Dealing with financial issues as an international student can be difficult. But with a little preparation and expertise, you will have enough cash for utilities and other expenses, as well as regular self-rewards.
Weekly budgeting: Create a monthly spending plan and then check it every week. Calculate the monthly amount of your spending, then base your budget on that amount. This makes it easier for you to monitor your spending and guarantees that you have enough money.
Prioritize expenses: Consider if you would want to take a music class or get a new pair of shoes. This can help you in setting priorities for your spending patterns.
Select Accommodation wisely: Compare the cost of travel and the cost of rent when searching for a place to stay. Rent may be a little expensive if you live closer to the university, but you’ll save money and time on the drive.
Spend as little as possible: Give yourself a few luxuries, but try to limit them. For example, you can enjoy life without going over budget if you allow yourself one or two spending per week.
Free or Low-cost Activities: Many free or inexpensive activities are available in big cities. To find out what events are happening in your area, check with student organizations, neighborhood Facebook groups, or even your local gym.
Learn to prepare meals: Why not? Make use of your “eating-out” allowance to purchase new ingredients for cooking at home. Believe us, this will help you save between 30% and 50% of your food budget.
