What to keep in mind financially when moving to a new country?

Linda Leonzini — June, 2023

Moving to Maastricht as a student is an exciting adventure, but it’s important to consider the financial aspects of the move as well! In this blog, we will discuss a few key areas to focus on:

1. Housing;

2. Living costs;

3. University textbooks;

4. Entertainment;

5. Jobs;

6. Scholarships.

By keeping these factors in mind, you can better manage your finances and have a successful experience in Maastricht.

1. Housing.

Finding accommodation is a crucial aspect of moving to Maastricht. Consider the following financial factors when searching for housing:

• Rent: Determine the cost of rent and ensure you understand whether utilities like gas, water, electricity, and internet are included or need to be paid separately.
• Furnishing: Check if the accommodation is furnished or if you need to purchase furniture and other essential items like a desk, wardrobe, or kitchen utensils.
• Kitchen supplies: If you rent a single room or share a kitchen, remember to budget for purchasing your own kitchen items like plates, glasses, cutlery, and pans.
• Additional expenses: Keep in mind any additional costs like service fees may be associated with your accommodation.

2. Living Costs & Living in Maastricht.

Living expenses can vary from one place to another. Consider these financial factors when living in Maastricht:

• Groceries: Compare the cost of groceries in Maastricht with your current location to plan your budget accordingly.
• Health insurance: It is mandatory in the Netherlands to have health insurance (especially important if you plan on working in Maastricht). Make sure to obtain the necessary health insurance coverage before or upon arrival.
• Transportation: Consider purchasing a bike, as it is a popular mode of transportation in Maastricht. Buying a second-hand bike through Facebook groups or renting one from services like Swapfiets can be cost-effective options.

3. University Textbooks.

Studying at Maastricht University will require you to purchase textbooks. Consider the following tips to manage textbook expenses:

• Explore alternatives: Look for opportunities to borrow textbooks from fellow students, buy second-hand books from second/third years, or consider using the electronic format when available.
• Plan ahead: Research the required textbooks for your courses early on to allow time for price comparisons and potential second-hand options.
• Budget accordingly: Set aside a portion of your finances for purchasing textbooks, as they are essential for your studies.

4. Entertainment.

While studying is a priority, it’s also important to enjoy your free time and explore the city. Consider these financial factors when planning your entertainment activities:

• Budgeting: Allocate a specific amount for entertainment expenses to avoid overspending. Determine how much you can afford to spend on activities like dining out, going to the movies, or exploring local attractions.
• Nightlife: Maastricht offers a vibrant nightlife scene. Remember to include nightlife expenses in your budget when planning evenings out with friends.
• Sports may be an additional expense. If that’s something you’re planning on doing, keep in mind there will be a cost associated with joining associations or paying for memberships! Allow enough time to compare prices and choose what’s best for you.

5. Part-time Employment Opportunities.

Consider exploring part-time job opportunities to supplement your income while studying in Maastricht. Working part-time can help cover your expenses and provide valuable work experience. Look for job postings within the university, local businesses, or online platforms dedicated to student employment.

6. Financial Aid and Scholarships.

Research and apply for any available financial aid or scholarships that can help support your studies in Maastricht. Check with the university’s financial aid office or explore external scholarship opportunities. Scholarships can provide financial relief and reduce the overall cost of your education.

By considering these financial aspects, you can better manage your expenses and ensure a smooth transition to life as a student in Maastricht. Remember to plan ahead, budget wisely, and make informed decisions to make the most of your time!