How to manage your money at university
Being a student often means living on a tight budget. Whether you're relying on student loans, grants, or part-time work, knowing how to manage your money is essential for a stress-free university experience.
Most students receive a combination of student loan, maintenance grant, and possibly support from family. Your loan is paid termly, so planning how to make it last is crucial.
Create a monthly budget based on what you actually receive. Divide your termly payment by the number of months to see what you have available each month.
Start with your non-negotiables: rent, utilities, food, and transport. These take priority in your budget. Anything left over can go towards social activities, entertainment, and savings.
Student discounts are everywhere - from transport to restaurants to software. Always ask if there's a student discount. Supermarket own brands are often just as good as named brands, and cooking in bulk can save both time and money.
Consider getting a student bank account with free overdraft protection. This can be a safety net if you run short at the end of term.
Many students work part-time to supplement their income. Look for roles that offer flexible hours around your lecture schedule. On-campus jobs often understand student commitments better.
Paid internships and placements can also provide valuable work experience while earning money. Start looking early in the academic year.
Use Delphina to track your spending and build good money habits for life.