It is important to start planning the costs and budgeting your finances before you start your course in Liverpool.

The Money Advice and Guidance Team’s tips:

  • Sell your old books using the University's 'Pass the Book' scheme - https://ptbook.liverpool.ac.uk/.
  • Make sure you know how much Maintenance Loan, Maintenance Grant and bursary you are entitled to and that you are receiving the right amount.
  • If a parental contribution is required, make sure you have arranged when and how this will be paid to you.
  • Spend time planning and prepare a budget sheet. Try and stick to a budget for weekly essentials.
  • Prioritise your expenditure.
  • Consider setting up standing orders / direct debits - this can help you to plan and make regular payments to all the places you need to without worrying about missing payment dates.
  • Plan for extra expenditure at the start of the year e.g. field trips, special occasions, family birthdays etc.

We asked students who attended our budgeting workshops if they could suggest any budgeting or money saving tips and here are the results:


  • Re-use plastic bottles. 500ml of water is definitely not worth £1 or more - by Rachel Gibson
  • Don’t do a food shop on an empty stomach – you will only buy what you want, not what you need.
  • Buy in bulk – shop for the week instead of daily.
  • Plan your meals, write a shopping list and stick to it.
  • Turn lights off, save on electricity.
  • Subscribe to loyalty cards and use points for shopping.
  • Check comparing price websites.
  • Put your spare change in a moneybox, it may be very useful towards the end of term or for a special occasion.
  • Set a spending goal for each week and try not to go over it. Spending below it will be a bonus.
  • Look out for ‘offers’.
  • Buy second-hand . Good for the pocket and the environment.
  • Compare branded and own brand goods.
  • Always keep receipts.
  • Shop together, share and have fun.
  • Budget a weekly amount for entertainment and socialising, and try not to exceed this.
  • Spend some time choosing your student bank account. Look at the amount of interest free overdrafts each bank offers - going over your agreed overdraft level is expensive.
  • Open, read and keep your bank statements. You may need them and duplicate copies may have to be paid for.
  • Don't rush out an buy all the books on your reading list. Check to see which ones are essential, make use of the library and look for second-hand book shops.
  • Make use of all student discounts available.