Monday, May 14, 2012

Five Main Living Expenses For UK Students


"Five Main Living Expenses For UK Students"," Students living in cosmopolitan London can expect living expenses to be greater than anywhere else in the UK - by around 25% - mainly because the cost of student accommodation and travel is so much higher here.
 Besides your tuition fees (up to £3,290 for the 2010/11 academic year for UK residents) you are going to need money to cover your general living expenses.


The average amount spent each year on living costs by students is now around £8,000, and is nearer £10,000 in London.
 To give you some idea how the money is spent, here is a list of the five main expenses for students.
 The cost of accommodation can be as much as £15,000 depending on the location and standard.
 Recent figures on student accommodation costs average around £62 per week for private accommodation and don't include a deposit or insurance.


Tip: Depending on the university, shared student accommodation may be the cheapest option.
 You can keep costs down by sharing the cost of essential food and groceries items within the house share, such as bread, milk, tea, paper and cleaning products.


Tip: Prepare your own meals and look out for reduced items in the supermarket.
 This includes drinks, clubs, gigs and going to the cinema.
 No one wants to be a killjoy, but it will help your wallet or purse if you keep an eye on your entertainment spending.


Bills

From your mobile phone to gas and electricity, as well as broadband, you'll need to cover the cost of these regular bills.
 The same is usually true if you take a spare room in a private house.
 If you live in a flat or house share, be sure to organise an agreement between everyone in the property that they will pay their fair share of these bills.


Travel

Whether you are going from home to university, just around town or visiting far flung places during the summer holidays, student travel costs can soon mount up.


Tip: Always shop around and compare ticket prices; use student discounts whenever possible.


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