Given the constraints on funding for postgrads, financial wellbeing feel a million miles away!

So, knowing how hard financial management can be, here are some tips that I recommend as a postgraduate and Community Assistant at the Graduate School.

1. Utilise being able to access a student bank account.

This is vital as most banks offer 0% overdrafts and added bonuses such as free railcards for students. The tops picks for student bank account provided for 2025 are NatWest and Santander. As well as your student account, it should be noted that also having a savings account is a good stepping point to financial health. Saving a small portion can provide you with what you need to support yourself on a “rainy day”. There are a few options for saving accounts, but some offer better benefits. For example, Instant Access ISAs are tax free and you can withdraw the money whenever you like.

2. Access support from the university.

QUB offers vast assistance within money management. For example, SU Advice can help if you have any serious concerns. We also have access to Black Bullion, a financial tool that is designed for student budgeting! Alternatively, you can use a spreadsheet on excel.

3. The 50/30/20 rule.

When budgeting it is useful to adapt the 50/30/20 rule. This spreads your income and allows you to be the best version of you! Therefore, your income is spilt 50% on needs, 30% on wants and 20% on savings. This allows you to enjoy the freedom of student life and still cover the bills.

4. Take advantage of student discounts.

Throughout my time at QUB, I have made great use of student discounts. This is the best way to make all kinds of purchases. From Deliveroo to purchasing designer brands at a fraction of the price. The best apps to download to access student discounts are Student Beans and UniDays.

5. Keep an eye out for work and financial support opportunities.

The university has more scholarships than you may think and to access them all you must do is apply. Why not put yourself out there and see what could be on offer to you? If scholarships aren’t within your remit, working is always a good way to make money. Side hustles are fundamental when gaining funds as a student. Many individuals take on part time jobs to have extra financial freedom, but the key is balancing work with your studies to avoid burnout. For QUB students we have the option of working as a casual worker for the university through Q Work. Q Work posts jobs on their website that can be accessed through MyFuture and as a student you can work on a casual basis. This can be anything from bar staff in the SU or assisting with graduation ceremonies! It looks amazing on your CV and provides you with flexibility that traditional student jobs lack.

Finally, don’t forget to apply for next year’s student loans or any other paperwork, like your tuition fees. If you leave this to last minute, it can be very stressful when starting a new academic year. Start your next academic year off strong and be organized before your start date!

If you're feeling stressed or worried about your budget or financial health, don't hesitate to reach out to friends, family, or QUB staff for advice and guidance—they’re there to support you and to give you the tools to make the most of your university experience.