New students struggle because of out-of-control spending

Hạ Linh |

Having just entered university, many new students who had not yet gotten used to living away from home were in a situation of " run out of pocket" due to a series of unplanned spending.

Seeing many attractive items, having new friends, continuously "closing orders" at midnight and participating in outings, many new students suddenly "fever" when their wallets are no longer abundant before the end of the month.

Le Bao Tam - a first-year student at the Academy of Finance felt "shocked" when the money from her family for university degrees quickly "disappeared".

After receiving congratulations from relatives, in less than a month in Hanoi, Bao Tam spent almost all of it on necessities such as: depositing for rent, paying for electricity and water, buying school supplies, personal items and occasionally meeting friends.

"When I summarized it, I was startled and didn't understand why I spent so much" - Bao Tam sadly shared.

For Tam, "every step out of the house costs money, from gasoline, food and drink every day, not to mention that at first he was not used to the road, so he often had to take a motorbike taxi."

Meanwhile, Pham Nhat Anh (Hanoi) - a first-year student at Hanoi Open University, although living with her parents, has many expenses arising from "closing the deal" at midnight.

"I often recommend e-commerce platforms at night because many brands offer the best prices. On livestream sessions, sellers also continuously emphasized that this is the most preferential price, if not bought immediately, they would miss it. And I pressed for an order when I wasn't good" - Nhat Anh said.

However, according to Nhat Anh, half of the items ordered at midnight do not have high potential for application in life.

Not only are new students "watery" about spending in big cities, even students who have studied for a year and lived in Hanoi have not easily adapted to a series of fees.

Vu Thao Linh (Phu Tho) - a second-year student at the University of Commerce said that she often has to "assign help" to student groups and forums to find a way to avoid falling into a " out of pocket" situation at the end of the month.

"I don't have much money almost every month, even though I have been teaching a teacher to earn more income. Even in the first months of the year, I spend more than the level before the end of the month" - Linh shared.

Although her parents supported her with more than 2 million VND/month and salary from being a teacher, the cost of renting a house ranged from 1.7 - 1.8 million VND/month, plus more than 1 million VND in electricity, water and daily expenses, causing Linh to often fall into a penniless situation.

"I often eat in addition to both main meals, sometimes I even have to pay for going out, watching movies with friends, not to mention the gas. At first, I thought the small expenses were insignificant, but in summarization, it was too big" - Linh expressed.

To improve the situation, Thao Linh has applied some "tips" shared by friends on student forums. Thao Linh said: "For about a month now, I have been practicing the habit of cooking at home more and using a spending management application. Thanks to that, I gradually control my spending habits and limit my over-the-top swinging."

Hạ Linh
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