Money Skills: help with budgeting
Many students find it difficult to budget because loan and grant payments are made each term, whereas bills are often due monthly or weekly. This can result in money running out towards the end of term. It is important to be financially confident to help manage your personal finances and help build skills which could be needed in your future place of work.
Feeling worried about money can have an impact on your overall wellbeing. Our aim is to support you with any worries you have and help improve your money skills. We can enable you to create your own budget, maximise your income and reduce your spending where possible.
We offer the following:
- A self-assessment tool to help you work out where your money skills are at currently, and how you might aim to improve them
- One to one support appointments for students who have specific areas of money skills they really want to develop
How do I access it?
You can complete our Money Skills Assessment tool on UniHub, which is a brief series of questions to help assess your current skills. Once you have completed the form and clicked the submit button, you will receive an email with some suggested next steps.
If you would like an appointment please contact us via Hallam Help.
Money Worries - Online support
You can access Blackbullion for free using your Sheffield Hallam email address to register.
This is an easy to use learning platform designed for students and includes money skills pathways, bootcamps and budgeting tools. It can help empower you to be money smarter and make sound financial decisions. It teaches essential financial skills and habits that will help you throughout your life.
Personal wellbeing and mental health
If worrying about money is having an impact on your mental health, the Student Wellbeing service provides information and advice to support you.
You can download Martin Lewis’s free guide for everyone struggling with their finances and a mental health problem. It will provide useful resources whether you’re looking for advice for yourself or for someone you care about.
If you need more direct help with your finances, there are a variety of free-to-use advice and support services with many advisers trained to help those with mental health problems. Citizen’s Advice, Stepchange, Christians Against Poverty, National Debtline and Debt Support Trust can all help. You can also find practical advice and support for your mental health and money issues at Mental Health and Money Advice.
Student Union Advice Centre
If you are struggling with debt or need benefits or housing advice please contact the Students' Union Advice Centre.
If you are able to work whilst studying and would like a part time job the Careers and Employability Service can help.