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Budgeting Spreadsheet

University may be the first time where you'll have to properly budget and watch what your spending. We've got a spreadsheet which will help!

Keeping an eye on your incomings and more importantly, outgoings is vital when you're a student. Yes, you will get a healthy-looking student loan, but it's important to remember this is given to you in 3 installments. For example, your first student loan instalment paid out in mid September, needs to last until mid January, yes JANUARY. So you see, you have to budget, ensuring you have enough money every week for rent, bills, food and everything else. 

Check out our awesome budgeting spreadsheet to help you keep an eye on your monetary movements. 

The numbers we’ve popped in below are totally made up, but are somewhat similar to a ‘student lifestyle’, so the totals shouldn’t be a million miles away from what you should expect. 

 

Money In 
 

Monthly income 

Yearly income 

Student Loan (Maintenance)

£600

£7,200

Grant/ Bursary/ Sponsorship

£250

£3,000

Money from Parent 

£250

£3,000

Work 

£200

£2,400

Savings 

£50

£600

Total Income 

£1,350

£16,200

 

Money Out 
 

Monthly Outgoings 

Yearly Outgoings

University

Tuition Fees (covered by loan)

£770.83

£9,250

Accommodation Fees 

£516

£6,192

Course Supplies 

£10

£120

Bills

Contents Insurance

Included in accommodation 

Gas/ Electricity/ Water

Included in accommodation 

Broadband

Included in accommodation 

Mobile Phone 

£20

£240

TV Licence 

£13

£156

Food Shopping 

£60

£720

Travel

Rail/ Bus/ Tube/ Coach 

£10

£120

Petrol

£20

£240

Car Insurance/ Tax/ Breakdown

£50

£600

Car Maintenance 

£4

£48

Recreation

Drinking/ Eating Out 

£30

£360

Hobbies

£10

£120

Clothes 

£20

£240

Tickets (cinema, club)

£10

£120

Subscriptions (Netflix)

£6

£72

Gym/ Fitness 

Included in accommodation

Beauty (Haircut/ Nails)

£10

£120

Events 

Christmas 

£10

£120

Holidays 

£30

£360

Festival 

£10

£120

Birthdays

£12

£144

Total Outgoings

£851.13

£10,213.56

 

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