Student Debt - and how to get out of it
The majority of students in the UK are in debt. However, there is a huge difference between ‘managed’ debt (for example a student Loan or a student bank account with an interest-free overdraft) and an unmanaged debt (for example unpaid utilities bills, rent, credit card accounts being unpaid and going overdrawn on your normal bank account).
People have problems dealing with spreading out their money and making the most of it. For example if you were to be given 3 months pay at once then the chances are you’d spend it far sooner than you should or would if you were paid per month. UCAS have a very useful budget calculator on their website as shown in the image below which will help you to organise your incoming and outgoing payments.
