University life is exciting, but it also brings financial responsibilities. Here we have collated some top tips for budgeting well, making savings and accessing support if you need it.
Prepare a budget plan
To prepare a budget plan, you should consider:
- Your total income: student loans, grants, part-time work, family support.
- The total cost of essentials such as rent, transport, food and study materials.
- Work out how much money you have left when you take away your essential expenses. This will give you an estimate of what you have left to spend on activities such as going to the gym and dining out.
You can use budgeting apps and websites to help you estimate your weekly budget, such as:
Manage Utilities & Bills
If you’re living in halls, your bills may be included in your rent. But in private housing, you’ll likely need to pay for gas, electricity, water, and broadband separately. Look into setting up meter-based billing if available, and adopt simple habits to reduce usage—like shorter showers or switching off unused appliances.
Where possible, spread larger annual bills over 12 months to avoid seasonal spikes in spending. Many providers offer flexible payment plans, so it’s worth checking what’s available when you move in.
Food & Travel Strategies
Saving money on food and transport can make a big difference to your weekly budget. Supermarket prices can vary, so it helps to shop around—budget-friendly options like Aldi and Asda are popular with students. Planning meals, buying in bulk, and batch cooking can also cut costs and reduce waste.
For getting around Liverpool, take advantage of student travel cards or discounted bus passes. The city is compact, so walking or cycling can save you money and keep you active.
Find a student job
Working part-time while you study is a great way to boost your budget. It also gives you the chance to build transferable skills and strengthen your CV. The University’s Careers and Employability team can help you explore part-time roles that fit your course schedule.
There are also great opportunities on campus, so you don’t have to look far to find work. Explore job opportunities through our careers platform, Handshake. You can get advice about working in the UK during studies if you are an international student from our International Advice and Guidance Team.
Student Discounts & Money-Saving Tools
Your student status gives you access to a wide range of discounts. National schemes like Totum, Unidays, and Student Beans offer savings on everything from takeaways and travel to tech and fashion. On campus, keep an eye out for deals in cafés, shops, and even study resource providers.
You can also use cashback sites, price-tracking browser extensions, and free library apps for digital books or audiobooks—all handy tools for keeping more money in your pocket.
Financial Support & Money Advice
Even with the best planning, money can be tight. That’s why the University offers support throughout your student journey. The Money Advice and Guidance team can help you understand your options, including eligibility for statutory support, bursaries, budgeting help, and the University Hardship Fund if you’re facing unexpected financial challenges.
If you’re ever unsure about your finances, don’t hesitate to reach out—they’re here to help. Discover how Money Advice and Guidance can support you.
Beware Financial Pitfalls
Unfortunately, students can be targets for scams or high-interest loan sharks. Always be cautious about where you get financial advice or lending from. Avoid unregulated lenders or anyone pressuring you into quick decisions.
If you’re unsure whether something is legitimate, speak to the University’s Money Advice and Guidance team before taking action.
Prepare for Emergencies
Try to set aside a small amount each week for emergencies. Even £5 a week can build up to a useful cushion over time. It can help cover surprise expenses like a damaged laptop or urgent travel without throwing off your entire budget.
Final Take
Budgeting isn’t just about limits—it’s about freedom. By planning realistically, reducing everyday costs, and using available support, you’ll reduce stress and stay focused on your studies and social life.
Want to explore more tools, financial calculators and more? Head to the Managing the Cost of Living section of the University’s website.