Managing your money

Becoming a student means managing your money and it can be a challenge to budget for the whole year.

To give you an idea of what things cost, take a look at the average monthly spend for a student in private rented accommodation:*

Type Of Spending	Average Amount Spent Per Month (£)
Rent	£538
Groceries	£100
Going out and eating out	£53
Transport (including taxis)	£43
Household bills	£37
Takeaways	£33
Clothes & shopping	£29
Holidays	£22
Mobile phone & Internet	£27
Course materials	£16
Health & wellbeing	£13
Gifts & charity	£12
Bank Charges and fees	£30
Other (contents insurance, monthly subscriptions)	£21
Total student monthly spending	£974

There are numerous websites that provide useful resources:

The Which? website has a useful calculator that allows you to amend the amounts accordingly to your own budget.

Save the student has a lot of information for all aspects of student life, especially financial. They even have a save money section so that your budget can stretch that bit further.

AUB offers bursaries for eligible Foundation students (UK and EU), please see Foundation Fees and Financial support.

Students on BA (hons) courses who are English domiciled and in receipt of the maximum maintenance loan, can gain additional funding through the Access and Participation Fund – please see Undergraduate Financial Support.

For further details, contact Student Advice:

Email: studentadvice@aub.ac.uk

Telephone: 01202 363780

*Figures compiled from savethestudent.org & Which 2021