7 Hacks To Save Your Money While Studying Abroad

  • Posted on December 06, 2021
7 Hacks To Save Your Money While Studying Abroad

The main concern any student faces when considering studying abroad is finance. The gigantic tuition fees, visa/travel expenses, and ultimately the living expenses once abroad are all often mind-boggling. Thinking about them might discourage many from proceeding further with their study abroad plans. So how does one save money while studying abroad? Having catered to thousands of students, Overseas education consultants in Kerala know unique money-saving hacks that can turn your fantasy into reality. So without further ado, here are the 7 hacks to save your money while studying abroad. 


Hack #1: Finalize your budget plan

When you go overseas for your study, the cost of touring, food, lodging, and transport, among other things, depletes your savings. Because the money saved appears to be substantial, most of us do not hesitate to spend it on minor items. And it is here that many pupils make a critical error. They don't budget their meals, lodging, transport, and excursions properly, and as a result, they wind up spending money that should be conserved.

Making a budget benefits you in two ways: it helps you become more organized and it allows you to save a significant amount of money. We recommend that you establish a budget list and account for the most essential costs such as rent, food, and travel. Also, make sure that you don't spend your entire budget and that you preserve a little buffer.

Hack #2: Cheap Communication Platforms

If you are a student studying abroad, you must be able to phone both domestically and internationally. As a result, if you don't pay attention, your phone bill will suddenly increase. While there are programs for free online calling, such as Google Duo, Whatsapp, and Skype, these apps require mobile data or WiFi, which is not always accessible. Using inexpensive phone services with caution and selecting the finest offers is the greatest way to save money when studying abroad. By using services like Rebtel, GoogleFi, and many others, you'll be able to save so much money on phone calls to your home country.

Hack #3: Student discounts have many perks

Student discounts are another option for how to save money when studying abroad. However, you must remain vigilant and carry your student ID at all times. Your student card may help you save money on anything from transportation to movies. Don't be afraid to ask retailers and cashiers whether they offer student discounts. You are a student requesting student discounts, and your request is not outlandish. Another simple option to obtain a student discount is to inquire at your university's office or library about any available discounts for certain facilities or services. You never know what you could come upon!

Hack #4: Be your own Chef

Start cooking your own food. It is one of the best study abroad tips you can get. It not only instills discipline in your lifestyle, but it also allows you to save a lot of money. When you have to figure out every meal on your own, ordering food and consuming takeouts is not the solution. By making a handful of dishes in bulk on weekends, you can plan your meals for the entire week for less than the cost of 2-3 takeouts. Preparing for yourself also enables you to tailor your diet and live a better lifestyle.

Hack #5: Check out Garage sales

When you initially arrive at your study abroad destination, you may be eager to purchase all of your essentials at once. However, it is best that you refrain from doing so. Buying furniture or other trinkets from flea markets or garage sales rather than normal retailers is usually less expensive. For anything else you need for day-to-day living, you can always buy in bulk at places like Costco or Walmart. And what is the best option? Shop during seasonal deals such as Black Friday, Boxing Day, Cyber Monday, and so on. It's quite inexpensive, and you can score some incredible discounts during these promotions.

Hack #6: Arrange Pocket-Friendly lodging

One of the most significant concerns for every overseas student is housing. You must hack your way into the nicest available lodging for yourself because it is the most expensive thing aside from your university tuition bill. Living off-campus is less expensive than living on campus, assuming you locate the proper one. You can also live with many housemates and cut your rent appropriately.

Hack #7: Plan your trip with a reliable study abroad consultant

Planning your trip effectively beforehand with a professional study abroad consultant like Campus World can help you arrange for contingencies. You can even get real-life experiences from students who have returned from their study abroad. The experts at Campus world will guide you through each step of the entire process and suggest plenty of money-saving hacks that will surely save you big bucks.