How to Save Money While Studying Abroad
You may be conscious about spending on things which take the lion’s share of your budget. But the real culprit is the meager transactions in frequent occurrence which leave you broke when it comes time to spend on valuable items. We understand the concern that you wanted to buy tickets for an amusement park ride only to find out you are few amounts less because you could control your urges for snacks.
Below are the tips that will help you save money for either a rainy day or delicious food on a rainy day:
- Ignorance is NOT bliss
If you want to a good bargain, you have to know places where discounts are offered, there is room for bargaining (bazaar or flee market) and cheaper alternatives. Check the Travel Guide or befriend a local who has ample knowledge of the city.
- Carry a minipad and pen with you to keep track of finances
As mentioned previously, tiny expenses turn into a giant monster that becomes a pain in the neck. The minipad should be small enough to fit in your pocket and big enough to write sufficient details on one page.
- Make supermarkets your frequent visiting area
This is a good time to learn cooking and be used to grocery shopping. You’ll save plenty by cooking at home. On top of that, you won’t have to fear the aftermath of eating foreign cuisine. The fresh produce will keep you healthy and energetic for longer travel trips.
- Convenient modes of transportation like public trams and cycling
You may feel that taking a taxi to visit the city centre is the only way to get there. Find out other modes of transportation which are cheaper. Certain cities are bicycle friendly so make use of that and you don’t have to spend any money on travel. If you are a student with an ID, you can either avail discounts on transportation or buy cards which save you on trips.
- Visiting odd times of the year
When you are travelling abroad just for a visit (nothing too special), travel in any time of year except summer. Why? There are more tourists, jacked-up flight rates and hotel rates and overcrowding. Same applies to any country during the month of Christmas and New Year’s Eve.
- Prioritize your entertainment
Okay, you came to your favourite city to enjoy but your wallet can’t afford your indulgences. It is time to choose between spending on rides and museums or on quality dining.
- Not all museums pay for entry. Your travel guide or locals can help
- Major money saver: Finding cheap flights
Who said you must opt for business/first class just to go on a holiday? Make a mind-set of considering the flight as just a means to travel from one place to another; not incorporate it in your travel experiences if you wish to be frugal.
- Use Wi-Fi to contact your friends and families
Apps like Facebook and Whatsapp can assist you. Data roaming charges will not only force you to pull your hair out, but also your cash.
- If you are looking for clean and comfortable accommodations
- You don’t have to degrade yourself to spend time in poor quality accommodations in order to be frugal. Go for family run businesses offering private rooms and apartments.
- Dine in places where rates are lower during particular hours of the day.
How to be aware of these? Join Facebook groups to be notified of their offerings.
- If you wish to visit a location, be flexible in your timing; if you wish to visit at a certain time, be flexible in your locations. You’ll thank yourself on saving travelling expenses.
- Cities offer cards which provide discounts to students at restaurants, at recreational places, cafes etc.
- Detox and enjoy home-cooked meals or snacks at parks
Neither do you have to spend of lavish food with ambience, nor do you have to pay to visit a park.
- Fearful of regular empty pockets? Take part-time jobs to generate income.
That way, you can gain experience and make some money.
- At times 2 one-way tickets are cheaper than a 1 round trip ticket. So do check before buying them.
- If you encounter a situation regularly in a day, find a gadget to assist you at the time of need. This means buying it before flying to your destination to avoid large differences in exchange rates.