Managing your money

Take control of your finances. Get support and advice on managing your money whilst studying.

We've put together some useful tips and resources to get you started.

Make your money last all term

If you receive a maintenance loan, this will be paid 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.

Create a budget

Here's how to create a budget in three easy steps.

  1. What income do you have? How much is it and when do you receive it?
  2. What expenses do you have? Remember to include small costs as these will add up.
  3. Calculate your budget by removing your expenses from your income.

Remember to track your spending each week or month. Update your budget throughout the term.

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.

Use our budget worksheet for an easy way to plan your budget over the whole year.

Download the budget worksheet

Money management workshops

The Student Financial Support team run virtual 30 minute sessions on Wednesdays at 2 pm.

The sessions will help you take control of your finances. You'll feel more confident about managing your money.

We'll take a look at how financial stress effects students and why. You'll also pick up some useful resources and find out what support is available while you're at NTU.

Sign up for a workshop

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.

Benefit entitlement

In some circumstances you may be entitled to more benefits. You may eligible if you have children or a disability, for example.

Check you benefit eligibility using Turn2us. You could also book an appointment to speak to one of our Financial Support advisers.

Part-time work

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.

Tracking your costs

Some of your costs will be fixed and some will be variable. If you're trying to reduce your expenditure, think about what you can change. Keep it realistic.

It can be difficult to keep track of where your money is going.

  • Get into the habit of tracking your spending.
  • At the end of each week or month, make a note of what you've spent money on.
  • Be sure to track even small purchases, as these will add up.
  • Have a clear picture of what you've spent money. This will help you see where you might be able to reduce your costs.
  • Remember to prioritise your costs. You must leave yourself with enough money for essentials such as food.

Money-saving tips

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.


Blackbullion is an online learning platform. It's designed to help you get confident about your finances.

As an NTU student you can sign up for free.

Blackbullion has personal finance courses, articles, videos and quizzes, covering:

  • budgeting
  • saving
  • credit cards
  • taxes
  • pensions
  • investments.
Visit Blackbullion and sign up

National Student Money Week 2021

NTU is hosting National Student Money Week from 8 to 12 February. Student Financial Support will be offering sessions relating to

Barclays: Being on Top of Your Finances

Monday 8 February at 2 pm

Worried about your finances? Barclays are hosting a session to help you tackle your money dilemmas. You'll discover how to improve your financial habits and find the support you need as a student. The session will explore budgeting, money-saving tips and information on credit ratings.

Funding a Masters Course Workshop (for current undergraduate students)

Tuesday 9 February at 2 pm

Current student at NTU? Thinking of moving onto a Masters after you graduate?  Join our session covering what you need to know about:

  • funding, including postgraduate loans and other sources
  • tuition fees.

Barclays: Digital Safety, Fraud and Scams

Wednesday 10 February at 3 pm

Anxious about online scams? Been a victim of fraud or cybercrime? Join Barclays’ session on cybercrime, fraud and scams. You will have the opportunity to learn more about:

  • tactics used by fraudsters
  • common scams
  • the best practices to avoid them.

Studying and Working Abroad Finance Q&A

Thursday 11 February at 11 am

Planning on studying or working abroad next academic year? We will be hosting a live Q&A session with our Money Advice team. They'll give you an overview of what you need to know about funding and student finance before you go.

Final Year Finances Workshop and Q&A

Friday 12 February at 1 pm

Final year student at NTU? Worried about your money after you graduate? This session will guide you through what you need to consider to set you up for life after university. You'll have the opportunity to learn about important topics like:

  • bank accounts
  • student loan repayments
  • taxes.

We've also invited along two Class of 2020 graduates. You can quiz then about life and money after graduation in the time of COVID-19.

Book your place now.

We've also partnered with Blackbuillion to give students access to their e-book. It contains financial planning strategies and much more. Visit National Student Money Week for more information.

  • Last updated: 02/02/2021