Make your student loan last!

UNIVERSITY IS HERE!

A summer filled with anticipation is over and you’ve now arrived at Newcastle or Northumbria – congratulations!

One of the best things about becoming a student is undoubtedly receiving your student loan – quite possibly the largest sum of money you’ve ever had in your bank account at once!

However, all good things come to an end – and student loans are no different. So here are our top tips on how to make your money last for the entire semester.

 

1)      Plan your spending

Boring, we know. However, planning your spending is a great way to work out where to divide your money up. Essentials such as rent, food and nights out should be put first – everything else can be looked at afterwards!

 

2)     Select a good bank account

Many banks will offer student bank accounts – but choosing the correct one is integral to making your money last at university.

Some banks will offer interest-free overdrafts of up to £3000 – something which is a HUGE help when costs undoubtedly begin to mount up!

 

3)     Save on food

Waitrose may be the norm at home – but saving money on food at university is essential to making your money stretch the distance.

Essentials like pasta and beans can be bought in bulk for next to nothing at Asda, Tesco and Lidl – ensuring more money is saved for that wild night on the Diamond Strip you have planned next week!

 

So there we go – enjoy this year, freshers – it really will be the best time of your lives!