WELFARE SERVICE STUDENT BUDGET PLANNER

							UNIVERSITY OF PAISLEY                                                                   STUDENT SERVICES
                                          WELFARE SERVICE
                                      STUDENT BUDGET PLANNER

Use this planner to help you manage your money. You can afford to be a student!
Here is an example:

WEEKLY INCOME
Divide annual amounts by 52 (final year students should divide annual amounts by 40)
                                                           SELF                                     PARTNER
Student Loan                                      £ 76.50                               £
Parental/Spouse Contribution                      £ 10.00                               £
SAAS/LEA Award                                    £                                     £
SAAS/LEA Travel Expenses                          £                                     £
Trust/Scholarship                                 £                                     £
Earnings                                          £ 20.00                               £
Child Tax Credit/Working Tax Credit               £                                     £
Training for Work Allowance                       £                                     £
State Benefits/Pensions                           £                                     £
Child Benefit                                     £                                     £
Periodical Allowance/Alimony                      £                                     £
Child Support Agency/Maintenance                  £                                     £
Student Union Hardship Fund                       £                                     £
Other income                                      £                                     £

                          Income weekly total    £ 106.50                               £
                            Joint weekly total   £

WEEKLY EXPENDITURE
Housing                               Rent/Mortgage                                  £ 40.00
                                      Council Tax                                    £
                                      Other Housing Costs                            £
Bills                                 Gas                                            £ 10.00
                                      Electricity                                    £ 10.00
                                      TV Rental/Licence                              £ 2.50
                                      Telephone                                      £ 10.00
Food/Housekeeping (toiletries etc)                                                   £ 25.00
Clothing                                                                             £
Travel Costs (Car/Public Transport)                                                  £ 8.00
Others                                Course Books/Equipment/Course Related Costs    £ 8.50
                                      Debt Repayment                                 £ 5.00
                                      Entertainment                                  £ 15.00
                                      Childcare                                      £
Additional                                                                           £
                                                                                     £
                                                            Expenditure weekly total £ 134.00

                                            Income weekly total or Joint weekly total   £ 106.50
                                                    minus Expenditure weekly total      £ 134.00
                                                                    Excess/Shortfall    £ - 27.50

Now do your own calculations below…………
Complete using your own weekly income and expenditure:

WEEKLY INCOME
Divide annual amounts by 52 (final year students should divide annual amounts by 40)
                                                           SELF                             PARTNER
Student Loan                                      £                                     £
Parental/Spouse Contribution                      £                                     £
SAAS/LEA Award                                    £                                     £
SAAS/LEA Travel Expenses                          £                                     £
Trust/Scholarship                                 £                                     £
Earnings                                          £                                     £
Child Tax Credit/Working Tax Credit               £                                     £
Training for Work Allowance                       £                                     £
State Benefits/Pensions                           £                                     £
Child Benefit                                     £                                     £
Periodical Allowance/Alimony                      £                                     £
Child Support Agency/Maintenance                  £                                     £
Student Union Hardship Fund                       £                                     £
Other income                                      £                                     £

                          Income weekly total    £                                      £
                            Joint weekly total   £

WEEKLY EXPENDITURE
Housing                               Rent/Mortgage                                  £
                                      Council Tax                                    £
                                      Other Housing Costs                            £
Bills                                 Gas                                            £
                                      Electricity                                    £
                                      TV Rental/Licence                              £
                                      Telephone                                      £
Food/Housekeeping (toiletries etc)                                                   £
Clothing                                                                             £
Travel Costs (Car/Public Transport)                                                  £
Others                                Course Books/Equipment/Course Related Costs    £
                                      Debt Repayment                                 £
                                      Entertainment                                  £
                                      Childcare                                      £
Additional                                                                           £
                                                                                     £
                                                            Expenditure weekly total £

                                            Income weekly total or Joint weekly total   £
                                                    minus Expenditure weekly total      £
                                                                    Excess/Shortfall    £

Now draw your own conclusions. If the last box has a negative figure in it, why not consider:

•   getting a flat mate                                     •   looking for a part-time job
•   sourcing cheaper accommodation                          •   economising on some of your expenditure

…and don’t forget that you may be eligible to apply to the University’s Hardship
        Funds! Find out from the Funding and Advice Reception in room J235