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Manage Your Money

Managing money is a vital life skill and is crucial to a successful university experience. Being informed and planning ahead are critical steps for developing this skill.

To manage your money effectively, you need to know exactly how much will come in, and how much will go out, every week or month. Check out University Costs (Fees and Costs of Living) so you can start thinking ahead about the costs you will face as a student.

Check out some resources below to develop your money management skills.

Budgeting

Budgeting helps us to track our spending and saving. It is a life skill and is essential for smart money management.

By creating a budget we can ensure we are living within our means & we can see where we can save money.

Why not look at the following excerpt from the Financial Readiness for Life module which has been created to help you learn more about money management?

Money Management

Explore practical activities and guidance to help you understand budgeting, spending and managing your money in this excerpt from the Financial Readiness for Life e-module

Click here

Want more?

Try this exercise to help you figure out where you spend your money every day, and how your estimates of your monthly costs compare to your actual monthly costs.

Budget Skills.xlsx

Avoiding Scams

Knowing how to budget is one thing, but knowing how to keep hold of your money is another.

As cash becomes less common and our world becomes more digital, the likelihood of being scammed increases.

Why don't you watch the following video that gives some useful pointers on what to look out for in common scams:

Financial Readiness for Life e-module

Want to learn more about managing your money, avoiding scams, saving, and dealing with debt? Why not try out the full Financial Readiness for Life e-module below: