Blogs On Saving Money Tips – How to save money while studying abroad? This is a question that almost all students ask and stress when studying abroad. Here is a list of some of the best hacks, or money saving tips for students that can help you save over $12,000 a year while studying abroad.
Sometimes students get so invested in going to ideal universities abroad and thinking about tuition fees that they forget that they still need a lot of capital to survive. From accommodation to travel and daily meals to entertainment, everything will cost you. Therefore, it is very important that you try to keep your education abroad as cheap and efficient as possible. You can always work part-time, but what if you can’t? If you do your research, there are always easy study abroad tips to save money with or without a part-time job. To save money while studying abroad, here are some quick money saving tips for students to answer the big question: how to save money while studying abroad.
Blogs On Saving Money Tips
When you go abroad for education, research, food, accommodation, travel etc. spending a lot of money from your savings. The amount saved seems like a lot and so most of us don’t think twice before spending on small expenses. And this is where many students make a serious mistake. They don’t budget for their food, accommodation, travel and trips as they should and as a result they end up spending money they could have saved.
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Making a budget helps you in two ways: be organized and save a significant amount of money. I suggest that you consider very basic things like your rent, food, travel expenses, etc. and make a budget list. Also, make sure you don’t use your entire budget and keep a small buffer. For example, if you expect to spend around $5,000 a month, then tell yourself you only have $3,000 a month. Save the remaining $2,000 and save it for future emergencies or fun experiences!
Pay attention to your calling habits when you study abroad. Avoid using conventional services whenever you can and use the Internet or WiFi instead.
Calling both locally and internationally is essential if you are a study abroad student. So if you don’t pay attention, your phone bill will add up very quickly. Although there are apps like Google Duo, Whatsapp, Skype etc. For free online calls, these apps require mobile data or WiFi, which may not always be available. Using cheap phone services carefully and choosing the best deals is the best way to save money while studying abroad. You will be surprised how much you can save on phone calls to your home country by using services such as Rebtel, GoogleFi, etc.
Money Saving Tips To Help With The Rising Cost Of Living
Student discounts are also one of the answers to how to save money when studying abroad. But for this you need to be careful and always carry your student ID with you. From trains to theatres, your student card can help save you money. Don’t hesitate to ask vendors and cashiers if they offer student discounts. You are a student asking for student discounts and there is nothing outrageous about that. Another very easy way to get a student discount is to ask your university office or library if they know of any discounts on various facilities or services. You never know what you might find!
If you are not confident in your cooking skills, you can always check out videos and articles to help you.
Learning to cook is one of the best study abroad tips you can get. Not only does it instill discipline in your lifestyle, but you can also save a lot of money. Honestly, ordering food and take out is not an option when you have to prepare every meal yourself. By bulking up a few meals at the weekend, you can pack your lunches for the whole next week with money that can only cost 2-3 takeaways. Preparing for yourself also allows you to change your diet and live a healthy lifestyle.
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Your local friends and contacts can also help you continue studying abroad affordably. Local people somewhere know how to save money on products and services in that particular area. Where hacking works and where it doesn’t, local will guide you better for that. Their tips and tricks will enable you to save some money on all costs.
When you first arrive at your study abroad destination, you may be excited to get all the supplies you need together. However, we recommend that you stop doing this. It is always cheaper to buy furniture or other valuables at Flea Markets or Garage Sales instead of regular stores. As for all the other things you need for everyday life, you can always buy things in bulk at stores like Costco or Walmart. And the best option? Shop seasonal sales like Black Friday, Boxing Day, Cyber Monday, etc. It’s surprisingly cheap and you can get some crazy deals during these sales.
Every new place you travel to will have great tourist spots and local spots worth checking out. This hack is rare in the list of money saving tips for students. Big cities have many free ways of entertainment that many people don’t know about. Check them out and then visit them in your own time. Museums, parks and cultural shows and many other options can all offer free entertainment.
Money Saving Tips For Students
You can find your roommates before you go to study abroad by checking online sites like roommates.com
Accommodation is one of the biggest concerns of every international student. You need to hack your way into the best accommodation for you as this is the biggest cost outside of your university tuition fees. Living off campus is relatively cheaper than living on campus provided you find the right one. You can also choose multiple roommates to live with and then reduce the rent accordingly.
Now, this is a dangerous but very useful hack, so make sure to be very careful when implementing it! Credit cards are a very popular way to save money while building your credit history with banks. All credit cards have an allowance or limit that you can spend and then pay the bank. So this is one of the biggest money saving tips for students; Get credit cards that reward you for using them. These rewards can be in the form of cash or points that can later be used for really cool offers and save a lot of money. You can also get an airline credit card that allows you to collect “air miles” which you can use to get great discounts on your airline tickets.
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Although public transport is always cheaper, you can always try to find a place close to your university to save money and avoid travelling.
If you’re studying at a university in Europe on a Schengen visa, chances are you’ll make the most of this opportunity and travel to all the places you’ve long identified as tourist destinations. So if you don’t want to strain your student budget while fulfilling your wanderlust, make your trip as cheap as possible. Forget about comfort and just consider prices. In some places bus tickets are lower than the train and vice versa. Evaluate all such rates in advance so that you can make a saving decision at a given time. And for cross-border air travel, book red-eye flights (night flights are cheaper).
Also, travel on foot for most of your intra-city wandering and commuting. It’s good for your health, it’s good for your wallet, and you’ll also be able to experience things from a new and closer perspective.
The Best Money Saving Tips To Help Grow Your Savings
So that’s a wrap, guys! I really hope you all follow these simple and easy money saving tips for students studying and living abroad. If you’re still in the planning stages of studying abroad, check out these blogs that tell you all about choosing the right university, managing finances, testing and preparation, and more! For any other advanced query, you can visit our website or ask any question on our student discussion page. Happy learning!
Answer – Getting a used bike here is definitely a good option. Cycling saves a lot on fuel and maintenance. What’s more, you can always explore the city on your own terms!
Answer – Yes, you can always pay for college on your own through loans, scholarships, grants, or even a part-time job.
Tips For Saving Money
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