So you are planning to relocate to Germany. Have you calculated how much you need to live a comfortable life while studying? Germany is a country where public universities provide education with zero to low tuition fees.
In Germany, you can manage your budget easily. You should have an idea of what the basic needs are. Once you know the needs & expenses related to that, you are good to go.
It totally depends on you what your way of living is. You have to learn about money management.
In this article, we will break down the expenses of living in Germany so that you can use your funds accordingly.
Average Cost of Living in Germany:
The average cost of living for international students is €850-€1200 per month.
Living Expenses in Germany:
1. Accommodation Cost:
This is the basic need when you move to a foreign country. Now you can manage the accommodation by either private rentals or shared apartments. It is recommended to share the apartment because private rentals can be costly to use.
- Student dormitory- €250 to €400 per month
- Shared accomodation- €350 to €600 per month
- Private rented apartments- €600-€900 per month
2. Cost of Transportation
Germany has good connectivity across cities. So you should avoid using private vehicles while travelling and use public transport.
You can use a student discount, which can reduce the cost heavily.
Public transport cost:€30 to €70
3. Utilities Cost:
Electricity & internet are not a part of the accommodation. So you need to calculate this cost separately.
- Electricity cost: €50 to € 80
- Internet cost: €25 to €40
4. Food & Groceries Expenses:
These are basic needs, and you can’t compromise on these. But still, you have to avoid eating outside, and it is because it can cost you. So cooking at home is the best option.
- Groceries: €150-€250 per month
- Eating out(occasionally): €8-€12per meal
- Miscellaneous Cost:
These include the expenses related to daily needs like care & books, etc.
Books: €20-€50
Miscellaneous cost: €50 to €70
5. Student Visa Requirement
The required amount for a German blocked account when applying for a student visa is €11,904. This ensures sufficient funds for living expenses in Germany, with a monthly withdrawal limit set at €992.
Tips to Minimise Expenses in Germany:
- Share the apartment to reduce expenses.
- Use public transport for travelling.
- Apply for student discounts.
- Avoid eating outside and cook at home.
- Do a part-time job as per government rules.
Conclusion:
So it depends upon you how you can plan things as per your budget. Cooking at home, public transport, & shared apartments are the ways to get your costs as low as possible.
Also, part-time work is a great opportunity to keep your financial condition better.
If you want a personalised consultation. Book a session with a counsellor of Delta Edu Group(Delta Immigration). There, you will get guidance on how you manage your expenses abroad.
