Studying in Malta? Here’s How Pakistani Students Can Manage Finances

Studying abroad in Malta can be an exciting and life-changing journey for Pakistani students. However, managing finances in a foreign country can be challenging, especially when dealing with tuition fees, daily expenses, part-time jobs, and the need for families to send money from Pakistan to Malta. This comprehensive guide is tailored to help Pakistani students in Malta confidently manage their money and budget smartly.

Understanding the Cost of Living in Malta

Malta offers a high standard of education at costs that are generally more affordable than many other European countries. However, maintaining financial stability still requires thoughtful planning.

Students typically spend on key essentials such as rent, groceries, transportation, internet, and leisure activities. Accommodation tends to be the biggest expense, followed by food and basic utilities. Transportation for students is subsidized, making commuting manageable. Other costs like clothing, entertainment, and personal items also add up over time.

By understanding where your money goes each month, you can identify areas to cut back and manage your budget more effectively.

Budgeting Tips for Pakistani Students in Malta

To stay financially afloat and avoid running out of money mid-month, use these student-friendly budgeting strategies:

Track and Review Spending

• Download apps like Money Lover or Mint.
• Log expenses daily and monitor weekly spending habits.
• Set limits for different categories (food, leisure, and transport).

Tap Into Student Discounts

• Always carry your student ID.
• Ask for discounts at cinemas, museums, restaurants, and public transport.
• Use platforms like ISIC or UNiDAYS for digital student offers.

Open a Local Bank Account

• Essential for paying rent, receiving part-time income, and managing transactions.
• Top options include HSBC Malta and Bank of Valletta.
• Look for accounts with no maintenance fees and student benefits.

Meal Prep to Save

• Buy in bulk from affordable stores like Lidl or Pavi.
• Share groceries with flatmates.
• Cook meals in batches and avoid unnecessary takeouts.

Emergency Funds and Saving Practices

Unexpected events can quickly deplete your budget. It’s wise to:

• Set aside at least 10% of your monthly allowance.
• Use budgeting apps with savings goals (e.g., Revolut Vaults).
• Avoid dipping into your emergency fund for everyday expenses.

This safety cushion offers peace of mind in case of health issues, travel needs, or sudden academic costs.

Working Part-Time While Studying in Malta

Studying in Malta can be an exciting and life-changing experience for Pakistani students. But along with education comes the responsibility of managing living expenses, part-time jobs, and sometimes even supporting families back home. Whether you're working shifts at a local café or receiving a scholarship, every euro counts.

Understanding your legal work rights and choosing the most efficient way to send money home can make a big difference. From financial aid options to cost-effective money transfer solutions, this guide covers everything Pakistani students in Malta need to know to stay financially smart and stress-free.

Legal Work Hours for Students

Pakistani students can work:

• Up to 20 hours per week during academic sessions.
• Full-time during holidays and semester breaks.

Popular part-time jobs include:

• Hospitality (cafés, restaurants, hotels)
• Retail (cashiers, store assistants)
• Administrative work within universities

Financial Aid & Scholarships

In addition to part-time work, students can apply for:

• Malta Government Scholarships
• Erasmus+ Program grants
• University-specific merit-based or need-based aid

These options can significantly reduce your tuition and living expenses.

Comparing Transfer Methods: What’s Best for Students?

When supporting a family back home, every euro counts. Let’s compare two common ways Pakistani students transfer funds to Pakistan:

Traditional Banks

• Longer transfer times (2–5 business days)
• Higher fees and poor exchange rates
• Limited tracking and flexibility

ACE Money Transfer

•  Transfers completed in minutes
•  Low-cost with competitive exchange rates
•  Full tracking via mobile app
•  Easy access to customer support
• Designed with students and expats in mind

If you're looking for a secure, budget-friendly, and quick money transfer from Malta to Pakistan, ACE is a top-rated choice.

Why ACE Money Transfer is a Trusted Choice?

When sending money internationally, reliability and transparency matter. ACE offers:

• Real-time tracking for your transfers
• Zero hidden fees and excellent exchange rates
• Seamless online and app-based process

ACE’s platform has been designed for expats, students, and workers, offering unmatched convenience and affordability when you send money to Pakistan online from Malta.

Smart Financial Habits to Adopt

Want to stay financially healthy while studying abroad? Try these:

• Buy second-hand: Textbooks, electronics, and furniture
• Use university resources: Free access to Wi-Fi, printing, and software
• Limit luxury spending: Avoid impulsive purchases
• Plan monthly goals: Stick to saving and expense targets

Thrive Financially While Studying Abroad!

Balancing academic responsibilities with financial management isn’t easy, but it’s doable. By tracking your spending, working part-time, building a savings buffer, and choosing a low-cost remittance solution, you can stay on top of your finances. With a secure, fast, and student-friendly solution like ACE Money Transfer, you can support your loved ones back home while focusing on your education in Malta. Try ACE today and experience effortless transfers to Pakistan at unbeatable rates!

FAQs 

What’s the most affordable way to send money to Pakistan from Malta?

ACE Money Transfer is among the most affordable and reliable services for online money transfer to Pakistan from Malta, with excellent exchange rates and low fees.

Can students legally work while studying in Malta?

Yes. International students can work up to 20 hours a week during their academic year and full-time during holidays.

What documents are needed to open a student bank account in Malta?

Typically, you’ll need your passport, student visa or residence permit, proof of address in Malta, and a university enrollment letter. Requirements may vary slightly by bank, so it’s best to check in advance.

Is ACE Money Transfer secure for students?

Absolutely. ACE is regulated, uses encryption for data protection, and has 4.7+ ratings on Trustpilot.

Do I need a Maltese bank account for daily transactions?

Yes. Opening a local bank account simplifies payments, reduces fees, and is often required by employers and landlords.