Tips to Study Abroad on a Budget

Tuesday, August 23, 2022

Have you ever dreamt about traveling abroad? Do you want to study in another country? Are you excited to learn about new cultures and new languages? Do you want to study abroad but money is tight? Here are some tips to study abroad on a budget! 

Studying abroad must be one of the most popular wishes a high school student must have. And it is in fact really important for the people or the teenager. Studying in foreign countries will give you the opportunity to embellish your resume, but also will allow you to grow as a person. By studying abroad, you will be exposed to different cultures and people, which might be beneficial for your future. Besides, you will have the possibility to learn a new language, depending on the country you are going to. All of this will also give you the possibility to make new friends that might be with you for a long time. 

All benefits aside, studying abroad is almost impossible for some people. It is extremely expensive and it is difficult to achieve overnight. So, if your wish is to complete your studies in a foreign country, but your budget is tight, how can you make your dream come true? In this article, we will show you some tips that might help you if you decide you want to pursue your studies abroad on a budget. Keep on reading to find out what these tips are. 

Study Abroad on a Budget 

Tip #1: Apply for Scholarships 

If you decide that you want to study abroad, apply for scholarships as soon as possible. If you apply for a scholarship early, there are more possibilities of you getting it, and receiving a great amount of money. Almost all study abroad programs offer scholarships. In some cases, you must have a certain GPA to apply for it. If you look deep, you will be able to find the help that suits you best. 

Tip #2: Choose a Cheap Location

One of the biggest mistakes a student can make when their budget is limited is choosing an expensive location. If you want to study abroad but do not have a lot of money, choose a location that has a low cost of living, so that it would be cheaper. Remember that you will have to live there all by yourself, so take into consideration that everything costs money. So, taking into account the currency exchange of each country might help you save some money. 

Tip #3: Choose Homestays

Another way to save money while studying abroad is to opt for homestays. Most of the time, traveling plans include different ways of lodging, and one of them is homestay. This means that you will stay in a house with native people. At first, this might sound strange, but you will probably get used to it before you realize it. However, if you are sure you do not want to stay with a family you don’t know, you can choose to stay in a shared room with more people. 

Tip #4: Make a Budget Plan 

One way of raising money to study in another country is to make a budget plan. If you need to, you can work with your parents, too. Before you travel, have in mind how much money you will spend during your time abroad. Make a list of all the expenses you will have to spend, and decide how much you will spend on food, leisure activities, or accommodation. During your time abroad, stick to your budget plan so that everything comes up as planned. 

Tip #5: Talk to Your Bank

Apart from coming up with a budget plan, another way of saving money is to talk to your bank. This way, you will be able to receive all the help you can. If your plan is to take a debit or credit card to use, you can talk to your bank and find out if they have some arrangements with other countries so you can withdraw money without any extra taxes. 

Tip #6: Avoid Eating Out

While on your trip abroad, it is important that you save the biggest amount of money possible. One way to do this is to avoid eating out a lot. Nobody is saying you cannot eat out, but it would be great if you could cook something and eat inside your hotel or house. Eating out in a foreign country is absolutely expensive. 

In closing, traveling to another country to study might be really complex for some people who have a tight budget, so we have created a list with some tips for those who want to travel and want to spend little money. Studying abroad on a budget is not impossible!