Life as a university student is full of excitement and new experiences, but it can also come with financial challenges. From tuition to textbooks and living expenses, managing your money wisely is essential. At Integris Credit Union, we understand that students in Northern Interior BC face unique financial pressures—whether it’s living in more rural areas with fewer part-time job opportunities or having to travel further for school supplies and services. That’s why we’re here to offer some practical, realistic budgeting tips tailored to your needs.
1. Know Your Income & Expenses
A key step in budgeting is understanding how much money you have coming in and where it’s going out. If you’re working part-time at a local business or receiving financial assistance, list that as your income. Then, write down your fixed expenses (like rent, phone bills, and car insurance) and your variable expenses (like groceries, gas, or entertainment). Living in the Northern Interior can sometimes mean unexpected expenses, like higher heating bills in winter or longer commutes, so it’s important to factor these in.
Pro Tip: Conduct a financial review and create a realistic budget! Our experts can help you look over your finances and find a plan that works for your goals – completely free!
2. Set Realistic Goals
Being a student means balancing limited resources, so it’s important to set goals that are achievable. Whether your goal is to save for a spring break trip to Vancouver, pay off your student loans faster, or even just keep up with day-to-day expenses, make sure it’s something you can stick to. If you’re attending a university like University of Northern BC (UNBC) or College of New Caledonia (CNC), you may also have seasonal costs, such as outdoor gear for those long Northern BC winters. Prioritize what’s most important to you, and adjust your spending habits accordingly.
3. Make the Most of Student Discounts
Many businesses in Northern BC offer discounts for students, from restaurants in Prince George to local gyms in Quesnel or Vanderhoof. Take advantage of your student status by asking about discounts wherever you go. Every dollar saved counts, whether you’re buying textbooks, a cup of coffee, or even grabbing a bite to eat between classes. Look for campus deals as well—both at UNBC and CNC, student unions often partner with local vendors to offer savings on essentials.
Pro Tip: Always have your student ID handy, and don’t hesitate to ask if a discount is available!
4. Cut Back on Non-Essentials (Within Reason!)
Budgeting doesn’t mean cutting out all the fun. But it does mean being mindful of where your money goes. If you find yourself buying takeout more often than cooking at home, or streaming every subscription service available, consider cutting back. The Northern lifestyle encourages outdoor activities like hiking, skiing, or camping. Why not take advantage of the stunning natural beauty around you while saving money? A hike up Teapot Mountain or a winter day at Purden Lake can be just as rewarding (and far less expensive) than some other entertainment options.
Pro Tip: Make dining out or treating yourself a reward, not a habit. It’ll make those experiences more enjoyable when they’re occasional splurges!
5. Build an Emergency Fund
Living in Northern Interior BC can bring unexpected costs, from car repairs after navigating snowy roads to additional heating expenses during colder months. Having a small emergency fund can be a lifesaver. Even if you can only set aside $20 a month, it will add up over time and help you avoid dipping into credit or loans when life throws curveballs your way.
At Integris Credit Union, we offer accounts specifically designed for savings, making it easy for students to start building an emergency fund without stress. Consider our high-interest savings accounts that allow you to earn more on your deposits, even if you’re just starting small.
Ready to take control of your budget? Schedule an appointment or give us a call at 1-866-554-3456. Let’s work together to ensure your financial wellness while you focus on what matters most—your education and the adventure ahead!
