I have now been living in Via E. Gola in the south part(Navigli area) of Milan for 6 weeks and I'm starting to get into routines. I figured out a few things, amongst them one for now: There's always something on sale(offerta), so if you're a student or on a budget, look for it!
There's a piazza(I Colonni) a little south of Duomo(The center of Milan), where everyone should visit on a saturday night. It's full of people and you can have e.g a Long Island for 3 euro. Sometimes there are also entertainers there playing with fire-sticks etc.