Living costs

It’s important students understand the costs associated with studying at university and plan their budgets accordingly. Good planning is essential to ensure that student’s time at university is free of financial worry.

The University has a number of tools to help students plan their finances and get the most out of their money.

The Money Planner is a budgeting tool that helps students figure out how much money they will need as a student. It includes standard amounts for rents, bills and other everyday costs, which can be edited according to their specific needs and spending habits. A summary is then given to show if students are balancing their books or if they’re going to have to increase their income or reduce their spending.

The Money Timeline allows students to plan their finances from pre-entry through to graduation. Pinpointing when students can expect to receive money and how best to manage their cash.

If students would like to talk to someone about their budget they can contact a Money Adviser, in the Student Advice Centre in our Students’ Union, who will be happy to go through their budget with them and make sure they are making the most of their funding (Tel: 0114 222 8660. Email: advice@sheffield.ac.uk).