Managing your money is a very important part of student life. If you manage your budget well, you are less likely to experience financial problems, which could seriously affect your studies. By working out how much your basic costs are, and checking that you have enough income to cover them, you will be able to see whether you need to find any extra income, and/or make any savings. You will have a realistic idea of how much money you have available to spend each week, which means you are less likely to overspend and then run out of money later in the year.
We have written a detailed advice guide to help you with this:
Managing your budget and cutting costs [PDF 644 KB]
In this advice guide you will find:
- A step by step guide to creating your own personal budget plan
- Great ideas about how to get the best value for your money on food shopping, travel costs, utility bills, and lots more essential items
- Information on discounts, to help you cut your costs
- Tips on how to control your spending
- Advice on how to deal with unmanageable debts
You can contact a Welfare Adviser at any stage in your course, or before you enrol, to check that you are getting all of the income you are entitled to. Don't feel that you have to have a problem to see a Welfare Advisor: a lot of our work is aimed at helping students to budget and avoid their finances becoming a problem at all. We welcome enquiries from prospective students who are planning their finances.
Living away from home for the first time? Read Queen Mary's information: healthy eating on a student budget, including links to easy recipes.