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Economy · Funchal · 17 August 2026

Student Budgets: Identify Moving Costs Before Setting Your Budget

The return to university classes requires families to carefully plan expenses, which vary by city, course, and accommodation.

Student Budgets: Identify Moving Costs Before Setting Your Budget

With the start of the academic year, especially for university students, many families face the need to plan their expenses.

The budget should be based on concrete costs, varying by city, course, and accommodation type. It is crucial to include not only monthly expenses but also initial charges, such as deposits and moving costs.

Expenses can be divided into five categories: setup (first rent, deposit, moving), monthly charges (accommodation, food, transport), academic costs (tuition, materials), personal spending (hygiene, leisure), and irregular expenses (unforeseen). Accommodation choices, whether university residences or shared housing, should consider price, conditions, and proximity to the university. It is also recommended to check eligibility for scholarships.

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