Controlling your finances and spending is difficult while studying abroad, but there are some tips to help you remain financially responsible.
This includes hotels, transportation, food, etc. You should map out your expenses before traveling. Take side excursions, basic needs, and extra spending into account. It is always smart to bring extra money for emergencies. Always have a backup way to access financials in the event you need extra funds.
Write down your bank’s emergency number in the event your card is stolen or you suspect your information has been stolen. Keep the charges on the bank cards in mind while abroad and educate yourself on fees your bank may apply for using an ATM not associated with your bank or any foreign use fees.
Avoid using ATMs that are not linked to a bank. As always, cover the keypad with your hand while typing your PIN number. Never let anyone help you with your transaction.
You should be prepared to rely on cash. If your trip is long-term, you should consider opening a bank account in your host country.
