MONEY, MONEY, MONEY International Students

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MONEY, MONEY, MONEYInternational Students

• Students Guild Advice Unit

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Whats this all about?

• Basically, making you think about money!!
• What youre going to spend it on
• An idea of UK prices
• Budgeting
• Tips from us
• Tips from students
• Where to go for help

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YOUR TURN.

• Add up what money you have coming in?
• INCOME
• Now what are you going to spend your money on?
• EXPENDITURE
• Have any of you got a shortfall between your
  Income and Expenditure?

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EXPENDITURE

• POTENTIAL EXPENDITURE (Living in Halls Average
  Costs)
• (40 weeks) (51 weeks)
• Hall Costs (approx. 100 per week, self-catered)
  approx 4000 5100
• Academic Fees up to 12250
  12500
• Books Equipment 300
  300
• Coffee etc 250 300
• Clubs Societies 200
  200
• Clothing 250 300
• Food (30 per week) 1200
  1530
• Travel Home ? ?
• Toiletries Haircuts
  250 300
• Telephone 400
  500
• TV License 150 150
• Presents 150 200
• Social Life (20 per week)
  800 1020
• Housing/Damage Deposit for next year
  300 300

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Cost of living in the UK Cost Breakdown

• Typical prices for specific items and services in
  the UK
• Utilities (electric gas, if not included in
  accommodation costs) 30-40 per month
• Wine 3-8 for a 75cl bottle of table wine
• Beer 1.50-2.80 per pint in a pub or bar
• T-shirts, underwear under 20
• Haircut 5-40
• Shirts, tops, lightweight sweater, lightweight
  shoes 30 and under
• Jeans and other casual trousers, skirts,
  lightweight outdoor jackets, heavier sweaters,
  heavier shoes 40 and under
• Raincoats and other outerwear, boots 70 and
  under
• Winter coats 100 and under
• Laundry 15-20 (if not included in catered
  halls)
• Dry cleaning 4 for a skirt 9 for heavy coat
• Small electrical appliances (e.g. hairdryer,
  kettle) 20 and under
• Textbooks 10-50 (second hand books however, as
  little as 1)
• Paperback books to read for pleasure 5-10
  (second hand books, as before)
• Newspapers 20p-1.20 per issue
• Magazines 50p-3.50
• CDs 5-20

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UK Food Costs

• Food prices taken in September 2005 and up-dated
  using Tesco superstore as a guide
• Bread 25p-1.40
• Milk 30-50p per pint
• Rice 80p - 4 per kg
• Pasta 30p - 4 per kg
• Sugar 70p - 1.30 per kg
• Flour 20p -1 per kg
• Tea bags, 30-70p per 100 gs loose, 30p - 1 per
  100 gs
• Coffee 70p - 2.70 per 100 gs
• Eggs (box of six) 60p - 1.50
• Potatoes 30-70p per kg
• Carrots 50-90p per kg
• Butter (pack of 250g) 50p - 1.60
• Oil 50p - 6.70 per litre
• Frozen pizza 50p - 3.00
• Cheese 2 - 13 per kg
• Ham 50p - 2 per 100 gs
• Chicken 2 - 8.50 per kg

Tomatoes 1 - 4 per kg Onions 60p - 2.10 per
kg Cream 20-30p (100 ml) Lettuce 20-70p
each Sausages 1 - 5 per kg Bacon 3 - 10 per
kg Cucumber 50p - 1 each Frozen ready meals
80p - 2.30 Orange juice 30p - 1.90 per
litre Baked Beans 15p-45p per standard
tin Apples - 1 - 2 per kg Bananas 85p - 1.30
per kg Grapes - 1.70 - 2.20 per kg Lemons
Limes approx. 20p each Melon 60p - 3
each Cola 40p - 1.40 per 2 litre bottle Pesto
- 1.50 - 1.70 per jar Noodles 10p - 50p per
100 gs Spices 10p 50p per 10 gs Oats 40p -
1.40 per kg Cereal - 3 - 5 per kg Fish - 6 -
11 per kg Chocolate - 1 - 2 per bar
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EXPENDITURE

• POTENTIAL EXPENDITURE
• First Year Average Costs Term-time
• Accommodation (average 135 p/week 31 weeks,
  catered) 4185
• Social Life (approx. 35 per week)
  1085
• Tuition Fees 3225
• Books Equipment 300
• Clubs Societies 170
• Clothing 200
• Housing/Damage Deposit for next year 300
• Internet (Connection fee in halls) 70
• Lunches, Coffees etc. (approx. 20 per
  week) 620
• Presents 150
• Telephone 225
• Toiletries Haircuts 120
• Travel Home 200
• TV License 150

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So, anyone want some extra help then?

• Even if you have a load of income or are not
  intending to spend a lot, you can always do with
  that bit more help. And thats where I come in
• Now its time for the budgeting bit

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BUDGETING

• Income vs. Expenditure
• Priority vs. Non-Priority spending
• PRIORITY SPENDING essential (although varies)
• In general
• Housing, Basic food, water, warmth, light and
  anything subject to potential loss of liberty
• NON-PRIORITY non-essentials
• Including
• Socialising, sports, hobbies and luxuries
• IDEAL BUDGET is INCOMEgtEXPENDITURE
• REALISTIC BUDGET is INCOME EXPENDITURE!

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So.

• You get to the last week of term and you only
  have 50 left, what are you going to spend it
  on
• A. Going out for a meal with your mates?
• B. Train ticket home?
• C. Those new books you need to study for the
  exams after Christmas?
• D. A big night out?
• E. Another option?

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Professional Money Saving Tips

• Plan ahead (diary)
• Keep a record of what you spend receipts
• Search on the internet
• Utilise offers e.g. banks, student discounts,
  collect points
• Student offers e.g. nights out, shops, travel,
  cinema
• Pay in cash avoid cards (especially credit
  cards)
• Buy in sales/offers or second-hand
• Books equipment savings
• Food drink savings which supermarket, shop at
  the end of the day not when hungry, make a list
  stick to it!
• Sharing
• Economise and be Green travel, electricity
  etc
• Be wary of going overdrawn - authorised vs.
  unauthorised
• Utility savings inc. phones deals
• Keep some reserves, if you can!

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Other student money saving tips

• Get a job!
• A night in with mates can be as good as a night
  out
• Fancy dress dont hire, make your own
• Cook together and doing your laundry together
• Voluteering
• Sell things you dont want or need anymore e.g.
  ebay
• Cut up credit store cards
• You wont need all the books on your reading
  lists, trust me?
• Speak to people about it e.g. the Advice Unit

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YOUR BUDGET

• Understanding Planning
• Caution
• Prioritise
• Make the most of being a student!
• Seek advice/help if you need help

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If in doubt, what should you doSpeak to someone.

• Friends, parents, tutors, but most of all your
  one-stop-shop for any problems
• THE ADVICE UNIT
• Were here to help you with your financesand
  also any academic, housing, or basically any
  problems that you have.
• Were on the First Floor, Devonshire House
  (opposite the JCR and at the end of the Long
  Lounge)

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Thanks for listening Good Luck!!

• Any Questions?
• Joanna Thomas
• Student Funding Advisor
• University Of Exeter Students Guild