Managing your funds while studying

As a student, you will need to manage your money carefully. Check out the tips below to help avoid financial difficulties.


Knowing where your money is going is the first step to being money savvy. Check out the video on how to track yours.

Video: Information provided by the Commission for Financial Capability.
More information at

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. Take a look at your expenses. Be honest and realistic when planning for the future.
  3. Balance your budget. Make sure you have enough income to account for your expenses, and if not you don’t, find areas where you can cut down expenses or increase your income.
  4. Stick with it and review regularly.

Use this Budget Worksheet to calculate your income and expenses, or try the Money Planner from Sorted.

Money quiz

Find out your money personality with the Super Money Spendy Quiz!

Every student has their own individual experiences which contribute to their money personality. The quiz will give you suggestions for how to make the most of your money personality – they are not a substitute for advice from a financial advisor.

For free budgeting advice, you can:


Workshops are free for all students and are delivered by SavY student facilitators. Check this page in early 2017 for more details or to have events delivered to your inbox, sign up to What’s On.

Money Week

New Zealand's Money Week is a week-long celebration of financial education activities. In 2016 it will take place from Monday 12 September to Friday 16 September, check back for details or sign up to What’s On.

Managing your money tips