Managing your money at university can be a daunting experience: you may be away from home for the first time, managing student finance payments (without spending the whole lot), or changing your employment to fit around your studies. Whichever situation applies to you, you may need to make a little money go a long way.
Key things you need to know about budgeting on a low income:
- What is your income? This is how much money you have coming in. Such as your student loans/grants, earnings, money from family, etc.
- What are your outgoings? This is how much money you have going out. This would include rent, food, bills, books, etc.
- What is the difference between the two? You could use a spreadsheet, or a budget calculator, to work this out.
- Do you have any spare cash to save (or spend) at the end of the month?