I just came back from a Uni Dosh session at Wembley High Technology College and I have to say, I wish I had this in my school before I went to university.
Uni Dosh is a programme that teaches potential uni students everything they need to know about money from student loans to rent and supplies. I have to say that when I went to uni I think a lot of the people I met there could have done with a session, especially my friend who spent over £100 on Magic the Gathering cards in one week.
Like me, these Sixth Formers would soon be living independently for the first time, so by practicing the simple things like shopping lists and kitting their uni pad out, they were able to get a sense of outgoings and budgeting.
I thought I was the only one worried….
It was really interesting to hear that a lot of students were scared of moving out because they had to meet new people, I thought I was one of the only ones who was worried about this but it turns out that lots of other people feel like this as well.
They also seemed very shocked that the average student spends £310 on books, I guess I was lucky that I only ever spent about £20 on books in uni, but then again all the art supplies did add up.
The trainer, Hannah shared how she was still paying off her uni debt eight years later which unsettled most of the students but it surprised me as well – the reality it will take years to be truly debt free was sinking in.
The students were also shocked at how low the minimum wage was for 16-17 year olds. There was a lot of shock in this session, shockingly enough.
There were some very um, ‘creative’ ways of earning extra money, some replying that they could sell body parts or resort to crime to get more, and one would spend all of their money in Nando’s and Lidl.
Might work – luckily, MyBnk was there!