10 top tips for saving money

This week is National Student Money Week. To mark it, our Student Finance team have compiled their ten top tips on how to improve your money habits.

1. First of all, as simple as it may sound, work out how much money you have. Start off by working out how much money you will have coming in each term (include things like your student funding, regular contributions from family/friends, expected income from part-time work during term-time and holidays, as well as scholarships or other external bursaries if applicable). Then work out the period of time this total income will need to cover. Divide the total income for the term by the number of weeks it needs to cover (term dates can be found on the Portal at https://portal.sgul.ac.uk/org/lis/reg/student-centre/ - remember to factor in the holidays!) and you have your weekly budget. Now stick to it!

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Keep on top of your student finances this National Student Money Week

Freshers’ offers the chance to make new friends, try out interesting activities and explore new places. It can be tempting to blow your student loan during those first few weeks. But, to ensure you have enough money to last the year, setting a budget and keeping on top of your finances is a vital.

12 February 2018

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