Department of Engineering Science

Financial advice

Being a student often requires careful management of your money. It is strongly recommended that you create and follow a budget during your time studying to help you anticipate the amount of money you will be likely to spend, and assist you in avoiding financial difficulties.

How to create a budget

1. Work out your income

List your income over a specific period, for example:

  • The academic year (37 weeks on average).
  • The accounting year (52 weeks).
  • A calendar month (4.33 weeks).
  • A financially difficult time.

2. Work out your expenses

List your anticipated expenses during this time. Ensure you are honest and realistic.

3. Balance your budget

Either increase your income or decrease your expenses.

4. Adjust to your budget

Learn to live within your new budget.

Budget worksheet
Use this worksheet to calculate your income and expenses. (59.4 kB, EXCEL)

Tips on money management is a good budgeting and money management website. It has lots of great tips, budget calculators, articles and resources.

Tertiary bank accounts

Banks offer fee-free tertiary accounts to students. View their websites for more information.


Buy the essential textbooks first. Look for up-to-date editions of second-hand books or share expensive textbooks. Most textbooks are also available for use in the University Library


Carefully plan your insurance for your car and items such as computers, cameras and musical equipment essential to courses. 


A StudentCard gets you great discounts on everyday items like pizzas, DVD rentals and movie tickets, as well as your power bill and gym membership.

Money and flatting

Flatting is usually a lot more expensive than living at home. You'll need to budget very carefully to meet all your expenses.

Create a realistic budget to manage your money, and always allow an amount for any unforeseen expenses.

You can find information and forms for tenants on the Department of Building and Housing website.

Who can I talk to?

If you have any financial queries or concerns, you can contact the Student Information Centre. For queries relating to scholarships, speak with the Scholarships Office.  

Student Information Centre

Room 112
Level 1 (Ground Floor)
The ClockTower
22 Princes Street
City Campus

Phone: 0800 61 62 63
Email: Student Support team

Open: Monday to Friday 8am-6pm


We can help you with:

  • General enquiries
  • Applying
  • Enrolling
  • ID cards
  • Passwords
  • Prospectuses


Scholarships Office

The Scholarships Office administers and provides advice on a wide range of University and externally funded scholarships.

Visit the Scholarships Office website

For all general enquiries:

Scholarships Office
Room 123
The ClockTower
22 Princes Street
City Campus
Phone: +64 9 373 7599 ext 87494
Open: Monday to Friday 8.30am-5pm