Smart Budgeting Tips for International Students in Canada
International students are anxious to immigrate to Canada to pursue further studies. However, they have to accept that studying overseas is expensive and unreasonable, and comes with its own set of financial challenges. Every student looks forward to studying at the top education institution or university, along with managing their expenses. Visa for Nation provides smart budgeting tips for international students in Canada.
Visa for Nation is the best study abroad consultant who has helped thousands of students settle in the Land of Maple Leaf. You can connect with us to start your academic and educational journey.
What are the tips for international students in Canada?
Don’t get your tinsel in a tangle. The process of managing a budget in Canada involves several ways:
The first step is to write each thing on a notepad. It includes;
- Your income sources and expense list-With the assistance of a study abroad consultant, write down your budget and outline the expenses that you will spend in a month, including your tuition fees, accommodation, transportation, food, and other essential costs.
- Build strategies to save money-Once you list down your outlays, try to spend less or not on unnecessary things that usually won’t be useful.
- Monitor your income and outlays-Study visa counselors can guide you on where and not to spend your investment. So, monitor your outlays and try not to do it again.
- Cost of living-It’s worth a shot if you research the cost of living with the study-abroad agents in different Canadian cities. Local areas cost less, which can help you with budget planning.
- Part-time work-Several international students are eligible to work part-time in Canada. With the guidance of study visa counselors, you can seek it out. Part-time jobs provide extra income to support your expenses.
- Emergency fund-You never know when you need an emergency fund. So, with the guidance of a study abroad consultant, always set aside a portion of your income for unexpected consequences.
- Stay informed about Scholarships-Getting a scholarship is not an easy task. However, you can obtain it with the guidance of a study visa consultant at your desired university, which will ease the tuition burden.
- Use public transportation-Once you reach your destination, use public vehicles to explore around the country. It will save you a lot of money in comparison to owning a car.
Benefits for international students in Canada
There are several advantages an international student can utilize while studying in Canada. The Land of Maple Leaf is renowned for its high quality of life and education. However, the pros of studying in Canada are:
- Canada’s education is affordable and accessible to each individual. However, the fee can differ depending on the course students choose
- More than 20 universities ranked in the QS University World Ranking
- The Land of Maple Leaf is a reasonable-priced country to live in
- International students have the advantage of balancing their part-time work with their studies, which is an extra income source
- Student safety is one of the top priorities when a scholar travels far from their native countries to another just to pursue further education
- Foreign scholars have a diverse range of employment opportunities. A permit called a post-graduate work permit (PGWP) in Canada allows students to work for up to 3 years after pursuing their studies
How Visa for Nation will help you?
Visa for Nation is the best study abroad consultants who ensures each international student reaches his destination without any worry. We offer top-class services to scholars that make their visa process hassle-free. Our study visa counselors assist students in selecting the best courses and programs as per their requirements and interests.
Scholars can avail of free counseling on their desired country visa and tips for managing their budget. From start to end, Visa for Nation offers visa and documentation assistance to students during the application submission.
Get in touch with Visa for Nation for smart budgeting tips for international students in Canada.
Frequently Asked Questions (FAQ)
The first step to managing expenses is to set a monthly budget, including accommodation, transportation, groceries, healthcare, and so on. However, students must keep in mind that these costs can fluctuate over time.
It depends on the number of students immigrating to Canada. The amount per student is around $20,635 (INR 18,00,000).
Managing a budget in a foreign country can be a difficult task. However, there are several ways to manage it, such as not spending unnecessarily, sharing living expenses with roommates, using public transport, etcetera.