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Saving Tips for People Studying Abroad

Studying abroad is a great way to learn about history, art, culture, anthropology, politics, language, communications, science, and math. Whatever you are studying, you can find a place to travel with a lot of value in your field. However, some people are hesitant because of the cost. Don’t let that stop you from a once in a lifetime experience! Here are some ways to save money while studying abroad.

1. Pick an inexpensive city

Certain cities have an extremely high cost of living. Others are significantly more reasonable. Pick the right city so that you don’t end up paying an arm and a leg for decent accommodations and food, not to mention transportation. These things add up, especially over a span of months. You’ll be happy you went to a city with cheap living costs. Lisbon, Portugal and Barga, Italy will be cheaper than London and Paris. Choose your city wisely.

2. Transfer money wisely

The fees for transferring money can really get to you. It’s a good idea to take out more than you anticipate you will need initially so you only have to pay transfer fees twice- when you get the foreign money and when you exchange any extra back. Budget your vacation and take out a little extra. No matter how careful you are, there are a number of reasons why you might need to take out more money or ask family for money. In this case, look up how people can send money internationally in the least expensive way possible.

3. Look at inexpensive housing options

You have a lot of options when it comes to your housing when you study abroad. You may have the opportunity to stay in the dorms at a foreign school. You may also have the opportunity to stay with a host family. Some people go a more independent route and stay at hostels in the area. Hostels are known for being an inexpensive option. However, you must stay at the hostel with a number of other people. You never know if the people you are staying with are cool or awkward. Most people enjoy staying at a hostel since it gives them the opportunity to meet new people while saving money.

4. Get a job

If you want money while you’re abroad, it’s a good idea to get a job. Consider teaching English. If you don’t want to do that, you could find work in your local area. However, if you want to work, it’s best to have a job lined up before you leave. You shouldn’t rely on an income you don’t have yet. You should also have a backup plan for if your job doesn’t work out.

5. Learn the public transportation

Ubers and taxis are expensive. If you can learn how to navigate the public transportation system in your city, you will save a lot of money. You should plan to go at a time when the weather isn’t too bad so you won’t mind the commute. many cities offer passes for the entire week or month that can get you extra discounts if you use the public transportation regularly. Be careful you get a pass that covers everything you will need transportation-wise.

6. Look for free activities in the area

Many of the popular things in your city will likely cost a lot. It’s easy to charge more when something is a popular tourist attraction. Instead, look for things that are comparatively inexpensive or even free. Ask people around town. You can also do your own research. Many small museums, parks, scenic locations, and even activities will be free on certain days. Take advantage of the things that don’t cost as much.

Many people consider their time traveling abroad a very special time for them. It helped them to learn about a different culture, but it also helped them to grow as a person. You learn things during this time that you can’t learn at home. While it’s an important part of your growth, you don’t want to spend an arm and a leg. Use these tips to save money while studying abroad for school.

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