Top Tips For Student Budgeting | Frugal Finance

Budgeting is a massive part of student life. It generally comes as quite a shock to new students who have never had to buy food, household goods or look after themselves in general. It pays to get good at budgeting pretty quick when you get to uni, it really will help you in the long run!

Here are a few of the top tips to make sure your first few months go off without a hitch:

Recording ? In your very first month of university, try to record how much money you spend on what and when. This will help you create an initial budget that can act as a benchmark for the rest of the year. You can also review on which areas you could be skimming the fat.

Books ? Yes the first year of university does come with an inevitable spend on academic literature and there is no way of getting round that. There are though, ways of getting around the premium prices you can find at the high street book stores. First of all, you don?t have to buy every single book on your reading list; many of them will be available from your university library anyway.

But the downside of library borrowing is that a lot of texts are very popular and when it comes to writing an essay, the majority of the people on your course could be scrapping for the same book. In this instance always go for second hand. There is an abundance of online book stores where you can get the literature you need for much cheaper.

Pay off the boring stuff first ? This is a standard rule of thumb and it goes for everyone, not just university students. As long as you have the big stuff, phone bills, utilities, rent etc. covered you shouldn?t get into too much trouble. If you would rather spend your excess money on drinking than going food shopping that?s fine, as long as you?re not evicted from your house!

Mike writes for an essay writing company offering academic services to students around the world called Essay-Site.com.

Source: http://www.frugalfinance.co.uk/top-tips-for-student-budgeting/

beach boys tony bennett joe walsh the civil wars paul mccartney duggar miscarriage roman holiday