It is possible to save money while you are living in another country if you know which corners to cut and what tips to follow.This also doesn’t mean you need to give up any of the fun activities that can come with foreign study, such as sightseeing, souvenir shopping, and the occasional night of bar hopping.
Scholarships -One of the best ways to fund your studies abroad, scholarships can make all of the difference between leaving and staying. There are hundreds of scholarships available through a wide variety of businesses, organizations, and even nationally-sponsored grants aimed at students just like you. The competition is fierce for these limited scholarships, making it important to apply as far in advance as possible for one.
Friends-This category can be interpreted in two ways. First, it can be cheaper to travel with a friend to split costs, such as rent and groceries. You can also save money by making friends in your new country who can teach you insider secrets on where to shop for less, eat, and activities to do that can cost little to no money. You might even wind up with a free room and board, as well as home-cooked meals!
Budget-One of the easiest ways you can spend way too much money abroad is by not familiarizing yourself with the local currency and the usual cost of items you will need. Before arriving you should see how much basic items like toothpaste, a dinner out, a pint at the pub, and bus fare is, and then create a budget for yourself based on how much money you intend to spend while studying abroad.
Calling card-Even if you wind up getting a cell phone abroad it can be too expensive to use it to call friends and family back home. You will want to research which calling cards offer the best rates, how much they cost, how to use them, and finally where you can purchase them. There are some extremely affordable calling cards that can fit into even the tightest budgets.
Transportation -Depending which country you choose to study in, public transportation may or may not be an option. If it is, become acquainted with the local systems, particularly the buses and trains. You do not want to rely on taxis as that will quickly eat away at your small budget. Of course, the best and cheapest way to get around your new city is on your own two feet.
Part-time jobs-While many countries will allow you to work while you are a foreign student. Research how many hours you will be able to work, the general wage, and try to arrange for a job before arriving. Some examples of part-time work might include waiting tables and tutoring in your native language.