Planning for your education this autumn? Then among all the excitement regarding your new course and social life you must also be plagued about worries regarding paying for the course. The average student spends around £5,000 a year and accumulates a debt in excess of £15,000 on graduation. One should keep a track of the expenses in order to have a wonderful time at the university.



Along with the tuition fee one also needs to consider regarding the various financial overheads such as food, accommodation, books and entertainment. One would also require preparing a budget for all these things. Prepare a realistic budget which should include not only the expenses stated above but other expenses also such as tickets, phone bills and memberships to clubs and societies.



Plan for your finances in an intelligent manner and try and find the cheapest credit available. Try and use credit card as a last resort and its better to use your current or savings account to pay off your loans. Try and keep your spending habits within limits.



Avoid lending to other students, chances are that you might never get it back. In order to ensure that each mate pays his or her share of bills do take care to put their names on the gas, electricity or phone bills in a shared apartment. Try and work part time during your studies in order to release the burden on you but see to it that it doesn’t affects your studies.



Finally get a job during your summers so that you could gain valuable experience for the job market.