MONEY, MONEY, MONEY

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MONEY, MONEY, MONEY

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'MONEY, MONEY, MONEY' Students' Guild Advice Unit. What's this all about? ... Bank overdraft. Benefits. Additional support for students with extra needs. YOUR TURN... – PowerPoint PPT presentation

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Title: MONEY, MONEY, MONEY


1
MONEY, MONEY, MONEY
  • Students Guild Advice Unit

2
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

3
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

4
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?)

5
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

6
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

7
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!

8
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?

9
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!

10
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

11
YOUR BUDGET
  • Understanding Planning
  • Caution
  • Prioritise
  • Make the most of being a student!
  • Seek advice/help if you need help

12
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)

13
Thanks for listening Good Luck!!
  • Any Questions?
  • Joanna Thomas
  • Student Funding Advisor
  • University Of Exeter Students Guild
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