2020 Uni students how much to budget?

[TINKERBELL44]

Just wondering how much to budget for my DD starting Uni in September, her accommodation will be covered by her maintenance loan (not a great deal left) so food etc will be paid by “bank of mam and dad”. She will probably find a part time job and we will provide her room, kitchen etc essentials. What are your thoughts? Xxxx

[Abbysmum]

I'm just looking at this too, after paying her accommodation she's got approx £750 left so I'm wondering how much top up she'll need.

Where is your daughter going? Abby is heading to Bangor.

[caj]

My ds2 is going back for y3. I reckoned on £150 ikea trip for duvet, mattress topper, starter sets etc.
Then he has £100 /month from me. The rest is his debt / job as his loan covers accommodation. I have ds3 going on gap year so needs similar and I cannot afford more on a regular basis. Both will have a big bulk aldi shop on arrival, so both will have crates of pasta etc to store under their beds!

[TINKERBELL44]

Originally Posted by Abbysmum

I'm just looking at this too, after paying her accommodation she's got approx £750 left so I'm wondering how much top up she'll need.

Where is your daughter going? Abby is heading to Bangor.

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My DD is going to Cardiff to study physiotherapy xx

[cartoonp]

Originally Posted by TINKERBELL44

My DD is going to Cardiff to study physiotherapy xx

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Lovely city

[123]

which/money/univer...et-calculator/

Which have spoken to loads of existing students to find out what their actual budgets are.

For Cardiff it seems that £844 per month is the average figure with £337 of that being accomodation.

The budget we have for our DD (including maintenance loan) is £15,000 for the year.

We will leave it up to her how she actually budgets that

[TINKERBELL44]

Originally Posted by 123

which/money/univer...et-calculator/

Which have spoken to loads of existing students to find out what their actual budgets are.

For Cardiff it seems that £844 per month is the average figure with £337 of that being accomodation.

The budget we have for our DD (including maintenance loan) is £15,000 for the year.

We will leave it up to her how she actually budgets that

See more...

Thanks that’s great xxx

Her accommodation is slightly more £130pw, 😩😩 guide provides lots of info xxx

[Col&Ali]

I have always given mine £50 per week, transferred on a Monday so they don’t spend all on the weekend 😉

Their loans have never covered their accommodation costs so I also make up the shortfall of that which this year for DS is an eye watering £900 per term (3 payments per year)

Last year for me now, thank goodness! It has been an expensive 5 years with one year overlapping with both kids at the same uni at the same time! If I was rich I would have been better off buying a flat lol

[Warkman58]

Course paid for by loan, but money left £4,289. His accommodation costs are £5,758 per year, so I’m budgeting around £800 per Month, plus I pay his mobile phone costs his X-ray lean and insurance etc. He will need to look for a part time job as well and I will put £ 1,000 in an emergency account away from his current student account

[levtweeney]

Our daughters maintenance loan covered her accommodation fully (Including utilities) but left nothing left. We paid for her mobile phone, which was £30 a month, she had a part time job that paid £100 a week and this was way more than she needed and in fact she saved money.

I just asked her and she told me she spent about £25 on food for her flat for the week but also spent £5 for lunches mon to frid at uni. She then spent about £25 on other stuff like cinema, odd drinkies etc, which left about £25 saved each week. So looks like to have a decent amount I would say about £75 per week. This is best if they can work themselves as it not only gives them money but they learn some very valuable life lessons.

Edit: Just remembered we gave her a lock box with £150 incase of emergency at the start to her course. She still had it at the end of her third year (last year)