While you’re kicking back and relaxing over the summer break the thought of the next academic year won’t have even crossed your mind. You’re in proper wind-down mode and not at all thinking about what you need to take to uni and your all inclusive accommodation in September.
Whether it’s your first year away studying or your second, third or even fourth year away, it’s never too late to start budgeting your money.
‘Yeah, yeah boring!’ we hear you cry. But when you’re a student and then as a young professional it always pays to have a plan.
It’s so easy to blow your student loan as soon as you get it. You’re probably not used to a lump sum of cash being deposited into your bank account, but trust us you need to spend it wisely.
Enterprise, the car rental company has put together an article on how to be a student and live on a budget that we think you should read. It contains some really useful tips and will make sure you’re not calling the bank of Mum and Dad before the first term is over.
We’ve all been there, done that when it comes to over-spending and then calling the bank/your parents to ask for more money. It’s a pretty awkward, shameful situation to be in so make sure it’s a last resort option rather than a regular go-to get out clause.
Being a student is immense fun and we wouldn’t want you to miss out on some top nights out because you’ve been a bit reckless with your money. So although it’s only August and the next term is still ages away, at least start to think about how a budget will help your life for the next year.