photo credits: freedigitalphotos.net Living on a student budget can be stressful so it’s wise to do some financial planning prior to starting a college or university course, whether or not this will be undertaken close to home or abroad. A financial plan does not have to be sophisticated but it does need to be honest about everyday expenditure, and it’s a good idea to build in a few ways in which income can be stretched a little more. Here are some basic tips for watching your budget while studying. Creating a budget Begin with an honest analysis of typical monthly expenditure. Track every single item on a spreadsheet, or in a notebook or smartphone app. From the total available to spend, first set aside funds for the major bills – tuition fees, books, accommodation costs, meal tickets, etc. If there are large amounts to be spent once or twice per year – for example, on travel if studying abroad – make sure to include these. What money is left after these entries rep