MONEY MATTERS Presentation by: Student Money Service September 2019

THE ART OF JUGGLING MONEY

Financial Education at UWE E- learning Blackbullion Financial Capability Module UWE Futures Award

STUDENT LOAN REPAYMENT CALCULATOR Videos Quizzes Competitions Prizes FREE for UWE students How to register? Visit Blackbullion and use your UWE Bristol email address to set up an account. Over 2700 users BUDGET CALCULATOR STUDENT LOAN REPAYMENT CALCULATOR INVESTMENT PENSION CREDIT RATING https://www.blackbullion.com/

Financial Capability Module Twice a year Six hours Part of Futures Awards External speakers Quizzes and prizes £100 Interactive 30 -50 attendees The Financial Capability module won the National Association of Student Money Advisers (NASMA) Financial Capability Engagement Award in June 2018. Had an amazing time, thank you for the engaging sessions! I feel more prepared to deal with my finances now.” Next module starts on 6th of November and students can book through Infohub

Managing Money Between £858 -£1050 a month Expenses Weekly BUDGET EXTRAS Please note that the above budget does not include: socialising/entertainment travelling to see your family and friends at home your mobile phone the cost of securing your accommodation for the next academic year emergencies summer costs Typical student budget expenditure Expenses Weekly Annual (40 weeks) Accommodation or rent £120–£150 £4,800–£6,000 Travel £12–£20 £480–£800 Course costs (books etc) £12–50 £500 Living costs (food, bills) £70–£80 £2,800–£3,200 Total   £214.50–£262.50 £8,580–£10,500 as you may need to pay a deposit to letting agencies in the spring/summer terms to ensure that you have somewhere to live next year.

Cash flow CREATING A BUDGET “A budget is telling your money where to go instead of wondering where it went” Dave Ramsey

Managing Money Maximising your income Working part-time (if you are allowed to) Minimising Expenditure Keep a spending diary for a week – look for non-essential expenditure Share course costs Keep travel costs down Keep your food cost down Claim an exemption from NHS charges – fill in a HC1 form Claim council tax exemption

Supermarkets £20 - £35 a week Yellow label – discounted items after certain time Loyalty cards – Nectar Card Student discounts https://www.moneysavingexpert.com/shopping/cheap-supermarket-shopping/ https://www1.uwe.ac.uk/students/feesandfunding/managingyourmoney/makingendsmeet.aspx

Working in the UK UWE ambassador UWE PAL SU shops International students - Restrictions on working (check visa) EU, Swiss, EEA students – Right to work Help getting a job: UWE SU Jobshop UWE Careers Service You will be asked for: Proof that you can work in the UK Your National Insurance Number (https://www.gov.uk/apply-national-insurance-number) UWE ambassador UWE PAL SU shops

Working in the UK £8.21 £7.70 £6.15 April 2019 Year 25 and over Your employment rights Contract Payslip (showing deductions) Minimum Pay Holiday pay Weekly and daily rest breaks Deductions from pay Tax & National Insurance Workplace pension scheme (for some) – can opt out If you earn more than £12,500 in the tax year, you will pay tax Cash in hand – employers pay you cash so they don’t have to pay tax and NI, it’s illegal Year 25 and over 21 to 24 18 to 20 April 2019 £8.21 £7.70 £6.15

Opening a UK bank account Why? Using an overseas card to withdraw money may be expensive Can set up regular payments i.e. for mobile phone Wages can only be paid into a UK bank account Tax refunds can only be paid into a UK bank account Bank stamens required for visa renewal

Types of banks Highstreet Digital / Chalanger banks https://www.savethestudent.org/international-students/top-international-bank-accounts-uk.html Digital / Chalanger banks

Opening a UK bank account What documents will you need? Passport with valid student visa (including your BRP) National photo ID card if EU Original document with proof of student status and proof of address in the UK and in your home country……The UWE bank letter Complete on-line bank letter request form with your UK address details and which bank you wish to open an account with It will be ready within 2 working days Collect the UWE Bank Letter from an Information Point to then take to the bank

MONEY CANNOT BE A TABOO

Advice & Help How to book seek advice The Student Money Service website has comprehensive and up-to- date information where you can find answers to most of your finance related enquiries. How to book seek advice If your question isn't answered by the website, please complete InfoHub enquiry form.

Frenchay campus, SUUWE Bristol Come and say hello at events! NEXT ACCOMODATION FAIR Tuesday 26th November 2019 12 -3 pm Frenchay campus, SUUWE Bristol We attend a variety of events happening during the year across the UWE Bristol campuses. You can find our stall at events like the Accommodation Fair, Employers' Fairs, Fresher's Fair, National Student Money Week and Feel Good February.

For more information check: Student Money Service Website https://www1.uwe.ac.uk/students/feesandfunding/feesandfundingenquiries.aspx Student Money Service – Managing your money website https://www1.uwe.ac.uk/students/feesandfunding/managingyourmoney.aspx UWE Additional funding and funds https://www1.uwe.ac.uk/students/feesandfunding/fundingandscholarships/financialsupportfromuwe.aspx Financial capability Module https://www1.uwe.ac.uk/students/careersandemployability/careerscoaching/developingyourskills/additionalcourses.aspx#FinancialCapability Blackbullion https://www.blackbullion.com/ NHS Exceptional Support Fund https://www.nhsbsa.nhs.uk/learning-support-fund/exceptional-support-fund

QUIZ https://kahoot.it/

FEEDBACK Google UWE Orientational programme and fill the form to help us improve the sessions  https://www1.uwe.ac.uk/students/newstudentsinformation/newinternationalstudents/orientation.aspx

Thank you