Budgeting becomes very important when you come to University,
especially as many students receive funding in
termly payments that need to last till the start of the next term.
To work out your average income over the whole
year, add up your yearly income from all sources (these may include
student loans and grants, earned income, tax credits and benefits,
family support, personal savings) and divide into a weekly or
order to work out your budget you need to know where your money goes
to at the moment. It may be useful to keep a daily planner and note
down everything you spend money on (whether thatís by cash,
cheque, direct debit, etc.)
There are various budget planners available
online, one designed especially for students is available from
Credit Action as an
There is a
student calculator from
UCAS also has an online
budget calculator for
budget calculators for both UK and
Student Parents website has a budget calculator designed
specifically for students who are parents.
Some companies such as
Money Dashboard offer services to link to your bank account,
tag transactions and set budgets.
Advice Service website has a range of
budget tools and
calculators including their
Cutback Calculator and
Money stretcher calculator.
If you are in financial difficulty we provide
management advice and information. For advice or referrals please contact
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