Managing Your Debt

Coming to University comes with its financial costs. We know that sometimes it is hard to manage money, especially if you have never been financially independent before. Therefore it is important to learn how to budget money so that you do not get into debt. Using tools to help you budget can enable you to make your money last longer, links are included below to some budgeting tools from the University.

When you open your student account it may be the first time you have been offered an overdraft or a credit card. Before taking these out you need to think about whether you can afford to repay them should you run up a debt. What you do now with your finances can impact you in the future. If you are in debt and you need support to manage it please don’t ignore it. Check out the information below where you can get further advice and information.

If you are worried about budgeting or debt, you can:

• Find out more about funding here - https://students.sheffield.ac.uk/money-management/financial-support-forms-guides

• Look at the University webpages on how to manage your money - https://students.sheffield.ac.uk/money-management

• Speak to somebody at the Student Advice Centre - https://students.sheffield.ac.uk/ssid/contacts/advice-centre

You can also look for part-time jobs: visit the Careers and Skills Hub based in the Students’ Union; or have a look at Career Connect, the University’s online portal. You can find out more information online at https://students.sheffield.ac.uk/careers/find. 

Remember, you can always arrange to speak to your Residence Life Mentor or attend the Residence Life Mentor Drop-in.

You can also arrange to speak to a Student Support and Wellbeing Officer at Residence Life via email at residentsupport@sheffield.ac.uk.

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