Studying abroad in Canada is an expensive mission for international students. Since Canada became a hub for students in other countries to come and get a degree, the financial burden has become more glaring.
The combined cost of tuition, accommodation, food and transportation can make you worried all day long. Getting a scholarship to study in Canada can offset tuition fees. You could also employ these tips to overcome your daily financial struggles.
#1. Prepare a budget
Pretty old-fashioned, but you need a budget to manage your finances in this new country. A budget helps you determine your income and expenditure while setting aside money for emergencies.
Making a budget will enable you to reduce unnecessary spending and focus on what’s really important. Since your money is limited, it allows you to make wise financial decisions as an international student in Canada.
#2. Look for scholarships
This is a tip in plain sight. If you plan to study in Canada, you should check out scholarships from Canadian universities. They offer financial aid, grants, and bursaries to international students.
Start by researching the scholarships available for you and your preferred course of study. Then apply, and look out for post-application notifications.
#3. Consider part-time work
As an international student in Canada, there’s a provision for you to work and study at the same time. Working part-time is one way to increase your income and gather work experience.
Many Canadian universities often have job opportunities for students on campus. So, take advantage of these opportunities to supplement your earnings. You shouldn’t exceed the maximum hours you’re allowed to work.
#4. Cut down expenses
If you look closely, there are ways to cut food, transportation, and entertainment costs. You can get a bicycle to cycle to school every morning. You can also insist on homemade meals rather than eating at a restaurant.
Look out for free/discounted services in your community and leverage them. Student discounts are popular, and you don’t need to spend so much on concert tickets.
#5. Seek financial advice
It will be challenging to manage your money as a student. But with expert help, it’s possible to surmount these financial struggles.
Canadian universities have financial advisors that can provide professional guidance on finance management. Schedule an appointment with your school’s financial advisor and gain valuable advice.
I think having a well-planned budget is a very underrated tip to surviving in a country like Canada. Great piece as usual.