You may also consider carpooling if you use your car. You may find that taking public transit is much cheaper than driving to school. If you have a car, check your school website for the cost of parking. If you use public transit to get to school, check the price of a public transit pass. Look for grocery stores that offer student deals on certain days of the week. Remember to consider the cost of food, heat, electricity, Internet and tenant’s insurance. For example, rent in a small town in Nova Scotia may be much less than rent in downtown Toronto. These costs will depend on where you study. Some school websites provide estimated costs for living off campus. Sharing costs while you study could cut your living expenses by thousands of dollars each year. This could mean living with roommates, family or living on your own. You may choose to live off campus rather than in residence. Consider living in a shared residence room because shared rooms often cost less than single rooms. If you plan to live on campus, check student residence and meal plan costs on your school’s website. This will have a big impact on your financial situation when you finish your studies. It’s important to plan how much you’ll spend on living expenses.
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