Is it possible to get my entire maintenance loan in september? (got my answer its no)Watch
Due to big expenses at the start of the year (buying new household essentials, getting a new laptop and wanting to pay off all my rent at the start of the year) I created a budget that covers all these expenses, allows me to save a fair amount for emergencies (the amount i can have saved is nothing to sniff at and includes enough to keep me going over summer in case i cant get a job - just highlighting that this is some genuine thought out serious money management), and still gives me a good amount to use for buying nonessentials.
However I have only just learned that we get our maintenance loan (from the government) in three parts each term. This puts a spanner in the works for me, as it will mean during the first term i will barely be able to eat, and in the last term have more money than i know what to do with. I can redo my budget and work something out, but having things hanging over me (owing family/friends money and not knowing my rent is paid and done) will cause a LOT of stress.
Is there a way for me to get my entire maintenance loan from the government all at once in September?
Laptop wise you can get a half decent one round 250 mark. you don't want an emmc laptop. we had one of them and its got no memory hardly to do an update. ssd or hdd are better.
Also if you have a student bank account, you can choose one that has an overdraft you can pay back with no interest. https://www.savethestudent.org/money...-accounts.html Hsbc has 1k for first year, then limit goes up to 2k second year 3k third year.
Again, even if people were taught how to budget blah blah blah it's in SFEs own interest to not give it to people all in one go. They are there to do you a favour, but regardless of the situation, they will do themselves the favour more. They are a business after all.
Your suggestion is a recipe for disaster.and hopelessly naive about how finance and students work.
£2600 when my entire loan is £9000 is nothing to sniff at, and i want that money put aside so that if there is an emergency next year when i move out of halls and start paying full rent i wont starve.
even as a proper adult £2600 is a lot of money, my household income is currently £12000
saying £2600 isnt a large amount of money comes across way more arrogant than being happy about saving that much
im not getting cocky about saving, im being proud that i can get that much together for emergencies, because my whole life weve never managed to get any proper savings together until my gap year