Going to college or university is about developing the skills and growing the knowledge needed for a successful career. The experience is priceless, but the costs can add up quickly. For many, it's also the first time they’re living on their own, figuring out how to manage their day-to-day expenses on a budget.
Going to university or college
Hit the books, not your wallet
Learning everything all at once can be overwhelming, but here are some helpful tips:
Build a budget and stick to it. If you’ve never done it before, budgeting can seem complicated. Our financial advisors are happy to work with you to help you build a budget that is both realistic and future forward. Knowing that you can afford what you need now while also thinking about making your next transition a bit easier is a huge weight off your shoulders.
Cook at home. Treating yourself to dinner at your favourite restaurant is a great way to celebrate your wins, but ordering in or dining out on a regular basis can get expensive. Cooking at home is better for your budget and the learning experience can be a lot of fun. Ask family for their go-to recipes or try to recreate your favourite dish – all while staying on budget.
Apply for scholarships, grants and bursaries. Most colleges and universities offer financial assistance for students. These grants and bursaries usually have a minimum amount of qualifications required, and you might be surprised at the requirements you meet! Reach out to your college or university’s financial assistance office to see what options are available to you.
What about a student loan?
There are several places to apply for student loans – they are offered by federal and provincial governments, and we also offer them at Conexus. No matter what kind of student loan you are considering, the application process and repayment details can be a lot to wrap your head around. Our financial advisors can talk to you about how our student loans work, and offer advice on how to make the application process as smooth as possible.
Ways for students to save
Look through weekly flyers and other promotional material for sales and deals on groceries
When shopping for your textbooks, ask for used options
See if your service providers have deals for students and save on your monthly bills
Often things go on sale when they are out of season, so think about your future needs and get the best deal available
Student credit: loans and more
We offer various credit options that are designed with student needs in mind. From credit cards that offer cash back on daily expenses such as groceries to points systems that help you to get the most out of your reading week. We’re happy to help you find the services that help you manage the costs of university.
If you’re curious about what Conexus can offer in support of this big step, contact us today.