Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

What's a reasonable weekly sum for a student to live on?

15 replies

Heartrate · 22/08/2022 23:20

How much does he need? Assuming accommodation and travel paid for, how much spending money is reasonable for food, socialising and things he needs?

I don't want him to be broke and not able to participate in things, but I don't want it to be too easy either! He's saved some money, but I expected to top it up.

OP posts:
filka · 22/08/2022 23:30

Just to get the ball rolling, I pay my 18yo DD £500 per month while she is at a private boarding school in Cambridge. Plus I pay her mobile phone bill, a fixed price data/calls package.

Trainham · 22/08/2022 23:35

I cannot be precise but what I do is do an online shop with basic stuff as when DC started he was not good with money .he was one of those that has to spend every penny he has .this has got better .at least I knew he had food as he is a good cook. Now he is better at budgeting I give him a supermarket voucher and surprise him with an odd online shop with extra treats.
He has worked for his going out money as I am not in a position to fund that.

MrsEricBana · 22/08/2022 23:43

I worked out that the basic maintenance loan amounts to £125/week over a 12 week term + I'd pay accommodation, phone and travel back home if they wanted to come. Some will have lots more than thus but others will have less as paying some of it for their own accomm (and maybe topping up with a job). £125/wk equates to the pp £500 though presumably a private boarding would provide food and there'd be less socialising?

dizzydizzydizzy · 23/08/2022 00:49

DD is frugal. She spends £25 pw on food, almost nothing on transport because she cycles and little in going out because that mainly consists of going to sports clubs and meeting up with friends at each other's houses.

SandyY2K · 23/08/2022 00:56

£450 a month is fine.
Things are so expensive and rising.

My DD is going into her final year and bills have increased again.

OnlyTheBravest · 23/08/2022 01:01

My DS gets £500 a month, which has to cover everything.

I brought him his first food shop, annual sport membership and team uniform, offered to pay for trips home if he wanted to come back for odd weekends and used the sainsbury student meal ticket for emergency food use only. He is pretty good with budgeting and used his savings from a part time job, to cover fresher week.

Carrieonmywaywardsun · 23/08/2022 01:11

£50 would easily cover food and necessities. Maybe £25 per week for fun

tired17 · 23/08/2022 07:35

I've got one going next month, I was thinking £80 per week. I want them to have enough but not too much that they don't need to budget. My oldest (5 years ago) we allocated £60 a week for the first 2 years and £70 for the 3rd year but that was a different location that needed transport costs and obviously costs have increased since then. Interested in other opinions

Heartrate · 23/08/2022 09:07

Gosh that's quite a range. £500 pm seems enormous to me! I was thinking something like £80-£100 pw

OP posts:
Harumff · 23/08/2022 09:32

DD will be using the minimum maintenance loan to live off as we will pay accommodation - I think that equates to about £110 per week in term time which I think should be more than enough.

Fifthtimelucky · 23/08/2022 09:41

We paid for accommodation, utilities, and phone and gave £30 for food (or paid for catered accommodation). The youngest finished last summer so as prices have gone up we would probably increase the £30 if looking at next year.

We also paid for train fares at the beginning and end of term (or collected them).

They paid for everything else out of their maintenance loans.

Jarstastic · 23/08/2022 10:45

We pay accommodation and bills. we pay this direct to the provider. We also cover phone under the family plan. We also bought a laptop in the first term, bedroom and kitchen things etc but that’s a one-off cost.

DC take out/use the minimum maintenance loan c £4.5k. This is paid termly to them by SLC. This works out at £112pw for 40 academic weeks. Anything else is paid for by summer work, they make good money during this time. DC currently at Uni saying won’t take out loan this academic year to avoid the debt.

BigSandyBalls2015 · 23/08/2022 10:48

DD has just finished uni and she managed quite well on £50 a week. I realise things have increased now though. It also helped that she's vegetarian and not a big drinker.

I sent the occasional food shop to top things up, or sent a voucher for a pizza delivery etc. Also, if she was in Wetherspoons I'd ask her to send me her table number and get a round in on the app.

Heartrate · 23/08/2022 11:13

Those who are living on the loan, is it paid up front and they have to manage that? I can't remember the details, but I know there was some drama because my Dsis spent all hers early on and had to go to my parents for food. It's all very well saying they'll have to manage it, but I'm not going to let him starve so I'm wondering how it can be managed to avoid that.

OP posts:
MrsEricBana · 23/08/2022 11:27

Yes so loan split into 3 equal termly amounts and paid to them at start of term. Mine put all into their standard student account with high street bank then draw down the weekly amount to use that week into their active account (Monzo, Starling or whatever - this flags up every transaction with a notification and categorises the spend which mine find useful). But yes they could blow it all at start of term. I wouldn't do this but one friend has whole loan paid to her then gives the dc an agreed amount weekly (actually more than his loan would be for specific food related reasons).

New posts on this thread. Refresh page
Swipe left for the next trending thread