Before you start looking at flights and dreaming of 5* holidays, take a look at your finances and be realistic with what you can actually afford. If you’re looking for
a summer escape with your mates, agree how much you can spend on flights and accommodation before you decide on where to go. If you’re travelling for a long time don’t forget to budget for three meals a day, transportation to and from the airport, visas, keepsakes, entry fees to attractions and a new passport if it’s about to expire.
Plan in advance but remain flexible:
Travelling around the time the schools break up is the most expensive time to get away. Last minute deals do exist, but by far the cheapest way of travelling is to book months in advance. You’ll snap up some gorgeous accommodation on the cheap by doing this....
1. Create a budget
The best way to help make sure your food shopping doesn’t leave you skint is to create a monthly budget of your outgoings and incomings. Factor in how much you spend on food and stick to your budget when you shop. It’s easy to go over by a few pounds each week but over a year this really adds up. Subtract money from your budget every time you pick up anything to eat while you’re out and about to get a handle on how much you’re actually spending on food - you might be surprised by how much you’re actually spending on takeaway food.
2. Take a shopping list
Before you head to the supermarket, write down everything you need and work out if you’ve got enough in your budget to buy it all. Shopping without a list can be lethal – you might end up with goods on offer that you don...
University is probably the first time you’ll move out from your parents and be left to fend for yourself. Not only will you have to decide who you want to live with but you’ll also have to sort out all the paperwork and take on the financial responsibilities that come with renting a place of your own. It’s important you understand everything you need to do to make sure your tenancy goes smoothly and you keep on top of all your monthly bills. Here is how to make sure you get your tenancy deposit back...
Christmas can feel quite stressful as a student and when you’re a bit strapped for cash it’s easy to panic and get into expensive debt. Here are some top tips on how to spend less this Christmas.
Create a budget
Look at your bank balance then decide how much you can realistically spend on Christmas without breaking the bank. Ideally, you’ll have saved a little bit over the previous months, but if this hasn’t happened remember to be realistic. It’s the thought that counts not the cost of the present and people will understand you’re having to cut back this year – students aren’t known for having loads of money.
Getting a degree is expensive, but making every penny count lets you squeeze every drop of fun from your uni days without getting saddled with debt. Here are the top ten essential money tips for students.
1. Work out a budget
It is hard to set a precise weekly budget before you get to university and see what things really cost. However, trying to work out an outline budget before you go is still a good idea – even a rough idea of how much money you will have available each week will help you to avoid blowing your budget early.
The simplest way to do this is to make one list of all your monthly income (e.g. from loans, part-time work...
Taking the leap into private accommodation comes with more freedom but more responsibility.
Here’s how you can protect the deposit you pay at the start of your tenancy.
Before you move in
After you find a property, you need to do the following:
•Pay your tenancy deposit and any letting agent fees.
•Sign a tenancy agreement with the letting agent or landlord, and keep a copy for yourself.
•Get a copy of the property inventory and the keys on the day you move in.
What is the tenancy deposit?
It is a one-off payment you make at the start of...
It’s worth spending a few minutes shopping around for cheaper utilities and insurance if it will save you enough for a night out. Here’s how:
Halls of residence and some student houses include most of your bills in your rent, but if you live in private accommodation that you share with others you will need to share the bills too.
To make it fair you could use a service like Split the Bills. Everyone in...
As the heady days of student life become consigned to the realm of nostalgia, it’s time to pick up the tab.
Reality might begin to bite when you find yourself landed in thousands of pounds worth of debt, money flowing out of your account that you cannot keep track of, and a credit history tarred from years of abusing credit.
However, there are some quick and easy steps you can take to get your finances back on track.
Clean up your overdraft act
While your overdraft may have seemed like your best friend during your student days, now you are no longer studying it is likely to be more of a curse, particularly if it has...