Get yourself a local bank account
First things first. Setting up a bank account in your new country is the primary step to your financial survival. Your DESTINATION PARTNERS counsellor can help you with information on the leading bank accounts in your destination so you can make a well-informed decision. Since services vary from bank to bank, ensure you choose the one with maximum benefits for students and do not levy heavy charges for international bank transfers.
Remember, budget it out
It is important to know your current financial status and create a practical budget plan. Make sure you include factors like monthly rent, utility bills, grocery, transportation, data charges, recreation, study material and travel in it. It is a wise idea to save some amount each month for unexpected situations or emergencies.
Time to get smart
Studying abroad is expensive, but smart planning can help you survive very easily. Understand what your need and what you want, and the best way to do that is by making a priority list. Find ways to save your money and use it smartly. You can also reduce your daily expenditure with simple ways like:
- Sharing accommodation
- Get student discount cards
- Buy used books or digital copies
- Join a library
- Get passes for local transport
- Shop during sales
- Purchase from community stores