Hamburg is a city in Germany located near Berlin and Bremen. It attracts a large number of people from all over the world many of whom are international students. Students from different corners of the world come to Hamburg to get higher education. Hamburg is home to nineteen universities among which the largest one is the University of Hamburg. Some other universities available in Hamburg are the University of Music and Theatre, the University Medical Center Hamburg-Eppendor, the HafenCity University Hamburg, the Hamburg University of Technology, the Hamburg University of Applied Sciences, the Kühne Logistics University, and more.
The abovementioned universities as well as other universities and colleges in Hamburg host both international and domestic students. When international students enroll and shift to Hamburg, one of their major requirements happens to be managing their living expenses. It is not a difficult task and you can manage your living expenses in Hamburg City by taking care of certain things.
Below, you will get some tips about how to manage living expenses in Hamburg City.
Prepare a Budget for All Your Expenses
Preparing a budget for all your expenses according to your purchasing power is the first thing you need to do. You are required to make a budget for your utility bills, groceries, eating out, leisure activities, rent of your accommodation, and everything on which you need to spend. It will also help you to avoid spending money more than required and to save the expenses.
Make Lists of Necessary and Unnecessary Expenses
While making your budget, you should also make lists of necessary and unnecessary expenses. Give preference to necessary expenses while making your budget and spending. After that, you can spend money on unnecessary expenses; however, before that, you should do the savings for the future.
Save the Money for the Future
You don’t know about the accidentally occurred expenses. By doing the savings for the future, you prepare yourself for uncertainties. Besides, it also creates a habit of saving in you, which helps you in your future success.
Find Accommodation Where Utility Bills Are Inclusive
You can find student accommodation Hamburg inclusive of utility bills such as electricity, water, gas, and Wi-Fi. Since all these things are included in the payment you give to the accommodation owner, you don’t need to spend separately on them, which can prove to be helpful for you in managing your expenses in Hamburg.
You Can Rent a Shared Room or a Homestay
If you rent a shared room, the rent is split among all the occupants of the room in the ratio of the number of occupants so you have to pay only your part of the rent. It can save your expenses and help you in managing your expenses. In Hamburg, shared rooms can usually be found in private apartments.
Besides, you can also rent a homestay, which is an arrangement to live with a Hamburg family in its house. Many Hamburg families offer rooms in their houses for students to stay. You can find some of the homestays at very low costs. The rents of homestays start from €23 per night in Hamburg. Therefore, homestay is also an option to save and manage your expenses in Hamburg.
Try to Cook at Home as Far as Possible
There is nothing wrong if you go out to eat occasionally. Visiting restaurants is also a part of the fun in Hamburg. But, to manage your expenses properly, don’t make it a regular habit. Try to cook food in your kitchen at your home as far as possible. It will not only save your expenses but is also good for your health.
Try to Get Student Discounts
Student discounts are offered in almost every city. So, you can look for student discounts, which can help you save and manage your expenses. These discounts can be found on public transport, shopping, sightseeing, adventure activities, and many other things.
Buy Health Insurance, Travel Insurance, or Both
You can manage your medical and non-medical expenses in Hamburg by buying health insurance, travel insurance, or both. You can get it with the help of online student accommodation service platforms.
Book Accommodation in Advance via Online Platforms
Online student accommodation service platforms help you book accommodation in advance so you can find accommodation at cheaper rates. Besides, sometimes, the prices of accommodations increase when the time of the university sessions comes closer. So, if you book accommodation at least three months before starting your journey to Hamburg, you can save your expenses for your future.
Get a Part-Time Job If You Get Time from Your Studies
If you get time from your studies, it would be a good idea to get a part-time job, which will create your source of earning plus provide you job experience for your future.