To save money while studying in another country, you need to find a scholarship or grant. But how to reduce your expenses while studying? Studying abroad opens up new opportunities for the student. However, in order to travel regularly, attend events and discover new places, sometimes you have to save money. It will be easier to save the necessary amount of money and to carry out what you want if you follow certain tips in everyday life.
Use the student card
A student card gives you different privileges as a student. ISIC card is an international card that proves your status as a student. The card provides discounts on many services around the world. Different hostels and hotels, airlines, cafes, and stores give students a discount on the card. To get a card you need to fill out an application, attach the necessary documents, photos, and pay a certain amount. The card is valid for 1 year, so if necessary, you need to order a new one at the end of the term. You can find the full list of discounts on the ISIC website.
Join other students
The best budget option for a student is a dormitory, but universities do not always provide places for students. It is worth teaming up with other students and looking for housing together, as it not only makes it easier to find but also helps save on costs. Also, if you study at the same university, you can look for housing close to your campus.
Plan your budget
Planning your expenses and keeping track of them is universal advice that is always helpful. Some people find it easier to use smartphone apps, others find it more convenient to keep a diary. However, a properly planned budget in any of these ways will help you not to find yourself without money by the end of the month, and perhaps even set aside some money for future spending.
Pay attention to small expenses. For example, think about how often you buy coffee on your way to school? Everyday purchases that aren’t necessary can easily turn out large amounts of money. Of course, you shouldn’t deny yourself your desires altogether, but pay attention to how long a person can’t save up for a meaningful long-term goal because of unnecessary purchases. Planning your expenses will help you avoid this situation.
Make a barter
We all have a set of skills that we can make something out of. For example, if you’re really good at a subject, do some tutoring and choose a reward for it. It could be money, or it could be dinner or some kind of help. It’s a very good deal. In turn, the money you get can be spent on a tutor for the subject you want or a service like essayassistant.
Reduce Transportation Costs
No matter how close your housing is to your college campus, you will be moving around a lot. It’s a good idea to buy a student pass to save money on tickets. You can also buy or rent a bicycle or scooter. In this case, if you live in a small town, public transportation may be almost useless.
To save money when traveling or going home for vacations, it is better to use trains and buses. Travel time will be longer, but modern transportation by land is as comfortable as airplanes in many countries. Another option is to travel with connections, as direct flights are usually more expensive. You can also sign up for mailings from bus and airline companies. If the exact date of your departure is known in advance, there is a good chance of buying a ticket with a good discount.
Moving to another country, a change of climate, and stress can negatively affect a student’s health. To save money, but also to take care of your health, you should take out health insurance. To study in some countries, student health insurance is mandatory. Even if it is not required for university admission, still do not save on an insurance policy. Going to the hospital without insurance can cost you more than the insurance itself at one time.
Work part-time if possible
The situation with work on a student visa differs from country to country. In some countries such work is not allowed at all, while in others there is not even a formal limit on the number of time students may work per week. You can look for part-time jobs at the university, such as work in the library or laboratories. Also, don’t forget about paid internships or apprenticeships. In this way, you can not only improve your financial situation but also gain the experience you need for your future job.
Get to know the locals
Talking to local people will not only help you adapt to your new environment and practice your language skills. This way you can learn about little-known but good places where you can buy groceries and other goods cheaper, or have a nice meal for a small amount of money.
Subscribe to the event mailing list
You don’t have to spend money on paid events when you’re trying to save some money. These newsletters will keep you informed of some of the events happening in the city you are in.
Choose free events and get out into town. Do you want to get involved in culture instead of sitting in your room all the time because it depresses you? If so, this is a great option for you. Instead of spending another day at home, it’s better to have fun for free if it is possible. That’s how you can save money as a student.
Cook instead of grocery shopping
Buying food at a restaurant can easily lead to overspending, especially when you’re really hungry. Instead, plan meals if you need to eat out of the house. Even better, buy the ingredients and eat at home.
That way, you’ll get some cooking skills and be able to eat quality meals. It may even improve your bond with your housemates. So if you’re looking for ways to save money as a college student, this tip could save you a fortune.