Money management tips

• Try not to use credit cards and store cards. If you do use credit or store cards, you must at least make the minimum monthly payment for each bill.
• Be careful to stay within your overdraft otherwise you may be liable for significant bank charges.
• Record your spending - try to keep a note of how much you spend and on what each month. This may also be helpful should you need financial help or advice from the Student Funding Team.
• Speak to your bank manager, mortgage company or landlord as soon as possible if you think you are going to have problems paying your bills.
• Keep your bank statements and letters. These are important documents and you might need them in future.
• Lastly, remember - credit is not real money - it's debt!

Updated: 2 August, 2011 | Student Funding Team | Legal