budget

Money Matters: Budgeting your college expenditure

For most of us, the first thing which comes to our mind in planning our four year stay in the capital is the budget. Even for those who already reside here, college is a huge turning point. What pesters us are the daily expenses because that is something within our domain. Since our parents are usually unaware of the daily requirements of a college student, we feel responsible for keeping our “pocket money” enough to sustain us and at the same time not act as a burden on our parents. Here is a quick look at how much college life and not education can cost you at Delhi University:

Accommodation
To begin with we must make our peace with the fact that studying out is expensive even if comfort isn’t our first priority. Most of the outstation students prefer privately owned PGs and hostels for that give them more freedom as also comfort. In North Campus, finding a high end PG which provides all the imaginable services is easy if you are ready to shell out 14000 to 20000 monthly. If you want to save up on this front then college hostels and even private PGs are available which will cost you maximum 10000 per month.

Travel and coaching classes
For students, travelling expenses are inevitable. Thanks to Delhi Metro Rail Corporation Limited, you don’t need to spend an unreasonable amount for making a daily trip to your coaching centers or just “hanging out” with friends in cafes or movies, although I can’t promise you how much either movies or cafes or coaching centers might charge you. All you need is a metro card which is much more convenient than buying a token every time you travel, a 10% discount is an added benefit. Bus fares are fair with something between Rs. 5 -15 for Non-AC and Rs. 10-25 for an AC ride. One can also opt for an all route DTC pass that costs Rs. 100 for Non-A/C travel with student concession. For an all route A/C  DTC pass, you might have to shell out Rs. 1000. (Also see: Delhi University Colleges Metro routes)

Talking about coaching classes, some of the “elite” centers do charge exorbitantly but then they are “necessary evil” and you’ll rather want to pay more now than repent later.

Food
Food in either north or south campus is not an issue at all. College takes more than half of your day and naturally you can’t starve in that duration. There are uncountable food joints in and around the college campus which are not only delicious but also cheap. Bhel puri walas and Maggi stalls can be found in abundance, with the college canteen always being an option. If you care more about health then you can rely on fruits and juices as well.

On an average, with everything included you can expect to spend something between Rs. 100- 200 per day. If thinking about these expenses sends a chill down your spine, let me assure you that it’s not as bad as it sounds and you can always cut down on unnecessary expenditure. What you must care about now is enjoying these golden four years even if that means exceeding a little on your budget.

Image credit: freedigitalphotos.net



I wonder how people write about themselves so effortlessly and adequately too! I for one find it arduous and extremely time consuming since when asked about me I go in a sort of trance “discovering myself” and all that and finally come up with nothing. So after the process I can say I dislike studying, like novels and music and coffee. Also, I am a second year B Com (Hons) student in Shri Ram College.


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