Step 2 - Do Your Research

Check the market carefully and compare deals before choosing a bank account, loan or credit card - and always work out the true cost of borrowing, including fees and penalties. Free gifts aren't as useful as free banking, a sensible overdraft facility and a competitive interest rate. Many banks offer interest-free overdrafts for students.

If you are looking for a loan, your first stop should be the Student Loans Company - the interest rate is low and you will not have to pay money back until you are earning.