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How To Save Millions Of Naira As A Foreign Student In Europe. - Travel - Nairaland

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How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 11:45am On May 24
Good morning, good afternoon, good evening to all my fellow Nigerians.
It's me Basalt, the guy that doesn't mince words, and today I will be talking about the ways foreign students who study in Europe (especially in Germany) can still save millions of naira even before finishing their studies. Believe me it is not really easy but most of our lifestyles are making it even more difficult.

1. Stay in the student hostel. The number one thing eating deep in our pocket is accommodation. I know of a friend that pays over €500 every month in accommodation alone.
Student hostels are usually subsidized for students, and you save more money when you pay less for rent.

2. Stay away from public health insurance if you are above 30yrs and you are not working a full-time job unless you have medical issues. If you are working full-time in Germany, public health insurance is compulsory. Your firm pays half and you will pay half, that is understandable but in a situation where you are not working full-time, you will pay almost €200 alone as insurance for someone who is above 30yrs old.
If you minus such a big amount, minus your rent. Wetin Remain?

3. Avoid girls that are too demanding, if you were single before coming to Germany, then date only girls that are here with you in Germany, most girls in Germany work and make their own money. So they will never be a pest to you and you will have a physical companion, not a phone companion that always calls to demand money.
What most girls will do is this.
First of all, they try to establish a relationship with you for months by chatting and asking you how you are and showing concern, then they move into the phase of milking you dry with numerous financial problems. Avoid such girls like plagues. Once they start demanding, start ignoring.

4. Stop sending money home unless for an important project or for an emergency. You can always use the excuse of being a student or Corona virus to prevent some unnecessary begging. Don't give shishi unless saving of life is involved or you are sending money to buy land , build a house etc.
If you keep sending money to everyone that demands, you will always go broke.

5. Never stay too long without working. Europe is not a place to live without working. If the semester is on, you will probably be too busy with studies to work full time, get a part-time job or a mini job to support yourself, and pay bills otherwise you will have no option than to spend the ones you saved before.

6. Stop buying expensive gadgets on loan. Buying properties on loan gives you a false illusion that you have arrived when you don't have anything.
You buy the latest iPhone on credit, you buy E-bicycle on credit, you buy big plasma TV on credit, you buy Macbook on credit, you buy a screen touch laptop on credit, some even buy a car on credit as a foreign student (though mostly not Nigerian students) .
When you buy all these things on credit, you will live a life of debt, and hardly will you make savings because you are practically working for your debts.

7. Avoid unnecessary parties and celebrations. When you organize parties for almost everything, you spend money you should have saved. Remember you are just a student, you don't have a professional job yet, you can still be kicked back to Nigeria when you fail to get a job within 18 months of graduation (God forbid).

8. Stop posting exortic pictures on facebook. People in Nigeria have that mindset that whoever goes on vacation is rich, they have the mindset that whoever enter aeroplane or even eat chicken is rich. So when you post such mouth watery pictures on facebook with nice environment coupled with your abroad induced freshness, you will create an illusion that you have arrived and you will only attract known and strange people begging in your dm. So you can avoid such disturbance by staying on a low key online.

256 Likes 23 Shares

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by horlahsunbo225(m): 12:57pm On May 24
This is good

7 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Teaser4(m): 1:15pm On May 24
Following

1 Like

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Cousin9999: 1:44pm On May 24
9. Go somewhere cheap (e.g. Spain), and work remotely.

35 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Adex2442: 2:58pm On May 24
Chai. U nailed it. Buh lemme ask are there much jobs in Germany?? What's the average pay?

5 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by blessedchild234: 4:49pm On May 24
Success is not far from you bro.

15 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Styluss(f): 4:50pm On May 24
Thanks for this sir... Pls do you have any information about surviving in Turkey as a master's student? cry any posibility of migrating to Europe from turkey?
@basalt

8 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Abiliboi: 5:31pm On May 24
See vital brain wey flee Naija. Oil dey your head bru

44 Likes 3 Shares

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by 1beat(m): 5:48pm On May 24
Very good advice

4 Likes 1 Share

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 10:54pm On May 24
Cousin9999:
9. Go somewhere cheap (e.g. Spain), and work remotely.



Good, but normally the cheaper a country is, the cheaper the average salary.

