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Preston is a popular study abroad destination in the UK. It hosts more than 3,000 international students. From quality education at top universities to a vibrant lifestyle, this city has it all. However, managing the cost of living in Preston is always a challenging task. Many study abroad aspirants in this city face problems in managing their finances. In this case, planning the expenses properly can help them overcome the problem.

Well, if you are also facing financial problems in Preston, then you just hit the right article. Read and know all the expenses from student accommodation in Preston to living expenses, with the best tips to manage the overall cost.

Exploring the Cost of Living in Preston

Studying in Preston is not easy. Students need a strong financial background or funding source to live a reliable life abroad. According to a survey, study abroad aspirants targeting this city need around INR 1,23,000 to INR 2,00,000 per month for their living and personal expenses. However, let us break this amount down into different areas. It will help you make a budget for your journey.

Accommodation

Firstly, let us talk about the rent for student accommodation in Preston. It is a non-negotiable area where students spend a lot of money while studying abroad. However, the rent amount in cities like Preston depends on the accommodation type and its area, but on average, it costs roughly INR 10,000 to INR 16,000 per week.

Food & Drink

Food and drinks are another area where students need to spend their money. Many private living options don't include food in the monthly rent. It increases the cost of living in Preston. However, students must note that they can enjoy a meal at INR 1200 to INR 2200 at a recognised restaurant in the city.

Transportation

Travelling is another area where students spend their money while studying abroad. Preston is well-connected with a bus transport facility. Students who choose to study here can move from one place to another at an affordable fare of INR 140 for a single ride ticket and INR 208 for a return ticket.

Personal Expenses

Figuring these expenses is not easy. This area includes all the expenses made on utility bills, health insurance and buying essential stuff. Its cost depends on the lifestyle the student chooses to live while studying abroad. However, in cities like Preston, individuals need INR 50,000 to INR 70,000 per month to manage their personal expenses and live a comfortable life.

This is all about the monthly cost of living in Preston. Every year, many students struggle to manage this cost because they don't know the best ways to save and manage finances. However, let us move to the next section of the article and explore them.

How to Manage Expenses While Living in Preston?

Studying abroad is an expensive investment for an average student. They need more than a lakh rupees per month to live a comfortable life. However, it is not easy for everyone to manage this cost. So, in this case, they follow some simple tips discussed below.

Make a Budget

Financial status is not the same for everyone. In the first step of the study abroad journey, students must study and evaluate the overall cost. It will help them make a budget for their journey. Because of this, they can plan their expenses and live a comfortable life abroad.

Apply for a Loan

Applying for a loan is the best way to arrange the cost of living in Preston. Many study abroad aspirants visit the reputed banks and ask for a loan. It helps them to get a sufficient amount with several benefits to plan their journey.

Seek Scholarships

Scholarships are the best resource for arranging funds. Universities abroad know that managing the cost of living and studying is not easy for many students. So, they offer a range of scholarship programs that help individuals get relief from their tuition fees. Because of this, they can manage their personal expenses easily and plan a successful journey.

Work part-time

The Government of the UK know that managing personal living expenses is not easy. So, it allows the students to work part-time for 20 hours a week. It helps them to generate some extra income for managing their personal expenses and living a reliable life abroad.

Use Student Discounts

Lastly, many reputed organisations offer heavy discounts on their products to students. Study abroad aspirants in the UK must know about such schemes and try to use them. It will help them get heavy discounts on premium products. Because of this, they can save a bit of money to manage their cost of living in Preston and enjoy the study abroad journey.

Conclusion

In conclusion, studying in Preston, UK, is expensive. Over a hundred thousand international students in this country struggle to manage their finances to live a comfortable life abroad. However, they can overcome this problem by following some simple tips. Firstly, they must look for student accommodation in UK with low monthly rent. Then, they must learn to cook food, shop from supermarkets and save on utility bills. This practice will help them reduce personal expenses and manage their finances easily to live a comfortable life abroad.