Monthly expenses of full time students (Poly, JC, ITE, undergrad) and advice for saving

Hi! Recently graduated from poly,

i would say my spending was around 500 a month? (just a guess as I only started tracking in my last year of poly)

some hacks would be

-set a fixed budget for spending(food,shopping leisure, transport)

-stop buying drinks/snacks all the time as they really add up

-prevent impulse shopping by waiting 1-2 weeks to see if you still want the item

but personally, I feel like the most important is to go get a part-time job as it will increase your income way more than you can save(let's be honest ah you save a few dollars here and there compared to earning hundreds-thousands), and like others have mentioned here, pay yourself first by saving/ investing a large chunk of your income

ATB!

Save before you spend. i pump the savings to another account that i do not touch and limit myself to my expense account.

Hi Anon

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In my JC days I lived off allowance solely. I was given $40/week & always paid myself $5 first, spent the rest on food & notes. Rarely spent on any discretionary items as I saved an average of $25/month.

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Currently an undergrad awaiting lessons to start, but project my expenses to be ~$340/month? Food is the largest expense ($250), the remaining account for bills & travel costs. This is excludes any discretionary spending I might incuur.

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As for saving tips, you could try not buying drinks, at all. I'm not just talking about bubble tea/Starbucks, I'm talking about the $1-2 Kopi/Teh at coffee shops/hawker centres. Let's say you drink a $2 Kopi every weekday, that amounts to ~$40/month saved. Carry a bottle of water around instead. You don't just save more money, you'll save some of your waistline too.

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Cheers

When I was in university 10 yrs ago

1) Gave tuition 2x/wk = 440$/mth

2) Part time during holidays 2mths/yr = 2800$/yr

3) Food 200$/mth ( I try to eat at home whenever I can)

4) Transport 52$/mth (student concession)

5) Hp Bill 30$/mth

6) Entertainment/ extra purchases $100/mth

Overall I save about 3.5k/yr