28 Likes 1 Share

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 10:58pm On May 24
Adex2442:
Chai. U nailed it. Buh lemme ask are there much jobs in Germany?? What's the average pay?

Na Germany get industry and money pass for entire Europe and among the top 5 countries wey get money and industry pass in the entire world. So I guess that should answer your question,
Furthermore, places like Eastern Germany are said not to have jobs like other sides. This is a rumor, I have not lived in Eastern Germany before. The minimum salary people without skills usually earn is 10 Euro per hour. This is different when you work at midnight, when you have good skills, or when you are a professional.

55 Likes 6 Shares

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 11:02pm On May 24
blessedchild234:
Success is not far from you bro.

Thanks so much my brother

3 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 11:05pm On May 24
Styluss:
Thanks for this sir... Pls do you have any information about surviving in Turkey as a master's student? cry any posibility of migrating to Europe from turkey?
@basalt
.

I really don't know about education in Turkey. I have only been there once, I landed at Instabul and connected to another flight to Germany.
Again, I don't know much about this, but the most populous foreign immigrants in Germany are Turkish. So there is a possibility but I don't know for foreigners residing in Turkey.

25 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 11:05pm On May 24
Abiliboi:
See vital brain wey flee Naija. Oil dey your head bru
Thanks 4 ur compliments bro

5 Likes 1 Share

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Cousin9999: 11:12pm On May 24
Basalt:


Good, but normally the cheaper a country is, the cheaper the average salary.

Re-read my comment.
Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 11:23pm On May 24
Cousin9999:


Re-read my comment.
Ohhh, sorry for that. That method (working remotely) is actually the bomb if you want to hit big, you enjoy a low cost of living and still earn high salary.
Whenever you earn high from a place you spend low i.e income being greater than expenses by far, you make a lot of savings.

24 Likes 3 Shares

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Styluss(f): 12:25am On May 25
Basalt:
.

I really don't know about education in Turkey. I have only been there once, I landed at Instabul and connected to another flight to Germany.
Again, I don't know much about this, but the most populous foreign immigrants in Germany are Turkish. So there is a possibility but I don't know for foreigners residing in Turkey. Thanks for your response


Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Styluss(f): 12:26am On May 25
Basalt:
.

I really don't know about education in Turkey. I have only been there once, I landed at Instabul and connected to another flight to Germany.
Again, I don't know much about this, but the most populous foreign immigrants in Germany are Turkish. So there is a possibility but I don't know for foreigners residing in Turkey.


Thanks for your response

1 Like

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Kusheer(m): 12:07am On May 26
How does surviving in France as a student looks like

1 Like

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by YungLasaint(m): 11:10pm On May 31
Cousin9999:
9. Go somewhere cheap (e.g. Spain), and work remotely.



Can you shed more information on this?
Re: How To Save Millions Of Naira As A Foreign Student In Europe. by YungLasaint(m): 11:13pm On May 31
Cousin9999:
9. Go somewhere cheap (e.g. Spain), and work remotely.




Can you shed more light on this?

1 Like

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by iamadonis2(m): 11:33pm On May 31
I de follow live and direct!
Re: How To Save Millions Of Naira As A Foreign Student In Europe. by hammed71(m): 3:01pm On Jun 04
Basalt:

Ohhh, sorry for that. That method (working remotely) is actually the bomb if you want to hit big, you enjoy a low cost of living and still earn high salary.
Whenever you earn high from a place you spend low i.e income being greater than expenses by far, you make a lot of savings.
Basalt please between Germany,Poland,uk and Canada, which should i go for my masters.
thanks
Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Potatochips(m): 8:55pm On Jun 04
Basalt:
Good morning, good afternoon, good evening to all my fellow Nigerians.
It's me Basalt, the guy that doesn't mince words, and today I will be talking about the ways foreign students who study in Europe (especially in Germany) can still save millions of naira even before finishing their studies. Believe me it is not really easy but most of our lifestyles are making it even more difficult.

1. Stay in the student hostel. The number one thing eating deep in our pocket is accommodation. I know of a friend that pays over €500 every month in accommodation alone.
Student hostels are usually subsidized for students, and you save more money when you pay less for rent.

