How to make your student loan last

When you get that text from student finance, it’s inevitable that you’re going to feel like a millionaire for a second.

But how do you resist the temptation use your entire loan to buy new trainers, a Nandos, and your entire saved list on asos? Asking for a friend...

Don’t deny yourself a small treat

It’s natural to want to treat yourself when you see that amount of money in your account. Decide on something you’d really like, and (money permitting) treat yourself. Instead of doing an entire haul that you’re likely to regret when you’re living on beans, you’ll have something you really wanted.

Plan ahead

Work out how much of your maintenance loan is actually yours after you’ve paid the necessary things such as rent, bills and travel. Some people find it really helpful to split their money into monthly chunks so you know what you’re working with on a monthly basis.

Check for extra funding

There are several grants and bursaries you may not even know about! Do your research, these are usually based on academic performance, musical and sporting talents, family income and more.

Consider getting a job

If you feel a little tight for money, it could be worth considering working alongside your studies. Most university campuses tend to have several opportunities for part-time work, and there is never any harm in dropping your CV to local companies.

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