University: Where Does The Money Go

Another little item from the ‘Un-Urgent’ folder, another I found quite interesting. This discusses how students actually buy better quality food/items that their parents give them credit for, but as a result they are running out of money quicker.

unii003I know this is half true – I definitely but better food than people would think students eat! Two types of cabbage (at least) reside in my fridge, and I have eaten two ready meals since September 2012. I also don’t drink nearly as much alcohol as the norm, definitely handy for saving money! Here’s the results of the survey;

Top supermarket items parents assume their kids prioritise:
1.     Alcohol
2.     Bread
3.     Milk
4.     Toiletries

But what students are actually buying: 
1.     Meat
2.     Pasta
3.     Cheese
4.     Eggs

Unfortunately, these groceries don’t always come cheap with students admitting that after their budget has blown, a whopping 65% have gone hungry at least once because of poor money management. A third of these students would consider skipping meals altogether just to make their money last.

To be honest, I virtually completely disagree with the last part – I’m not convinced that just eating healthily and avoiding alcohol blows the budget. But I guess this press release is only showing one side of the story!

It got me thinking though, about what do I prioritise? Definitely train fare, as not seeing W makes for a miserable me. After that (and rent obvs!) I’d probably go for decent vegetables, decent bread, pies, pasta, milk, cheese, eggs etc…I like decent quality (free range etc) food if I can help it. But I don’t ever consider going hungry because of budget, I might just eat a little less variety!

This has definitely got my mind going about how we prioritise spending. What are your priorities?

  • Maybe I was the exception but I definitely don’t ever remember having budget issues at university, in fact, I felt I had more disposable income as a student than in my first graduate job! I was neither supported by anyone else or rich, I worked every summer but that was it. Maybe it’s rose tinted nostalgia though!! I do remember that I mostly survived on toasted cheese sandwiches and little else though, maybe that was why.

    • ninegrandstudent

      I think it hugely depends on your loan situation and your university – Canterbury is known for being expensive! I also think I’d have a lot more money if I didn’t travel and see my boyfriend – it is between £30 and £60 just on trains, plus occasionally I’d need taxis too! x

  • Jasey Jade

    I am not a uni student yet but this is so true and I agree!!! I really like this post!
    Jade x

    • ninegrandstudent

      Thanks! x

  • Jennifer K

    This is so interesting! My top priority (after rent/ bills/ travel costs) is probably food – good fruit and vegetables, sauces and flavourings, good quality meat and nice drinks like coffee, herbal teas and fruit juices. I’d also say I prioritised socialising- but rather than buying club night tickets I’d rather spend my money on restaurant dinners, tasty brunches and a good glass of wine in a nice bar. I try to think carefully about the money I spend and not waste it – if I buy good food, I’ll nearly always use every last bit up somehow.

    Jennifer x

    Ginevrella | Lifestyle Blog

    • ninegrandstudent

      I’m very similar to you, food is my priority after other priorities! x

  • Like Lisa, I don’t remember having money issues as a student, I mean I had to work all the holidays and during 6th form (rather than travelling) and I had all the student loans, but I paid my way, went out, partied, drank a lot, and still managed to buy decent food. I wish I still have had the spare cash of my uni days, today it goes on the mortgage, bills and insurance!

    • ninegrandstudent

      It does depend hugely from person to person – I know I have to be hugely careful, but I have friends who end up with loads spare! x

  • Ella Grace

    i loved this post!! im going to college next year 🙂

    • ninegrandstudent

      Oh, good luck! x