Total Income from Student Finance + University for remainder of acadmeic year = £4829.98
Expenditure for Accomodation = 1390.61 *2 = £2781.22
Remainder of Income not allocated for = £2048.76 (Sounds like a lot right?)
Well, next guaranteed source of income is not expected till end of September (Next lot of student finance...), meaning there are another 38/39 weeks to go(This is effectively worst case..)
£2048.76 / 39 = £52.53 per week. This is not much at all bearing in mind travelling costs and more importantly Food (and a small portion of drinks...)
This improves if you take out the holidays completely leaving only 12 weeks for first term and 7 weeks(only exams..) for the second meaning I am only at University for a remaining 19 weeks this academic year!
Therefore, £2048.76 / 19 = £107. 83 per week. A much healthier sum. However, I also need to allow for a deposit on my 2nd year house of up to £200 (likely to be less but on the safe side...). Leaving £1848.76 (£97 per week).
This still however assumes that during the holidays my income and expenditure are equal, meaning I have to earn what i spend. Well this would be very nice! However I do not have a job at all currently, so this leaves me with no conclusion but to budget for £25 per week for the holidays(I don't officially have to pay my parents anything for food, however for me to get around my car is essential and £15- 20 a week disappears with the current fuel costs without covering that many miles!).
Taking this into account, there are 17 weeks of holiday (@£25 a week = £425). Therefore leaving me with a uni budget of £1423.76 Total.
£1423.76 / 19 weeks = £74.93 per week at University. This can be further broken down into my weekly expenses of a minimum of £3.20 for washing clothes, £10 for transport (buses to get shopping/taxi for 1 late night out per week). I also expect to need to budget for approximately £10 for lunches at uni (usually 3 lunches per week - only due to having lectures before and after lunch/not being able to get home in between and the want to remain relatively sociable! This cost could be 'avoided' (or reduced) with packed lunches but I'm not quite in the habit of getting up early enough for this currently!). I also am budgeting for approximately 1 train journey (home and back again) every 3 weeks(More likely every 4 weeks..but still). Which equates to £5 a week. I also have a phone contract equating to £7 per week on average(I like nice phones...whoops!)
This leaves approximately <£40 per week to spend on food, drink, toiletries, nights out, books, clothes, oboe reeds, oboe music, presents and anything else! This is only £5.70 per day average, which is primarily for 2/3 meals 7 days a week!!!! If I want to go out 1 night a week to leave myself £10 I can only spend £4 per day on food and drink!
So if anyone does want to make my student life a tad easier and give me some suggestions to making money (Something like the million dollar homepage would be perfect....shame that idea won't work again), or has a job for me, or does just want to donate I have gone to the trouble of creating a donate button (Good old paypal!).
I must also stress that I do realise I still am very fortunate to be going to University, to be offered a place, and to be able(if only just) to afford it - let alone how privileged I am to have a car and a nice mobile phone and a computer or even a roof over my head and running water! I would love to be in a position to donate money to charities and will as soon as I am fortunate enough to have a stable job, until then I hope its in everyone's nature who has plenty of money to live off to support those who are in need.
Obviously, my parents and grand-parent(Yes singular) would not let me starve(I would however have to pay them back + the student loan!) , however I want to be as independent as
possible and not have to rely on my parents so hence the strict budgeting - here is me hoping this doesn't lead to a strict diet aswell!Over and Out for now
Simon Telford -- Giantsitel
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