Tips for Managing your Finances at University

If you’re a new student off to university, there’s often a lot of decisions to make. What to study, where to live, and even what sort of student bank account to open. We have been through this once with Chloe and will likely being doing it all again next year with Dylan.

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Preparing for University takes some organising and if you are the parent of a sixth former it is never too early to start reading and saving for the expense of uni. I am often asked how much university is and it can be eye wateringly expensive! I wrote a post on the real cost of University.

Managing a budget is an important part of uni life. We give Chloe a weekly allowance which is paid weekly into her student account.

This infographic helps draw distinction between student bank accounts.

With so many options available on the market, it can become a little overwhelming. Some banks prioritise overdrafts. Some banks include free travel cards or other freebies that could benefit you and save you a lot of money.

It’s important that you take some time to do your research and find the right bank account for you. To help you get started, here’s an infographic by Happy Homes Project UK, breaking down some of the best student bank accounts available this year.

There are other factors to consider when going to university too, including Pros and Cons of Taking a Car to University This can have an impact on costs but can provide more independence and freedom.

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