Budgeting

Work out a budget

If you haven’t done this already, then this is the first crucial step towards getting back on track. 

• You can make your budget online here in easy steps.
• Show it to your creditors straight away. Make sure that you contact all of your creditors.

Budgeting advice

Try to increase your income (see some of our tips here).

• Have you received all of the student loan/grant that you are entitled to?
• Can you increase your income eg by getting a job or by selling unwanted items?
• Is an interest-free overdraft an option?
  
  

Decrease your expenditure. The possibilities are endless, but you may have to make some sacrifices (see some of our tips here).

If your budget calculates in the black (ie in credit), use any surplus towards paying off your debts.

• Don't borrow money to pay off your bills without thinking it through very carefully. Always get advice first.
  
  

Finally and most importantly – get advice from the Student Advice Service.