Budgeting For Students


Few people realize just who much they spend on the non-essentials but of course simple pleasures of daily life. If you are recordably challenged, we will introduce you to a easier, more refreshing side of budgeting. Once you begin to record your daily expenditures, you can have a better perspective on when your money goes and how to be wise in your spending.

Know your Expenses

Before you embark on your bright future of budgeting, it is important to know your basic needs. What do you currently pay monthly without fail that is absolutely essential? Search through the following list:

  • Housing Rent
  • Car Expenses
  • School Tuition
  • Books (buy used to save money)
  • Entertainment
  • Laundry
  • Food (average – keep record)
  • Lab or Test fees
  • Travel Expenses
  • Charity Contributions
  • Other

Now that you have put together a brief list of essential expenses, tally them up. Finally, figure out how much you income you receive from work, parents, grants, and other means. Deduct your total income with your basic needs to find out how much you have for entertainment costs, new clothes, that desperately desired cappuccino, and other purchases that arise. Budgeting is simple. Pay the bills first, then set aside money for the essentials.

Tip: Pay the bills with the highest interest rate first!!!

Whatever is left over, is for your entertainment. Many students stumble on this point. They start with paying for all their social life activities for 28 straight days, and at the end of the month, they count the pocket change they have left over in their pockets, under sofa and car seats, etc., finally bum’n off friends to pay that electric bill or car insurance. This does not have to happen to you. The excitement and adrenaline rush of “liv’n on the edge” wears off real quick, and no one likes a mooch for a friend. Responsible people can still have a fun time but they know how to budget.

Recording Expenses

How do you know what your expenses are going to be? Write them down using our weekly. From the above section, you should know what your expenses are. When recording your expenses, you will be surprised to learn how much money is actually spent on junk.

If you have ever had to count your calories and write down everything you eat during the day for a health class, you, like me, have probably been convicted and felt guilty looking at the sweets, chips, and other items you just snuck in. If you don’t spend much money, or make a big deal out of the item, you will inevitably forget about it. So it goes with budgeting. Writing down every expense, they add up.

Once you start writing down everything you buy, you will find that you spend less in order to avoid recording it… mainly because it gets annoying.

Planning for the Future

Once you have begun to write down your expenses, and know what your total essential expenses are, you can begin to plan for future expenses. You will find that you begin to save money and have some extra for other unnecessary or unessential expenses. Here is a quick list of expenses that you will find that you want to save for:


  • Christmas
  • Easter
  • New Years
  • Other


  • How many people
  • How much per person

College or Uni Holidays:

  • Summer Road Trip
  • Spring Getaway
  • Christmas Ski Trip
  • Spontaneous Adventures

If you plan for the future, then you will have fun during holidays and vacations. However, if you wait until the last minute to save up, you will find much unneeded anxiety.  Try to be smart! 

We have a Winner!

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Don’t forget the daily draw officially starts tomorrow on www.studentgiveaways.com, so make sure to check every day if you are a winner.

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Escape Winter – Scuba Dive The Maldives

Summer Holiday Escape

The Maldives, an island nation of twenty-six atolls comprising 1192 islands surrounded by coral reefs, sit in the middle of the Indian Ocean. The economy of the Maldives is based mostly on scuba diving, with almost all the resorts and tourist services focused in that direction. The sites for scuba diving are the shallow waters over the reefs or channels where you can ride the strong currents.

Diving Options and Requirements

All scuba divers must have a dive computer, available for rent everywhere on the islands. Safety standards for scuba diving are very high and there is strict adherence to diving protocol. You can stay at an island resort or you may get a better deal with a liveaboard, where you stay on board a ship that roams the waters around the Maldives.

