How to make your first loan instalment last

17 Aug 2020
By Jennifer H., Student at University of Portsmouth

Getting your first student loan payment can make you feel like a millionaire overnight and, chances are, you’ve never had this much disposable income before.

It’s very tempting to spend it all at once, but if you’re not careful, by week four you’ll be living off ramen and dust. I am by no means a money expert like my idol Martin Lewis, but between him and my own mistakes, I’ve picked up a trick or two.

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I’m a first-year English literature student at the University of Portsmouth.