For anyone who is planning to study abroad, the first thought that crosses the mind is “How will I save money?” You might have a student visa now, but that surely isn’t enough. The expenses are a big concern and to survive on a limited budget is itself a challenge.
That is why; we decided to put together five tips that will help you out in saving money while studying abroad. To know more about it, keep scrolling the blog!
The first thing we highly recommend you is to apply for the scholarship. If your grades have been good then do not miss the opportunity of applying for the scholarship. All the colleges and universities around the world offer scholarships to the deserving student. Of course, the criteria vary from one to the other. To know more about it, contact our student visa counselor who will give you detailed guidance about it. In addition to that, there are many third parties available that help in receiving the scholarship.
2. Bank Account
Since you are in a different country, opening a bank account in their local banks is worth it option. By doing so, you can save money and prevent yourself from spending extra on unnecessary items. Some banks offer zero balance opening. You can seek assistance from your fellow mates at college for guidance.
PRO-TIP – keep 10% of your money aside every month with a thought that you don’t have any of it.
3. Shared Apartment
One of the costliest expenses that international students face is renting the apartment. That is why checking out for accommodation before landing in the university or college is a better option. There are many online websites available to help you out. Apart from that, our student visa counselor gives you many recommendations that will certainly be an aid for you. If you can’t afford to stay in a shared apartment then a college dorm is an affordable option out there to save money and the transportation cost.
4. Student Discount
Since you are a student, make sure you take the necessary advantages of student discounts. Many shops, movies, dining, and other places give you a limited discount on being a student. Depending upon the place, they may ask for verification or your college ID Proof that you can present.
5. Health Insurance
Certain institutes give you health insurance coverage at an affordable price. Look out for those options. If not, then find an option that fits in your budget. When you move out of the country to study abroad, having health insurance is advantageous.
When you land abroad for the first time, the starting months may seem overwhelming. But, give some time, things will get better. In the aforementioned blog, we have mentioned down the top five tips for international students on saving money while studying abroad. Do implement them and seek out the help of our expert student visa counselors for any queries.