9 money tips to make sure you don't spend your time studying abroad broke
study abroad journey successfully.
1. Identify Your Essential Expenses:
Pinpoint your non-negotiable costs for daily life, including rent, transportation, groceries, utilities, and healthcare. Understanding these expenses is crucial for maintaining a comfortable standard of living.
2. Look for Potential Fund Sources:
Explore various funding options such as loans, scholarships, grants, part-time work, savings, and family contributions. Your available funds form the foundation of your financial plan.
3. Calculate Disposable Income:
Deduct essential costs from your total funds to determine your disposable income. This is the money available for non-essential items and leisure activities, giving you flexibility in your spending.
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« Back to recommendation storiesI don't want to see these stories becauseSUBMIT4. Utilize Budgeting Apps:
Consider using budgeting apps to manage your finances effectively. These apps help you create budgets that align with your income and expenses, enabling you to track your financial health and make informed spending decisions.
5. Choose Affordable Accommodation:
On-campus housing is often cost-effective, covering expenses like electricity, internet, water, and transportation. Dormitories provided by your institute can be a wise choice.
If you prefer off-campus living, consider sharing an apartment with roommates to reduce costs. Explore accommodation options in smaller towns, which tend to offer more affordable choices.
6. Embrace Second-Hand Purchases:
Cut expenses by buying pre-owned
