How to budget at university

Sticking to a budget will help you to stay in control of your finances.  It's important to save a little too, so you always have money for unexpected events.

These figures are just a guideline, amounts will vary depending on your individual needs.

* find out more about accommodation fees

** remember travelling home can be expensive. We suggest that you set aside £175 for this each year - obviously this depends on where you live.

Make your money go further with these money-saving tips:

• create a budget, knowing how much income you have is essential
• look out for shops, services, restaurants and bars offering student discounts. Don’t get caught up in sales, spend on what is essential and put the rest into an emergency fund
• buy own brand products - we have found most students can't actually tell the difference when tested
• shop for food on a full stomach – that way you're less likely to impulse buy
• buy second-hand text books online or from students in the year above
• take advantage of buy one get one free offers in supermarkets. Bulk buying with friends will also save money
• cut utility bills by getting advice on how to save energy. For useful tips, see the Energy Saving Trust
• try to cook more than one meal at a time, then freeze the leftovers
• only take out the amount of cash you've budgeted to spend on a night out
• try to save some money each month for emergencies.

The Student Funding and Financial Support team at Herts have teamed up with Blackbullion to help improve financial education for all of our students. Just like us, Blackbullion are passionate about inspiring a finance-savvy revolution by making it easier than ever before for students to learn about money management.

Blackbullion is dedicated to creating a future capable generation by empowering people to reach their full potential. Learn the right financial skills to help you make the right financial decisions for your future. Improving your understanding of money management can also boost your employability.

Blackbullion is free to all University of Hertfordshire students. To find out more watch the video and sign up to gain access to a range of easy to follow training modules.

How do I sign up?

1. go to www.blackbullion.com
2. click 'register'
3. select 'a University Student' from the drop down menu
4. enter the required details and begin your journey
5. select Hertfordshire as your university
6. enter your Student ID number
7. you're in!