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Advice and Counselling Service

PLANNING A BUDGET AND MANAGING MONEY

Why should I plan a budget?

Managing money is an important part of student life. Whether you are living away from home for the first time, new to London or returning to study after working full-time, planning a budget can mean that you are less likely to experience financial problems which could seriously affect your studies.

If you are an international student, we have separate money advice and budgeting pages for you.

Has your budget been affected by the pandemic? You may like to refer to our webpage, Your money and the Coronavirus situation for some helpful advice.

You may like to gain financial skills and knowledge by taking part in MSE’s Academy of Money This is a free and independent academic financial education course, prepared and written by the Open University with guidance from Money Saving Expert. Hosted on the OU’s OpenLearn platform, the course is made up of six two-hour sessions of study covering all the key aspects of personal finance, including spending, borrowing, mortgages, saving, investing and retirement.

Watch our short animation about budgeting and see what the benefits of planning a budget are.

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