International Students in Canada - How to plan the Budget?

Create a Budget

Outline your expenses and income sources properly

Have an eye on your spending habits

Follow 50-30-20 rule.

50% income goes to your needs

30% income goes to your wants

20% income goes to your savings & repayment

Get a credit card

Building a solid credit history in Canada is crucial because, through an analysis of your credit card, loan, and line of credit repayment patterns, lenders can determine how likely you are to make your payments. Getting a credit card is the simplest way to start accumulating credit history.

Explore Student Discounts

Take advantage of discounts offered to students on transportation, entertainment, and various services across Canada.

Seek Financial Guidance

Universities often have financial advisors or offices that can provide guidance on managing finances as an international student.

Connect with CanApprove for more details about studying in Canada