A budget is an effective way of organising your money to see:
Recurring expenses | Weekly travel, food, monthly rent, monthly mobile and internet bills |
Semester, yearly or one-off expenses | Course fees, insurance, etc |
Unexpected costs | Accidents or illness |
Lifestyle choices | Entertainment and savings |
Step 1 | Review the cost of living and cost of study estimates |
Step 2 | Work out your income. Include family allowances, any government support and/or any scholarships |
Step 3 | Keep track of your expenses for several weeks. Divide the costs into categories at the end of the period |
Step 4 | Prepare a spreadsheet and enter your amounts into income and expenses separately. |
Step 5 | Assess your income and expenses. Decided what spending limits each month are workable for you |
Step 6 | 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 |
Step 7 | 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:
| Cost | Details | Frequency |
Application Fee | Fees payable for undertaking a course at Monash University Malaysia campus | Once only |
Registration fee | Once only | |
Tuition fee | Every semester | |
Amenities fee | The cost of services provided to students | Every semester |
Miscellaneous fees | For example academic transcript, student letter, replacement ID card, graduation ceremony | As and when necessary |
Hospitalisation and Surgical Insurance | Compulsory for all International Students | Every year |
Textbooks | You can by these new or second hand | Every semester |
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. | As and when necessary |
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 | As and when necessary |
Library fines and penalties | Fines for overdue or loss of library materials | As and when necessary |
Parking on campus | On campus car park is available at monthly rate or pay-per-entry depending on location | Monthly or daily |
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