Once you’ve made the big move, you’ll need to think about how you manage your money - looking after your cash is one of the biggest challenges facing any student.
So, with a limited budget, how can you ensure you get through each term with your finances intact? Here are some quick tips to ensure you don’t end up in a financial mess. You can also use our essential moving checklist to ensure you have everything covered.
Deal with your student finance
One of your top priorities should be ensuring that you sort out your student finance. You may have forms to fill in and return, and you may need to formally register with your uni for the money to be released. Don’t ignore any correspondence.
Delete the Just Eat app
According to the BBC, 16 to 24-year-olds spend an average of £19.61 a week on takeaways and £28.26 eating in cafés and restaurants. Your money will go further if you buy ingredients and cook for yourself – and it’s even cheaper if you pool your resources and cook a big meal with your housemates.
Work, work, work
Loads of students supplement their income by working part-time. Most universities and surrounding areas have work opportunities in shops, restaurants and bars. These often have flexible hours to fit in with your lectures and other uni commitments – but be conscious of your work and study balance.
Put money aside for your essentials
While your society social might be on Wednesday night, paying your rent is more of a priority. It’s more important than anything else. You then have to pay your share of the bills and make sure you have enough money left for essentials like travel and food. Put aside the money you need for crucial items such as rent, bills, travel and food.
Protect your valuables
Having to replace your tech, clothes, or bike could end up being the most expensive thing that happens to you at uni. So, it’s wise to protect your valuables. Consider the value of all your possessions and decide whether you want to protect yourself against theft, fire and accidental damage from day one. We’ve designed our insurance with tenants in mind, so get a quote here.
Borrow books or buy second-hand
Depending on your course, the cost of buying books can be high. Rather than purchasing new editions, see if your uni or local library has the book you need. If you need to buy a copy, look around campus or head to eBay to find a cheaper second-hand version.
Click here if you missed part one of our guide to surviving uni. If you’re finding the guide helpful and want to find out more top tips, click here to read part three.