Tips for International Students Living on a Budget

School life is over and you are ready to move away from home to pursue higher studies. You for sure will consider many cities and if you happened to attend an international education fair in Mumbai you will be excited to study there due to umpteen opportunities available. Mumbai is the business capital of the country and opens a new world for students. However, life in the city is very different and when you stay as a student you need to manage in a budget. There is lots to do you will have limited resources.

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Some tips to follow when you stay as an international student and must manage in a budget are:

Budgeting for the First Time

Mostly students who step out of home for the first time have very basic knowledge on how to handle money. It is usually seen that you will remember to cater to the big expenses but what is often ignored are the small expenditures which are done daily. These tend to add up to a big amount, and they are something which are essential. Thus, you should record all your daily expenses as this will assist in tracking the expenses.

Know your Priority

Mumbai is a city where there is a lot to do and these all can be tempting and controlling expenses can be an issue. You should first list down all the things you want to do in the order in which you want to do them. Here, you will find that some of the things have automatically been ignored. Your experience in college will not be affected if you have not visited all restaurants and clubs in the city.

Deals and Discounts

There are many places where you can student discounts. Also there are many websites which run deals and discounts for various activities in the city. For your daily needs also, you can avail of good deals offered by supermarkets and hypermarkets. Keeping an eye for deals will not only help you save money but you will also be able to do much more in the limited resources that you have.

Part Time Work

There are many job opportunities available for students these days where they can work after college hours and earn some pocket money. These jobs not only supplement your income but also give a lot of experience. Learning from these jobs and the extra income is a great idea. With more money, you can indulge in activities which are difficult otherwise, and your monthly allowance can be used for essential items. When looking for part time jobs, you should not have realistic expectations as you will not earn mega bucks as a fresher and when you have not completed your education.

Must Read: 5 Student Jobs to Fit Around Studying Abroad

When studying abroad and as a fresher, you will definitely have problems managing money. It is important to be wise and spend carefully after planning. Spending on unnecessary things and having no money left for essential items will be difficult. You would have got some basic knowledge if you attended an international education. You should always talk to people you know in the city as they will be able to guide you in a better way. You can know the cheap markets or know about the must do things in the city. This will help you get a better knowledge of the city and also ensure that you can manage things in a better way when it comes to money matters.