Things You Need To Budget For At University

When you go to university, you will have a lot of things that you need to pay for. If you are not careful when you budget, then you may find that your finances get out of control. You may begin to struggle to afford everything. If you want to get some support with that, then you can find some useful tips right here.

Common Course Costs

Sure, your tuition fees will cover some of the costs that come with your course. However, there is a high chance that this won’t include everything. There are ways for you to save money here, and one of the main ways that you can cut back is by buying your books online. You can even buy them from a charity shop or second-hand store. If your course is very dependent on research, then this can cost you a small fortune. You would be surprised at how much of a difference it can make to your budget.

Transport

You always need to try and take into account any travel costs that you may experience when at university. This could include taking the bus to a class or even catching the train home to visit family. You also need to try and look into any alternative methods of transportation that could save you some money. For example, it may be cheaper for you to get the train when traveling to university because you can qualify for a student railcard. To take advantage of any additional savings, try and look into booking your tickets way in advance. If possible, you can also try and stay on campus as well. If you want some cheap accommodation, then look at the University of Southern California.

Top Things You Need to Remember to Budget for at University

Food

Students don’t always live off baked beans. It is more than possible for you to eat regularly and healthily even when you are on a budget. If you want to do this, then you need to avoid impulse buys whenever you are at the supermarket. Additionally, you need to make a shopping list whenever you go out as well. It is also a good idea for you to freeze meals in advance, or even cook bulk meals. When you do this, you never have to worry about heating a meal up, and you can also have cheaper meals when you are on the go.

Entertainment

It doesn’t matter if you are going to student nights, a fancy dress outing or even a quick coffee because it is always a good idea for you to try and cut down the cost of socializing. Give yourself a specific budget every single week to go out with. That way you won’t be inclined to go over, and you can also avoid any impulse sessions as well. If you want to socialize, but you don’t want to spend the money, then you have nothing to worry about. You can easily have a few drinks at your dorm or you can even go to the cinema. A lot of venues will offer you a discount if you are a student, which is fantastic if you want to cut down on cost.

Utilities

If you are in a residential hall then gas, electricity, and water will usually be included as part of your rent. This may not be the case if you are going into private housing. Of course, along with your rent, you also need to put some money aside every single month to cover your utility bills. Setting up regular payments on a direct debit is a fantastic way for you to see what is coming in and what is going out of your account.

Top Things You Need to Remember to Budget for at University

Clothing

It’s tempting to go straight to the shop when you get your loan so you can buy yourself a whole new wardrobe. This is great, but it is possible for you to save some money by checking out deals on websites. You might also be able to get a student discount too. The more you can do your research, the more your money will stretch, and this is always a good thing when you are going to university.

If you want to save money on washing your clothes, then try and do everyone’s load at the same time. This way you can all chip in for the washing powder, and you can even take it in turns too. You’d be surprised at how little changes like this can help you to cut down on your bills, and it can also help you to free up more time in the week.

This post was written in collaboration. Collaborative writing means that while I have contributed to this post and edited its content and formatting, I am not its original author. By posting this content on my blog, I may receive financial compensation. Want to guest post for Jihi Elephant? Learn more here.