Student Budgeting Tips




Learn how to budget and save money while studying!

Some of you may have obtained financial support from family, loans or received sponsorship. The money you obtain in your account during the start of each term, may seem like a lot and very tempting to spend especially at first glance!  Now the question is how do you manage the money throughout the year especially with added costs such as books and social outings.

1. Total the amount of your income:
This can come in the form of the following:

  • Student loan
  • Grants
  • Bursaries
  • Sponsorships
  • Scholarships
  • Money from your parents or guardians
  • Income from a job

2. Calculate your outgoings

  • Tuition fees
  • Accommodation
  • House bills – internet, TV licence, water, gas, electric etc
  • Travel
  • Car
  • Credit card
  • Debt repayments
  • Phone bill
  • Food

3. Take action and manage what is left

This is the fun challenging part where you take a seat and really reflect on how to manage what you have left in your account. This will help for you to be selective.

  • Books
  • Course equipment
  • Household supplies and toiletries
  • Social activities
  • Clothes and shoes

4. Insurance

Whilst saving and spending smart, it is important to insure what you have especially as a student you never know what could go missing or stop working!

You can cover things such as your phone , laptop, TV and room (both in and out).

If you’re in student halls, check to see if your parent’s insurance covers your things. When it comes to holidays definitely remember to take valuable items home. If you are renting a house with other students, speak about how to protect the house from any theft or loss.

Actioning the above can help give you peace of mind and avoid unnecessary stress so that you can study well, socialise and enjoy your university experience.


As a student you enjoy the luxury of using a student card and getting major discounts. Take advantage and save where you can!

Our budgeting spreadsheet will help you to manage your money well. With formulas integrated into our downloadable excel template it allows you to add your information to track your monthly and yearly plans. The spreadsheet will calculate your total spends and help you identify areas that you can spend and save wisely to reach your money goal.