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