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A budget is an effective way of organising your money to see:
Weekly travel, food, monthly rent, monthly mobile and internet bills
Semester, yearly or one-off expenses
Course fees, insurance, etc
Accidents or illness
Entertainment and savings
Review the cost of living and cost of study estimates
Work out your income. Include family allowances, any government support and/or any scholarships
Keep track of your expenses for several weeks. Divide the costs into categories at the end of the period
Prepare a spreadsheet and enter your amounts into income and expenses separately.
Assess your income and expenses. Decided what spending limits each month are workable for you
Stick to your target spending limits and monitor your progress. If you do not have enough funds, you need to either decrease your spending or increase your income/fund
Revise your budget when your circumstances change
During your time at Monash, you can expect to incur some or all of the following study-related costs:
Fees payable for undertaking a course at Monash University Malaysia campus
The cost of services provided to students
For example academic transcript, student letter, replacement ID card, graduation ceremony
As and when necessary
Hospitalisation and Surgical Insurance
Compulsory for all International Students
You can by these new or second hand
Course or unit related costs
For example laboratory coats, art, technical equipment etc
Once or every semester
Field trips, excursions and placements
Some courses may require you to undertake field trips, excursions or placements. Some of these may require cost from you; e.g., travelling cost.
Photocopying and printing
Photocopying and printing charges will apply. To help get you started, a one-time RM15 credit will be provided to all new students
Library fines and penalties
Fines for overdue or loss of library materials
Parking on campus
On campus car park is available at monthly rate or pay-per-entry depending on location
Monthly or daily