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    I'm going to Sheffield Hallam University this September, and this will be my first time being financially independent. I am going to be living in Halls, my maximum budget being 115 per week, but the most expensive halls I've chosen are 113 a week, my first choice being about 105 a week. I got my Student Finance letter saying my maintenance loan will be £8000.
    After rent, I'll have about £3400 approximately, which is about 60 a week. How do you suggest I split this money up and budget it? I have a job and should be eligible for a £2000 grant, but I want to see if I can survive purely on the loan, save up my wage, and use the grant if I get it for my art supplies. Any tips are appreciated
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    (Original post by mollyjm)
    I'm going to Sheffield Hallam University this September, and this will be my first time being financially independent. I am going to be living in Halls, my maximum budget being 115 per week, but the most expensive halls I've chosen are 113 a week, my first choice being about 105 a week. I got my Student Finance letter saying my maintenance loan will be £8000.
    After rent, I'll have about £3400 approximately, which is about 60 a week. How do you suggest I split this money up and budget it? I have a job and should be eligible for a £2000 grant, but I want to see if I can survive purely on the loan, save up my wage, and use the grant if I get it for my art supplies. Any tips are appreciated
    You could easily manage on £20-25 for food a week if you re sensible, then only you ll know yourself how much you feel you need for clothes and any other things like your phone bill.
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    (Original post by mollyjm)
    I'm going to Sheffield Hallam University this September, and this will be my first time being financially independent. I am going to be living in Halls, my maximum budget being 115 per week, but the most expensive halls I've chosen are 113 a week, my first choice being about 105 a week. I got my Student Finance letter saying my maintenance loan will be £8000.
    After rent, I'll have about £3400 approximately, which is about 60 a week. How do you suggest I split this money up and budget it? I have a job and should be eligible for a £2000 grant, but I want to see if I can survive purely on the loan, save up my wage, and use the grant if I get it for my art supplies. Any tips are appreciated
    You’ll have way more than £60 per week. Uni is only 2 10 week terms ( at UCL anyway, check ur uni if it’s different- could be 12 week terms) and then term 3 is just for exams. So divide £3400 by 20, and you’ll have £170 left weekly.
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    (Original post by SherlockD)
    You’ll have way more than £60 per week. Uni is only 2 10 week terms ( at UCL anyway, check ur uni if it’s different- could be 12 week terms) and then term 3 is just for exams. So divide £3400 by 20, and you’ll have £170 left weekly.
    You don’t pay for uni accommodation for the whole year, what about Christmas and Easter? Aren’t u gonna go home then? Don’t calculate rent for the whole 52 weeks, work it out only for term time cos I feel ur calculations are a bit off atm
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    (Original post by SherlockD)
    You’ll have way more than £60 per week. Uni is only 2 10 week terms ( at UCL anyway, check ur uni if it’s different- could be 12 week terms) and then term 3 is just for exams. So divide £3400 by 20, and you’ll have £170 left weekly.
    I divided the 3400 by 44 because that's how long my accommodation contract is. I don't know how long the terms are at Sheffield Hallam so I can't work it out that way
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    (Original post by mollyjm)
    I divided the 3400 by 44 because that's how long my accommodation contract is. I don't know how long the terms are at Sheffield Hallam so I can't work it out that way
    uni accommodation is so expensive......its a ripoff, but likely you cant cook and need the "sheltered experience". The smartest thing to do is however live slightly off campus... and a student loan goes quickly... a couple of nights out makes a big dent. Be very careful and set meal plans, lidl and aldi are your friends. Avoid waitrose and mini tescos!
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    (Original post by Realitysreflexx)
    uni accommodation is so expensive......its a ripoff, but likely you cant cook and need the "sheltered experience". The smartest thing to do is however live slightly off campus... and a student loan goes quickly... a couple of nights out makes a big dent. Be very careful and set meal plans, lidl and aldi are your friends. Avoid waitrose and mini tescos!
    My 3 accommodation choices are about a 10/20 minute walk from campus. I'm currently learning how to cook, I have Aspergers and I find cooking very hard so I will probably keep my food very simple, like pasta or salad so that should stay fairly cheap, and I believe there's a lidl not far from the city centre
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