Have you ever dreamt of studying abroad? It is always a dream for millions of students as they always aspire to begin their new life with big adventures. Traveling to a new country is a unique experience and being away from your home presents you with an opportunity to live a new life.
While planning for studying abroad a lot of decisions come to mind. As an international student, managing money for studying abroad is quite challenging. However, with perfect planning and preparation, you’ll be able to make your experience worthwhile. If you aspire to make your dream of studying abroad come true, this blog is for you. Here are some budgeting tips for setting a realistic budget when studying abroad for the first time.
1. Plan your budget
As you know Budget is an important variant for determining the costs and other expenses. If you plan for your budget in advance, this will help you in the future and ensure that you don’t land on the wrong foot.
Furthermore, your budget should describe which city you’re planning to stay in, what university you’re choosing and what accommodation you’re selecting. When planning abroad for studies, you need to understand what is realistic.
It becomes quite challenging for International students to find affordable and convenient student accommodation. Students need to choose an ideal destination that suits their pocket requirements. For Example, Student Accommodation in London, Poland, Germany, Spain, and Singapore offer students affordable student housing options.
2. Know your tuition fees and payment plan
Before you go for recognized and top-ranked Universities, make sure you check the tuition fees and ask for the payment plans. Studying in a top-notch university makes your future, but you can find out how to cover your tuition fees with the proper planning. Search for different organizations and schemes, which aim in supporting students to fulfill their dreams of studying abroad.
For Example, Prodigy Finance is a prominent UK fin-tech service provider that aims in delivering services to students to fulfill their dreams of studying abroad in top-ranked universities. In addition, they help students to get better opportunities in their hands.
3. Know about your banking options
Arranging a local bank account should come under your foremost priority. Check with your bank in the country where you’re studying. Learn about the things related to the international card requirements and know about their fee and other financial obligations.
Try learning about the ATM fee structure, it’ll help you in providing you with considerable solutions related to your planning and plotting.
4. Find a part-time job.
Getting a part-time job can really help you with maintaining stable living standards abroad. It can even help you make an emergency fund that you can later use when you need them the most! You’ll also end up gaining experience, and it can put a spark to your resume as well.
However, go through the terms and conditions the university lays on the working hours. Then, go ahead and start exploring your ways. Furthermore, start searching about the part-jobs in advance and make your best top-notch resume for it.
5. Look over your accommodation options
After the tuition fee, accommodation is considered the second variant where students usually tend to spend a lot in a foreign country. Though many universities have on-campus accommodation facilities, hence the price is slightly reasonable over there. But again, it depends upon the university to university.
You can also consider finding a shared apartment or a tiny budget home depending upon your comfort and cost preferences. You can find affordable and comfortable student PBSA properties in Sheffield, Glasgow, Birmingham and other famous cities.
6. Explore the perks of student discounts
Irrespective of your age, there are always some student discounts available. So look over them and try making some extra efforts to avail it. You can even use this money in shopping or exploring new places in the new country.
Many times various stores have student discounts, even certain monuments and adventure parks have the same. There is no harm in asking for discounts. Carry your student id card, and who knows; you might get lucky.
7. Look for scholarships
Scholarships are the golden opportunity to avail yourself of your study abroad trip being on a budget measure. Although the percentage of the scholarship varies from university to university, every student can expect a suitable working experience of over 20-hours per week.
Some scholarships pay for whole or part of your tuition fees, while few others offer funds to help with resources, such as textbooks, laptops and study materials. Students can look for Burger King Scholars Program, AXA Achievement Scholarships, Gates Millennium Scholars Program and other exclusive scholarships programs.
Make some time to explore your options. There is no harm to give time in seeking information on scholarship on the web. If you find one, it’ll help you.
How Can AmberStudent Help You?
AmberStudent is devoted to giving you the best experience and option for student accommodation. They have upgraded continuously with the COVID policies and would be more than eager to assist you in finding the best home away from home.
Muskan Gupta, Completed her graduation in English Literature from Delhi University, pursued her goals of being a passionate reader and a budding Content writer for 3 years. Being a Delhiite, she loved street food and fond of traveling. She often connects with people over Instagram to influence and encourage them to adopt a healthy habit of reading. For her, Books are the Second abode.
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