The cost of going to university is more than just tuition fees. Whether it’s your first year or not, it’s important to think about how you’re going to pay for your everyday living costs and have enough left over to enjoy your time as a student.
If things are feeling a little tight this term time, or you just want some extra spending money, a part time job can ease some of the financial pressure.
How a part time job can help balance the books
With their 2017 Student Living Index survey, NatWest took a look into what students really spend on a monthly basis. It turns out that, when you compare the average student loan income to the average rent, students are actually left with a monthly shortfall of £33.60.
Rent is clearly important, but you’re going to need to spend on other things too. According to the index, additional costs, such as food, books, and socialising, amount to an average monthly spend of £264.40 for students.
With this in mind, a detailed knowledge of the costs you’re likely to encounter at university is a powerful tool, and you can use these figures to create a student budget that will help you take control of your finances.
Five tips to get your job hunt started
If you’re still unsure, we’ve got some helpful advice on deciding whether a part time job is right for you. If you do decide to get your job hunt underway, here are some tips to get you started.
1. Tailor your CV
Before you make any application you need a great CV, so avoid spelling and grammar mistakes like the plague. Try making a CV for each job so that you can showcase your most relevant experience.
2. Holiday jobs
It’s easy to think of a student job as something you do after lectures. But part time work during the holidays can provide that much needed injection of cash before your next term, so it’s certainly worth considering.
3. Early bird special
If your term hasn’t started, get your application in early before companies are flooded with CVs. Scope out the kinds of companies and jobs you want and apply before you arrive on campus.
4. University jobs
Working for your university is a smart move. Universities understand that your degree is your priority, and offer flexible jobs that work around student life.
5. Your degree comes first
Whatever job you end up doing, it should only make your time at university easier. In order to be up front and clear with your employer about your schedule you need to work out what you can and can’t do ahead of starting your new job.
This post was contributed by Performics, who write financial articles on behalf of Natwest.