Financial advice for future students

Being a student often requires careful management of your money. Having a budget and sticking to it during your time studying will help.

How to budget

Having a budget is a great first step to managing your money.

1.    Forecast your income for the upcoming year. Look at past bank statements to see what your total income was over a specific period, for example:

  • A calendar month
  • The year
  • The last academic year (37 weeks on average)  

2.    Anticipate your expenses. Be honest and realistic and consider the costs of living in Auckland.

3.    Balance your budget. Make sure you have enough income to account for your expenses.

4.    Stick with it and adjust if necessary. You may find some of your anticipated expenses are more than expected.

Use this worksheet to calculate your income and expenses or the Money Planner from Sorted.



Need help?

AskAuckland has answers to frequently asked questions about fees and money matters.

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Starting University can often mean you have limited time to earn and will have to take on some debt. Check out the video on how you can manage debt without it getting out of control.

Video: Information provided by the Commission for Financial Capability at


Tips on Money Management

  • Consider the long term effect of your investment in education with the StudyLink quiz.
  • Check if you are eligible for any support from Studylink.
  • Research any scholarships that you may be eligible for.
  • Think about getting a part time job that fits in with your study schedule.
  • University offers a wealth of social experiences, remember to allocate funds towards having fun.
  • Check out the Accommodation Solutions Advisory Service for advice and information about on and off-campus living.
  • Buy the essential textbooks first. Look for up-to-date editions of second-hand books or share expensive textbooks. Most textbooks are also available from the University Library
  • Banks offer fee-free tertiary accounts to students. View their websites for more information.
  • Think about how much risk you are willing to take on and carefully plan your insurance for your car and items such as computers, cameras and musical equipment essential to courses.