My College @ The City of Liverpool College

Top Tips for Budgeting

  • Spend time planning;
  • Prepare a budget sheet;
  • Confront your fears;
  • List essential expenditure;
  • Keep a record of everything you spend – this helps identify regular/occasional spending patterns;
  • Consider setting up standing orders/direct debits – these can help you plan and make consistent regular payments;
  • Plan for extra expenditure such as start of year costs/special occasions/family birthdays etc;
  • If you need to borrow money then use only interest free overdraft facilities;
  • Open a student bank account if you have not already got one.