How should new students living away from home spend their money without going broke?
Posted date 31/08/2019
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Among the many confusions that new students will encounter when starting an independent life away from home, managing and using monthly living expenses is not a simple problem. In fact, because they do not know how to spend reasonably, many students have pushed themselves into ridiculous situations, even putting their names on huge debts.
Among the many confusions that new students will encounter when starting an independent life away from home, managing and using monthly living expenses is not a simple problem. In fact, because they do not know how to spend reasonably, many students have pushed themselves into ridiculous situations, even putting their names on huge debts.
The article below will help new students plan their spending more reasonably, avoiding the situation of running out of money before the end of the month.
Don't waste money on lodging
For students who live far from home, the cost of renting a house makes up a large part of their monthly living expenses. If you rent a house alone, you will have to pay from 2,000,000 to 3,000,000 VND per month for rent, not including expensive electricity and water (4,000 VND/kWh, 27,000 - 30,000 VND/m3 of water).
The article below will help new students plan their spending more reasonably, avoiding the situation of running out of money before the end of the month.
Don't waste money on lodging
For students who live far from home, the cost of renting a house makes up a large part of their monthly living expenses. If you rent a house alone, you will have to pay from 2,000,000 to 3,000,000 VND per month for rent, not including expensive electricity and water (4,000 VND/kWh, 27,000 - 30,000 VND/m3 of water).

Living in a school dormitory helps new students save significantly on living expenses.
Advice for new students of K13 is not to waste too much money on accommodation. Students studying at campus 1 should register to stay in the school dormitory. With room rental rates ranging from only 300,000 - 400,000 VND/month/person and a commitment to not increase prices during the course, you can save 60% of living expenses.
New students studying at Campus 2 can save on accommodation costs by registering to stay at Hacinco Student Village (Thanh Xuan) – an affiliate of Dai Nam University. Room rental prices here are only from 300,000 - 500,000 VND/month/person, electricity and water are very cheap.
Those who rent outside should choose to rent rooms with reasonable prices, affordable electricity and water, good security, ensuring the most basic living conditions, not too far from school, main roads and bus stations. To save costs, you can share a room with 2-3 people depending on the area to split the room fee. However, you need to find truly trustworthy friends, avoid staying with strangers to avoid misunderstandings, conflicts, fraud...
Cook for yourself
To save money, those who rent a room outside should buy food and cook for themselves. Not only will you be full, ensure nutrition, and food safety, cooking for yourself will also help you take advantage of food sources sent from your hometown and effectively control your monthly food expenses, avoiding the situation of "overspending".

New students should cook for themselves to ensure health and save money.
List the categories that need to be spent in 1 month
This is an extremely necessary task to help you orient your spending in the right direction. List the expenses for the month as specifically as possible, from there distinguish what you need and what is not necessary. Items for studying and living should be fully invested in. Items that are simply temporary hobbies should be thought through carefully before buying. Instead of buying expensive new items such as refrigerators, gas stoves, washing machines, computers, etc., you should buy liquidated items. There are currently many groups exchanging and selling good quality liquidated items, you can refer to them to take advantage of the bargain price.
Minimalist living
New students can completely save on living expenses by living a minimalist life such as walking, cycling, or taking the bus to school; limiting gatherings, eating out, and drinking at expensive restaurants; not following technology; buying enough clothes and shoes; buying used textbooks and documents; making the most of study time in the school library;...
Efforts to win scholarships
Winning scholarships after each semester or school-affiliated scholarship programs will help you have more motivation to study and a decent amount of money to cover living expenses in the capital.
Don't retake the exam or retake the course.
Retaking exams and retaking classes not only affects your learning results and wastes time, but also wastes money. Therefore, never let yourself fall into the situation of retaking exams and retaking classes for K13 freshmen!

Having a suitable part-time job not only helps students be more active but also helps them earn extra money to cover their studies.
Find extra work
Working part-time not only helps you gain useful experiences, but also helps you earn extra income to cover living expenses while studying away from home. However, you need to balance your time properly, studying must still be a top priority...
Thu Hoe
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