University can be expensive — and not just because of tuition fees. Here are a number of expenses you need to add to your budget that you may have neglected to consider.
One of the major expenses for university students tends to be books. To save money, purchase secondhand books from other students or rent through a textbook service. If you decide to buy your books, you can also gain back some of your investment by selling them when you’ve finished your classes.
If you live on campus, you may receive a meal plan, but you should be aware that this will be more expensive than purchasing your own food. Plus, even if you do have a meal plan, you’ll have additional food-related expenses, such as for snacks and eating out with friends.
Some student apartments don’t include utilities in the cost of rent. Others include electricity, gas, and water, but landlords expect you to pay for internet services.
You likely want at least some new clothes for university. It could even be a necessity to update your wardrobe if you’re moving somewhere with a different climate.
A decent laptop is essential for every university student. Depending on your major, you may even need a high-range laptop and some other tech equipment.
You’ll have numerous opportunities to join clubs, societies, and other activities at university. Some of these may require membership fees and you may incur additional expenses, such as for purchasing equipment, travel, or insurance.
You may also need to pay for transportation for other purposes. If you live some distance from campus, you may need to pay for public transportation or have your own car, which comes with expenses including fuel, insurance, and parking. You should also think about how you’ll return home and how often.
8. Travel and Study Abroad
You may like to use your breaks to travel farther afield. In addition to flights, you’ll need to pay for accommodation, travel insurance, and other essentials. You could even decide to study abroad for an entire semester. This is becoming an increasingly popular option with students, as it’s a great way to expand your horizons, experience other cultures, and put your language skills into practice.
You’ll need to have an emergency fund for any unexpected expenses — and it’s important not to touch this money unless it’s a true emergency. For instance, you may need to repair your car or return home unexpectedly. Running short of spending money for the month, however, doesn’t count as an emergency.
One thing that doesn’t need to be a huge expense is housing — you just need to search for affordable apartments for rent. North Oshawa students can find high-quality student rentals at a price that fits their budget at Foundry Simcoe. Plus, the rent is all inclusive and the suites fully furnished, including with a washer and dryer. This means you won’t need to pay for utilities, internet, furniture, or laundromat services. Apply now to secure your spot for the move-in day of your choice.