by Global Opportunities Study Abroad Consultants

Overseas education is fascinating and highly educative from different perspectives but expensive if not alert. It does mean that you must be economical. It is all about a calculated and intelligent approach towards our accomplishment. Though students are cautious of their overseas education tour, they ought to know some unknown facts which can be of great help throughout their study abroad tour. Hence, we are listing out those 7 secrets you never knew so that they will be known to you.

Be Economical

Yes, we have to be economical in expenditures because you are going to spend in dollars, euros or pounds. So at every point where you have to spend money, think calculatedly and move ahead. Soon after arriving in a study destination, you must observe the complete locality and try to recognize the places where you get the commodities at an affordable prices since every penny you save is going to lessen your burden and help you become a good financial manager. Don’t be riveted by your visit to a new and an alien destination thinking that it’s a lifetime opportunity and you should not be economical because the lifetime opportunity is not for becoming exorbitant but for learning new things and practically perceiving how to manage the financials.

Know the Monetary Transactions

It is mandatory for every student studying overseas to familiarize themselves with the daily monetary transactions because the ATMs in foreign countries, like ATMs in India, charge a transaction fee if that ATM doesn’t belong to your bank. Unfortunately, the fee for such transactions is even higher than that of your home country. But there are some instances where we get into such circumstances. If it is so, withdraw huge amounts of money so that you can avoid getting hit with such transaction charges repetitively. If your transaction charge comes under the category of flat rate, then it doesn’t matter how much you draw.  If your bank has partnered with any international bank in your host country, you can use those ATMs without getting hit with an international transaction charge.

Rely on Public Transportation

Soon after arriving at a study abroad destination, investigate the public transportation systems since they provide a cheaper mode of transit. Many overseas education programs offer student passes which are cheaper than that of other modes of transit. The logic here is buying them in bulk if it is convenient for daily travelling because month-long and week-long passes are cheaper than single tickets. Besides, you can also look for some other cheaper mode of transportation simultaneously.

Take Help from Friends

Be economical does mean that you should refrain yourselves from all activities. If you want to travel from one city to another city, take help from your friends. You should plan in such a way that you stay with your friends in a particular destination because you can save the money spent on accommodation and in restaurants. So try to list out all the friends who are on study abroad program along with you but in different cities of that host country. Even when you go out for a window shopping or just shopping for some necessities, always investigate for offers available at that moment by visiting many malls. These kinds of enquiries expose us to the local cultures, traditions and customs besides saving our money.

Travelling Outside Your Town

When you move to other cities or towns, find out the economical means of transportation. As everybody knows train travelling is cheaper than road journey, always prefer the rail transport and among them the cheapest mode of transit because though it may not be so convenient, it still saves your money which can be a great help to you during your study abroad stay. Moreover, such kinds of adventures quickly acclimatize you to the native social environment.

Flash Your ID

Try to find out the benefits of your student ID since it brings you discounts not only in your daily transit but also at other places where you can save money. In most cases, students have privileges over citizenry especially at museums, libraries, tourist spots and any other public places in the form of free entry or discounts in entry fee which adds up to your pocket.

Communicate Through Social Websites

Leaving the important communication with your parents or friends, rest of the communication can be carried on using social media sites such as WhatsApp or Facebook or any other such kinds of communication since it reduces your phone bill. If neglected, it can drain your money.  So minimizing international calls and relying on the internet for daily and casual communication can save some money.


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About Global Opportunities Innovator   Study Abroad Consultants

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Created on Aug 21st 2018 05:39. Viewed 386 times.


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