How to Manage Money If You Are Studying Abroad

Create a monthly budget before arriving. Track expenses like rent, groceries, transport, and entertainment to avoid overspending.

Open a local bank account to reduce international transaction fees and get easier access to scholarships or part-time earnings.

Cook at home instead of eating out daily. Groceries are cheaper than frequent dining, and you’ll save a lot monthly.

Use student discounts for transport, food, and entertainment. Many stores and services abroad offer great deals for students.

Take up part-time jobs allowed by your visa. Income from tutoring, campus work, or retail can ease financial stress.

Avoid unnecessary debts. Use credit cards wisely, pay bills on time, and borrow only when absolutely needed.