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Tips for studying abroad on a budget

Written by ESC Author on 18 Aug 2021 Posted in Blog

Financial strain is a major issue for overseas students, particularly for those who do not receive financial help and must pay tuition and living expenses on their own. So, if you're dealing with a similar issue, you should look into these suggestions. Here are some budget-friendly study abroad tips:

Apply for Scholarships EARLY!

The sooner you apply, the greater your chances of not only earning money, but also receiving more money! There are a plethora of scholarships available. Scholarships are available for almost every study abroad programme. Do your homework and apply for scholarships as well!

Choose a Location Where the Cost of Living is LOW!

With varied currency exchange rates around the world, you'll be able to stretch your dollar a lot further in some nations, so check the rate in the country you're considering! English-speaking countries such as Australia and the United Kingdom are among the most expensive.

Avoid Large Cities!

So, let's say you're dead set on moving to a country with a high cost of living. Smaller cities are usually more cost-effective. However, this does not imply that you must avoid all large cities. Most major cities will be accessible by bus or metro.

Opt for Home stays!

You may be able to conduct a house stay while studying in some regions. Essentially, this implies that you will live with a family from the nation in which you are studying. That may sound unusual or even frightening, yet students who return home after studying abroad always rave about their home stays! If you don't think home stays are for you, consider living in a dorm and purchasing a food package on campus. It's sometimes the most cost-effective way to eat while travelling.

Talk to Your Bank!

If you intend to use a debit card to withdraw funds while travelling, make sure to contact your bank first! Sometimes banks form alliances with other nations, allowing you to withdraw funds from a "sister bank," which means no ATM costs!

Make Yourself a Spending Budget!

Plan out how much money you'd like to spend over the course of a week. Then perhaps divide it! You'll be more careful with your money this way. After that, once you've gotten the hang of it, you may alter the amounts and keep track of how much money you're spending and on what!

Use Public Transportation!

Some students are unfamiliar with public transit and want to avoid it while studying abroad. Your safety is paramount, so be cautious! It's ideal to travel in a group or with a few buddies, especially if you're going late at night. Taking taxis on a regular basis can quickly add up. Not only are subways and buses less expensive, but they are also speedier! Just be sure to keep a tight eye on your belongings.

Ask About Student Discounts!

When browsing for activities to do, there are often several discounts available! Don't be afraid to ask questions, and keep your student ID on you at all times. Student cards are also available in several areas, which provide savings on museums, public transportation, and hostels. Make sure to research and take advantage of the alternatives in your selected country and city!

Find Free Entertainment!

Look for free or low-cost activities to participate in. Museums, for example, are genuinely free to the public! Be adaptable and open-minded.

Anyone can benefit from studying abroad, but it comes with its own set of problems. It's ideal to make the most of this once-in-a-lifetime occasion, but money can truly sabotage the experience. That is why you should make every effort to live within your means. Make as many memories as you can and don't worry about the minor details. Make sure it's a good narrative because you'll be telling it to people for the rest of your life. Best of luck on your adventure!

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