Below mentioned are the tips from the real life abroad student
Let’s face it as a student its always important to save an extra buck whenever you can. This becomes even more true when you are travelling, studying and living abroad.
When a student decide to study abroad in London he quickly discovered the international money spending is no joke.
1. Choose a bank or credit card wisely
Some American banks have sister banks abroad and therefore dont charge you extra ATM fees. Most of the major credit card companies charge you an average of 3 -5% for international fees in addition to ATM Fess that the local banks charge.
2. Don’t ask for another drink at dinner
Free refills don't exist in Europe. Stick to the motto one and done. Quech your thirst with plenty of water and pick your beverages up at the local grocery store to save money.
3. If you have kitchen access use it
Going out to dinner as it is America is much more expensive. Instead you can get the affordable grocerices abroad and use the kitchen to cook dineer. But make sure that you don't cut too many corners then you still need your daily nutrition for all that sightseeing. Take advantage of the budget travel
There are great deals on flights from different airlines abroad. Try RyanAir or easy jet!!Not into flying? There are also lots of ways to travel on a budget and transportation outside the US always seems to be surprisingly more affordable.
4. Explore the country you are in
Find out what is going on just outside the city limits. Chances are there's s lot might enjoy seeing and exploring. Take pride in where you are living. You will regret heading home without having gotten to know where you stayed. Plus the local travel is much cheaper than country hopping every weekend.
Cell phone charges abroad can get extra vagently high in the blink of the eye. Take caution and sign up for a skype account to make phone or video calls from your computer. You apply once for international and you are good to go.
5. Watch the exchange rate
Keep track of where your money is going by understanding the exchange rate and know when it’s low. There were times when the exchange rate got as low as $1.35 pound and believe men we all ran to the ATMs on those days.
The pubs are not extremely expensive but it adds up if you frequently so save the real pubs for special occasions and enjoy cheaper pints at the student’s pubs. You can also use the opportunity to meet some local friends.
6. Friends with the local students
If anyone is going to know how to save money then it is the students who have already been there and know the ins and outs of the systems.