So far to prepare for the coming cash poor year...
I've made a budget...
The initial draft of this was done at 2am in the morning when I could not sleep one night and needed to get something down on paper to see if going back to uni was actually achievable. I have a number of set costs such as my accommodation, tuition fee's and repaying of debts that are fixed amounts which need covering and cannot be lowered. I have savings that will cover this majority of this and I'm hoping to pull the rest together through part-time employment and applying for educational grants. A career development loan is my very last resort, so to stop this happening I need to budget my personal expenses sensibly.
I've budgeted £2,500 for the year starting in September for personal expenses:
- £620 for food, resulting in around £12 per week
- £200 for laundry & cleaning products, as I am going to have to use the laundrette to clean my clothes
- £80 for cosmetics
- £250 for university supplies- At first I thought this would be low as I access the library a lot to avoid paying for books, but there are a few groups I'd like to join which have a small annual fee, I'd like to join the pool for £60p/a and take a Spanish class
- £50 for clothing- as I really have enough already
- £200 for transport- which includes getting from Glasgow to Derby for Christmas and using public transport for a university placement
- £80 for gifts & special occasions
- £1020 for socialising- resulting in £20 per week. This is the thing I have found most difficult to calculate... I am a social being and would like to go to events, meet people, etc. but I really don't know how much I need for this or if this is excessive? I really hope to only spend around £10 on socialising and put the other £10 in to savings
Sorted out the clothes and cosmetics I already have...
I came home thinking that there were lots of things that I needed, from clothes to cosmetics. However, doing an audit of what I already have has made me realise there are just a few essential items that I need.
Although I do need a new facial moisturiser and a mascara, I have mountains of body cream and body wash that I've received as gifts and it's unlikely I will have to buy more until well after Christmas. I have also found a variety of miniature cosmetics that will keep me going for the rest of the summer.
Things I do need I'm trying to get at bargain prices...
For example: I needed new knickers. I want them good quality but I can't afford to spend a fortune on them. My sister helped me out with this one, directing me to the Debenhams online sale and finding me voucher codes that not only gave me free delivery but also an extra 10% off resulting in 10 new pairs of knickers at only 72p each. My friend has also sourced me a bargain £5 swimsuit from Decathalon, as I want to get back into swimming to aide the recovery of my leg.