How to manage your budget to study abroad?

April 29, 2023

There is a first time for whatever you do. Studying in Reading was a bucket list item that many of you want to tick off, but it might take years to get there if you have not planned properly. If you are a student on a budget, it can be really tough to save up money while in school. As a student who did not receive any kind of financial aid, you might compromise on your dreams. But to your surprise, funding the expenses was a lot more accessible than it’s thought. By showing up and also putting in the effort just to start the process, it is important that learn that managing all the finances for the study abroad experience was not only possible but a lot less stressful than you thought. 

The art of balancing the budget and spending responsibly can be really challenging. But saving ahead of time will become more practicable if you know the prices and ways to arrange for them. Read on to learn all about what you have to save for your escapade in Reading and also discover the money-saving tips.

Apply for scholarships early: If you haven’t applied for scholarships yet, then it is time. We cannot stress the importance of it. The earlier you can apply, the better chance you have of, not only receiving money but a good amount. You will be glad to know there are endless amounts of scholarships available. Almost every study abroad program provides scholarships to students. Our office even has a scholarship available if you have a 2.5 GPA or more. It is important that you will have to do some research and apply for outside scholarships too. 

Book the right kind of accommodation: One of the top-notch expenses while studying abroad is choosing the right kind of student accommodation Reading. There are two kinds of housing options such as on-campus housing as well as off-campus housing. On-campus housing is generally more expensive, but it is also more convenient and comprises amenities like laundry facilities and a gym. Off-campus housing is generally less expensive, however, it needs more effort to find. However, with an online platform available, you can easily locate top-notch perfect student accommodation on your budget. 

Choose a location: With different currency exchange rates all over, you can look for a location that suits your budget. You need to avoid locations that are expensive. You can go to Reading as it might suit your budget. 

Consider an internship or part-time job: While studying abroad as a full-time student, you are eligible to work a certain amount of part-time hours a week. If you are qualified for this in this host country, it can be a really amazing opportunity to help you fund your weekend excursions. Ensure that you check with the host country’s visa guidelines and your study abroad, you do not want to go against any of the student visa rules. You can look for an internship program while you study abroad.

 

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