Managing your money
Take control of your finances. Get support and advice on managing your money whilst studying.
Money Ready for NTU
Joining NTU in September? Don’t forget to get Money Ready for NTU.
Come along to one of our 45-minute sessions for prospective students. They cover the need-to-knows and the good-to-knows of money and a student life. They're run by our Student Financial Support team and led by a recent graduate.
During these sessions, we:
- cover the basics of setting up a student bank account
- look at the costs most students will encounter in their first year
- give practical tips on staying financially on track
- help you sort your student discounts
provide an overview of the financial help available at NTU.
The session is your opportunity to ask questions about everything to do with:
- student finance
- funding life as a student.
Money Ready for NTU workshops 2022 have now finished. They will resume again in spring / summer 2023.
Money Matters workshops
Looking to kickstart your budget and get on top of your finances as a student? Come along to one of our monthly 45-minute sessions on managing and making the most of your money. They're run by our Student Financial Support team.
During these sessions, we:
- cover the basics of budgeting
- provide tools to help track your spending
- look at how you can reduce your expenses
- suggest ways to maximise your income
- give an overview of the financial help available at NTU.
We'll launch our 2022/23 Money Ready for NTU sessions in spring 2022 for our current students.
Please check back for updates about workshops.Sign up for our Money Matters workshops
Get money smart — Blackbullion
Whether you're studying at NTU now or in the future, you can access Blackbullion. It's a free online learning platform. It provides engaging and easy-to-use digital resources and tools. They're designed to improve your financial literacy.
Blackbullion has personal finance courses, articles, videos and quizzes, covering:
- credit cards
- and more.
Over 2,300 NTU students have signed up to Blackbullion for free. You can register too by entering your NTU student ID number.
Planning to study at NTU in the future, but don’t yet have an NTU student ID number yet? You can sign up using your personal email address.Visit Blackbullion and sign up
Create a budget
Being able to put together a budget and stick to it is an important skill. It'll serve you well both at university and for the rest of your life.
NTU Student Budget Worksheet
We've put together the NTU Student Budget Worksheet. It'll make it easy for you to forecast your exact income and expenditure over the academic year. Download the worksheet below, then view our tutorial video. It'll help you get started.
Contact our Student Financial Support team if you'd like help completing your budget. You don't have to wait until you've arrived at NTU.
Apps and tools
You can track your income and expenditure from your phone. There are lots of handy tools and apps that can help.
You can take a look at the Blackbullion budget calculator, and search for apps on your device's app store. We also cover many apps and tools you can use to budget in our Money Matters Workshops.
Before you come to university, don't forget to set up mobile banking. It's the easiest way to keep track of your spending when you're out and about. Many banking apps also categorize your expenses. This can provide a useful insight into where you could cut back.Download the budget worksheet
Make your money last all term
If you receive a maintenance loan, you'll get it in three equal instalments, one at the start of each term. It can be difficult to manage a lump sum of money across four months.
Here are a few suggestions on how to make your money last until your next instalment.
- To give yourself a weekly budget, divide each term's income across the number of weeks it needs to last.
- Set up a second bank account. Transfer yourself a weekly or monthly amount so you are not in danger of overspending.
- Create a budget plan detailing how much you will spend on each living cost. Track your spending as you go.
Increase your income
As a student, you might have income from a variety of different sources. This could come at different times throughout the year. Be clear on what you will receive and when.
Check you're receiving all the money you're entitled to. That includes your student loan and any NTU bursaries.
In some circumstances, you may be entitled to welfare state benefits. You could be eligible if you have children or a disability, for example.
Check your benefit eligibility using Turn2us. You could also book an appointment to speak to one of our financial support advisers.
Many students choose to work part-time while studying.
Employment will both boost your income and provide valuable experience to put on your CV.
NTU JobShop can help you find a job and assist with the application process.
Sign up to Unitemps for opportunities within NTU that can fit around your studies. These can include Student Ambassador roles, for example.
We asked our current NTU students for their money-saving tips and advice.
- Prepare your meals. Cooking in bulk and putting portions in the fridge or freezer will save you both money and time.
- Ditch the takeaways and cook with your flatmates instead. Check out these easy student recipes.
- Take lunch with you to uni. Try to avoid those tempting coffees.
- Be mindful of needs versus wants when shopping.
- When online shopping, leave clothes in your basket for a couple of days. Come back later and see if you still 'need' that pair of trainers.
- FOMO – fear of missing out – is real. If you can't afford it, say so. You won't be the only one who's living on a budget. Make fun, free plans with friends instead.
- Check the library before buying books. If you do need to buy a book, always search for a second-hand copy.
- Use a student discount wherever possible. Make sure you don't get sucked in by unnecessary purchases.
Choosing your next accommodation
You might be tied into a contract now, but think carefully before you get into another.
How much can you realistically afford to spend on rent? Use a budget worksheet to help you work this out.
Check whether your rent will be due monthly or by term. Think about how you are going to pay for this before signing a contract.
If you need housing advice, contact our Students Union housing advice service. They can provide lots of useful information. You can even book an appointment to speak to one of their specialist advisers.
If you are a care leaver, see the accommodation support we offer over summer and in your second and final year.
We'll updated this section soon.
As an NTU student, you have access to some great resources. The following are all completely free, courtesy of National Student Money Week.
- The Student Money Manual from The Money Charity. This is an essential guide to student finance and managing money at university. It'll help you budget and make your money stretch further. The PDF is also interactive, so you can input your own figures and get a clearer idea about your finances.
- How to reduce your carbon footprint. Save the Student's tips on how to reduce your carbon footprint and save — or even make — money.
- Best eco-friendly home and cleaning products. There are many sustainable alternatives to common home essentials. Here's Save the Student's list of the best eco-friendly home and cleaning products. It includes everything from toothpaste to cleaning spray to plasters.
- 12 best sustainable fashion brands according to Save the Student. Fast fashion causes immense harm to the planet. Thankfully, it's far from your only option. Here are the best sustainable brands that offer slower, and kinder, fashion.
- Water-saving tips. Water is the forgotten utility, and many people think they can't save. Money Saving Expert has seen success from people who've slashed £100s from their bills. Options include fitting water meters and cutting down on how much you use.
- Buy now, pay later. Millions of people use buy now, pay later when shopping online or in store. Managed correctly, buy now, pay later can be a cheap and quick way of accessing credit. However, if something goes wrong, you face late fees. NTU does not endorse any buy now, pay later schemes. Money Saving Expert gives you information and explains how it all works and what to look out for.