There is a lot of confusing terms, topics and rules out there and most importantly who is this tax-man taking my money? It was confusing to us at first as well don’t worry, but here’s a quick overview of some of the terms you’re going to be hearing from here on out.
Physical textbooks, writing pads and sketchbooks seem a thing of the past, especially in the modern digital age. Everything you need can be gained for sometimes more than half the original price online, yet so many students pay away a good amount of their student loan to have these necessities.
Did you know that you’re really popular (with banks). They all want your pots of gold, otherwise known as a maintenance loan. After you initially set up with them, they will provide as many useful services as they can and hope that this will bring about a loyalty between the both of you that will keep you with them and you’re (hopefully) growing income.
There are loads of banks to choose from and it can all get a bit confusing but we’re here to help you with all the commotion and confusion.
When it comes to saving, there’s thousands of millions of ways to do it and things you should learn about how to save. As much as we all want to splash out our funds on every party or event we go to, your bank account survives by those savings.
It’s time for a holiday and you need to grab the best deal you can so you can still afford to pay rent when you return home. We’ve all tried to budget on parts of our holiday to make sure we don’t over spend or so we have extra spending cash abroad, but the initial flights can be a big hindrance on that plan.
There are many ways to save but what can maximise your savings is by trying to target as many areas of your daily life to cut back on.
Well firstly, what is that funny word? ISA, Individual Savings Account, is a tax-man free savings account. All income is taxed and that also includes interest on savings, however, as ISA’s are tax free you can keep all your pennies safe from the tax-man (up to £15,240).
Most students have never budgeted before, in fact, we found that only 33% of students have used a budget plan. Make a plan before fresher’s week drains you of everything you have! Don’t know what to budget for? Don’t worry, the PANDA team have you covered! We’ve put together a list of ways we budgeted through university to help you out.
The first step to getting out of debt is to understand it! So in case your uni don’t have that Learning about debt 101 course, check out our helpful tips below.