Students

Budgeting is essential if you really want to enjoy university. Budgeting - the art of monitoring and controlling your spending - can seem like an unnecessary hassle and a waste of time, but it can mean that you avoid the worrying and the sleepless nights that money struggles can bring.

This may not come as a surprise to you, but 80% of young people aged 18-24 don't keep a budget! With the average graduate debt now over £13,000, keeping a budget is vital if you want to take control of your finances and not let your finances take control of you.

A budget allows you to see where your money is being spent and whether that spending reflects your priorities. Once you have budgeted for a night out you can put the budgeted cash into your wallet before you go out and then can spend it all guilt-free! After a budget has been set, it only takes about 15 minutes every month to keep the budget up-to-date and accurate.

A survey by the Financial Services Authority has shown that 34.4% of those who considered dropping out of university did so because of financial difficulties.

Keep a budget and begin to take a hold of your financial future.

If you would like help with your student loan please contact Student Finance Direct on 0845 607 7577. 

Student Budget Sheet                           

Student Moneymanual - Download free! 

Student Money Challenge