Given the never-ending surge in expenses, it has almost become a ritual practice for our minds to keep tabs on our budget and have a close eye out for all that we spend on. This does not make us a miser, merely wiser (that rhymed). Anyway, when residing in a city as thriving as Edinburgh which is full of captivating vibrant opportunities, you just go with the flow. Living in a city like that of Edinburgh particularly as you are young with a countless number of attractions to drool over from food to savor and festivities to celebrate. Also keeping in mind the necessary costs that one would incur leading a student life, it seems much vital to have a blueprint of all expenditures to deal with in the foreseeable future. here are few tips for students to have fun in their budget.

The University of Edinburgh

“Accommodation – Undergraduate

The University understands accommodation is very important for students and seeks to provide the best range and standard possible.

There are over 5,500 University owned and managed bed spaces normally available for new undergraduates. These are in convenient locations for the city and cover a range of styles and services to suit most budgets.

Full-time undergraduates living outside the City of Edinburgh are guaranteed an offer of a place in University accommodation for their first year, provided that they accept their offer of admission and submit their accommodation application to Accommodation Services all by the required deadlines.

If you stay in catered accommodation, all based at our Pollock Halls campus, you will receive breakfast and an evening meal each day during the week with brunch and an evening meal at the weekends. If you stay in our self-catered flats or residences, you should expect to spend at least £60 per week on food, although this will vary depending on your tastes and dietary needs.

By way of example, the cost in 2015-16 of renting a single study bedroom in catered accommodation ranges from £174 to £253 per week. A room in self-catered accommodation costs range from £90 and £158 per week. There are a number of lower cost options involving shared rooms.

Our accommodation prices include all utilities, data/internet facilities, personal contents insurance, cleaning provision, while regular, does vary according to the accommodation.”

Budgeting can be a tedious task to perform and undergo particularly when you have an overload of heavy textbooks to peruse and sheets of paperwork to devour. The premise of this website created by an exceptional University is to provide convenience to its users when listing down every bit of expense they must bear in mind. With estimated living costs in entirety, a structure of their tuition fee and rates, bearing in mind even the accommodation costs and catering services, you will be well equipped with all crucial technicalities.

If you still feel dubious and lost as to your planning, the University of Edinburgh has an Advice Place designed particularly for added comfort and serves as guidance to any and all enquiries you might have as to budgeting.

Website:http://www.ed.ac.uk/students/new-students/money/living-costs

Edinburgh University Students’ Association

Winner of The Herald Higher Education Awards and runner-up of the NUS Awards ’16, another immaculately designed platform which offers an opportunity to personally interact with one of the faculty members. If you wish to look more in to saving the cash you have banked and minimizing or even entirely wiping out the debts you might carry, particularly those student loans.

Website: https://www.eusa.ed.ac.uk/support_and_advice/the_advice_place/money_and_funding/money_management/budgeting/

Apps to Get Your Mitts On

Bill Guard: here you can keep track of you spending by type, month and location. Also get free access to your credit score and other identity protection tools like data breach alerts.

Price: Free; $83.88/year to add credit monitoring, identity theft insurance

Links to accounts: Yes

Manual input: No

Available on: iOS, Android

Link: billguard.com

Dollar bird: Add past or future income and expenses to a calendar that calculates the impact on your balance, as well as spending by category.

Price: Free

Links to accounts: No

Manual input: Yes

Available on: iOS, Android

Link: dollarbird.co

Fudget: This no-frills, list interface is best for folks who have a handle on their finances but want a handy space to keep organized. Good for tracking short-term budgets for the holidays, vacation or for tracking work expenses.

Price: Free; $1.99 for no ad version, in app calculator and exports

Links to accounts: No

Manual input: Yes

Available on: iOS, Android

Link: fudget.dconnell.co.uk

Good budget: Recreates envelope budgeting of yesteryear for the digital world. Set a budget for each category and spend from that designated category. When the money run out, stop spending it is simple as that.

Price: Free; $45/year for unlimited categories, five years of history, to sync up to five devices

Links to accounts: No

Manual input: Yes

Available on: iOS, Android

Link: goodbudget.com

Learn Vest: Categorize transactions by expense type, set and track goals and always have a handy net worth calculation on hand.

Price: Free; $19/month (plus start-up fee) to partner with a financial planner

Links to accounts: Yes

Manual input: Yes

Available on: iOS

Link: learnvest.com

“Price is what you pay. Value is what you get.”

Warren Buffett