We recently spoke to Shivani Sehmi; Shivani is a Legal Practice Course student and future trainee solicitor. Shivani provided us with some budgeting tips for law students looking to better manage their money. We hope this prove helpful, whatever stage of study you are currently at!
1: Calculate your monthly outgoings
Try to work out what your monthly expenses (food/general shopping, rent, other bills, birthdays coming up etc) will be and set aside this amount, either in another bank account or keep a mental note, so you know that the money left over is spending money for you to enjoy!
2: Consider a part time job
Getting a summer/winter job once the term has finished is really helpful as you can put money away in your savings in case you need it at university.
3: Use those brains!
Sometimes universities have quizzes or other competitions where you can win vouchers or money, so definitely enter if you can - you have nothing to lose and a lot to win!
4: Don't be afraid to ask for help
If you're struggling financially, talk to the university and see what they can do to help; don't suffer in silence.
5: Treat yourself occassionally
Whilst it's tempting, try to only buy what you need and not want you want all the time - occasionaly treating yourself is also key to having balance, however!