When studying in a foreign country with a lot of things to administer like food, accommodation & study costs etc, managing finances in a best way can be awe-inspiring task for a new student.
However, there are many ways you can save money as international student that we are going to reveal in this article. Since, University is always expensive and there are never-ending opportunities to spend your finances, following money saving tips for international students can make sense for you to save pennies for better finances.
Tips for international students to save money
We have gathered following great tips to help you save some money when studying abroad.
Plan for expenses & make budget
Not only books, stationary and class supplies but you will also need to spend money on other essentials such as food, grocery, accommodation and transportation etc. So, spend few of your precious moments on planning and develop a student budget plan to stick with it.
Nowadays, a lot of apps and software are available on internet that can be used to make budget quickly even within moments. A budget plan enables you to plan your expenses according to the finances available on hand.
Ask for student discounts
It is something that you can get almost everywhere no matter you are buying some stuff from market or travelling to your hostel from university.
Asking for student discount is one of the best money saving tips for international students as they can save a lot of pennies while shopping from the market. In order to avail such discounts, always keep your valid student card in your pocket.
Most of sellers or brands also offer discount cards that can be used for stated period of time to buy discounted products from there after one time subscription.
Invest in travel cards
If you often travel to reach your class on time, you should invest in travel cards as it can help you save a big amount of money at the end of month. You can purchase such subscription for the length of your whole study period or for specific period of time.
Visit the nearest transportation office to collect details in this regards and get your travel card as soon as possible to save money while travelling as international student.
Transfer money smartly
As an international student, you often may need to receive or send money for variety of reasons and you should transfer your money smartly by using international money transfer app in order to save money while doing so.
You should compare all available services to determine a best one that charges you less but provides reliable services as well.
Earn extra cash
No, I am not talking about a job but you can earn money by teaching a subject (in which good you are) to your juniors. If you can have some hours other than your studies, it would be great to join a shop or small company for part time job.
Through this way, you will be able to get some money to deal with your study related costs without waiting for the next month.
Always pay your bills on time
Paying your bills on time is one of the vital money saving tips for international students as it can help you save late payment fee.
Always keep an eye on deadlines & due dates or use international money transfer app to set reminders for payments to be made in coming days.