What to budget for while at university

When starting university, it is important to understand that budgeting will be essential throughout your years of study. You may have to prioritise to ensure that you’re getting the most out of your uni experience, while still getting to do everything you want to do. This might seem daunting at first, so to help I have put together a list of things you will need to budget for, along with some advice to set you on your path to managing your finances and prioritising your financial needs with confidence.

Learning Materials

You may have to think about spending money on learning materials, equipment, uniforms and fieldtrips, depending on which course you choose to study at university. Make sure that you look at your course page and see if there are any additional costs stated as being involved in the degree you choose. Ask lecturers on Open Days or Applicant Days if there is anything you should be budgeting for in advance that relates to the course. When you get here, you can take advantage of a variety of resources at the University of Chester which includes thousands of books, e-books and e-journals in the libraries across the university’s campuses. Computers are easily accessible, and laptops are available to loan for you to use throughout your degree. You can also benefit from a wide range of specialist materials provided for you with the practice-based courses Chester has to offer. This helps you out with balancing your budget before you even start university!

Food and Groceries

Budgeting for food is important, but you shouldn’t restrict yourself and you need to make sure you have a balanced and healthy diet to boost your body and mind to support you in your studies. Meal prepping and planning are your best allies in this, as they allow you to plan what you will eat and when you’ll eat it, ensuring you only buy what you will eat. This reduces food and money waste. Try not to go shopping on an empty stomach or you could end up with a trolley full of snacks! In addition, loyalty cards often give discounts and help you save on selected products, while food waste initiatives allow you to purchase large quantities of groceries, baked goods and more at a cheap price. Morrisons and Aldi are some of the closest supermarkets to the University of Chester, so make sure to sign up to the Morrisons More loyalty card and download the Aldi App to get the best deals. The Too Good To Go app is also a great food waste initiative where you can save some food on a budget and support local Chester businesses. The University also has catering initiatives where you can have hot Value Meals for less than £3, alongside the free Too Good to Throw meals which are served on a first come, first served basis from 2pm. 

Living expenses

Rent prices and budgeting in light of the rising cost of rent can be tricky, especially with the cost of living crisis. A key thing to remember is that your maintenance loan can be put towards helping you pay your rent. The University’s accommodation pages have all of the information you’ll need about university accommodation, as well as information on the extra support you can get. Living in shared accommodation in your second and third year will also help reduce rental costs in the future, and I recommend that you check out the University’s cost of living support services for some additional guidance on living expenses.

Nights out

Going on a night out is a highlight of the week for many students and the price of drinks, event tickets, and late night takeaways can start to add up. At Chester, you can make the most of your night and have fun on a budget on our designated student night. Entrance tickets are half price, you can get 2-4-1 drinks and cocktails in most bars and societies often receive offers and freebies. The Red Lion, Music Hall Tap, Havana, Palm Cocktail Bar, Off the Wall and Rosie’s are just some of the great options at Chester for you to enjoy.

Days Out

Chester is so close to Wales, Liverpool and Manchester that it’s easy to have a day out, or even a weekend trip. Sign up for a railcard where you can save around 35% on train tickets and you’ll also receive offers and discounts. Student Beans and Totum often work with Airbnb and retailers to offer discounts on stays and shopping and Groupon runs deals for unmissable experiences at a discount.

Quickfire tips

• Use the University’s fitness facilities to save money.
• Always keep an eye out for student discounts in local shops/restaurants.
• Open a student bank account to receive personalised benefits. See the best bank accounts here.
• Get a part-time job to help you fund your non-essential expenses.
• Follow your favourite place’s social media accounts to keep up to date with offers and discounts.