Financial success: Managing money at university

— Juliet Edjere

Heading off to university as an international student is an exciting adventure. However, it comes with a new set of responsibilities, including managing your finances. To make the most of your university experience and ensure a smooth financial journey, it's essential to stay on top of your money.

In this blog post, we'll provide you with valuable tips and strategies to help you manage your finances during your time at university.

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Photo by Dollar Gill on Unsplash

Practical tips to manage money at university as an international student

1. Create a budget:

The foundation of financial success is a well-thought-out budget. Start by calculating your income, including any scholarships, part-time job earnings, or family support. Then, list your monthly expenses, such as tuition fees, accommodation, groceries, transportation, and entertainment. A budget will help you allocate your funds wisely and avoid overspending.

2. Use student discounts:

One of the perks of being a student is access to a wide range of discounts. Take full advantage of your student status by using student discount cards and apps. Many restaurants, stores, and services offer reduced prices to students, so you can save a substantial amount of money on everyday expenses.

Use Unidays and Student Beans for Student Discounts. Use Olio and Too Good To Go for food and other useful items.

3. Set up a bank account:

Open a bank account, preferably one that offers benefits to students. Student bank accounts often come with lower fees and better interest rates. Having a local bank account will also make it easier to manage your finances and pay bills.

4. Monitor your expenses:

Keeping track of your expenses is crucial. Use apps or spreadsheets to record all your spending. This way, you'll quickly identify areas where you can cut costs or make smarter financial decisions.

5. Avoid credit card debt:

While credit cards can be useful for building a credit history, they can also lead to debt if misused. If you have a credit card, use it responsibly and pay your bills on time. High-interest rates can make credit card debt burdensome.

How to build Credit as a Newcomer to the UK

6. Seek part-time work:

Many international students find part-time jobs while studying. Check your visa regulations to see how many hours you are allowed to work. Part-time work can help cover living expenses and provide you with valuable work experience.

Download the Maze app to check out job listings.

7. Plan meals and cook at home:

Eating out can quickly drain your budget. Plan your meals, buy groceries in bulk, and cook at home whenever possible. Preparing your own food is not only cost-effective but also a healthier choice.

8. Take advantage of campus resources:

Universities offer a variety of resources and services to students. Make use of career centers, financial aid offices, and counseling services if needed. These resources can provide guidance on financial matters and personal development.

9. Save for emergencies:

Life can be unpredictable, so it's essential to have an emergency fund. Save a portion of your income for unexpected expenses, like medical bills or sudden travel needs. An emergency fund provides peace of mind and financial security.

10. Plan for the future:

Think ahead and consider your post-graduation plans. Are you interested in staying in the UK country or returning home? Understanding your long-term goals can influence your financial decisions.


Managing money as an international student at university may seem challenging at first, but with discipline and careful planning, you can achieve financial success.

By creating a budget, using student discounts, and making wise financial choices, you can make the most of your university experience while securing your financial future. Remember, your journey is not just about earning a degree; it's also about becoming financially responsible and independent.

Financial success is within your reach, and with the right strategies, you can keep your finances in check throughout your university journey.

Maze provides an end-to-end platform that disrupts the traditional relocation model.

We connect people relocating with service providers, reduce cost and enable the personalization of customer journeys to the UK.

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