Is this a realistic SOA for starting uni?

RAS

So will you pay 13 lots of rent or 12 lots if you move into the flat, ditto for the other service your use?

Sorry that is not really clear. Are you paying rent and utilites monthly or 4 weekly? And is the amount you put for your loan 4 weekly or monthly?

You need to use one of the other for ALL your calculations.

littlepinkstars44

RAS wrote: »

So will you pay 13 lots of rent or 12 lots if you move into the flat, ditto for the other service your use?

Sorry that is not really clear. Are you paying rent and utilites monthly or 4 weekly? And is the amount you put for your loan 4 weekly or monthly?

You need to use one of the other for ALL your calculations.

Sorry, i'm kinda confused i don't really get what you mean.

My loan and bursary comes in on the 7th of every month, and i get paid from my job every 4 weeks.

RAS

So you get your loan and bursary monthly but get your salary every 4 weeks.

Do you pay rent monthly or 4 weekly?

littlepinkstars44

RAS wrote: »

So you get your loan and bursary monthly but get your salary every 4 weeks.

Do you pay rent monthly or 4 weekly?

I give my mum £150 when i get paid every month

Tixy

If you get paid 4 weekly then you get paid 13 times every year. Do you pay your Mom 13 times a year or £12 times a year i.e. once in Jan, once in Feb etc etc.

This will make a difference for you SOA. You say your pay is £300 but if its £300 every 4 weeks you actually earn £325 on average per month (although looking at the dates of the months only what you will find is that 1 month a year you will get paid twice, once early in the month and once late in the month.

RAS

When you go to university, does you friend expect to be paid the rent every 4 weeks or every month?

littlepinkstars44

ok....really confused now.
I had no idea about any of this!!!!

I know i get paid twice in January, but i don't give my mum 2 lots of money in January.

littlepinkstars44

RAS wrote: »

When you go to university, does you friend expect to be paid the rent every 4 weeks or every month?

I dunno, but if you read a few post up i've decided not to move

RAS

Ahh right sorry missed that bit.

However your creditors expect to be paid monthly?

So it makes sense to pay your mum out of your earnings and to pay your phone and the minimums on your credit debts out of your bursary/loan every month by direct debit.

Then you can pay as much as you can afford your debts. You will effectivley have about £20 per month more to pay towards your debts. that means you can clear all the ones that are charging interest by the end of your studies.

littlepinkstars44

RAS wrote: »

Ahh right sorry missed that bit.

However your creditors expect to be paid monthly?

So it makes sense to pay your mum out of your earnings and to pay your phone and the minimums on your credit debts out of your bursary/loan every month by direct debit.

Then you can pay as much as you can afford your debts. You will effectivley have about £20 per month more to pay towards your debts. that means you can clear all the ones that are charging interest by the end of your studies.

sorry i'm still not really understanding this...monthly is 4 weekly is it not?

I just get statements through the door telling me how much to pay and by when, and generally i can manage to stick to that...so i am asuming thats monthly??