Being a student is fun, enriching and very expensive. Here's a full list of what you'll have to pay for, as well as a handy tool that will calculate the cost of going to different UK universities based on the cost of studying, plus the cost of living in each location.
Leaving home and having the best time of your life for three or more years comes at a price, which is why it's important to learn how to budget as a student.
Be it creating a weekly student food budget, or student budget spreadsheet for nights out, if you don't set yourself a student budget you will soon see your savings dwindle away and your debts start to pile up.
Our checklist includes all the costs you could face during your studies, with some handy links so you can work out how much you need to budget for each.
|Personal Checklist||Entertainment checklist||Financial checklist||Transport checklist|
|Groceries||Alcohol on a night out||Rent||Bus pass|
|Gifts for family & friends||Pub & nightclub entrance fees||Bank account||Train tickets|
|Alcohol at home||Takeaways||Mobile phone||tube pass|
|Clothes||Eating out||Gadget insurance||Taxis|
|Haircuts||Concerts, festivals & sports events||Internet||Car running costs|
|Washing & laundry costs||Music, games, & streaming||Car insurance||Parking permits|
|Toiletries & cosmetics||Books & stationary||Contents insurance||Cycling accessories|
|Kitchenware||Gym membership||TV licence|
|£||Gifts for family & friends|
|£||Alcohol at home|
|£||Washing & laundry costs|
|£||Toiletries & cosmetics|
|£||Alcohol on a night out|
|£||Pub & nightclub entrance fees|
|£||Concerts, festivals & sports events|
|£||Music, games, & streaming|
|£||Books & stationary|
|£||Car running costs|
If you're making a decision on which university to attend, and are on a strict student budget, then it's worth keeping in mind that some places are cheaper to live and study than others.
Money.co.uk have created a tool so you can easily calculate the cost of going to different UK universities based on the cost of studying plus the cost of living in each location.
If you want to live the university lifestyle to its maximum you need to consider where the money is coming from to fund your nights out and your day-to-day expenses.
Your student loan gives you large sums at the start of each semester. The trick is not to blow all the money on the first few weekends or you will be in real trouble for the remainder of the semester.
If you have relatives who can help with your finances then this can be the cheapest alternative to funding your university lifestyle as you can avoid paying any interest, and if you are lucky you may never need to pay the money back.
For more information on student budgeting read our Ultimate Student Finance Guide For Freshers.
Try living the life of a student a few weeks before heading off. Give yourself a realistic budget, head down to the shops and buy yourself a week's worth of food. If it comes to more than you thought, just have a few less pints at the pub until you can find cheaper groceries.
Getting a budget right first time isn't easy, so play around with what is important to you on a day-by-day basis and make sure you shop around for the best deals and compare prices in all aspects of your university life.
James has spent the past 15 years writing and editing personal finance news, specialising in consumer rights, pensions, insurance, property and investments - picking up a series of awards for his journalism along the way.