at Uni and I'm completely new to the whole managing money thing and basically I have no idea how much I'm going to need on a average week...

    My University course fees are covered by student finance.
    My accommodation fees are covered.

    I need to know how much I would roughly spend:
    1. On a average week
    2. On a average month

    Thanks to all that reply
    Kolia
    Assuming bills are included in your accomodation then all you need per month is money for direct debits (gym, phone), transport, food, toiletries and then spending money.

    My own budget post-uni is (per month)...

    £50 - Direct Debits
    £20 - Toiletries (a lot can be bought from a pound shop but washing powder plus decent deodorant and hair product take up about half)
    £80 - Food (Buy a months worth of breakfast and lunch and then all you have to is worry about bread, milk and your main meals).
    £120 - Transport (your cost is likely to be substantially less, try buy a termly pass to reduce costs further)
    £100 - General spending (cinema, coffee, a night out or two)

    Where your costs are less simply adjust the amount but that should give you a reasonable standard of living.

    Also get a part time job. Even if you only work 10 hours per week you'll be able to more or less have £200 per month extra to play with.
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    You'll need to budget for travelling home, however often you wish to go home. I walked most places; so didn't have huge costs in terms of transport.
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    Depends on how well you manage it. Just for food and general things every now and then, just about £30 a week. Maybe £50 if you go out and things like that. And you can live from less if you really try and do shopping with flatmates.
    That's around £130 - £220 a month

    For other costs it depends on you. For me there are no travel costs and I don't really buy clothes often so it only costs like £5 a month if you spread out the costs. Most toiletries don't need to be bought more than once every couple of months so again, maybe £5 a month if not less.
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    I'd also put some money aside for emergencies and deposit for next years house.
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    when I did my budget I took out any yearly/monthly costs first so - accommodation, phone bill/any other subscriptions e.g. netflix, money to travel home, an emergency budget, clothes, hobbies, a chunk for freshers spending, any travel cards you need etc

    once you've taken that out 40-80 a week is fine depending on your lifestyle (i.e. do you drink, do you like to go out a lot etc)
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    Thanks to all that replied,
    I do intend to go out often however, I don't drink or smoke.

    Thanks again
    Kolia
 
 
 
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