Budgeting for the future!
Calling all undergraduates!
Finishing your degree is a huge milestone, and while your next chapter might feel exciting (and a little scary), getting your finances sorted now will set you up for success.
Whether you’re heading into work or planning postgraduate study, here’s how to become financially future-ready.
Income after graduation
Starting a job? Make sure you know your start date and expected take-home pay. Remember: your first salary might arrive weeks after you begin, so you may need savings or short-term support to cover essentials.
Still job hunting? Temporary or part-time work can help keep money coming in while you apply.
Top tip: Update your CV early and start applications before your course ends.
Accommodation
Check when your student tenancy finishes and plan ahead for deposits and the first month’s rent if you’re moving. Returning home? Factor in travel costs for interviews or commuting.
A little planning now avoids last-minute stress later.
Benefits and support
If you’re job hunting or on a low income, you may be eligible for government support such as Universal Credit. Applications can take time, so apply early if needed.
The University’s Money & Housing Advice team can advise on possible benefits entitlement and the application process.
Budgeting for the real world
Creating a simple monthly budget can be a game-changer. Include:
• Rent and utilities
• Food
• Transport
• Phone and subscriptions
Track your spending for a couple of weeks — you might be surprised where your money goes!
Postgraduate funding – what you need to know
Thinking about a Master’s?
Postgraduate funding works very differently from undergraduate finance.
For example, eligible students in England can apply for a Postgraduate Master’s Loan of up to £13,206 total (for 2026/27 starters) through Student Finance England.
Important points:
- This is one loan for your entire course
- It’s paid directly to you in instalments
- There is no separate maintenance loan
That means this single loan must cover both tuition fees and living costs — so budgeting is essential.
The loan does not automatically cover rent, bills, travel, or course materials. You may want to explore:
• University bursaries or scholarships
• Employer sponsorship
• Charitable trusts
• Disabled Students’ Allowance (if eligible)
Before accepting your place, write a quick budget covering:
• Course fees
• Rent and bills
• Food and transport
• How long your loan needs to last
Build your financial confidence
Now’s a great time to:
• Review your bank account – and if you have a student bank account check what happens to your overdraft (if you have one) once you graduate.
• Start a small emergency fund
• Check your credit report
• Learn about workplace benefits
Tiny steps now = big wins later.
Final thoughts
Being financially future-ready doesn’t mean having everything figured out — it means taking practical steps and asking for support when you need it.
Whether you’re heading into work or further study, planning gives you control, confidence, and peace of mind.
If you’re unsure where to start, speak to a Money Mentor or contact the Money & Housing Advice team – moneyandhousingadvice@law.ac.uk
Good luck — your future starts now!
Momna Akbar
LLB (Hons) student
Money Mentor
