Studying abroad is an amazing experience, but it can be expensive. As an international student, it’s essential to save money wherever possible. In this blog, we’ll share some tips on how to save money while studying abroad.
Create a budget
First things first, create a budget. Knowing how much you can afford to spend every month is essential. Track how much money you have coming in, versus how much needs to go out. List all of your expenses including rent, food, transportation, and entertainment. Then, look for ways to cut unnecessary expenses.
Eating out or ordering takeaway often can quickly add up, so try meal prepping instead. Not only is it healthier, but it’s also cheaper. You can cook in bulk on the weekends and freeze your meals for the week. This way you won’t buy something expensive next time you feel hungry.
It can be tempting to buy new clothes all the time, especially if you’re living in a fashionable city. However, whatever you’ve just seen on Instagram or TikTok, you don’t need it! And if you really do need it, make sure you buy it at a discounted price. Thrift stores and online sales can be great options for affordable, stylish clothes.
You’re a student, so take advantage of that! Pretty much everywhere you go, there will probably be a student discount. And if you’re not sure if that particular place has any student deals, just ask! It’s not embarrassing or weird. Student discounts can save you a lot of money from cinemas to museums, restaurants to shops.
Travelling can be expensive, but it’s an essential part of studying abroad. Plan your trips in advance to get the best deals on flights and accommodation. Try to travel during the off-season, and avoid peak holiday times like Christmas and Easter. Consider hostels or Airbnb as cheaper alternatives to hotels.
Use public transportation
Use it if you live in a city with a good public transportation system. Public transportation is often cheaper than taxis or rental cars. Consider getting a monthly pass instead of paying for individual tickets, and explore the city by foot or bike.
In conclusion, studying abroad can be costly, but with these tips, you can save money while still having a great experience. Keep in mind that being a student often means access to various discounts, and budgeting is key when it comes to financial planning. By following these tips, you’ll be able to enjoy your study abroad experience without worrying about breaking the bank.