Being an international student in Australia can be an exciting and rewarding experience, but it’s also important to manage your finances wisely. With the high cost of living in Australia, it’s crucial to find ways to save money and make the most of your budget.
Let’s explore some practical tips to help you save money as an international student in Australia. From budgeting and managing expenses to finding affordable accommodations and taking advantage of student discounts, these tips can help you make your money go further and ensure you have a successful financial journey during your studies.
- Set a budget
A simple and efficient strategy to save money is to make and stick to a budget. You can prevent impulsive spending by budgeting your costs in advance. To get started with budgeting, which will enable you to manage your costs, schedule excursions, and make wise financial decisions, you can look for online or free budgeting tools. It’s an easy but effective method for controlling your expenditure and making savings. - Look for a part-time job
Australia allows undergraduate and postgraduate students on student visas to work part-time during their course period and full-time during their academic breaks. Although you can start working only once you formally start studying, student working hour restrictions have been temporarily modified to meet the manpower shortages in the country. Now, students can work more than 40 hours on a fortnightly basis. This helps students have some extra cash, which comes in handy for day-to-day expenses. - Cheap student accommodation
Looking for affordable accommodation near your college in Australia? Consider checking out student apartments and housing for a convenient and budget-friendly option. By choosing this form of accommodation, you can live close to your university, making it easy to commute. While living in a dorm may seem appealing with its proximity to campus facilities, doing some research and finding a good flat near your school could potentially save you a significant amount of money by living off-campus. After tuition fees, accommodations are likely to be your biggest expense, so exploring cost-effective options like student apartments can be a wise choice. - Save on transport
In Australia, taking public transportation is a dependable and economical way to get around the city. Most universities are either situated on campuses or in urban settings with good access to public transport. Even if you live close to college or in the heart of the city, you might still want to explore the neighbourhood. Instead of relying on Uber, look into weekly or monthly passes, student discounts, or other transportation cost savings options for transportation systems that you may use frequently. In addition to helping, you save money, taking public transport also helps you minimise your carbon footprint and promote sustainable commuting. So, get on that bus, tram, or train and discover the city without breaking the bank! - Take advantage of student discounts
As a student, one of the amazing benefits you get to enjoy is having your very own student ID card. This little piece of plastic is not just a proof of your student status; but it’s also a golden ticket to a world of discounts! With your student ID, you can unlock exclusive savings in retail stores, restaurants, and even cultural institutions. And that’s not all! Tech-savvy students can also take advantage of special discounts from big brands like Apple, Adobe, and Microsoft, making it easier on your wallet to get the latest gadgets and software for your studies. So, make sure to use your student ID wisely and take advantage of these incredible discounts to save big on your favorite products and services. It’s a perk that every student should definitely make th