Studying Abroad

Learn to save money while you study

Ways to save money while studying abroad

by Czech College / Monday, 08 September 2014 / Published in Study in Europe

It’s hard to keep money in your purse when you have just gained some independence and landed in a new country as a student. But once you are on a limited student budget and burdened by some debts in the form of education loans, it does not take any special effort to realize that the purse should not open that often.  This article gives some tips for those youngsters who like to control their spending but unable to do so .

Choose accommodation wisely

Start saving money with one of the biggest costs: accommodation. Ideally, you should be living close to your university. But you don’t have to have the place all to yourself. It’s okay to be living with other people. Sharing accommodation helps you divide the rent, and also provides an opportunity to meet new people and make new friends.

Learn to love bike 

Bike (bicycle) riding is always fun. If you are living close to your university, you may want to walk or ride to your campus. Apart from the many health benefits, it’s another good way to save money. If, on the other hand, you decide to get a car, your expenses will amplify. First, there’s the initial purchase cost. The cost of a bike is negligible compared to a car. Moreover, you don’t have to pay for any fuel when you are riding bike. Your car will consume a lot of it, plus needs insurance and road tax – not to mention maintenance and parking fees.

Eating habits

 No matter how tasty the food is, it is both healthier and cheaper if you are cooking your own food rather opting out for eating out and take away. It’s hard to believe, but eating out can actually double your monthly expenditure on food. It doesn’t mean that you should not be eating out at all. Just make sure you don’t do it daily.

Part time Job 

Getting a part-time job as an international student is always handy. It has many benefits apart from the obvious financial ones. You gain confidence, help yourself settle into the new culture and again meet a lot of new people. So when you have free time, why not look for some student jobs? Just make sure they don’t affect your studies.

Prepare and stick to a student budget 

Prepare a student budget and force yourself to spend only a certain amount of money in a month. If you are exceeding your budget, you will know you need to cut some spending. Stay honest to yourself. Follow your budget and keep a note of what you’re spending money on. You will be amazed to see the outcomes.

Choose your study destination wisely

Lastly, it is important where you study. Some countries are very expensive. Do your research while you opt for an International programme.

Many consider Europe as a very expensive region . But many countries in Europe , especially central and eastern Europe are cheaper for international students – for example  Czech Republic.Costs of living in Czech Republic are among the cheapest in the Cen­tral and East­ern Euro­pean countries so the life is thus more affordable.

There are also Colleges who offer affordable programmes in Euroope , like Czech College in Prague.

Contact Czech College today in you are interested in international Business degree.We have a number of 1-year and 2-year programmes in the business domain.