Saving for Masters

jenna.nostyle

Hi everyone,

I'm currently trying to save enough money to pay for my MA (one year in London, fees are about £4,000, not much chance of getting funding but I'm trying anyway)

Currently in the quest to find enough cash I'm doing the following:

1. Saving £500-£1000 a month (I do however need to check out the pages on which accounts give the best interest)
2. Having a big clear out and ebaying as much as possible (also very useful when it comes to moving)

...apart from that I'm stuck. My living costs are very low and I'm looking for ideas.

Any tips/links to threads that I've missed would be much appreciated.

Thanks,

Jen x

Money_saving_Martyn

Hi

When are you planning to start your Masters? If you're saving £1000 per month...... untill September/October you'll have plenty.

Work lots, stick it all in the best paying savings account and gerenally be a good money saver.

Don't give up on trying for funding. There are companies that would pay your course fees if you sign up to work for them afterwards, or let you study and work and take the course part time.

Which course is it that you're planning to do, and when?

slowlyfading

If you're saving £1000 a month til September, you'll be well set as well as ebaying and cashback sites, try to budget well and stick to it. Do a spending diary to see where your money is going and see if you cut back or whatever. But remember to have fun as well sometimes Look into the funding, there are many places where funding is possible, even when people dont realise it. Hunt around
nicola x

bobbie78

Have a play with this savings calculator put in the cost of the fees then an interest rate (icici is 5.65 right now but you'd loose some of that to tax if your employed, lloyds are doing an 8% but I don't know the details i'm not a saving expert by any means). Anyway have a play with that then you can see either how much you need to save per month and what interest you'd make if you are good an don't touch it.

docij

Do you have to do the masters full time?

Some unis offer part time courses for a third of the cost of full time ones. They take twice as long but it means you can work part time while studying.

Money_saving_Martyn

docij wrote:

Do you have to do the masters full time?

Some unis offer part time courses for a third of the cost of full time ones. They take twice as long but it means you can work part time while studying.

.....And if "full time" is the same as an undergraduate degree (39 hours per week including expected private study) there's still a bit of time for part time work.

[Deleted User]

haha, part time work on a full time masters... right