While abroad you probably want to go on adventure as much as possible, but unfortunately your budget might not allow you to have fun all the times. That is why this blog will be about budget tips. Budget tips for finding your flight were discussed in a previous blog.
It is always wise to set a budget before going abroad. Look online for the average amount of money spend in the country of your choice so you get an idea of what to expect.
Housing is probably the most expensive thing when going abroad. Try to see if there are student dormitories or maybe even homestays. If you are lucky; breakfast is included, so no need to worry about that spending.
Transportation is probably the second most expensive thing. In some countries the public transportation is not good or non existent so than walking is a good option, but what if you are living far away from work or what if you are living in a country where walking is impossible, because of unsafe roads?
No worries, your colleagues can probably give you tips, offer you a ride or are able to arrange discounts for you when in need of renting a motorbike or car.
Almost all countries give discounts to students as long as they bring their student ID. Never forget to bring your student ID with you. A picture of your student ID is not always enough and you don’t want to spend more money on tickets knowing that you could’ve spend way less.
Look on Facebook for events; a lot of popular destinations have contests for activities where you only need to share and like the page. It is always worth a try and it can get you a free ticket to special events or sights and activities.
All countries around the world have a different exchange fees for foreign debit cards. Take a look at it before going abroad. It might save you money if you withdraw a lot of money out of the ATM once in a while instead of going to the ATM every week. Of course you should not bring all the money everywhere you go. Make sure you save it at home in a secure place.
If you do not feel comfortable with this you can also open a bank account abroad. This is a good idea when going abroad for a couple of months.
Keep track of all your expenses. It is a struggle to keep your expenses on track all the time, but at the end you know exactly where all the money went. You can see if there are useless expenses or you can see that you can spend a little more. You might be surprised, but it can actually cause you to spend less since you feel like you spend so much while writing everything down.
If you do all these things, you will hopefully save some money at the end of the month and that money you can spend on exploring the country. And let’s be honest, that is a big reason why you want to go abroad; get to know the country, travel and having a good time after office hours!
If you have any comments and/or questions, do not bother to send an email or ask the question in the comment section below!
Do you know someone that is going abroad any time soon and might need budget tips? Share this blog with him/her!