2. Stay away from public health insurance if you are above 30yrs and you are not working a full-time job unless you have medical issues. If you are working full-time in Germany, public health insurance is compulsory. Your firm pays half and you will pay half, that is understandable but in a situation where you are not working full-time, you will pay almost €200 alone as insurance for someone who is above 30yrs old.
If you minus such a big amount, minus your rent. Wetin Remain?

3. Avoid girls that are too demanding, if you were single before coming to Germany, then date only girls that are here with you in Germany, most girls in Germany work and make their own money. So they will never be a pest to you and you will have a physical companion, not a phone companion that always calls to demand money.
What most girls will do is this.
First of all, they try to establish a relationship with you for months by chatting and asking you how you are and showing concern, then they move into the phase of milking you dry with numerous financial problems. Avoid such girls like plagues. Once they start demanding, start ignoring.

4. Stop sending money home unless for an important project or for an emergency. You can always use the excuse of being a student or Corona virus to prevent some unnecessary begging. Don't give shishi unless saving of life is involved or you are sending money to buy land , build a house etc.
If you keep sending money to everyone that demands, you will always go broke.

5. Never stay too long without working. Europe is not a place to live without working. If the semester is on, you will probably be too busy with studies to work full time, get a part-time job or a mini job to support yourself, and pay bills otherwise you will have no option than to spend the ones you saved before.

6. Stop buying expensive gadgets on loan. Buying properties on loan gives you a false illusion that you have arrived when you don't have anything.
You buy the latest iPhone on credit, you buy E-bicycle on credit, you buy big plasma TV on credit, you buy Macbook on credit, you buy a screen touch laptop on credit, some even buy a car on credit as a foreign student (though mostly not Nigerian students) .
When you buy all these things on credit, you will live a life of debt, and hardly will you make savings because you are practically working for your debts.

7. Avoid unnecessary parties and celebrations. When you organize parties for almost everything, you spend money you should have saved. Remember you are just a student, you don't have a professional job yet, you can still be kicked back to Nigeria when you fail to get a job within 18 months of graduation (God forbid).

8. Stop posting exortic pictures on facebook. People in Nigeria have that mindset that whoever goes on vacation is rich, they have the mindset that whoever enter aeroplane or even eat chicken is rich. So when you post such mouth watery pictures on facebook with nice environment coupled with your abroad induced freshness, you will create an illusion that you have arrived and you will only attract known and strange people begging in your dm. So you can avoid such disturbance by staying on a low key online.
Wise words, bro. I'm in Germany and I can testify that all you have said is true. When I just came, I was sending money home left and right. The demands became unbearable. I know better now. It's good to save, because if anything happens, it's all man for himself. As for the babe issue, it's better to have someone here, though it's a bit difficult or something.

22 Likes 1 Share

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by 79733139(m): 8:12pm On Jun 06
Some guys would read this and still make the mistake of doing it.

Basalt:
3. Avoid girls that are too demanding, if you were single before coming to Germany, then date only girls that are here with you in Germany, most girls in Germany work and make their own money. So they will never be a pest to you and you will have a physical companion, not a phone companion that always calls to demand money.

5 Likes 2 Shares

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by UrVillagePpl: 9:24pm On Jun 06
Basalt:
Good .
OP thanks for this right up.
Please let me ask some questions...

I intend going to Germany for my master soon.(but I'm still saving)

1. I heard schools in Germany are free, how true is that.
2. If I'm to fund myself for my master, please like how much can I budget for my complete masters program.
3. Do I have guarantee of getting job as soon as I land there.

Please just tell me the basic things I need to know.
Thanks in advance

6 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by iamadonis2(m): 4:47pm On Jun 07
UrVillagePpl:

OP thanks for this right up.
Please let me ask some questions...

I intend going to Germany for my master soon.(but I'm still saving)

1. I heard schools in Germany are free, how true is that.
2. If I'm to fund myself for my master, please like how much can I budget for my complete masters program.
3. Do I have guarantee of getting job as soon as I land there.

Please just tell me the basic things I need to know.
Thanks in advance

There's an earlier thread OP made with this info.

4 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 3:46am On Jun 08
hammed71:
Basalt please between Germany,Poland,uk and Canada, which should i go for my masters.
thanks

I would choose Canada.
Then Germany
Then UK.
I wouldn't go to Poland for my masters, but that's just my own personal opinion.

