How to budget as a scholarship recipient?

I’ll be applying for the Ewha Womans University EGPP Scholarship for the next fall semester. It covers full tuition, admission fee, housing, and a monthly stipend. I already emailed them about the stipend amount, but I was left in the dark.

Based on the most recent Global Korea Scholarship (GKS) stipend I found online, which is approximately 1.1 million won, let’s assume Ewha offers something similar.

Excluding housing expenses and considering that I’m fine with eating at the school cafeteria, what’s a good way to manage this money monthly? Where can I find cheaper options for essentials? How can I budget for a little touristy fun now and then?

Oh, and If I get into 이대, the stipend will be my main source of income since I won’t have family support sending me money.

submitted by /u/clsra
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