Financial Services > Student Loans > Advice > Stay ahead with your finances

Stay ahead with your finances, and avoid being overcharged


Set a budget, and stick to it. See our New Finance budgeting pages for ideas on how to set and stick to a tight spending budget, and still have some money left over to enjoy life.

Avoid the plastic trap of over-using your credit cards.

Don't buy lottery tickets in the hope that your magic numbers will come up and clear your overdraft. They won't.

Make sure that your important possessions are well insured, to avoid a financial emergency, which would ensue if your house was burgled. Some household contents insurance policies include student accommodation, so make sure you aren't paying twice. Get Home Insurance.

If you can, look for flats with ten month, rather than twelve month lease arrangements.

Avoid being overcharged by your bank. Don't go over your authorised overdraft limit, as this will cost you dearly. If you think that you will always do this occasionally, make sure that you are with a bank which does not penalise you heavily for this.

Go straight home when term has finished.

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