For many students, coming to university means learning to manage your own budget for the first time. Having to budget for essentials such as housing, food, toiletries and travel as well as leaving money for hobbies and whatever you enjoy can seem daunting at first, but your Advice Service have put together some resources and important things to know to help you get started.
- Money Saving Expert have a Student Budgeting Planner with tools, including Spreadsheets, and top-tips on how to start setting and managing your finances.
- Which! University have also published a Student Budgeting Calculator that breaks down the cost of living by area (e.g. Utility bills, rent, etc). This will be really useful for you if you are thinking of coming to Coventry University and want to have an idea of how much you need to live on.
Watch Martin Lewis, financial journalist and broadcasters', top tips on surviving financially as a student.
International Students:
If you are an international student coming to the UK for the first time, budgeting can bring additional challenges, especially if you are unfamiliar with the currency and cost of living.
In addition to the support above, UKCISA have more information on how much it will cost to study in the UK and advice on budgeting.
The online website resource "Study in UK" has some alternative guideline price figures.
Please note: The figures used are based on London prices so locations in Coventry are likely to be cheaper.
Coventry University’s International Student Support Team have information on cost of living in the UK. If you need specific advice and guidance regarding financial issues related to studying in the UK, including the cost of housing, you can find their contact details and other support on the Coventry University website.
How Can Your Advice Service Help?
Your Advice service can support you to prepare a budgeting planner. Contact us by submitting our online enquiry form.
We can also help if you are facing any financial difficulties. Visit our other website pages to find what support may be available or complete our online enquiry form.