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Learn how to manage your money successfully

Step 6: Starting university or college

The questions that go through almost every potential student's mind are:

  • How will I afford higher education?
  • What will I do if I can't pay for the basics like food?
  • How can I afford a social life?

The simple answer is by learning to budget. Putting this into practice can be a lot harder to do, but if you consider the ideas in this section, you will find it much easier to support yourself at university or college without leaving with a huge debt.

So, you are given a loan, your tuition fees don't have to be paid until you leave and your parents are giving you money every week. It's so tempting to spend it all without planning for upcoming expenses. If this happens, you may find that you can't even afford the basic costs of living.

This section covers:

Balancing work and study
Options for subsidising study with work.

Budgeting
Advice on how to manage your money while at university or college.

Student bank accounts
Advice on the many different bank accounts available, what to look for, and what to avoid.

Debt management
What you can to do to avoid debt getting out of hand.