It’s no secret that everything is getting more expensive and it can make it harder to balance going out, socialising, working and studying. If you’re feeling the strain, we’ve got some tips to help you feel more in control of your money.
It sounds obvious but a realistic budget plan can make a huge difference to your spending. You can use the Advice and Counselling Services budget planner to help you with this, or create your own with the Save the Student budget templates. Taking note of what you’re spending will help you plan for bigger expenses – like bills, rent or a gym membership – and might highlight areas you can make savings.
One of the hardest things to do at university is find balance between working, socialising and studying. When you’re looking for part-time work, consider opportunities like the Student Ambassador scheme which allow you to work flexible hours to suit you. There are lots of opportunities available to suit students on the Careers and Enterprise website.
It can also be helpful to plan your week so that you block out time to do the things you enjoy, as well as studying and working, so that you don’t get burnt out.
Honesty is the key! If you’d rather not spend on socialising, let your friends know! The chances are they’re feeling the same way. There are lots of fun free things to do in the area; walks in Victoria Park, a visit to Spitalfields City Farm, lots of the museums and galleries in London are free to enter. Staying in and having a movie night or making dinner together is a fun way to socialise without spending any extra money too.
If you do go out and don’t feel comfortable splitting the bill, just let your friends know you’d rather pay for what you had.
Bringing lunch with you, or making your coffee at home, is a way of saving a little bit each week. Did you know there are microwaves on each campus? Check out these budget friendly recipes which make great left-over lunches!
Students who are experiencing financial difficulties can contact a Welfare Adviser in the Advice and Counselling Service. You can also find lots of resources on the Cost of Living portal.