How to Plan Your Finances When University Is Starting Soon
Stepping into university marks a crucial milestone in one’s financial journey. There are no fixed timetables, no assigned time slots for recess, and nobody to manage your budget and spending, except yourself. Therefore, it is important to keep a handle on how much money you are spending as a university student. Here is a breakdown of how much a typical university student might spend monthly.
| Expense Type | Amount | Remarks |
|---|
| Accomodation | $400 - $800 | Depends on room type (air-con/non air-con), hostel location and single or double room |
|---|
| Transportation | $40 - $90 | Depends on whether you stay on-campus, or have to travel to school from home everyday |
|---|
| Food | $200 - $450 | Based on an average budget of $10-15 per day for meals at food courts/ hawker centres |
|---|
| Mobile Phone & Internet | $20 - $50 | Depends on mobile packages and data amount |
|---|
| Entertainment | $50 - $300 | Depends on individual lifestyle and spending habits |
|---|
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