How do I set a budget?



The first step is to list all the INCOME you are likely to receive - only include money you know you are certain to get.

How to Maximise Your Income



You then need to list your OUTGOINGS e.g. rent, food, utility bills, leisure, phone and internet, course costs, travel to uni and home for vacations, healthcare, clothes and shoes etc.

If you have children you will need to remember to include the costs of childcare and school trips.

Always make sure that you prioritise the essential outgoings such as food and accommodation. Information about University accommodation fees and payment methods is available from Student fees

How to Minimise Your Outgoings



  • Sometimes pay dates for outgoings such as rent don’t coincide with payment dates of Student Loans and grants so remember to keep some money aside for these situations.
  • Put money aside for bills/field courses and other regular outgoings. Some students keep a savings account for bills and put money into it as soon as they receive their student funding. This way they don’t get tempted to spend money they don’t have on non essentials.
  • It sounds obvious but check bank statements regularly in order to keep up to speed with your financial situation.
  • Student Finance websites have a Student Finance Calculator that can be used to estimate what you are eligible to receive from Student Finance.
Contact for this page:
Student Support Services, Student Welcome Centre, Aberystwyth University, Penglais, Aberystwyth, SY23 3FB
Tel: 01970 62 1761/2087 Email: