EARNING & SPENDING

At Victoria Education Consultants Australia, we understand that managing your finances is a
crucial aspect of your educational journey. Here, we provide insights and advice on both
earning and spending while studying in Australia.

EARNING While Studying
Many students seek part-time work to help cover their living expenses while studying. Here
are some key points to consider:

WORK RIGHTS
 Student Visa Conditions: On a student visa (Subclass 500), you are typically allowed
to work up to 40 hours per fortnight during the academic term and unlimited hours
during scheduled course breaks.

 Types of Jobs: Common part-time jobs for students include retail, hospitality,
administrative roles, and tutoring. These jobs offer flexible hours that can fit around
your study schedule.

FINDING WORK
 University Resources: Many universities have career services that can help you find
part-time work, internships, and work-study opportunities.

 Online Job Portals: Websites like Seek, Indeed, and local job boards can be valuable
resources for finding employment.

 Networking: Building a network through university events, local community groups,
and professional associations can lead to job opportunities.

SPENDING WISELY
Managing your spending effectively is key to maintaining financial stability. Here are some
tips to help you budget and save money:

BUDGETING
 Track Your Expenses: Use apps or spreadsheets to keep track of your income and
expenses. This helps you understand where your money is going and identify areas
where you can cut back.

 Create a Budget: Establish a monthly budget that covers essentials like rent, groceries,
transportation, and utilities, as well as discretionary spending for entertainment and
social activities.

COST-SAVING TIPS
 Student Discounts: Take advantage of student discounts on public transport, at
restaurants, cinemas, and for various services. Many businesses offer reduced prices
for students.

 Groceries and Dining: Shop at local markets and budget supermarkets for affordable
groceries. Cooking at home can be significantly cheaper than dining out.

 Accommodation: Consider shared housing or living in student accommodation to
reduce rent costs. Sharing expenses with roommates can also help save money.

 Transportation: Use public transport or consider cycling or walking to save on
transportation costs. Many cities offer discounted public transport passes for students.

FINANCIAL ASSISTANCE
 Scholarships and Grants: Explore scholarship opportunities offered by universities,
governments, and private organizations. These can help reduce your tuition and living
expenses.

 Financial Aid: Some universities offer emergency financial assistance for students
facing unexpected financial difficulties.

PLANNING FOR THE FUTURE
 Savings Plan: Set aside a portion of your earnings as savings. Even small, regular
contributions can accumulate over time and provide a financial cushion.

 Financial Literacy: Educate yourself about personal finance. Understanding concepts
like interest rates, credit scores, and investing can help you make informed financial
decisions.

By effectively managing your earnings and spending, you can ensure a stable and enjoyable
educational experience in Australia. Victoria Education Consultants Australia is here to
support you every step of the way, providing guidance and resources to help you achieve your
financial and academic goals.