Tricks to Save Money While Studying in China
Very relevant for those of you who want to study in China!
When you study in China, there are some money-saving tricks that can help you manage your budget more efficiently.
Of course we will ask, “Where is the money going? How come it’s gone?”
Here are some tips for saving while studying in China:
1. Record Cash Flow
After you finish your day, take time to record your expenses and income. This will make you more aware of how much money you spend in 1 day. You can record these two things in a notebook or spreadsheet.
*guaranteed, your monthly use of money will be more controlled
2. Bring Sufficient Money
Carrying a lot of money when traveling will make you tempted to buy lots of things. Moreover, in China we often use e-wallets, so just bring enough money when traveling, friend.
Avoid apps like Alipay and WeChat Pay, which are very commonly used in China. They make it easy to pay at shops and restaurants.
3. Transportation: Use bus, MRT, bicycle, or walk
China has a good and affordable public transportation system, such as trains, buses and metro. Avoid using taxis every day, unless it is absolutely necessary.
By using the MRT, you only need to spend a few RMB, a minimum of 2RMB to get to your destination. Meanwhile, if you use a taxi you have to spend a minimum of 14 RMB. BTW, don’t forget to top up your card
Other tips
Take Advantage of Student Cards: Student cards usually provide discounts on various necessities, including transportation and food. Make sure you always have your student card with you.
4. Looking for Promos
Choosing products that are currently on promotion can also be our saving strategy. There are always promo products, friends, especially in China! Not only food products, even goods and services do not escape discounts. This method can be done throughout the month. So the remaining unused money can be allocated for other things.
Other tips
China is famous for its large markets that offer a variety of goods at affordable prices. Don’t hesitate to haggle and compare prices before purchasing.
5. Cook by yourself
Take advantage of the kitchen in the dorm!
For those whose campus provides a kitchen, make good use of it!
Apart from ensuring the freshness of the ingredients used for cooking, we can also regulate the amount of oil used when cooking. Cooking yourself is proven to be healthier and more economical than wai mai or eating out.
If you’re really not good at cooking. There are other tips
Eat at Local Stalls: Restaurants may be expensive, but local food stalls and street food stalls are usually more affordable. Try authentic Chinese food and enjoy a variety of local dishes.
6. Bring Your Own Drink
Each campus usually provides drinking water that is accessible to the public. Smart Friends can take advantage of the free drinks!
Oh yes, related to water, there are several things that you need to pay attention to
Energy and Water Savings: China often charges for excessive electricity and water use. Make sure you turn off lights, air conditioning and electronic equipment when not in use.
7. Get a Scholarship
This is the last point which is no less important, namely getting a scholarship.
Did you know that there are lots of Chinese Scholarships?!! With a scholarship, your life in China will be much more economical!!
Final tip
Monitor Your Expenses: Create a monthly budget and monitor your expenses. This will help you see where your money is running out and adjust your habits as needed.
Remember that it is important to live wisely while studying abroad and plan your budget carefully. Don’t hesitate to seek advice from local students or your peers who have more experience with saving money in China.
So if you want to register or have questions about Chinese scholarships, you can contact us now!