Why do I need one?

Building a budget won't be the most exciting thing you do at university - but with a small amount of effort, it can give you more opportunity to do the things that really matter to you.

Your money will go further

Lots of people have a great time in their first few weeks at uni, enjoying their newly-paid student loans. When the end of the year comes around, it's a different story.

You won't be as stressed

University can be stressful in all sorts of ways, but if you have a good budget, money worries don't have to contribute. Building a good budget means that you don't have to worry about how much you're spending day to day, and you won't have the stress of checking your balance and finding that you've run out of money.

You can choose to spend on what you need most

If you don't know where your money's going, it's very easy to spend so much on rubbish sandwiches and phone games that you can't pay for the things you actually want. A budget won't let you buy a private jet, but it will let you prioritize the things you need and want.

You can prepare for emergencies

However well you plan, not everything will go the way you hoped - but you can be prepared for when things go wrong. By including some money for emergencies in your outgoings, you can take away some of the worry. And if you don't need it after all, that's a nice little bonus.

It's the start of a habit

For many people, university is the first time they have to take care of your finances completely independently. That means it's a good time to learn how to do it properly. If you get used to budgeting while you're at uni, you'll find it much easier to manage your money once you start work.