Living in a Delhi University hostel can be a thrilling experience, with opportunities to forge lifelong friendships, engage in diverse activities, and further one’s academic journey. However, for an outstation student, the cost of living in a DU hostel can be a bit harsh on a student’s pocket and hence it has its own set of challenges.
This article provides valuable insights on various expenses you have to incur while accommodating in a Delhi University hostel and some tips for maintaining a budget-friendly lifestyle in a Delhi University hostel.
List of Expenses that you will have to incur at DU hostel
First, we need to list down all the expenses that an outstation student has to incur during his stay at a DU hostel, and they will ultimately add up to your cost of living in a DU hostel:
Accommodation Expenses – PG or Hostel?
First and foremost is accommodation expenses is Hostel fee. This is one of the most significant and major expenses in your cost of living in a DU hostel, which needs to be paid every month. It amounts to around 10000 to 16000 depending on your needs.
Food – Hostel Mess or Street Food?
Then we have, food if your hostel doesn’t provide it. This is also important as it is very important to have a hygienic home like healthy food supplies wherever you stay. This will amount to around 5000 per month, including your dine-outs if you go out responsibly.
To learn more about the best budget-friendly street food near DU go through these:
What are the Best Street Food Options in North Campus?
Best Street Food In South Campus
Books and Study Material – Academic + Extra Books
Next is books and study material, this is the reason why you have come so far, so this is also one expense that you cannot afford to skip.
This will not be that harsh on your pocket as you’ll need to incur them once every semester. And the maximum goes up to 5000 yearly.
Clothing – Brand lover or Thrift?
Clothing is something you cannot ignore as it is very important to dress up as per recent fashion trends and this is an expense which can vary for girls and boys and girls.
This is one of the expenses in the cost of living in a DU hostel which you can control.
And all your shopping needs can total up to around 1500 rupees monthly. Rest there is no end to it, but considering you want to live a budget-friendly lifestyle you should set a cap.
Miscellaneous Expenses – Reduce unnecessary expenses
Also, there are some unforeseen situations which may occur and you get bound to spend, these can be some medical expenses or health-related or you might have to go for party or hangout places with your friends etc.. we can add them all in a miscellaneous list.
Your Miscellaneous list expenses can go up to 3000 monthly.
Some tips to Maintain a Budget-friendly lifestyle at DU Hostel
If we add up all the above expenses and make an estimate of the cost of living in a DU hostel we get to the conclusion that we will have to spend nearly 30000 to 35000 every month, which if we try and spend responsibly we can bring this figure a bit low. Here are some tips for the same:
Make and Follow a Monthly Budget
Before each month begins, create a detailed budget that outlines your expected income from internships etc. and expenses. Reach a figure representing your estimated cost of living in a DU hostel.
Allocate funds for essentials like accommodation, food, transportation, and study materials. Stick to your budget as closely as possible to avoid overspending. Educate yourself about personal finance. Understanding the basics of budgeting, saving, and investing can set you up for a secure financial future beyond your hostel days.
Following these methods will help you in reducing your estimated monthly cost of living in a DU hostel.
Shared Expenses
Hostel life is all about community. Pooling resources with your roommates or hostel mates and living in shared places can significantly reduce your cost of living in a DU hostel, Shared expenses could include groceries, cleaning supplies, and even occasional outings.
Also, living with your friends will add to your enjoyment and give you unforgettable lifelong memories.
Entertainment and Recreation
Delhi offers a plethora of low-cost or free entertainment options. Explore local parks, visit museums on discounted student days, attend university events, or join clubs that align with your interests. This way, you can enjoy your leisure time without breaking the bank.
You can go through this article to learn more:
Which are the Best Places to Visit in Delhi for College Students?
Part-Time Internships
If your schedule allows, consider taking up a part-time internship or freelance work that complements your studies. This can not only provide you with an additional source of income to cover your expenses and save for future needs but also add to your experience and skills.
You can go through this article to know more:
How to Apply for Summer Internship: College Student Guide
Transportation Choices
Delhi has a well-connected public transportation system, including buses and the metro. These options are generally more affordable than using cabs or ride-sharing services.
Consider getting a monthly or student-specific pass for even more savings. These small savings can add up and you’ll end up saving huge in time, as every drop counts.
Conclusion
Living on a budget while staying in a Delhi University hostel requires thoughtful planning, resourcefulness, and a willingness to make prudent financial decisions.
By adopting these budget-friendly strategies and staying disciplined, you can enjoy all that university life and the vibrant city of Delhi have to offer without compromising your financial stability.
Remember, mastering the art of budgeting now will pave the way for a financially savvy future.
