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By Alastair Geddes
Student
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Student Alastair Geddes says it is important to keep track of finances
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My brother was at university before me, so my parents had a better idea of what to expect when I started.
I worried when I came to Sussex University that I might end up in big debt.
But the advice they gave me has been a lot more accurate than I had expected. I thought they would under-estimate, as most parents do.
They were helpful, in drawing up a plan for me.
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Weekly income
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Having a budget has given me something to stick to.
I don't spend outrageous amounts, but if I go over, I try to get back to normal the next week.
There are lots of costs I never had to deal with before, such as food and laundry, but you can't just forget about them.
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Weekly outgoings
Food - £30
Stationery and materials - £5
Bus and train - £5
Laundry - £3
Travelling home - £5
Socialising - £20
Books - £10
Clothes - £5
Club memberships - £2
Total = £87
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I'm lucky that my parents have been able to pay my tuition fees and accommodation costs, so I've not had to take out big loans.
I use a computer spreadsheet to help me calculate my costs.
Also, the university provides a lot of financial advice, if we need it.
They really encourage you to talk to advisers if you are in trouble.
I'm not saying I won't graduate with a debt, but with a bit of self-restraint and control, I seem to be doing OK at the moment.
It's not about being a saint. I try to keep the expenditure on food down to about £22 a week, so the rest of the £30 can go on beer.
Having a small difference between expense and income will help me cope with a difficult patch.
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