1. Managing your money

2. Aims & Objectives By the end of this session you will have an understanding of… The types of things that students spend their money on. The cost of living. What financial support is available to you as a student.

3. What do students spend their money on? Potential Expenditure – First Year: Accommodation Books and Equipment Food and Drink Clubs, Societies and Sports Clothing TV licence Travel home Toiletries and haircuts Telephone and internet Social Life Housing/Damage Deposit for next year TOTAL???

4. Accommodation LIVING AT HOME No rent to pay but limited freedom. £30 pw SELF CATERED UNI FLAT Meet new people but you buy your own food. £123 pw SHARED HOUSE Living with friends and total freedom but you pay rent & bills to pay. £85 pw CATERED HALLS Luxury facilities with all bills and most food included. £180 pw

5. Books & Equipment CORE TEXTS ONLY Only buy what you will read and buy second hand. £6 pw PHOTCOPY WHAT YOU NEED Don’t spend money on whole books - but will you have all the text? £5pw BUY EVERY BOOK ON READING LIST No need for library - but will you read them all? £85 pw ONLY BORROW FROM LIBRARY Loan for free - but will they have a copy of your book? £0 pw

6. Food HOME COOKING Cheap groceries, eat healthier but you need to shop regularly. £30 pw RESTAURANTS Luxurious and no washing up but your friends may not be able to afford to eat with you. £140 pw TAKE-AWAY MEALS Tasty meals and no need to cook but not healthy if eaten everyday. £85 pw READY MADE MEALS Quick and easy and cheaper than eating out but not healthy if eaten everyday. £180 pw

7. Clothing HIGH STREET Latest fashions and student discounts make it not too expensive. £30 pw CLOTHES SWAP Swap with friends to create a free wardrobe but may not always be to taste. £0 pw HIGH END HIGH STREET You will be the cool cat on campus but it will cost a lot to maintain the image! £50 pw BUY SECOND HAND A unique look as you can create your own style. Very cheap option. £10 pw

8. Travel TAXI Doesn’t require walking/public transport but it is not cheap! £35 pw PUBLIC TRANSPORT Cheap and you get a student discount but can be overcrowded and smelly. £12 pw OWN CAR Impresses your friends as you have complete freedom but it is an expensive option. £50 pw WALKING No cost at all and keeps you fit and healthy but takes time/effort. £0 pw

9. Telephone SIM ONLY Free texts and minutes and a fixed term contract but no new phone. £5 pw PAY AS YOU GO Monetary control but you may not have credit in times of need and there’s an upfront cost for the handset. £5 pw NO PHONE No bills to pay but you’re unable to contact people easily. £0 pw ALL INCLUSIVE CONTRACT Unlimited use and a state of the art phone but fixed term and expensive contract. £15 pw

10. Social Life STUDENT ACTIVITIES Student discounts and you get to try something new! £35 pw DON’T GO OUT Saves lots of money but it’s not much fun and your friends may get bored. £0 pw THREE NIGHTS OUT A WEEK Good social life with different things to do - but can you afford it? £50 pw PARTY ANIMAL Lots of fun and you make lots of new friends but you have no time for work! £100 pw

11. What do students spend their money on? Potential Expenditure – First Year: Accommodation Books and Equipment Food and Drink Clubs, Societies and Sports Clothing TV licence Travel home Toiletries and haircuts Telephone and internet Social Life Housing/Damage Deposit for next year TOTAL???

12. Weekly living costs Potential Expenditure per week – First Year student living in catered accommodation (2014/15) Accommodation£167.90 Books and Equipment£9.37 Food and Drink£20 Clubs, Societies and Sports£8.43 Clothing£8.43 TV licence£3 Travel home£4.68 Toiletries and haircuts£4.68 Telephone and internet£8.43 Social Life£35 Housing/Damage Deposit for next year£11.56 TOTAL£281.48

13. Sources of Income: Government Type of funding Maintenance loan Amount Repayable Non- repayable Means tested Non-means tested Full value up to £9,000 Tuition fee loan Up to £8,200

14. Support for living costs Household Income Maintenance loan £25,000 or less£8,200 £30,000£7,612 £35,000£7,023 £40,000£6,434 £50,000£5,256 £60,000£4,078 £62,180£3,821

15. Sources of Income: Type of fundingRepayable Non- repayable Means tested Non-means tested Fee waivers and bursaries Scholarships for academic excellence Scholarships for music and sport Scholarships for specific schemes

16. University support SupportHousehold incomeBursary amount Access to Exeter bursaries* <£16,000 £2,000 for year 1 £1,500 for subsequent years £16,001 - £25,000 £1,000 for year 1 £1000 for subsequent years Care leavers will receive a full fee waiver for all years of study and support for additional accommodation costs *available for 2015/16 entry

17. Other support Disabled Students Allowance (DSA) Hardship Funds Dependence allowance Parental contribution Part-time employment Savings

18. Expenditure Vs Income The trick is to get the balance right so that your expenditure (money out) isn’t greater than your Income (money in). INCOME EXPENDITURE

19. To sum up You should all now… Be aware of the types of things that students spend their money on. The cost of living. Know what financial support is available to you as a student.

20. Any question? Contact: Tel: 01392 xxxxxx Xxxxxx @exeter.ac.uk www.exeter.ac.uk Join the Conversation! #ExeterOpen @uniofexeter facebook.com/exeteruni