It is a good idea to plan and prepare a budget before you arrive. Your tuition and study fees do not include personal costs like accommodation, food and study materials.
These are your 'living costs', and it's important to spend some time thinking about how to manage your money making sure you can cover them right through to the end of each year.
There can be a massive difference in the costs you face depending on where you choose to study. One of the great advantages of studying at Leicester is that your money will go further. Leicester has been recognised as one of the UK’s most affordable student destinations, meaning you will be studying in one of the best value cities for accommodation, food and other living costs.
Every student's spending is different. However, it is possible to offer some very approximate amounts to give you an idea how much money you are likely to need. Costs will vary depending on your location and your lifestyle.
Accommodation forms a large proportion of your budget but it is at least a fixed amount., therefore, you should choose a residence carefully which suits your financial circumstances. First, work out your accommodation costs. This will be your main expenditure each month. Then consider the following approximate monthly costs:
- Food: £120 - £160
- Toiletries: £20
- Telephone: £20 - 40
- Travel: £50
- TV licence: £12
- Sports/societies: £50
- Laundry: £20
- Books/equipment: £40
- Insurance: £12
- Clothes/shoes: £40
Figures correct as of 2017.
Budgeting your finances to last all year is vital. This UCAS Budget Calculator will give you some ideas and advice about how to manage your money. University may be the first experience you will have of managing your own money to help you we have asked our current students for their top tips for budgeting.
Budgeting is especially important if you need to apply for a visa because part of the application process involves demonstrating that you have enough money to support yourself (and any dependants) while you're in the UK. You can use the International Student Calculator to work out how much you're likely to need.