Financial management strategies for students preparing for the UPSC exam include budgeting, prioritizing expenses, and seeking institutional support. Candidates should create a detailed budget plan that outlines necessary expenses while allocating funds wisely for study materials and coaching. Utilizing free resources like online lectures can significantly reduce costs. Additionally, part-time work or stipends can ease financial burdens. Joining study groups can help share costs of resources such as books. Tracking expenditures and adjusting as necessary fosters a disciplined financial approach, ensuring that candidates remain focused on their ultimate goal of passing the UPSC exam.