The Student Room Group

Money per week at university

I am going to Bath university (hopefully based on results!). How much money do I need a week after tuition fees and Res fees?
Reply 1
Well, your tuition fees will be covered by the Student Loans Company, so the University charges your year fees to the company, which pays them on your behalf. The company charges you the interest that you'll need to repay them when you finish your degree/studies.

I'm not sure what you mean by 'RES' fees, but I presume these are your accommodation fees.
I wouldn't know how this payment is taken, as I went to uni without a student loan for this.

How much do you spend on average each month? Does your bank provide a statement or break it down for you?

A good way to start is:
Open Excel (or Google Sheets)
Write down everything you currently spend money on. EG: Fuel, Phone Bill, Bills (Rent), Entertainment (cinema, trips out etc), Groceries (supermarket shopping), Gifts (presents, friend birthdays), Shopping (clothes), Personal Care (Gym membership), Holidays (trips abroad), etc.

Then if you want to save money, you can reduce the amount spent in these categories.
There are many ways to save money as a student: https://10ways.com/save/students
Sign up for a student card (UNI Days, Student Beans, NUS Extra) to qualify for discounts on products/days out.

I'll leave you with this motto:

"Anyone who pays full price for anything in life is an idiot. The product or service you seek is discounted somewhere. You just have to find it!"
Original post by silent-wendy
I am going to Bath university (hopefully based on results!). How much money do I need a week after tuition fees and Res fees?


Are you a UK/home fees student or an international student? If the former then as above, the tuition fees would usually be fully covered by an SFE tuition fee loan so that's a non-factor. You can then apply for a maintenance loan from SFE to help cover your living costs etc. So do be sure to explore those options if available :smile:

To answer your question though in terms of living costs in Bath, I suspect the big cost is going to be rent as I gather it's not an inexpensive city. After rent/utilities etc, then how much you need to allot for your living costs probably really depends on how you live! If you buy all your food on sale at Aldi/Lidl and/or Iceland, don't go out to expensive social events (including drinking frequently), walk places rather than use public transport, and try to be thrifty about how frequently you do laundry, don't buy expensive items or refresh your wardrobe frequently, you can keep costs relatively low.

But as noted I think those costs would be much smaller than rent costs and finding somewhere cheaper to live will make more of a difference to your finances than pinching pennies in your food shops and never going out or doing anything :redface:
Reply 3
Original post by Adz2042
Well, your tuition fees will be covered by the Student Loans Company, so the University charges your year fees to the company, which pays them on your behalf. The company charges you the interest that you'll need to repay them when you finish your degree/studies.
I'm not sure what you mean by 'RES' fees, but I presume these are your accommodation fees.
I wouldn't know how this payment is taken, as I went to uni without a student loan for this.
How much do you spend on average each month? Does your bank provide a statement or break it down for you?
A good way to start is:
Open Excel (or Google Sheets)
Write down everything you currently spend money on. EG: Fuel, Phone Bill, Bills (Rent), Entertainment (cinema, trips out etc), Groceries (supermarket shopping), Gifts (presents, friend birthdays), Shopping (clothes), Personal Care (Gym membership), Holidays (trips abroad), etc.
Then if you want to save money, you can reduce the amount spent in these categories.
There are many ways to save money as a student: https://10ways.com/save/students
Sign up for a student card (UNI Days, Student Beans, NUS Extra) to qualify for discounts on products/days out.
I'll leave you with this motto:
"Anyone who pays full price for anything in life is an idiot. The product or service you seek is discounted somewhere. You just have to find it!"
Thanks for the budgeting tips! Also here you can find other useful articles for saving while purchasing. I think it'll be helpful anyway. By the way, does anyone have a ready-made google sheets template to use?
(edited 3 months ago)

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