1 / 21

MONEY MATTERS

MONEY MATTERS. September 2019. Presentation by: Student Money Service. THE ART OF JUGGLING MONEY. Financial Education at UWE. E- learning Blackbullion. Financial Capability Module UWE Futures Award. Videos Quizzes Competitions Prizes. FREE for UWE students. Over 2700 users.

leroym
Download Presentation

MONEY MATTERS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MONEY MATTERS September 2019 Presentation by: Student Money Service

  2. THEART OF JUGGLING MONEY

  3. Financial Education at UWE E- learning Blackbullion • Financial Capability Module • UWE Futures Award

  4. Videos Quizzes Competitions Prizes • FREE • for UWE students Over 2700 users How to register? Visit Blackbullion and use your UWE Bristol email address to set up an account. • BUDGET CALCULATOR • STUDENT LOAN REPAYMENT CALCULATOR • INVESTMENT • PENSION • CREDIT RATING

  5. Financial Capability Module Twice a year Six hours Part of Futures Awards External speakers Quizzes and prizes £100 Interactive 30 -50 attendees The Financial Capability module won the National Association of Student Money Advisers (NASMA) Financial Capability Engagement Award in June 2018. Had an amazing time, thank you for the engaging sessions! I feel more prepared to deal with my finances now.” • Next module starts on 6th of November and students can book through Infohub

  6. Between £858 -£1050 a month Managing Money Typical student budget expenditure • BUDGET EXTRAS • Please note that the above budget does not include: • socialising/entertainment • travelling to see your family and friends at home • your mobile phone • the cost of securing your accommodation for the next academic year • emergencies • summer costs

  7. “A budget is telling your money where to go instead of wondering where it went” Dave Ramsey CREATING A BUDGET Cash flow

  8. Managing Money Maximising your income Working part-time (if you are allowed to) Minimising Expenditure • Keep a spending diary for a week – look for non-essential expenditure • Share course costs • Keep travel costs down • Keep your food cost down • Claim an exemption from NHS charges – fill in a HC1 form • Claim council tax exemption

  9. £20 - £35 a week Supermarkets Yellow label – discounted items after certain time Loyalty cards – Nectar Card Student discounts

  10. Working in the UK International students - Restrictions on working (check visa) EU, Swiss, EEA students – Right to work Help getting a job: UWE SU Jobshop UWE Careers Service You will be asked for: Proof that you can work in the UK Your National Insurance Number (https://www.gov.uk/apply-national-insurance-number) • UWE ambassador • UWE PAL • SU shops

  11. Working in the UK Your employment rights • Contract • Payslip (showing deductions) • Minimum Pay • Holiday pay • Weekly and daily rest breaks Deductions from pay • Tax & National Insurance • Workplace pension scheme (for some) – can opt out • If you earn more than £12,500 in the tax year, you will pay tax Cash in hand – employers pay you cash so they don’t have to pay tax and NI, it’s illegal

  12. Opening a UK bank account Why? • Using an overseas card to withdraw money may be expensive • Can set up regular payments i.e. for mobile phone • Wages can only be paid into a UK bank account • Tax refunds can only be paid into a UK bank account • Bank stamens required for visa renewal

  13. Types of banks Highstreet • Digital / Chalanger banks

  14. Opening a UK bank account What documents will you need? • Passport with valid student visa (including your BRP) • National photo ID card if EU • Original document with proof of student status and proof of address in the UK and in your home country……The UWE bank letter • Complete on-line bank letter request form with your UK address details and which bank you wish to open an account with • It will be ready within 2 working days • Collect the UWE Bank Letter from an Information Point to then take to the bank

  15. MONEY CANNOT BE A TABOO

  16. Advice & Help The Student Money Service website has comprehensive and up-to-date information where you can find answers to most of your finance related enquiries. How to book seek advice If your question isn't answered by the website, please complete InfoHub enquiry form.

  17. Come and say hello at events! We attend a variety of events happening during the year across the UWE Bristol campuses. You can find our stall at events like the Accommodation Fair, Employers' Fairs, Fresher's Fair, National Student Money Week and Feel Good February. NEXT ACCOMODATION FAIR Tuesday 26th November 2019 12 -3 pm Frenchay campus, SUUWE Bristol

  18. For more information check: Student Money Service Website https://www1.uwe.ac.uk/students/feesandfunding/feesandfundingenquiries.aspx Student Money Service – Managing your money website https://www1.uwe.ac.uk/students/feesandfunding/managingyourmoney.aspx UWE Additional funding and funds https://www1.uwe.ac.uk/students/feesandfunding/fundingandscholarships/financialsupportfromuwe.aspx Financial capability Module https://www1.uwe.ac.uk/students/careersandemployability/careerscoaching/developingyourskills/additionalcourses.aspx#FinancialCapability Blackbullion https://www.blackbullion.com/ NHS Exceptional Support Fund https://www.nhsbsa.nhs.uk/learning-support-fund/exceptional-support-fund

  19. QUIZ https://kahoot.it/

  20. FEEDBACK Google UWE Orientational programme and fill the form to help us improve the sessions 

  21. Thank you

More Related