Budgeting

Aims and objectivesHopefully by the end of this session you

will know:

• What students spend their money on.

• How to differentiate between wants and

needs.

• What money is available for students.

• How Student Loans work.

Activity 1

What do students spend their money on?

What do students spend their money on?

Food and drink

Books and EquipmentClubs

Sport

TV Licence

Housing deposit

Clothing

Travel home Toiletries

and haircuts

Telephone and

Internet

Social life

Accommodatio

n

Activity 2: Looking at wants and needs

Wants Needs

List of ItemsRent CDs/Downloads Going to a gig

Tablet Make up Toiletries

Lunch (made yourself) Washing up liquid Sports Equipment

Lunch (McDonalds) Snacks Clubs/societies

Dinner (made yourself) Haircut Travel

Dinner (restaurant) Sports TV Licence

Cinema Paintball Swimming

Computer Game TV Phone

Internet Netflix Groceries

Iron Coffee with friends Clothing

Activity 3

What money is available for students?

What money is available for students?

• Student Loan

• Bursaries

• Scholarships

• Parental contribution

• Part-time employment

• Savings

How it all works

£400

How it all works

How it all works

How it all works

How it all works

£400

£300 £100

Conclusions

You should now know:

• What students spend their money on.

• The difference between wants and

needs.

• What money is available for students.

• How Student Loans work.

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