Managing money as an international student can be one of the most stressful parts of studying abroad. From rent to groceries to the occasional coffee catch-up, costs can add up quickly, especially if you're hoping to save up some money to catch a flight home for the holidays. But with a few smart habits and the right tools, it’s totally possible to manage your finances and still enjoy student life.
Understand your costs
Before you even land in the UK, it’s worth mapping out your expected monthly expenses — rent, utility bills, groceries, transport, course materials, and personal spending. As an international student, accommodation tends to be the biggest cost, so choosing student housing that suits your budget is key. Online tools like Accommodation for Students can help you compare price ranges in different areas.
Plus, don’t forget to factor in one-off expenses like a visa, flight tickets, or initial home essentials (like bedding or kitchenware).
Look into student loans (if available)
Most UK student loans are for home students only, but some countries offer international student loans for studying abroad — check if your home government or a private provider offers these.
If you’re self-funded, it’s important to plan ahead and divide your total annual budget across the year. Set limits for each month, and stick to them but also (if you can) try to set up an 'emergency fund' in case you need a little extra to cover something important.
Explore bursaries and scholarships
Many UK universities offer academic bursaries and scholarships for international students — often based on academic merit, financial need, or specific nationalities.
Start by checking your university’s official website or contacting the international office. Some scholarships cover full tuition, while others offer a few hundred pounds towards living costs.
Open a UK bank account
A local bank account makes managing your money much easier. Most UK banks offer student accounts with free ATM withdrawals and online banking. Some even provide perks like railcards or budgeting tools.
Bring your passport, visa, proof of address, and student status when applying — and book an appointment early, as slots fill up quickly during Freshers’ Week.
Use budgeting tools
Apps like Monzo, Revolut, or Emma help you track spending and set monthly limits. Some allow you to create “pots” for different categories — rent, food, travel — which makes budgeting feel less overwhelming.
Even keeping a simple spreadsheet of your income and outgoings can make a big difference.
Make the most of student discounts
Don’t forget your student status!
Websites like UNiDAYS, Student Beans, and Totum offer discounts on everything from fashion to food delivery. Every pound saved helps stretch your budget further.
Be proactive
Managing your finances as an international student may feel intimidating at first, but it gets easier with time. Be proactive, seek out support, and don’t be afraid to ask questions — universities often have financial advisers to help.
With the right mindset and tools, you can make the most of your money and your university experience.
