# Living on £400 a month

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#1
Hi, I was doing a few calculations with what I will get with student finance, and taking out accommodation costs (includes bills like water, electricity, WiFi wtf), it leaves me with just over £400 a month. I don't know much about budgeting and don't know much about how much it costs to live, but is £400 a decent amount for food and any other extras I might need? Thank you.
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4 years ago
#2
(Original post by YallMindIfIYeet)
Hi, I was doing a few calculations with what I will get with student finance, and taking out accommodation costs (includes bills like water, electricity, WiFi wtf), it leaves me with just over £400 a month. I don't know much about budgeting and don't know much about how much it costs to live, but is £400 a decent amount for food and any other extras I might need? Thank you.
I managed to live off 40 pound a month (excluding accommodation). You will be fine.
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#3
(Original post by Immunology)
I managed to live off 40 pound a month (excluding accommodation). You will be fine.
Thank you. Have a good night
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4 years ago
#4
(Original post by YallMindIfIYeet)
Hi, I was doing a few calculations with what I will get with student finance, and taking out accommodation costs (includes bills like water, electricity, WiFi wtf), it leaves me with just over £400 a month. I don't know much about budgeting and don't know much about how much it costs to live, but is £400 a decent amount for food and any other extras I might need? Thank you.
Let's assume you've only paid for accommodation related costs (so water, gas, electricity, internet, rent), and I'll assume you don't have a car or anything.

You'd want up to £150 per month for food.
Say £30 per month for mobile phone.
Let's say £100 per month on transport (though may well be zero).
That leaves you £120 a month/ £30 a week for other stuff. Though the above costs may be much higher than you actually spend.

As a comparison, my food is about £75 per month, phone £4, and they're the only definite outgoings each month I can think of.

Basically, you'll have plenty of money.
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#5
(Original post by BobLoblawLawBlog)
Let's assume you've only paid for accommodation related costs (so water, gas, electricity, internet, rent), and I'll assume you don't have a car or anything.

You'd want up to £150 per month for food.
Say £30 per month for mobile phone.
Let's say £100 per month on transport (though may well be zero).
That leaves you £120 a month/ £30 a week for other stuff. Though the above costs may be much higher than you actually spend.

As a comparison, my food is about £75 per month, phone £4, and they're the only definite outgoings each month I can think of.

Basically, you'll have plenty of money.
Thank you for the reply It'll actually be much better than what you said as the accommodation is in walking distance to the university and city centre, and I'm fortunate enough to have a family that will pay for my phone bill. Not to mention I'm already very skinny and don't each very much as it is. It's good to know I won't be struggling
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4 years ago
#6
(Original post by YallMindIfIYeet)
Hi, I was doing a few calculations with what I will get with student finance, and taking out accommodation costs (includes bills like water, electricity, WiFi wtf), it leaves me with just over £400 a month. I don't know much about budgeting and don't know much about how much it costs to live, but is £400 a decent amount for food and any other extras I might need? Thank you.
People on benefits get around £315 per month, which has to cover utilities as well (but not rent). So you can certainly live off £400 a month.
1
4 years ago
#7
It depends where you live too. Some cities are really cheap.

OP - you'll be fine. I had a budget of £80 a week and still had quite a lot left over.
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4 years ago
#8
I'm at uni and have a grandson at college. We live on my State Pension and Child Benefit for him and we manage.
0
4 years ago
#9
I think I got around £6000 from student finance in total as my family's income was white low. My rent was about £3500 a year (not ensuite, and maybe the second or third cheapest on campus).
That left me with about £250 a month (not quite as high as the £400 the op has ), which was still more than high enough.
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4 years ago
#10
I had £3 left once i'd paid my rent...£100 a week will be more than enough
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4 years ago
#11
It depends on household income.
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4 years ago
#12
Poorer or single parent households

(Original post by Immunology)
I managed to live off 40 pound a month (excluding accommodation). You will be fine.
How low did you have to go to survive on that?
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4 years ago
#13
(Original post by Kravence)
Poorer or single parent households

How low did you have to go to survive on that?
I cooked everyday with low budget meals. I only eat one meal a day too so wasn't that difficult.
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4 years ago
#14
Low wage household fam.
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2 years ago
#15
Hi I would really like to have £400 pound a month to keep my bills up to date instead of struggling to get money all the time like paying for Wi-fi electricity house rent stuff like that so please please help thank you.
Last edited by Lukehs22; 2 years ago
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