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Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money.  If you have a question or need help, you can chat to them here.

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Chat to the Money Advice Service
Monday to Friday, 8am to 6pm
Saturday, 9am to 1pm.

 

Life after Uni – The Graduate Survival Guide

Finally, you’ve made it to graduation! No more exam stress. No more deadlines. And hopefully no more living off beans and ready meals! But as exciting and surreal as it can feel, it’s also quite normal to find the prospect of leaving university pretty daunting.

Research suggests it takes around six months on average for a graduate to land their first full time job – which, let’s face it, can feel like a lifetime when you have no income.

But the best way to avoid any nasty surprises is to plan ahead, starting as soon as possible. That’s why we’ve put together our very own ‘Graduate Survival Guide’ to help you get through the tough times.

Don’t lose your student discount

Just because you’re no longer technically a student, doesn’t mean you have to miss out on great student deals. ‘ has plenty of deals posted on their Facebook page and weekly newsletter available to all graduates. There are also great little tricks that’ll mean you can continue getting a student discount for years to come. Our top tip is to sign up to a three year NUS card just before you graduate! You can thank us later!

Open a graduate bank account 

Whilst some student bank accounts will transfer into graduate accounts automatically after three years, some don’t – and the repercussions of this can involve some hefty charges. Most regular bank accounts don’t offer the luxury of a 0% overdraft like many student accounts do so as soon as your student status changes, you’ll be charged interest on your overdraft. Here’s a list of some of the best graduate bank account deals to get you started. You can also check out our advice on how to choose a bank

Find a temporary part time job

Keeping a part time job not only provides a bit of structure and stability to your finances, but it can also help you build the life skills and potential contacts needed for your next career move. Plus, if your part time job is in a big company, you could consider the chance of moving up into a graduate role.

Assess your living situation

After uni you have a number of options, although everyone’s circumstances will be different. For most graduates, money will be a significant factor. Before agreeing to rent a place, it’s important to work out whether you can afford it and that it’s what you want. If money is a problem, then moving back home could be your safest bet, if that’s an option.

Start saving

Ok, we get it, the concept of saving at the same time as paying off your student overdraft and bills might be pushing it. But it’s definitely worth thinking about if you have spare cash. Just put aside a few quid a week – it all adds up eventually! Start by looking into automatic savings apps, which save tiny bits of cash into a virtual savings pot on your behalf every few days (depending on what it assesses you can afford). You can even earn between 1-5% interest on what you save by referring friends.

Don’t forget to follow us on Instagram, Twitter and Facebook @MoneyforLife for all the latest on money management, saving tips and much more!

Chat

Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money.  If you have a question or need help, you can chat to them here.

Launch Chat

Chat to the Money Advice Service
Monday to Friday, 8am to 6pm
Saturday, 9am to 1pm.