Every year when the fall semester starts here in Sweden, the students start complaining that they don’t get enough money and when I say get I kind of mean get. For you who don’t know Sweden a student receive 699sek and can borrow 15131sek per week. As studying at University in Sweden is free, this money is for paying your bills, school materials, food and anything else you might want.
Every year when the fall semester starts here in Sweden I find myself annoyed with the students for complaining about the lack of money that they have. I think they should see it as a healthy exercise in how to handle money, make a budget and live by it, plan your shopping ahead, and maybe even find a job on the side to ensure that they receive extra money to pay for the things that they want that isn’t a part of what one need on a monthly basis.
I read somewhere that “You don’t really know someone until you walked a mile in their shoes.”. I was a student back in the days (2002-2005) however I wasn’t a student in Sweden so I can’t really say that I know their situation thus time to walk a mile in theirs shoes, in a way.
During the month of May I will adapt my budget to that of a student, with some cheating of course since I still have to pay the full amount of my rent even though you would never be able to live here as a student. That is one of the benefits of educating one self, isn’t it? You go through a few years of no money really to enable yourself to get a good job that pay you a salary so that you can have a good life.
Based on the weekly amount mentioned above and assuming each month has four weeks, a student in Sweden have 8920sek per month to spend. The Swedish Consumer agency have the following recommendations on what you need to survive each month;
- Food 1670sek
- Clothes and shoes 620sek
- Spare time and play 630sek
- Cellphone 180sek
- Hygien 460sek
Then of course you need somewhere to live, and I have been trying to google information on an average rent for a student here in Malmö where I live, I couldn’t find any information on that. What I did find was an overall average that says 3500 to 3900sek with rent 10 months out of 12. I also calculated the percentage of my actual rent compared to my monthly income and that gave me a rent of 2850sek per month if I was on student income. I’m pretty sure I will be told of if I use that amount in my budget as it is probably impossible to find a place to live for that, so I have decided to put 4000sek in my budget.
I don’t know if students have special student prices for insurance and power, it might be I still have to pay what I pay though so that goes into my budget as well, thus for housing;
- Rent 4000sek
- Insurance 208sek
- Power 206sek
I haven’t included the cost of books, paper and pens in this budget as I make it easy for myself and say that in May all of this has already been purchased (just one of all the liberties I take). I also have items in my normal budget that I don’t include such as the repayment I do of my already existing student loan, my monthly pass for the train to CPH, cleaning lady etc since I wouldn’t have these costs if I was a student.
Thus, when all the above is counted I have 945sek left that should cover any type of travel I want to do, cigarettes, alcohol, the movies and my broadband connection. I also cheat a bit on the food budget as I get lunch at work everyday, that is paid for out of my salary so thinking that I need to make some adjustment for that “pretending” that I bring a lunch package with me everyday for lets say 20sek a day.
I do realize that this social experiment will hamper my social life a little (I’m sorry miss Legal but there wont be any sushi dinners for the month of may, picnic in the park maybe?) and I hope that my friends will show me some understanding. My Salary hit my account on the 27th of April and that is the day the experiment will start. Wish me luck!