And moreover when choosing a country for Msc also consider the acceptability rate and the financial requirements.

16 Likes 1 Share

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 3:49am On Jun 08
Potatochips:

Wise words, bro. I'm in Germany and I can testify that all you have said is true. When I just came, I was sending money home left and right. The demands became unbearable. I know better now. It's good to save, because if anything happens, it's all man for himself. As for the babe issue, it's better to have someone here, though it's a bit difficult or something.

I agree with you, it's quite difficult though I have not actually tried shaa.
I have been so busy since 2019 October I landed here.
Maybe after completing my project, I fit dey reason girl matter grin

9 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 3:49am On Jun 08
79733139:
Some guys would read this and still make the mistake of doing it.

cheesy
A word they say is enough for the wise

3 Likes

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by Basalt(m): 3:54am On Jun 08
UrVillagePpl:

OP thanks for this right up.
Please let me ask some questions...

I intend going to Germany for my master soon.(but I'm still saving)

1. I heard schools in Germany are free, how true is that.
2. If I'm to fund myself for my master, please like how much can I budget for my complete masters program.
3. Do I have guarantee of getting job as soon as I land there.
Please just tell me the basic things I need to know.
Thanks in advance

1. Yes, education in German government owned universities are free, you only need to pay some few Euros every 6 months depending on your school. They call it semester contributions which is mainly for your transportation within the city. It might even be less in some schools sef. That's free honestly.

2. If you can successfully fund your block account which is about €10,332 then you only need to burget for your flight, accommodation and small pocket money before the money will start being unblocked for you.
It depends on your pocket but I think €1000 (temporary pocket money plus accommodation) will be perfect after paying for your flight.
3. Nothing is guaranteed in Germany for you bro. You can even stay upto 6 months without working depending on the city you are heading to. When you stay that long, it means you will be living with your blocked account because no work, no income.
You can also be lucky to get a work within one month of arrival just like me,
But just note that nothing is guaranteed for you in Germany.
Absolutely nothing, not even work.

In addition to this, you have to note that before you get work in Germany as a foreign student, there are things you must do first.
1. You must first enroll in school and have enrolment certificate.
2. You must get your own registered accommodation. Getting an affordable accommodation in Germany is not easy, you have to know that.
3. You must process your resident permit and have your work permit ready.
It took me less than a month to get everything done and I was lucky to come around October when companies were actively recruiting for December prime work.

All companies in Germany will demand for these major things before giving you a job contract so everything depends on when you are able to get all these things ready.
It took some people months to get accommodation which is needed to process your resident permit and subsequently work permit.
So the faster you get them ready, the faster your chance of being eligible for employment.

62 Likes 6 Shares

Re: How To Save Millions Of Naira As A Foreign Student In Europe. by UrVillagePpl: 8:00am On Jun 08
Basalt:


1. Yes, education in German government owned universities are free, you only need to pay some few Euros every 6 months depending on your school. They call it semester contributions which is mainly for your transportation within the city. It might even be less in some schools sef. That's free honestly.

2. If you can successfully fund your block account which is about €10,332 then you only need to burget for your flight, accommodation and small pocket money before the money will start being unblocked for you.
It depends on your pocket but I think €1000 (temporary pocket money plus accommodation) will be perfect after paying for your flight.
3. Nothing is guaranteed in Germany for you bro. You can even stay upto 6 months without working depending on the city you are heading to. When you stay that long, it means you will be living with your blocked account because no work, no income.
You can also be lucky to get a work within one month of arrival just like me,
But just note that nothing is guaranteed for you in Germany.
Absolutely nothing, not even work.

In addition to this, you have to note that before you get work in Germany as a foreign student, there are things you must do first.
1. You must first enroll in school and have enrolment certificate.
2. You must get your own registered accommodation. Getting an affordable accommodation in Germany is not easy, you have to know that.
3. You must process your resident permit and have your work permit ready.
It took me less than a month to get everything done and I was lucky to come around October when companies were actively recruiting for December prime work.

All companies in Germany will demand for these major things before giving you a job contract so everything depends on when you are able to get all these things ready.
It took some people months to get accommodation which is needed to process your resident permit and subsequently work permit.
So the faster you get them ready, the faster your chance of being eligible for employment.

Thanks a million Sir. I appreciate

8 Likes

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