Managing Money As A Student

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[{"type":"txt","id":"rich_1499514522851","data":"Managing finances is probably on every International Indian Student\u2019s top 5 problems list. When it comes to funding one\u2019s foreign studies ambition, most graduates usually opt for a student loan or get funded by their parents. It is very rare to see someone who\u2019s self-sufficient in paying their tuition fee or have be so rich that they spend money on the fly. <\/p>Most student loans might help with tuition fee but personal expenses are usually not covered. When I say personal expenditure, I\u2019m referring to your monthly rent for housing, groceries, travel expenses, school supplies and the list virtually never ends. But for most of the common commodities, one could follow a couple of tricks and tips to save that dollar, and trust me it\u2019s worth more than you think. Lets start out with the most common and probably infinitely unavoidable,  <\/p> <\/p>1.\tGroceries<\/b> <\/p>We all gotta eat. And eating needs food, and food costs money. Groceries in general will cost a bit depending on your eating habits and food choices. One easy and proven piece of advice is buying from the local farmer\u2019s markets. Most college campuses have in-situ farmer\u2019s market, which are student-friendly, relatively inexpensive and is fresh produce. By not buying exotic cross-country veggies or meats, you\u2019ll probably avoid serious preservatives too. <\/p> <\/p>2.\tOutside food<\/b> <\/p>Now that we\u2019ve established buying your own produce and cooking is good, it\u2019s also important to know that eating out will sometimes seem a good option. And it is, cooking your own food daily is backbreaking. But eating out doesn\u2019t mean it must be expensive. Go around your neighborhood, find cheap alternatives in a good pizza joint, kebabs or other small town cuisines instead of gourmet foods.<\/p>"},{"type":"img","id":"img-uid-1499549825108","data":"596150d8e38b7"},{"type":"txt","id":"rich_1499514585809","data":"3.\tHousing<\/b> <\/p>This is another feather from the unavoidable hat, living conditions and costs of living vary in each state, but in and around the college campuses, there will be affordable housing which encourage rent sharing. If even that seems a bit too over the top, housing away from the campus will often be cheaper, but one must account for transportation and connectivity. <\/p> <\/p>4.\tElectricity, Laundry and Internet<\/b> <\/p>Every home needs these, laundry will not be very expensive in most cases, just be sure to do it every week on a scheduled day so that your life becomes easier to organize. Conserve electricity to the extent that you start resembling your parents. Internet is a must, and no one would be content with a \u2018decent internet\u2019, just make sure you get a subscription from a recognized ISP and not a shady backroom. <\/p> <\/p>5.\tSchool Supplies<\/b> <\/p>Buy textbooks as late as possible, because not all courses would require them. Most professors or lecturers give out print out of slides, so buy them if needs must. Even then borrowing from the library should save you some cash. The only and most important stationery would be highlighters, pencils and empty books.<\/p> <\/p>6.\tTransportation<\/b> <\/p>If you\u2019re living far away from the campus, travelling and gas costs will hurt the pocket. Try avoiding commuting alone or buying a vehicle when you can live without it. Carpools and sharing cabs with someone will always come in handy. <\/p>"},{"type":"img","id":"img-uid-1499549829872","data":"596150ee3a129"},{"type":"txt","id":"rich_1499514663083","data":"7. Movies and Entertainment<\/b><\/p>Another part of the social life that you\u2019ll have to keep tabs on. It is a good refreshment from the routine pains of the week. But don\u2019t spend too much to catch a film. <\/p> <\/p>8. Mobile Services<\/b><\/p>Mobile carrier services have some family plans where calls and internet charges are discounted, so if you have friends or family living in the area, ask them if you can join their plan circle. If they don\u2019t have one run it by some of your friends if you\u2019re confident of fulfilling the terms and conditions of the deal. <\/p> <\/p>Make a monthly budget which covers all the above listed items, leave a little amount as miscellaneous expenditure and stick religiously to what you've allocated for each section. If you break the budget in consecutive months for something, you might want to reconsider the math. Higher education for most people is the first time they handle their own money, it could set a good example for the years to come in terms of living by yourself. So plan, execute and harvest the rewards of being organised.    <\/p>"},{"type":"img","id":"img-uid-1499549851234","data":"59615101aa249"}]

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