They say being a student is one of the most exciting points of your life but they often fail to mention how financially trying it can be especially on your wallet or bank account! Whether you are a local or an international student, life can be hard. If you find yourself in Seoul for your higher studies, you may think that financially you are covered but that may not always be the case. Just like in any other part of the world if you want to survive in Seoul as a student, you need to be smart about it and here are few ways you can do just that.
Find a part time job
You may think you will be able to survive with the allowance from home in Seoul, but South Korea is just as demanding on the pockets as most other parts of the world. To make life easier and more predictable, you can look to find a part time job in Seoul. Use the internet and the local papers to find a suitable job and as long as the location is convenient and the timings work in your favour, it is best to get started on this. Of course, it is not always easy to juggle work while being a full-time student; however hard work always proves to be fruitful and the extra cash will definitely come in handy if you want to treat yourself every now and then. For those living on a tight budget, a part time job or two can really give you that much needed breathing space. Though do check regulations if there is a limit on working hours for foreign students.
Budget your monthly expenses
Create a budget. It is important to budget your monthly expenses and set aside money for all your essentials. It is not enough to mentally record your monthly expenses because if you want it to be effective you need to put it down on paper or digitally on your laptop or phone. Some months your expenses may be higher than others so record them in advance so that you may incorporate it into your monthly budget. The more you set aside money for what is most important the more realistic you will be on ascertaining how much you can spend on entertainment.
Limit your meals at restaurants
Although it may seem like a convenient choice, refrain from eating at restaurants. Even the cheaper restaurants have their mark-up and service charges and it is simply not worth spending that extra amount especially if you can make a quick meal at home. Take ramen for instance. You can purchase it at any grocery store and all you need to do is simply add water to make it your dinner! Additionally, you can also prepare these noodles in bulk so that you can eat it for a couple of days. Of course, do try other options too lest you get sick of ramen!
Find cheap accommodation
Accommodation is one essential that can actually suck up your funds. Sometimes you may not be able to find a suitable place to stay at on a long term basis; in such instances, one option would be to base yourself at a guesthouse or hotel that’s budget-friendly on a temporary basis. For instance, if on the lookout for an affordable Myeongdong hotel, options can be easily found in the city including properties like Travelodge Dongdaemun. It’s always best to do a little homework to make sure you can afford your choice of accommodation. When it comes to a more permanent solution rent has to be very strictly considered. Also, make sure the location you choose is favourable and close to transport services too.
Opt for Public Transport Over Taxis
Taxis are a very expensive mode of getting around Seoul. Whenever possible take the bus or the subway; if it is a short distance use your feet and always try and avoid taxis. You will be surprised at how much you can save by walking and choosing public transport.