Students tips to save money abroad

Student tips for saving money

Find below some tips on how to save money while you are studying abroad. First of all, before you go abroad, get to know the country you are heading to. Is this country a higher standard country? Is the standard higher than in your home country? If yes, then you will have to be really careful when spending money and you will have to organize your monthly expenses, unless you are very rich, which I doubt.
Well, if you are, then you probably aren’t reading this article anyway. So, here are some good advices on how to spend less money during your exchange.

How to spend less money?

Pay attention to your phone usage. You don’t want your phone bill to go sky high. Consider buying a pre-payed sim card when you are abroad. This way you can call much cheaper. Also consider installing skype on your laptop and talk to your family, friends or partner using a computer. If you like to travel a lot than check university or college websites for some special offers for erasmus students. You will usually get a discounted price. Also, buying a bike for traveling around the city you live in could also save you a lot of money. You can buy a second-hand bike and sell it when you are leaving the country.

Paying for monthly tickets for bus, train or underground can be expensive. Just take care of you bike so it will not get stolen. Buy a decent lock. You can also walk around town. The best way to see the town in details is by foot. If you are good in kitchen that you can prepare food at home. Actually, this way you will spend a lot less than eating outside every day. You can also split money for buying food in market. Of course you need to try local food specialities but be rational. If you will cook for friends or neighbours you will be quite popular amongst other students. (If you are a good chef).

You can turn lunches, dinners into a really nice social events where you can meet other people. When you go to store to buy something, for example a souvenir for a friend, try to haggle. Try to get the lowest price possible, but don’t go too low on price. After all, you are a tourist, not a stock broker. For accommodation try to find the cheapest one there is. The best way of course is to live at your relatives, but not many have that luck. Another good way to spend less for accommodation is to switch apartments with someone. Hope this helps a bit, you can always comment down below and post your tips.