Managing your money

National Student Money Week: How to get more out of your money

The Advice & Money Team tell us more about what they are doing for National Student Money Week …

 

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Today marks the start of the fifth National Student Money Week (NSMW); a national event created and supported by the National Association of Student Money Advisers (NASMA).  This year NSMW runs from 9th – 13th February 2015. 

 

What is NSMW?

NSMW is a national campaign that aims to;

  • raise students’ awareness of the free financial advice services that are available to them within their institutions
  • and to provide students with useful information to help them make more informed financial decisions while at university and beyond.

 

When you mention money management to a group of people, let alone students, you generally hear a collective groan. Most people understand the principles of budgeting but that doesn’t mean everyone knows how to live to a budget.

 

NSMW uses fun and interactive methods to try to engage people to think about how they manage their money. It might be as simple as picking up information from a student money adviser or perhaps talking to friends and sharing good practice. Either way, the week aims to increase people talking about money and reduce worry about how to manage it.

 

During the week, universities taking part across the UK will share their activities and feedback on Twitter. If you would like to follow this look out for #NSMW15 and feel free to join in the conversation.

 

What is Cardiff University’s Advice and Money team doing for NSMW15?

  • Throughout NSMW the Advice and Money Team will be blogging about student money issues such as applying for student funding for 15/16, budgeting, the cost of accommodation and financial information for after your graduate.
  • We will be tweeting top tips throughout the week and feeding into the main thread at #NSMW15.
  • Our student money adviser, Hannah Bundy, will also be taking to The Student Room on Tuesday 10th February to support a Student Finance England web chat at 1pm. Discussion on key funding topics will be hosted by various NASMA members each weekday at 1pm. The topics that will be discussed in relation to student funding are:

Monday – Independence/estrangement

Tuesday – Residency

Wednesday – EU funding and migrant workers

Thursday – Previous study

Friday – Teacher training

 

During the week of 2nd March the Advice and Money team will be working in collaboration with the Student Advice team from the Students’ Union. There will be information stalls with activities to win prizes held in the Student Union building in Park Place and a stall at the Heath Park Campus. If you want to make sure you don’t miss out on where we will be then please follow us on Twitter, or like us on Facebook, where we will confirm details about the stalls nearer the time.

 

Who are NASMA?

Have you ever been to a student funding talk at a university open day?

Have you been into the Student Support Centre to ask for help because your student funding was late, you needed an emergency loan or you needed to know about additional funding that might be available to you?

Have had spoken to someone about the financial implications of repeating a year or taking an interruption of study?

 

Yep, you’ve guessed it…that person you spoke or listened to was most likely a NASMA member.

Being a student money adviser can be quite challenging as lots of people don’t want to talk about money until they have a problem with it. NASMA is a way in which student money advisers in different universities can share knowledge to the benefit of all students. By communicating nationally it also means we can see trends and issues in a wider context and are able to try to liaise with external agencies, such as Student Finance England or Wales, to resolve these before they become a problem for all students. When problems do arise though, you can be assured that NASMA members are on the front line trying to resolve these.

 

 

How can you get involved?

As mentioned above you can follow activities on twitter @studentlifecu and Facebook studentlifecu, or you can come and speak to us either in the Student Support Centre or visit our stalls in the week of 2nd March.

 

The main aim of NSMW is to not to be afraid to talk about money and to know where you can get help if you need it. If you know of someone who you think this blog would help, make them aware of it! All advice given to students by the Advice and Money team is confidential and you might find that by talking to someone you or they can stop worrying about money.

 

Please see here for our opening times:

 

 Best wishes

Advice & Money Team

 

Your Student Life, Supported.

Advice & Money I Careers & Employability I Counseling, Health & Wellbeing I Disability & Dyslexia

 

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