MONEY, MONEY, MONEY

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MONEY, MONEY, MONEY

• Students Guild Advice Unit

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Whats this all about?

• Basically, making you think about money!!
• What money you should have
• What youre going to spend it on
• Budgeting
• Tips from us
• Tips from students
• Where to go for help

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So, what have you got?

• Tuition Fee Loan
• Maintenance/Special Support Grant
• Maintenance Loan
• University Bursaries
• University Scholarships
• Help from parents
• Part-time job
• Savings
• Bank overdraft
• Benefits
• Additional support for students with extra needs

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YOUR TURN.

• Add up what money you have coming in?
• INCOME
• Now what are you gonna spend your money on?
• EXPENDITURE
• Have any of you got a shortfall between your
  Income and Expenditure?
• (And, have you been realistic about your
  spending?)

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EXPENDITURE

• POTENTIAL EXPENDITURE
• First Year Average Costs Term-time
• Accommodation (average 135 p/week 31 weeks,
  catered) 4185
• Social Life (approx. 35 per week)
  1085
• Tuition Fees 3225
• Books Equipment 300
• Clubs Societies 170
• Clothing 200
• Housing/Damage Deposit for next year 300
• Internet (Connection fee in halls) 70
• Lunches, Coffees etc. (approx. 20 per
  week) 620
• Presents 150
• Telephone 225
• Toiletries Haircuts 120
• Travel Home 200
• TV License 150

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So, anyone want some extra help then?

• Even if you have a load of income or are not
  intending to spend a lot, you can always do with
  that bit more help. And thats where I come in
• Now its time for the budgeting bit

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BUDGETING

• Income vs. Expenditure
• Priority vs. Non-Priority spending
• PRIORITY SPENDING essential (although varies)
• In general
• Housing, Basic food, water, warmth, light and
  anything subject to potential loss of liberty
• NON-PRIORITY non-essentials
• Including
• Socialising, sports, hobbies and luxuries
• IDEAL BUDGET is INCOMEgtEXPENDITURE
• REALISTIC BUDGET is INCOME EXPENDITURE!

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So.

• You get to the last week of term and you only
  have 50 left, what are you going to spend it
  on
• A. Going out for a meal with your mates?
• B. Train ticket home?
• C. Those new books you need to study for the
  exams after Christmas?
• D. A big night out?
• E. Another option?

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Professional Money Saving Tips

• Plan ahead (diary)
• Keep a record of what you spend receipts
• Search on the internet
• Utilise offers e.g. banks, student discounts,
  collect points
• Student offers e.g. nights out, shops, travel,
  cinema
• Pay in cash avoid cards (especially credit
  cards)
• Buy in sales/offers or second-hand
• Books equipment savings
• Food drink savings which supermarket, shop at
  the end of the day not when hungry, make a list
  stick to it!
• Sharing
• Economise and be Green travel, electricity
  etc
• Be wary of going overdrawn - authorised vs.
  unauthorised
• Utility savings inc. phones deals
• Keep some reserves, if you can!

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Other student money saving tips

• Get a job!
• A night in with mates can be as good as a night
  out
• Fancy dress dont hire, make your own
• Cook together and doing your laundry together
• Voluteering
• Sell things you dont want or need anymore e.g.
  ebay
• Cut up credit store cards
• You wont need all the books on your reading
  lists, trust me?
• Speak to people about it e.g. the Advice Unit

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YOUR BUDGET

• Understanding Planning
• Caution
• Prioritise
• Make the most of being a student!
• Seek advice/help if you need help

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If in doubt, what should you doSpeak to someone.

• Friends, parents, tutors, but most of all your
  one-stop-shop for any problems
• THE ADVICE UNIT
• Were here to help you with your financesand
  also any academic, housing, or basically any
  problems that you have.
• Were on the First Floor, Devonshire House
  (opposite the JCR and at the end of the Long
  Lounge)

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Thanks for listening Good Luck!!

• Any Questions?
• Joanna Thomas
• Student Funding Advisor
• University Of Exeter Students Guild