Budgeting as a Student: Tips from the Finance Office
Real talk: how to make your money last and still enjoy student life at BPSH.
Let’s be honest—student life is expensive. Between late-night snacks, data bundles, toothpaste, and trying to look cute on a budget... it adds up fast. Whether you’re funded by NSFAS, getting help from home, or hustling with a side gig, managing your money is a skill that’ll save you stress and set you up for success.
We chatted with the BPSH finance team (aka the people who know where all the money goes), and here’s what they had to say:
1. Know What’s Coming In
Before you can budget, you need to know what you're working with. List every source of income—your NSFAS allowance, bursary payments, pocket money, part-time job... everything.
2. Break It Down
Now take that amount and divide it into categories. Essentials like food, transport, toiletries, and data first. Then extras like takeaways, new clothes, or that monthly Netflix subscription.
It’s not about being perfect. It’s about having a plan so you don’t hit zero by the 12th of the month.
3. Cook. It. Up.
Takeaways are tempting. But buying food every day is a budget killer. Use your kitchenette. Cook with roommates. Bulk-buy essentials.
🍲 “We take turns cooking—one night it’s pasta, another night someone makes stew. We save cash and eat lekker!” — A second-year BPSH resident
4. Ask Yourself: Do I Need This?
Before you swipe that card, stop and ask: is this a need or a want? You don’t have to say no to everything—but learning to wait a day or two before impulse spending can seriously save you in the long run.
5. Use an App (or Notes App!)
Budgeting apps are cool, but even your phone’s Notes or a simple spreadsheet works. Track what you spend. You’ll be shocked how fast R30 here and R50 there disappears.
6. Always Save a Little
R100 might not sound like a lot, but it helps when you need it most. Whether it’s replacing a lost keycard, buying meds, or catching an Uber—having even a small emergency stash is gold.
7. If You’re Struggling, Speak Up
Seriously—don’t wait until things are falling apart. If you’re overwhelmed, come talk to us at the finance office. We’re not here to judge—we’re here to help you figure it out.
Final Thoughts
Budgeting isn’t about being stingy—it’s about being smart. When you know where your money’s going, you feel more in control, less stressed, and better prepared to live your best student life.
And hey, we’re here if you need us.
