Being smart with money is the skill not everybody possess; therefore, it is recommended to most of the people to be smart while they are studying abroad. Studying abroad is one of the best experience that a student can have; however, you cannot avoid the additional expenses that are attached to them. While you are studying abroad, you cannot just stay in one place, and you would want to travel more both within the country you are studying or maybe to have more fun there. Here at the platform of My Assignment Help, we provide you with the tips that can help you manage money and have fun altogether while you are studying abroad on your own completely.
We get it, uphill now your parents were the head of this department, but now that you are on your own you are required to take matters in your hand and be smart with the budgeting. Learn to make the budget and most importantly stick with it. If you do not keep a check on your money, you are more likely to run short of it very soon. While you go abroad with the money, it seems a lot of money at the start, but if you do not learn to manage money smartly, you will be left with no money quite soon.
- Students Discounts
Countries all over the world give additional and extra discounts to the students, and you are advised to make use of it as much as you can. Whether you are out having dinner in a café or out for a movie with a friend. Make sure you are availing all the student discounts. Keep in mind you are a student only with the limited amount in hand, therefore visit the affordable places only.
- Public Transport
We get it, back in the home you had your own driver, and you never took any public transport and waited in line to get in the public buses. But here you are in the international country with limited resources, and you cannot spend thousands on your commute only. Be smart and make full use of public transport, take time out and with the help of friends, try to understand how the public transport works there. Or you can always take the help of the mobile phone applications to search for the cheapest and the easiest route to your college.
- Part-Time Work
I cannot stress enough how important it is to look for part-time work while you are studying abroad. With the extra money that you earn from your part-time job, you can have the relaxation in your budget, and you can also spend your earnings on your vacations or save them to send back to your home. But I would advise you to check the visa conditions as well before you start working somewhere. As a few of the countries do not allow their international students to work along with their studies.
- Learn to cook
We all miss our homemade food while we are out of the city or country. Home-cooked dishes is the luxury that we do not give much importance mainly because back at home it was always easily accessible. However, now that you are on your own and cannot afford to spend thousands on food, it is better for you to learn to cool the local dishes. It will not only help you save, but you will also have the taste f the local dishes in another country.
- Low living cost
While you are still searching for the university to take admission in, make sure you are choosing the cities that are comparatively cheap and does not cost hand and leg. There are many countries where the living cost is lower as compared to the USA or UK. Such as Big Mac in the USA cost almost $8 whereas in Mexico it costs $4 only. Have authentic research first, look for your options and then choose the one that is most suitable for you both financially and socially.
- Bank Account
It is better to have your own personal account in the country you are studying. Having a bank account also helps in saving money. It is the smart approach to open a bank account in the host country and take full advantage of both the debit and credit cards. However, there has to be a limit of the use too, spending too much even if you have a bank account is not a smart idea.
The advancement in technology has made everything so much easier; everything is just a click away. There are many applications that can help you manage your budget smartly. Make use of them and most immortally focus on studying better.
Rachel Augustus is the PhD scholar and has been working with Assignment Writing Online
for the past two years. We have been honoured to have her services as she provides help to the students in managing their budget.