For anyone who is living / has lived in London, can I ask generally how much money is needed to get by for a year while studying the SQE?
One of my new years resolutions is to be more financially responsible, and another is to get a TC. I'm also choosing this year to be extremely optimistic and manifest that I do get a TC, which case I will be finishing my degree this year, then GDL year then SQE year.
Where possible I will study in my uni city, or home city. But several of the firms I am in the running for require the SQE to be studied in London, offering grants of 12-18k. Hence my question here. If this is the case I would have say 15k from the firm and I could get the masters loan too if needed for another 12k, putting me at around 27k tax free. How much more would you need to live an alright life in London? I imagine I will finish out this academic year with nothing, but through the GDL I'll keep working and will (hopefully) have a grant, so would probably have a fair bit of money left over, but that gives rise to more questions of whether I can afford to stay in my uni city and rent, having maybe 5k left over, or if i need to move home and save and could potentially have 10-15k left over.
Obviously all hypothetical and getting ahead of myself, but I believe in speaking things into existence haha, and to be fair I really do need to be getting my finances in order now if i have any hope of affording the SQE year should I get a TC.