When you are a student, one of the biggest concerns that you have is money. Anyone who has been a student, or possibly even just known a student, will be well aware of this, and it is a situation which can often cause a great deal of stress and anxiety in a person’s life. Being a student often means having to deal with one’s own personal finances independently, or at least semi-independently, often for the very first time in life. It can be hard, therefore, to ensure that you are going about it the right way and not making any major mistakes, and in fact it is likely that you will make a few. But the more you understand, the better, and so in this article we are going to look at three of the biggest expenses students have, and discuss how to manage them effectively.

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Books & Equipment

The books are surprisingly expensive when you add then all up, especially if you are studying a course which is particularly heavy in them. Perhaps for technical sciences or mathematics you will only need a few textbooks in the year, but if you are studying English Literature, for instance, you will find you have to buy many books indeed – and besides, even textbooks aloner add up to a lot of money. Fortunately, there are many things you can do to find cheap books, even the very latest editions which you often need as a student. We all know that Amazon can be a reliably cheap source of books, and if you can get hold of a free Amazon gift card then that is very useful indeed. But it is also worth checking book comparison sites, of which there are many, as sometimes the cheapest book is elsewhere too.


For many students, this is the first time that they have had to pay rent, and that can be a real shock to the system. If you have chosen to live in halls, then you will hopefully be getting a relatively cheap deal, so you won’t have to worry too much, and you should find that you are almost always eligible for a maintenance loan for exactly this kind of expense. However, if you have never really had to pay for it you might not yet know how to properly budget, and that can set you back and mean that you end up missing your rent date, which is never advisable. Learn to budget yourself effectively, and you will find that it makes a huge difference to your finances in the main.

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Then you have the actual tuition cost itself, of course, which seems to be getting more and more extortionate by the year. If you are unsure how to pay for this, the way that most students do it is by getting a government loan, which is repayable but at a very low interest rate and with no time limit. An estimated two thirds of student loans are never paid back, so as you can see it might not be the end of the world if you cannot pay yours back.


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