Raffles Educity
November 23, 2019

While a lot of immigration consultants in Chandigarh and Punjab region might hold a lot of seminars telling you the importance of studying abroad and which universities are the best but not many would tell you the real conditions wherein you’ll have to live in while you’re abroad including the financial aspects.

But in this blog, we’ll emphasize on the importance of managing your money while you’re abroad. Many a time, Indian students give in to the temptation of spending a lot of money in the initial few months thinking that they’ll make up for the loss by doing some job there. While getting a job in a foreign country isn’t always guaranteed, you must also keep in mind that in order to make the most of your study abroad experience, you have to spend wisely and a reasonable way that’s within your budget!

Your budget will vary based on where you study abroad – there’s definitely no one-size-fits-all budget as some countries are more affordable than others. But here are some general tips brought to you by Raffles Educity (one of the best immigration consultants in Chandigarh) as to how you can save better while you’re studying abroad.

1. Bring your student ID everywhere. There are several countries which offer good discounts to student community. Many nations offer student discount cards! So, make sure that you always carry your student ID wherever you go. Be it a bus or a restaurant, this little identity card can go a long way in saving your big bucks. You can also get into museums and other tourist attractions at a reduced price. Many stores will offer discounts for students too.

2. Learn cooking: Instead of going abroad and spending a moolah first and then learn cooking over video chats with Mom, it’s better to learn cooking while you’re in India only. Since eating out in restaurants can prove to be really expensive, if you’re on a small budget, cooking the majority of your meals at home is a great way to save money. You can still take advantage of local foods – but preparing them at home will cut costs.

3. Research cheap ways to travel. For traveling within the city, it’s a good idea to invest in a decent bicycle. Even consider walking for short distances. For going out of city, research cheap ways to do it. Look at trains and ferries too!

4. Look for free activities: While abroad curb your temptation to go to casinos, pubs and night clubs in the first few months. Sure, some things do cost money – but you’d be surprised at the number of things you can do for free. Research outdoor activities (including outdoor gyms), beaches, free museums, and festivals.

5. Keep a tab on your budget: Making an initial budget before you leave for abroad is a good idea but revising it and making a new one every three months or so, is a good idea as well. Also be sure to regularly check your bank account. Especially when you’re not used to foreign currency, you might mistakably spend more than you think you.”

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