Some survival tips for students who have to deal with life away from home and juggling with a tight budget.

Steps to live on a student budget includes get discounts that you can and avoid mortgage loans with unmanageable.

Student finances

1. Making a budget

To cope with living on the money you have – your student loans and grants, part-time earnings and money from your parents – you need to budget. Try using one of the online calculators offered by the Student Budget UCAS, NatWest, or BrightsideUNIAD. And these tips will help:

• When you socialize, take only the amount of money that are happy to spend rather than plastic cards.

• Flash your student ID card to get all the discounts you can and, if the discount is not available, ask for one.

• Before you spend money on something, ask yourself three questions: Do I really need? Can I afford it? Can I get a lower price? If not, think again.

2. Do not pay taxes

Students are responsible for income tax in the United Kingdom and national insurance contributions (NICs) of their income as everyone else. If you work for an employer during the period, you pay tax on income, if you earn over a certain amount – £ 7475 tax year 2011-12. You will also have to pay NICs if you earn more than £ 139 a week. Both deducted from your wages. But if you’re a full-time student and work only during the holidays and your total income, in less than 7475 pounds personal check, will not have to pay tax through PAYE if you complete a form P38 (S), available through your employer job site for students or tax advice. If you think you pay too much tax, use tax of the students on the site. All grant, in addition to obtaining the maximum grants, scholarships and awards for research is not taxed in order to obtain any or all and still keep the size of a personal check.

3. Reduce phone bills

Review the higher value and pay-as-you-go mobile deals for students are specialized Web sites, including mobilephones4students.co.uk and e4s.co.uk. Also, sign up for skype.com and make free calls to family and friends at home on your computer.

4. Do not get stung by a television license

License is required to watch or record TV programs as they are broadcast live on television, no matter what device you use. One year of color television license currently costs £ 145.50. If you live in a dorm with a license that covers the common areas, not covered by your room. If you live in a private house shared with a co-ownership agreement of the house, you do not need a license. But if you have a separate contract for your room, have your own. You do not need a license to nothing if not watch or record, or if it does viewed online through the demand for services such as BBC iPlayer and 4oD were later released. You may request a refund if your license is still valid for at least three months and no longer needed. For more details see tvlicensing.co.uk.

5. Do not buy home insurance

Do not rush to buy expensive insurance to cover your property regardless of duration. Most insurance companies will cover your belongings in the content “away from the politics of their parents at home for a few kilos or even for free. But it is important that parents contact them to see. The insurance want details of its property, especially valuables such as laptops and keep them. Make sure that the limits of individual elements in the policy of parents are high enough to replace expensive equipment, if loss, theft or damage (a recent study found that students taking up an average of £ 2,652 to the University). Otherwise, you can increase coverage, usually at a cost much cheaper than buying your own policy. If you live in the residence, again check the details of any insurance is included in the rent.

6. Avoid the trap of credit card

Certain debts are worse than others. Student loans are interest-free credit, and difficult to avoid, and all assets that if managed well, can be used without landing themselves in unmanageable repayments during their studies or after graduation. But avoid credit cards and unauthorized overdrafts, which are high interest charges – and absolutely avoid payday loans and lenders from the door, where the astronomical interest rates and the amortization period may be difficult to manage. If you’re struggling with your finances, do not expect that things will escalate. Get free help students quickly financial advisor – and contact information, see the National Association of Student Money Advisers website.