It’s easy to want to splash out as soon as that student loan drops but trust us—having a solid budget plan can save you from financial stress later on. 

Step-by-Step guide to budgeting: 

1. Track Your Outgoings:  Jot down all the essentials—rent, bills, groceries, laundry, and even occasional costs like birthdays or nights out.  

2. List Your Income: Include everything—student loan, part-time job earnings, bursaries, or any financial support from family. 

3. Use Budgeting Apps 

Top tips for staying in control: 

- Regularly Check Your Bank Account: Make it a habit to glance at your banking app or statements to see where your money’s going. 

- Keep a Spending Diary: Whether it’s using an app or just scribbling in a notebook, tracking every expense makes a big difference. 

- Be Realistic: When budgeting, don’t underestimate what you’ll spend. If you're unsure, aim higher—better to have extra than fall short. 

- Plan for the Unexpected: Include irregular expenses like haircuts, trips, or textbooks in your budget, so you don’t get caught off guard. 

Smart ways to save: 

- Shopping Lists & Discounts: Always go to the shops with a list and look for student discounts! An NUS card or the TOTUM app can help save money on food, clothes, and even travel. 

- Subscription Check: Review any streaming services, magazines, or other subscriptions—are they all necessary? If not, ditch the ones you don't use regularly. 

Bursaries and grants: 

Some universities offer bursaries that you don’t have to repay. Check with your uni—you might be eligible and not even know it. 

Borrowing? Be careful: 

- Take Your Time: If you’re considering borrowing money, do your research. Compare deals, check fees, and understand the total amount you’ll need to repay. 

- Student Overdrafts: Many student accounts offer interest-free overdrafts—use these before dipping into other credit. However, it’s only free while you're studying, so plan to pay it off before graduation. 

- Credit Schemes (Buy Now, Pay Later): These might sound handy, but always read the fine print! Late payments often come with fees, so only use them if you’re sure you can repay on time. 

Never hesitate to ask for help if you're struggling financially. Your university’s Student Union or Citizens Advice can offer free, confidential advice.