Student wallet – Apply for a loan

Autumn outside the windows reminds students to start a new academic year. This means the end of the lab and the costs. The clash with reality can be brutal and often results in an empty account. Is it possible to survive a month without borrowing? It depends on whether you manage your budget wisely. How to do it?

Maintenance costs

Maintenance costs

Independent living has many advantages: new contacts, independence and freedom. However, let us not succumb to excessive euphoria. Let’s focus on keeping the end of the month out of line.

As calculated by the Polish Bank Association, student maintenance is a minimum of 1,000 – 1,200 USD. Of course, expenses depend on the city, type of university and whether we live with our parents or our own.

And what expenses do you need to prepare for? The largest will be renting an apartment. Depending on the city, the price may vary significantly. We will pay the most for a 2-room flat in the capital, as much as USD 1,800 – 2,500. You will pay less in Good Finance 1200 – 1400 USD. Add to that the deposit, usually equal to one month’s rent. It is cheaper to stay in a dorm, from 300-350 dollars, but there are also those where it is 730 dollars per month. And this is just the beginning of sudden expenses.

Other smaller but equally important fees are

Other smaller but equally important fees are

Transport tickets, food and educational materials. While it is difficult to save on urban transport, it is possible in the other two categories. Statistics show that a large part of the budget “devours” food in the city around 400-500 USD. Solution? Cook at home. An alternative to expensive textbooks will be photocopies, for which you will pay from 0.07 to 0.10 USD per page. Isn’t that easy?

And finally, what can ruin any budget – integration. We spend over 250 USD on entertainment. Mainly going to clubs, alcoholic beverages, the next positions will find a cinema or theater.

Work, scholarship or maybe an online loan?

Work, scholarship or maybe an online loan?

Keep a personal budget in the form of a statement in an Excel spreadsheet. Write down the necessary expenses, e.g. rent and bills, then add up the additional expenses: gym, pool or textbooks. Subtract everything from the amount allocated for this month. Little? So get interested in funding from the university. You can count on a social scholarship or student loan. Unfortunately, this is not a big and quick cash injection.

Therefore, odd jobs such as tutoring or internships are popular. This is not a field for you? Become a freelancer and work from home. Are you creative Work! Create your own start-up. And if you find yourself in an emergency situation, you have a stable source of income and you are at least 21 years old, solve the problem by taking a payday loan on Loan and Credit Loan. There is a very good promotion here: “first loan for free”. Don’t save on education. Even if you have to take a cash loan or payday loan for proof, remember that education is a good investment in the future.

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