Monday 20 January 2014

Student Finance

Keeping control of your money is one of the hardest things that you face whilst at university.  You've initially got the hurdle of applying to the students loan company which provided funding to students across the UK on behalf of the Government.  Then you need to budget wisely to make this money last.

Many students find it necessary to undertake part time work to help fund their studies.  Even if you only do a couple of shifts each week behind the bar at the local pub, it can really help you stay afloat financially.  You can treat this money as your recreational spending fund and keep it ring fenced from your main account.

Keep track of the monthly spending and tot it up regularly to find out where your money really is going.  Over a few months you can quite often see a pattern and highlight where any overspend is happening.

Leaving university with a debt is now the norm rather than the exception.  The key is keeping that debt as low as possible so it isn't a huge burden once you leave the sheltered space of university and venture out into the real world of full time work and increased commitments.

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