How to have money in first year
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Freshers’ Week is an extremely exciting time. It’s likely your first time living away from home, you’re meeting loads of new people, there are lots of nights out and fun things to be doing… So money is probably the last thing on your mind. But, it shouldn’t be. By now, you are probably aware of tuition fees, accommodation costs and student loans (it would be worrying if you weren’t!) - but do you know about the ‘hidden costs’ associated with a university degree? There are plenty of these hidden costs just waiting to drain your student loan, and the majority of these are inevitable, for example course materials, society memberships and course trips. A recent university study found that the average undergraduate spends £250 on course materials over the course of three years; something that only the most financially-focused student will be factoring into their budget. At Bucks New University we have a unique offering called the Big Deal, whereby we foot the bill of all course-related expenses as well as extra-curricular activities with the students’ union. But how can you make sure you’re not constantly in the red when your academic, social and sporting life isn’t taken care of by your university? It can be difficult making a budget when you don’t know exactly how much things are likely to cost you, but you can work on ensuring that your outgoings are decreased and be a savvy spender.
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