How International Students Can Manage Their Budget While Living In Australia

December 12, 2019

Australia is considered to be one of the best places to study in the world. It is considered as a home to many world-renowned institutions. Also, the Australian population originates from various different kind of cultures that produce an immense diversity in its population. So the Australian people are more adaptive towards people with different norms and cultures. This makes Australia a very friendly place for international students and migrants to live in. All these facts make Australia favourite among the students who want to gain quality education in a very livable environment. The Australian government also provides many different scholarships and grants to talented international students. So if you want a world-class degree from a world-renowned institute then Australia is just the right destination for you.
Living in Australia can entitle you to many facilities it has to offer but it’s not easy to adjust in a new place. The major cities of Australia are equipped with all modern-day amenities but they are also considered to be one of the most expensive cities to live in the world. One has to be very careful about money management when he or she first moved to Australia. In this article, we will be discussing the ways through which one can manage money while studying and living in Australia.

The Migration for your study visa

The Migration is an Australian certified firm working completely under the constitutional limits of Australia. So if you want to study in Australia and get enrolled in one from the thousands of amazing academic programs then don’t wait to get your visa consultancy from The Migration. Our team consisting of best migration agents in Australia can help you with all your queries and questions. So if anything about student visa or living in Australia is confusing you please contact our MARA certified migration agent.

Student visa subclass 500

If you are thinking of getting yourself enrolled in one of the best institutes in Australia in one of many courses it offers to international students then you must have an appropriate visa for that. Student visa subclass 500 is the visa that allows a person to live in Australia and study the course he/she is enrolled in until the completion of the course.

Eligibility for study visa

To be eligible for study visa one must fulfil the following conditions:

  • Should be 6 years of age or more.
  • Must be enrolled in an eligible course
  • If the applicant is less than 18 years old then Guardian arrangements must be made.
  • The applicant must fulfil the English language requirements

What this visa entitles you to

Holding this visa one can:

  • Get enrolled in and study any eligible course in Australia
  • Can work for to 20 hours in a period of 2 weeks period
  • Travel whenever and wherever from Australia.
  • Include family members in this visa

If you want to know more about study visa you can contact our migration agent in Sydney anytime.

How can one manage his/her finances while studying in Australia?

Australia is no doubt a paradise for the students who want to acquire good quality education. But everything comes with a price tag. Living in a new place can bring you many new challenges. When you move to a new place to live you need to get accustomed to all its social aspects. Also adapting the local currency and getting used to the conversion rate might take some time. There are also basic things like taxes, housing, parking, grocery, transport etc. that may cost you more in Australia in comparison with your origin country. All this can cause a real problem, especially for students, as they usually have a limited budget and their finances can get mismanaged. Here we will discuss some ways in which international students can actually manage their budget while living in Australia.

Pen it down

The very initial step of budget management is to write down your weekly or monthly budget. Firstly you have to fix an amount you are intended to spend in a week or a month. Then write down the amount of money from that specific sum you will spend on your daily needs like food, residence, transport, internet and phone etc. Writing it down may seem to be an unnecessary task at first and it actually helps a person to manage his or her money.

Student discounts

Your student ID card gets you entitled to many different discount and privileges. It’s important to know about them so you can avail them and cut the cost of your daily expenses. Students get discounts on public transports that can save a large sum of money for them. Similarly many restaurants, cafes, grocery stores and bookstores etc. also give special discounts to students so never forget to use your student id card to get discounts.

Get a part-time job

An Australian student visa allows a student to work up to 20 hr. in 2 weeks period. So students can work and earn money to support their finances while studying in Australia. But it’s very important to find a part-time job that matches with your study schedule so that you can earn money and also your studies don’t get affected by your work.

Make smart choices

While living in a new country as an international student one has to make wise decisions. Like sharing your residence with someone can save you a large sum of your rent money. Similarly shopping at places that give student discounts can also prove helpful in the money-saving process. Choosing wise phone and internet plans is also necessary. International students must have a thorough research about all these little details before making this basic decision. Managing money in these daily tasks can contribute towards managing your weekly or monthly budget more effectively.

Get a consultation from campus advisers

International students might have some issues related to limited budgets and hoe to manage it. For this very purpose, there are many advisers on campus that can help the students with their budgeting problems and can advise them about many different options and discounts they can avail both on and off-campus.

By following these above ways one can manage his or her finances in a very effective way while studying in Australia. Hopefully, this article was adequate enough to understand basic money managing techniques if you have any further queries about it ask our migration agent in Melbourne.

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This post was written by Idamah Batool

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