For many of us, the university is a great key to freedom, but with freedom, also comes responsibility - and, many have a hard time when it comes to managing their finances.
In addition to tuition fees, there are other costs incurred such as transport fees, food, rent, utilities, internet bills and so on. Here are some of my tips to cope:
- Get help from financial institutions - banks do lend a helping hand in times of need by providing student loans.
- Plan a budget
- Let your friends know you are on a budget to cut unnecessary expenses
- Take up part-time jobs to earn some extra money
- Learn how to prepare your own meals
University is a place of transition from adolescence to adulthood and taking one’s financial situation into control is a great way to start off!