Sticking to a budget can be extremely difficult when you are studying in a foreign country for the very first time. It’s hard to know if you’re spending your money in the right places sometimes, and whether or not you really need certain things. If you need some assistance with saving money while abroad, here are 5 essential budget travel tips for college students.
- Pack Light
When you study abroad, you want to make sure that you don’t bring too much with you. You will be staying in a hotel or a hostel until you find permanent housing, and there’s no guarantee that you will end up staying there for the length of your term, especially if you find something better within a few weeks or months. If you bring a lot with you, and you will accumulate more while you’re abroad, then you will have a ton of stuff to get rid of before you go home.
- Cook Often
Every time you eat in a restaurant or a cafe, you are spending at least 3 times more than you would have had you made the meal at home yourself. That’s why it’s important that you take the time to do your own shopping and make your own meals as often as possible. Of course, you can go out to eat every once and a while, but if you eat out too often, you won’t have much money left to spend on other things.
- Avoid Frivolous Shopping
While you’re traveling abroad, it may be tempting to do a lot of shopping because there will be all kinds of cool clothes and cultural souvenirs that you will want to buy, but you should really keep it to a minimum. As it is, you will have to buy a lot of things in order to make your living space fully functional. In order to reduce your spending, you have to prevent yourself from buying anything that you don’t absolutely need. Within the list of what you need, there will be plenty of souvenirs by the time you get home.
- Do Your Research
When you are traveling, you always want to do your research and make sure you’re getting the most for your money. Whether it be your plane, train or bus tickets, your lodging, your food, etc., you want to make sure that you are spending your money with reputable businesses that have reasonable prices. The best choice might not always be the most popular, and it’s not always the least expensive. So make sure you do your research so you can spend your money wisely.
- Ride Your Bike
Life is always less expensive when you have a bike. Whether you’re earning your BFA in drama or UAB’s online mis degree, you could save a ton of money on transport with a bike. Most of the locations that you want to travel to won’t be extremely far away, but if you have a bike, you can avoid needing to take a bus or a cab in most cases.