Continuous “Steep Inflation” has to go!

Do you know that on average, students spend around 75 per cent of their expenses on food, 12.5 per cent on clothes, and the remaining 12.5 per cent on fuel and other necessities (Malaysia Household Income & Expenditure Survey, 2019).

The increasing national inflation rate has left some students struggling to afford everyday living expenses, requiring them to sacrifice time devoted to themselves and their coursework in hopes of finding financial stability.

Oh, well. A man has got to do what a man has got to do! You have just enrolled in college and started your new semester. Life in tertiary institutions can be expensive and as a student, your budget may be limited.

Even with scholarships, grants and loans, you might still need money for other college related expenses.

To top that off, even with remarkable results, we may not be eligible for most of these. Nothing new under the sun, here.

The last thing you want is for you or your parents to get into a cycle of debt.

Or, for those who have yet to enrol, don’t let this be the reason for you to not further your studies in your tertiary education. Never, friends!

Managing money as a student can be hard but be rest assured that you’re not alone.

Most tertiary and high school students are living on a tight budget. I was too! I was given a certain amount of money once a fortnight, and in case I exceeded those, oopsy daisy, I would have had to pick up the tab.

Being aware of how you manage your money early can definitely prevent you from worrying later.

Well, hey, even your parents and those in the working field now are feeling the heat (and fire) with the whole rise in prices and inflation.

However, the reality of life is that during this period of yours, you’ve got to learn how to manage your time wisely.

I’m sure this is when you want to enjoy life but be aware that you can accelerate your progress in preparation for your life after college and university. Time is money, after all.

Are you a student who enjoy the finer things in life but lack the economic means to support that extravagant lifestyle? It’s okay, let’s get to business and learn ways on how you can graduate without feeling too much of those financial burden while polishing your professional credibility.

Most people tend to make excuses for themselves: “I don’t know where and how to start”. Don’t let this be you.

Initially, the best place to start asking around is to score a scholarship or paid internship spot in your own place of study. Student services and career services should be your first go-to point to ask for placement.

If unsuccessful, some faculties and lecturers might even need help with some tasks that require their supervision and guidance where you will get the experience to learn, and earn both at the same time.

Make some permanent quality connections, students.

It will look great in your resume later. Translating, proofreading, and documenting are basic organisational and management skills needed in the working and business world.

Places nearby will also be good for you if you’re feeling shy to work in your campus. Gaining numerous skills while learning allows you to be able to apply those skills immediately and retain them to last a lifetime.

These will fast-forward your credibility. Just make sure these activities don’t clash with your learning commitment.

Improve on your communication and speaking skills by working at cafes or restaurants, do caterings on the weekends or even work in retail et cetera.

Walk or use public transportations most of the time to save. Vehicle maintenance and fuel can add up quick.

The less you must use your car, the more money you’ll have to focus on your needs.

Plus, it’s good for the environment! I remembered when I was in university, the only time I use my car is when I need to get to places that are not public transport-friendly.

Remember to always buy things using the student price and discounts. In order to save up money and use it for other things, whenever I watch movies, or eat out, I always use my student privilege. Why not benefit from all those wins, right?

Overall, the actual living cost studying in Malaysia per month will largely depend on where you live and how you choose to live. Learn to live a quality fulfilling life.

SYAZUIN SAZALI is a certified English language and soft skills coach. She aims to continuously advocate for progressive growth in education. Linkedin & Instagram: @syazuinsazali, Email: [email protected]