It is common for students to live on a budget, but that doesn’t mean you can’t have a great time at university. It is important to learn how to manage your finances wisely and not land yourself in a cycle of debt. Making the right decisions and choices are all part of ‘adulting’.
Budgeting
Make a list of your estimated expenses and plan your budget. Once you have done so, be sure to keep your expenses within budgeted limits. This way, you can enjoy your time at university without overspending. Below are some of the expenses you need to take into consideration whilst preparing your budget:
Cost of Living
Item | Estimated Cost (RM) |
Deposit for rental | From RM1500 |
Monthly rental | From RM500 |
Telephone and internet connection | From RM99 |
Water and electricity | Usually included in the rental |
Food | Around RM7 to RM15 per meal |
Groceries | From RM30 |
Entertainment (movies, concert etc…) | From RM12 |
Air ticket | Visit AirAsia or Malaysia Airlines for the latest fares |
Bus, Light Rail Transit | Visit MYrapid for the latest fares |
Other Additional Costs
Item | Estimated Cost (RM) |
Unexpected costs | Accidents or Illnesses |
Lifestyle choices | Entertainment and luxury items and lifestyle |
All costs listed above are estimated and not actual.