By Alastair Geddes Student

Student Alastair Geddes says it is important to keep track of finances

My brother was at university before me, so my parents had a better idea of what to expect when I started.

I worried when I came to Sussex University that I might end up in big debt.

But the advice they gave me has been a lot more accurate than I had expected. I thought they would under-estimate, as most parents do.

They were helpful, in drawing up a plan for me.

Weekly income �103 from parents

Having a budget has given me something to stick to.

I don't spend outrageous amounts, but if I go over, I try to get back to normal the next week.

There are lots of costs I never had to deal with before, such as food and laundry, but you can't just forget about them.

Weekly outgoings Food - �30 Stationery and materials - �5 Bus and train - �5 Laundry - �3 Travelling home - �5 Socialising - �20 Books - �10 Clothes - �5 Club memberships - �2 Total = �87

I'm lucky that my parents have been able to pay my tuition fees and accommodation costs, so I've not had to take out big loans.

I use a computer spreadsheet to help me calculate my costs.

Also, the university provides a lot of financial advice, if we need it.

They really encourage you to talk to advisers if you are in trouble.

I'm not saying I won't graduate with a debt, but with a bit of self-restraint and control, I seem to be doing OK at the moment.

It's not about being a saint. I try to keep the expenditure on food down to about �22 a week, so the rest of the �30 can go on beer.

Having a small difference between expense and income will help me cope with a difficult patch.