Although studying in UK is a worthwhile experience, it is also expensive because they have one of the strongest currencies in the world today. Knowing how to budget and handle money while still taking advantage of the country is among the most crucial aspects of studying there.
If you are planning to study there it is important that you take note of the cost of studying in UK for Indian students. Continue reading as we provide tips.
1. Benefit from student discounts
The good news is that you can save money on nearly everything, from fares and books to movie tickets, thanks to the student discount, which is a crucial component of surviving on a tight budget in the UK.
In most cases, requesting a discount at stores, cafes, and restaurants only requires presenting your student ID card or library card. Students don’t have to purchase discount cards, although doing so offers greater or more discounts, including online.
You still have to pay for everything, so resist the urge to buy the stuff you don’t need simply because it’s less expensive.
2. Haggle on rent
The cost of living is undoubtedly the biggest burden for students. The cost of rent varies based on the area of the UK you reside in and the type of lodging you choose, but it’s always a hefty sum over the course of a year.
If your landlord is charging above the usual price for your accommodations, you will have some leverage with which to bargain. Even if they reject you, your information will enable you to obtain the best deal for your money.
Another excellent time to bargain for a discount is when your lease is due for renewal. It can be beneficial for your landlord to encourage you to stay if you have been a trustworthy and tidy tenant.
3. Review your bills frequently
You will be responsible for setting up and paying for your own electricity, water, internet, and any other expenses that make you comfortable and happy at home unless your rent includes all utilities. Even if having “all-inclusive” rent could appear to be a huge timesaver, organizing your own finances allows you to always look for and switch to cheaper deals.
It is important that you keep track of your expenses to know where they are spent most and least. This way, you can streamline which expenses you should lessen spending.
4. Find less expensive options
The majority of UK supermarkets offer their own versions of well-known products, including pots and pans and frozen meals. But if you search for the store’s “value” or “basic” selections, these are frequently far less expensive than premium brands. Although they can cost much less as a result of the plain packaging, they are sometimes just as nice as the premium ones.
Discover when your store offers discounts on the items it needs to dispose of. In some supermarkets, there are designated days for stock clearance. Next, plan your shopping spree to take advantage of promotions.
5. Set a reasonable budget
When you study abroad, it is imperative that you first establish a realistic budget. You should be aware that you cannot live on £100 a month, but you still have to create a reasonable budget with the key factors in mind. These are the things that you should take into account.
Rent payment: You will either be residing in student housing or living in an apartment. Include this fixed sum in your monthly spending plan.
Bills: You won’t have to worry about bills if you live in a student residence. Aim to include the true projected bill expenses in your monthly spending if you have a different accommodation.
Groceries: Regardless of whether you prepare your meals or not, you will need certain items in your home. List down all the essentials, from breakfast items, and hygiene stuff, to personal picks.
Travel: On the weekends and occasionally also during the workweek, you may spend time with your pals or even alone. Consider figuring out how many times you are scheduled to go each month. This way, you can add this to your budget.
6. Try shared cooking
Together with your roommates, you can go grocery shopping, organize, and prepare meals. Food can be prepared in bulk and frozen. You can even arrange your meals to save energy and time.
This is an efficient way to get into your regular task quickly. Cut down the time of cooking and allot it to other activities. Communal cooking is also a great way to spend minimal cost because you have others to divide expenses.
7. Shop cheaply
You may control your purchasing by buying used textbooks from publications, shopping at thrift stores where you can haggle, and shopping online to save time and earn discounts. You can save money by shopping around seasonal bargains and stock clearing.
The living expenses in the UK for Indian students mainly vary on your purchases. Learn more ways how you can adapt to the UK as a student. Browse through MSM Unify.
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