Budgeting Tips For International Students In Singapore
Studying in Singapore is an exciting and vibrant experience but managing your cost of living is essential to make the most of your time here. While expenses can be high, smart budgeting and planning can help you live comfortably and enjoy everything this multicultural hub has to offer.
Here’s a no-nonsense guide on managing your budget in Singapore, from essential costs to practical tips.
The Cost Breakdown
Here’s a quick overview of the main expenses you’re likely to encounter as an international student in Singapore:
| Category | Cost Range (SGD) | Tips |
| Accommodation | S$550–S$2,500+ per month | Share accommodation to save. |
| On-campus housing | S$550–S$900 | Affordable and convenient. |
| Private/shared room | S$600–S$1,500 | Costs depend on location. |
| Whole apartment share | S$2,500+ | Best option for those wanting independence without landlord. |
| Food | S$150–S$300 per month | Hawker centres offer budget-friendly, authentic meals. |
| Hawker centres | S$3–S$6 per dish | Authentic local food. |
| Mid-range restaurants | S$20–S$40 per meal | Great for occasional indulgence. |
| Transportation | S$80–S$120 per month | Use an EZ-Link card for MRT and buses. |
| Public transport | S$0.90–S$2.00 per ride | Affordable and reliable systems. |
| Taxis/rideshares | S$10–S$30 per ride | Compare prices between Ryde, TADA and Grab. |
| Utilities and Mobile | S$140–S$220 per month | Look out for student-friendly packages. |
| Utilities | S$120–S$200 | Internet, water, gas and electricity. |
| Mobile plans | S$7+ | Postpaid data plans are affordable from Mobile Virtual Network Operators in Singapore. |
| Entertainment | Varies by activity | Use student discounts for savings. |
| Movies | S$9–S$13 per ticket | Midweek deals are often available. |
| Activities | S$0–S$10 | Find free social events and hobby groups via Meetup or Eventbrite |
| Attractions | S$10–S$35 | Many attractions have discounted entry for students. |
5 Budgeting Tips for Students in Singapore
1. Track Your Expenses
Use budgeting apps like Mint or YNAB (You Need a Budget) or just a simple excel sheet to keep tabs on every dollar.
2. Master the Hawker Centre Scene
Singapore is a paradise for foodies, and hawker centres offer some of the best value meals on the island. Make them your go-to dining spot for authentic and pocket-friendly meals.
3. Shop Smart
Wait for sales to purchase items like groceries or clothes. Order groceries online from FairPrice or RedMart and find exclusive app-only discounts.
4. Use Your Student Perks
Your student’s pass is a goldmine. From transport to attractions and food, many places provide discounts for students, so always ask!
5. Share Costs With Friends
Renting, groceries and even cooking become more affordable in groups. Find friends with a similar budget mindset and save money together.
Living On a Student Budget in Singapore
Studying in Singapore opens doors to world-class education, vibrant culture and personal growth—but the cost of living can be a hurdle. By staying smart with your spending and making use of local deals and perks, you can thrive while staying within your budget.
