Budgeting and 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 it's 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 towards taking control of your finances.
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 follow '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:
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:
Students Credit Action (hints and tips)
NASMA (top tips) .pdf
NHS Choices (free fitness)
Access to Learning Fund (ALF)
CAB - Big Energy Saving Week
CAB/OFGEM - Energy Saving deals Leaflet
MAS - Money Tips for Graduates
Credit crunching - A Student Guide to Credit
Student Beans - Deals and Offers
Welfare & International Support
Student Support and Wellbeing Centre
Tel: 0191 227 4127
Student Support and Wellbeing
Ask4help Desk, Coach Lane Campus Library
Coach Lane Campus
Tel: 0191 215 6590