The pie graph illustrates how students spent their money every month while living in the UK in 2016, and the bar graph displays the student’s laboral activities. Overall, the biggest expense for estudents was rent payment, and the most significant funds came from student loan.
The montly spending of students had a disproportionate distribution since paying for accomodation was about half of all economic obligations, with an average cost of 385 sterlines pounds, while the Budget for nourishment and other need was less than a half this amoung. For example; students spent 124 sterline pounds buying food, paying bills and socializing costed similarly, spending 69 and 64 pounds, respectively. Surprinsingly, although students did not have stable jobs or large incomes, they spent a considerable among of money in traveling and other, which was a figure almost equivalent to the budget for groceries.
Regarding the income, 80% claimed that they received financial support from loans mainly and around 70% of them stated that they had economic aid from their families and/or self-financiation from a part time job. In contrast, less than 40% reported to affort their expenses through savings, bank overdraft or scholarships.