Budgeting, Managing your money, New Students

5 Ways to keep on top of your money

Victoria our Advice and Money Student Intern, shares the best ways to keep track of your finances whilst at uni…

Does the word budgeting make you begin violently gnawing on your lower lip? You aren’t alone, but there’s no need for the budgeting blues. Your student loan will come in three instalments, and planning your budget will help you ensure your payments cover all the essentials.


Knowing your incomes and outgoings is key to effective budgeting, but how you do that depends on the kind of person you are. Try taking our budgeting personality quiz to see what could work best for you.


Here’s how you can keep on top of your money

  1. Tables/Spreadsheets

The University has a Termly Budget Planner which is a great template to use. Completing a table like this is especially helpful for new students because it gives you a good sense of what kinds of expenses to remember and keep track of, even if you decide to budget in a different way.

  1. Lists

Some people find making a list of incomes and outgoings useful, whether it’s on paper or on your phone. For those guilty of splurging, making a list of your purchases can be a good way of controlling your spending.

  1. Internet banking

Internet banking has made budgeting less sit at a desk and sweat and more relax and click. With internet banking you can check on your money regularly and set up standing orders without a trip into town. Some people find it easier to move money for rent, bills and food into a separate account when they get their student loan, to avoid problems with overspending.

  1. Apps

You can keep track of your bank account using your bank’s app. There are also hundreds of budgeting apps, many of which connect to your bank account to make managing your money even easier. Some banking apps have budgeting features already. You could also try these 5 budgeting apps to help you get a hold on your finances.

  1. Diary or calendar

A calendar or diary means you can have the whole week or month ahead spread before you like a magnificent cheese board. You can write incomes or outgoings in a different coloured pen or highlight them a certain colour. If you use a calendar on your phone, you can even set reminders. This should be used alongside internet banking.


Remember these top tips, whatever your method

  1. Check your bank account regularly.
  2. Make a note of any irregular expenses like Christmas and birthdays.
  3. Budget for university holidays.


Budgeting can be a piece of cake once you’ve worked out your method.

 Watch our new video ‘The Basics of Budgeting’, for more information…


Hungry for more budgeting tips?

Keep up to date with all of our blogs, videos and posts by following us on Twitter and Facebook.


Your feedback and help please

Have you found this blog post useful?  Please help us by commenting in the bar below, and note any questions there too.

To help us aid more of your fellow students please re-tweet or share this post by using the share buttons or via twitter and facebook.


Come and see us in Advice & Money

Student Support Services at Cardiff University are here to help you, please drop in or contact us should you have any questions. Telephone: 02920874528 Email: adviceandmoney@cardiff.ac.uk.


Best Wishes,

Victoria, Advice & Money Student Intern


Your Student Life, Supported.

The Student Support Centre has a range of services dedicated to helping students make the most of their time at University, including: Advice & Money, Careers & Employability, Counselling, Health & Wellbeing, Disability & Dyslexia and International Student Support.

The Student Support Centres are located at 50 Park Place, Cathays Campus and Cardigan House, Heath Park Campus.

For further details of services, events, opening times and more find us on the University Intranet.


No comments.

Leave a Reply