Budgeting & Money Advice
Sometimes managing your money can be a challenge and often a student income is very limited. Learning to live within a budget can alleviate some of the stresses of a low income, as well as reducing the levels of commercial and personal debt you may accrue through university.
Financial worries are the last thing you need when you are trying to concentrate on your studies, so its worth taking a few minutes to think about how you will manage your finances.
Planning A Budget
The key to successful budgeting is knowing how much money you will have coming in and making sure that you don’t spend more than you have. Drawing up a simple budget plan to predict your income and outgoings is a big step toward taking control of your finances.
Our A Guide to Successful Budgeting offers some useful tips on living on a budget and you can use our electronic Budget Planner to start planning your finances straight away.
UK Students can also use the Brightside UniAid UK Student Calculator as a budgeting tool and International Students may find the UniAid International Student Calculator useful too.
If you find you have less money to live on than you need please don’t panic! This means you will need to review your budget and identify ways to maximize your income and reduce expenditure. Please see the Coping With A Shortfall page for more information on this. You can also see a Welfare & International Advisor for further information.
Debt – Self Help Guides and Programmes
If you have debt problems and would like some support and guidance on sorting out your finances and dealing with both urgent and non-priority debts you can access a range of helpful guides and resources on the links below:
Consumer Credit Counselling Service
If you feel your debt is severe and would like some support in person or advocacy you can contact your local Citizens Advice Bureau for help:
Contacts
Welfare & International Support
Student Support and Wellbeing Centre
Ground Floor
Northumberland Building
City Campus
Tel: 0191 227 4127
Student Support and Wellbeing Centre
Allendale Building
Coach Lane Campus
Tel: 0191 215 6590
Email:sv.welfareandinternational@northumbria.ac.uk
Related links
