7 Budgeting Tips for Better Financial Freedom Abroad!

Published By Gaurav Kandari | March 21, 2024

Spend some minutes in all the stores, with your student card, and you will be able to explore various rewards which include food, travel expenses, and many more things.

Unlock Discounts

For your convenience, it is better to have an account at a local bank in the country where you are studying, so that you can avoid foreign transaction fees.

Local Banking

When budgeting, especially while staying overseas, begin with something small and only measure your monthly spending with budgeting that you won't toss aside.

Budget Wisely

Moving into a dorm room or living with flatmates will lower the financial burden. The average annual cost of living ranges from $10,000 to $18,000 in the USA, £13,000 in the UK, $14,290 to $19,288 in Australia, and $11,800 to $15,750 in Canada.

Affordable Living

Uncover telecom services (phones and the Internet) that fit your needs and budget. Also, moving forward, we should consider using a bicycle or bus as a transportation alternative.

Budget-Friendly Services

In the beginning, list down your day-to-day expenses first, then put your income in those essential items. Moreover, the more you will buy them on sale, the fewer extra expenses you will have which will make your savings grow.

Shop Smart

Ask the college if you may be able to get a part-time job between the middle and the end of the semester. This will not only add to your additional income but also help you through the holidays.

Additional Income