How to Live on a Budget on a Study Abroad

Before going abroad, you should be aware of how much money is available to you. From that amount, you can then designate how much you plan to spend on food, activities, drinks, and souvenirs. Living on a budget will be especially vital when living in more expensive cities, and help ensure that you have enough to live on the last week or two abroad. Here are some tips to help you go easy on your wallet.

1. Be aware of the currency’s exchange rate.

Each time you see a price tag, make a mental note of how much that amount converts into US dollars. This will be especially important when you are trying to decide whether or not to buy that flashy dress you want.

2. Grocery Shopping

While many of the restaurants and outdoor food stands are enticing, you are much more likely to save money by grocery shopping, especially if you are not living with a host family. If you are living with another student, ask them if they want to split groceries with you.

3. Be you have an international student card

Before you go abroad, be sure that you apply for an international student abroad. These cards are inexpensive and will save you money in the long run: many countries will only recognize these cards when offering student discounts.

4. Look for inexpensive or free activities

Enjoying a new culture does not have to come at the expense of your wallet. Search online for free museums, concerts, or art galleries, as well as any local parks of interest.

5. Look for secondhand clothing stores

This will be especially useful to those who are especially interesting in shopping for clothes abroad. Before going to the malls or even the outdoor market to get the clothes you want, check a secondhand store first. You may be surprised at what you find.

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