{"id":46042,"date":"2022-10-05T12:06:50","date_gmt":"2022-10-05T11:06:50","guid":{"rendered":"https:\/\/www.chi.ac.uk\/?p=46042"},"modified":"2023-08-11T10:18:43","modified_gmt":"2023-08-11T09:18:43","slug":"6-budgeting-mistakes-youre-probably-making","status":"publish","type":"post","link":"https:\/\/www.chi.ac.uk\/blogs\/6-budgeting-mistakes-youre-probably-making\/","title":{"rendered":"6 Budgeting Mistakes You’re Probably Making"},"content":{"rendered":"
Starting university can be a pretty daunting process, with lots of new things<\/em><\/span><\/strong> to come to terms with. You\u2019ve got the big things<\/em><\/strong><\/span> such as moving out for the first time and you know, starting a degree and the [seemingly] little things<\/em><\/strong><\/span> such as learning how to cook and how to budget. But these little things<\/em><\/span><\/strong> are crucial to your overall student experience so it\u2019s important you get them right!<\/p>\n And besties, I get it, budgeting is HARD<\/span><\/strong>! But I do have some good little tricks up my sleeve which make this horrible task, a bit more bearable and, hopefully, manageable! Here\u2019s some mistakes you may be making:<\/p>\n I don\u2019t know where I would be without the app \u2018Notion<\/a>\u2019. I keep the entire contents of my brain within the little pages you can make.<\/span><\/strong> One page is purely for budgeting. I simply input my income for the month and work out where my money is going to go (subscriptions, travel, groceries etc). I can then plan ahead and make sure I don\u2019t fall short by my next pay day.<\/p>\n If you do have a part-time job alongside your studies, it is easier to budget around your pay day, do you get paid weekly, fortnightly, monthly? This will change how easy it is to divide your money and ensure you can survive off more than the classic student meal of pot noodles<\/span><\/strong>. Some online banking apps such as Monzo allow you to \u2018Round Up\u2019 purchases. Within a month I managed to save over \u00a330 through rounding up my purchases throughout August. This gets put into a separate pot that I do not touch unless there is an emergency and had to spend money that was not planned for.<\/p>\n BESTIES BATCH COOKING WILL CHANGE YOUR LIFE!<\/span> <\/strong>I\u2019m not claiming that I invented meal prep but most students I know don\u2019t do it! Trust me on this, make yourself a big batch of chilli, curry, pie filling, soup you name it! And chuck it in your freezer in some reliable Tupperware and you are good to go! Space can be a challenge when you\u2019re a student but I promise this will save you time, money and energy. Some meals can work out less than 10p per portion<\/span><\/strong>. Extra bonus points if you plan your meals out for the week ahead\u2026<\/p>\n It\u2019s the classic story\u2026 you\u2019re down the vestry\u2026 people want jaeger bombs\u2026 you offer to the buy them\u2026 and suddenly you\u2019ve spent \u00a320 that you don\u2019t really have. Whilst people fall victim to this a lot (I know I do\u2026), keep in mind where you\u2019re spending your money and where it could be better spent<\/span><\/strong>. That \u00a320 could have got you a shop for the two weeks ahead. I\u2019m not suggesting you avoid fun times, but think twice before tapping your card. P.S. don\u2019t be afraid to ask people for money they owe you, it can become a slippery slope (@IncredibleHQ<\/a> on TikTok provide great advice for these difficult discussions).<\/p>\n I am telling you, take your student card and\/or TOTUM card with you everywhere and screenshot your UNiDAY\u2019s ID on your phone. So many places do student discount without advertising it \u2013 be bold! Ask! Save that \u00a31.00 off your coffee and croissant!<\/strong><\/span><\/p>\n I love coffee. I don\u2019t think I could go without a silly little drink from Costa when I am on campus. Whilst I really don\u2019t want to think about how much I have spent on coffee over the past three years, I know that an oat milk latte is an easy way to pick me up during the day. Obvs, don\u2019t go overboard and treat yourself to everything you want<\/span><\/strong>, as on student budget, it\u2019s not realistic. Hopefully, using a budgeting tool such as Notion and practicing some of the above tips will allow you to have some fun spending money so you can live your best life as a student xox<\/p>\n Rylee Spooner, Advanced Applied Psychology Student<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Starting university can be a pretty daunting process, with lots of new things to come to terms with. You\u2019ve got the big things such as moving out for the first time and you know, starting a degree and the [seemingly] […]<\/p>\n","protected":false},"author":36,"featured_media":12155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[294,310],"tags":[331,350,442,443],"acf":[],"yoast_head":"\n1. Not keeping track of your spending<\/strong><\/span><\/h4>\n
2. Having NO budget plan<\/strong><\/h4>\n
3. Completely winging your meals<\/strong><\/h4>\n
4. Having NO financial boundaries<\/strong><\/h4>\n
5. Not making the most of student discount<\/strong><\/h4>\n
6. Denying yourself things that make you happy<\/strong><\/h4>\n