Online Resources

Online Resources

Managing Your Money

Managing your money is one of the most important things you will learn as a student.  It is important to monitor your spending in order to ensure that you have enough money for essentials like rent and food, and to prevent overspending.

You can use the Money Advice online Student Budgeting Calculator to help you see whether you need to cut your spending on non-essential items and/or increase your income.       


Click on links to the left of this page to go to these calculators

If, when you have completed your budget calculation, you find that you have a surplus of money then you could save some for unexpected expenses (such as car repairs, trips).

If the calculation shows that you have a shortfall then you will need to examine your budgeting and see whether you can reduce some of your spending, or increase your income - see "Boosting Your Income"    

    

You can also use the following resources to help balance your budget:

 

Budget Sheet

It is important to monitor your spending patterns in order to spread your income over the period to which it relates and to ensure that you have enough money for essentials like rent and fuel bills.

Using a budget sheet will help you to see where you need to cut your spending on non-essential items and whether you need to increase your income. It is a good idea to divide income and expenditure into monthly amounts for easy comparison.

  

 

 

 

Spending Log

Use this log to record and monitor your spending and to help you identify any spending pattern that you would like to change.

 

 

  

 

 

 

 

Sharing Household Bills

Some useful tips and practical solutions to help you and your housemates organise and pay your household bills, in a way that is fair to everyone involved.  

 

 

 

 

 

 

 

Click links to left of this page to access the above resources