Liveaboard Versus Day Diving

A liveaboard places you at more sites at the best times for maximum viewing of marine life. One requirement is that you must have at least twenty logged dives on your own before checking in. Prices are all-inclusive and itineraries depend on the weather and the season. Vessels can be either sail, power or both, with luxury accommodations that include air conditioned cabins, private hot showers and TV/DVD players.

liveaboard maldives

Day diving while staying at an island resort should be your choice if you want to explore a certain reef and do other activities besides scuba diving. Or you can do both and spend one week at a resort, one week on a liveaboard.

General Choices for Diving

There are three choices for the type of scuba diving you can do: outside the atolls, inside the atolls and in the channels. Outside the atolls, you’ll be more in the ocean than you’d be inside the atolls, where you’ll be diving in calm lagoons. The channels are the passages between the lagoons and the ocean. That’s where the currents will be the strongest and where you’ll find the greatest number of fish. Filter feeders of all types, from shrimp to sponges line the walls of the channels to gather in all the food debris floating by. The food chain continues on up from there, with wrasse, eels, parrotfish, snappers and groupers all feeding on the smaller prey below them on the chain.


Within the lagoons of the atolls, schools of colourful fish swarm over the reefs in shallow water dappled by the sun. The colourful reefs form a majestic backdrop for this constant parade of marine life. Photography is a great adjunct to scuba diving and you’ll get plenty of chances to take fantastic pictures as you drift along the reefs. Inside the lagoons of the atolls, you’ll find ‘thilas’ thrusting up from the sea floor almost to the surface, with upward sea currents along their sides. These underwater rocky pinnacles are covered with soft corals and sponges among which swim fish and crustaceans of all types.

On the reefs outside the atolls, schools of sweetlips, fusiliers and unicornfish roam, along with snappers, barracudas, rays and sharks. Huge whale sharks and an occasional whale may cruise by out in the ocean.

Sites for Diving

The first site to visit is the Banana Reef off the east coast of the North Male’ Atoll. It was the very first dive site in the Maldives and is still very popular for finding schools of oriental sweetlips, squirrelfish and bannerfish. The coral there is abundant and varied. The currents are strong and constant, perfect for drift diving.

Maaya Thila is 4 kms north of the island of Mayafushi and is about 80 metres in diameter. Protected from ocean currents, this site is open for both day and night diving at depths ranging from 6 to 30 metres. You’ll see intricate growths of coral, many schools of fish, an octopus or two, moray eels, stonefish and many sharks. For the largest concentration of sharks, though, go to Cocoa Thila near the Male’ Atoll and to nearby Kandomma Thila.

One site that serves double-duty is the Emboodhoo Express, a water channel that enters the area of the South Male’ Atoll near the island resort there. When the current is running fast during the winter monsoons, a scuba diver can ride the Express along the reef and observe eagle rays and schools of tuna and fusiliers. When the current runs more slowly, a diver can take the time to explore the forests of soft coral near the mouth of the channel.

maldives diver

The next two sites are for experienced scuba divers only. Broken Rock, named for the formation at the center of the area, has strong currents and divers must take care not to be pushed against the coral reefs. Moray eels, trigger fish and puffer fish can be found there. The other advanced diving site is Gangehi Kandu near the Ari Atoll. Again, currents must be watched and the right moment be chosen for the dive. Leopard sharks and reef sharks abound, as do mantis shrimp and schools of triggerfish.

A different type of site is the wreck of the Maldives Victory on the sandy ocean floor off the west coast of the island of Hulhule. The freighter rammed the island in 1981 at full speed, sinking in 35 metres (115 feet) of clear water parallel to a reef. No one died in the accident and the 110 metre (360 ft) upright wreck is now a popular diving site.

Best Time of Year to Dive

The wet season in the Maldives runs from May to August and means reduced visibility underwater and fewer accessible dive sites. The hottest time of the year there is April through June, which can make the stay on land uncomfortable. The coolest and driest time of the year with the clearest water is December through March, making that period the perfect time to come for scuba diving. However, early May is the time of an annual plankton bloom that attracts large numbers of manta rays and whale sharks; the downside is that the bloom reduces visibility.