Study Abroad News & Alerts

How to spend and save money efficiently as an international student?

posted on: June 15, 2022

Managing your finances is a big responsibility. Saving and spending carefully is a habit that develops overtime. To be able to save you don't have to live your life like a hermit. It's always about using your money intelligently as a student and allocating it properly. Here are some tips for the same-

  • Understand the currency of the country that you have moved into. For example the US has dollars. One dollar consists of a hundred cents. There are dimes and pennies. Dime is smaller than a penny even though it has a bigger value. Make sure you develop this understanding of the currency before you reach that country.
  • Open your bank account at a bank which operates internationally. This helps in money transactions and money transfer.
  • Avoid using cash and use plastic money instead. Cash is a little messy when it comes to managing it.

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