Between accommodation costs and living your best student life, budgeting for university can feel like a juggling act. 🎓💸
You want the latest gadgets, a fridge full of snacks to whip up meals at your halls, and still enough left over for nights out with your new mates. The struggle is real.
That’s why, aside from offering some of the best student accommodation in Bolton, we’ve pulled together our top student budgeting tips to help you keep your money in check without missing out on the fun.
Work out your student income
Before you can budget, you need to know how much cash you’ve actually got coming in. Add up your maintenance loan, bursaries, part-time job wages, savings, or any help from family. This total is your starting point.
List your student expenses
Once you know your income, jot down your outgoings. Think rent, food, travel, books, WiFi, phone bills, gym membership and the occasional cheeky takeaway. Don’t forget one-off spends like society fees or birthday gifts.
Set a realistic budget
Now comes the fun part (well… kind of). Use your income and expenses to create a monthly budget. A spreadsheet or budgeting app makes life easier, but a simple notes app works too.
Actually stick to it
One of the biggest mistakes students make? Writing a budget and never following it. 🙃 Avoid overspending by:
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Writing a shopping list before you hit Aldi.
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Planning meals for the week.
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Paying upfront for travel passes or subscriptions.
Make the most of your student bank account
Most student bank accounts come with perks like travel discounts, free railcards or even supermarket vouchers. Many also offer an overdraft, handy in emergencies, but don’t get too comfy with it. Interest charges kick in once you graduate.
Grab those student discounts
Why pay full price when you don’t have to? From fashion to food, most high street and online stores offer 10–20% off for students. Just flash your ID (or log in with UNiDAYS or TOTUM) and enjoy the savings.
Pro tip: Manage your loan wisely
In England, maintenance loans are paid in three instalments across the year. That lump sum may look huge at first, but it’s got to stretch. Consider moving it into a savings account and setting up a monthly transfer. Direct debits are also your best mate for bills, less stress, less chance of missing payments.
Need student accommodation in Bolton?
If you’re starting uni this year and haven’t secured a place yet, book your student accommodation at Orlando Village. Prices start from just £139 a week—including bills, so your budget will thank you.
