How to Create a Budget for Overseas Education in UK?Posted by idpmalaysia on October 16th, 2017 When it comes to overseas education UK, creating a budget is the one of the crucial elements since higher education is quite expensive in United Kingdom. Let’s take a look on how to create a financial plan for your stay in UK. 1.Get the tool Using a pen and paper or an excel sheet will be the best way to kickstart the financial planning. List out all the expenses you think will occur while you live and study in UK. Do not forget that there will be certain things for which you will pay in your home country so include them as well. 2.Categorise your expenses Organization is the key word here. Create categories for each expense. Check out the examples: •Accommodation Day to Day •Food These examples should help you to think of all possible expenses that will occur, even the ones you think are not important and divide them in to daily, weekly and monthly. For example – Groceries can be done weekly and eating out can be done monthly. Put everything under these three categories and think what all you things can you exclude. 3.Add everything Add up every item present on your list and come to an approximate cost. The list could be pretty long and don’t let that make you afraid. After adding everything, try come to come up with a weekly or monthly figure. That will make things more clear. 4.Cut Back Here comes the most important thing. Cut back. Now when you have an approximate total expense, try to exclude those things which you think you would not need in United Kingdom. Make notes where you strike off an item and list the reason so that while you are shopping, you do not buy that item. •Don’t buy magazines or the newspapers when you have the online version! It will save nit just your money but also the invaluable trees. Do your bit to the environment. •Learn haircutting. Haircutting is not easy thing o pocket so get some clippers and cut your hair. This is a tip especially for guys. Girls, you have no choice but a beauty salon. •Are you party animal and can’t give up your party ways? Well, then check out those places which are especially mean for students. They are cheaper when compared with other night out places. •We understand that cold in UK can freeze your brain but still we suggest you to tamp down the heat. Save money and save fuel. So all the UK aspirants out there, these are some tips for you to plan your budget and have a comfortable stay in UK! All the best! Like it? Share it! More by this author |