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How much do you have in savings? watch

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    I'm starting university next year and wondering if I have enough to. I only have £5000 in savings
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    (Original post by Tedesco)
    I'm starting university next year and wondering if I have enough to. I only have £5000 in savings
    Did you make this thread just to brag?

    jk.

    5k should be plenty. You only need a few hundred pounds to tide you through the fresher's week as the maintenance loan generally comes through a few days after.

    To answer your question, I had slightly less than you when I started.
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    Ngl, £5.26.

    I'm hopefully starting uni in 2019 so I guess I have time + "only" 5k worth of savings is a lot
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    (Original post by Blue_Cow)
    Did you make this thread just to brag?

    jk.

    5k should be plenty. You only need a few hundred pounds to tide you through the fresher's week as the maintenance loan generally comes through a few days after.
    I'm not eligible for the maintenance loan and one of my parents won't contribute. Hence it's 'only 5k'
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    £17,000.
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    (Original post by Tedesco)
    I'm not eligible for the maintenance loan and one of my parents won't contribute. Hence it's 'only 5k'
    Ah I see. Sorry for assuming!

    5k should be enough for maybe the first semester? Your accommodation deposit will probably be about 300 pounds, then you need to pay your first term's rent, travel up to uni, clothes, food, entertainment etc.

    You should definitely be looking at getting a job, though.
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    I walk into London and literally £15 goes out my pocket randomly
    tbh idek, I'd like to say I'm skint atm
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    I think £2 ☺
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    (Original post by faloodeh)
    I think £2 ☺
    Around this. Whatever the interest was on my ISA is whatever's left in there at the minute. Been living on credit all year, ugh.
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    Im starting uni next year too and my current balance is £0.18
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    ngl I'm so broke I owe myself money atm

    My savings are about -£100
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    (Original post by zahraahmedish)
    Im starting uni next year too and my current balance is £0.18
    Are you eligible for student maintenance though?
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    Whether it's enough depends on:

    what your living expenses are? Which is largely determined by your city and accommodation prices

    What your life style is like, do you have expensive hobbies/habits? Or are you a budget-er?

    And what income/ financial help do you or will you get on top of your 5k savings? You said you're not entitled to maintenance money, and one of your parents won't contribute. What about the other parent? How much will they be contributing? Will you be getting a part time job? etc.

    Without all of that information it's literally impossible for us to determine if you have enough.
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    Tbqh... I have 1,2,3,4,5,6,7,8 m's in my bank account.


    Who am I kidding? I have £0.86 in my bank account. So having 5k, you're already at an advantage
 
 
 
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