Tips for Smart Budgeting When Traveling Internationally
Aside from studies and working towards a degree, college is also a time for exploration and travel. Starving students don’t have to feel that seeing the world is out of their reach. It is entirely possible—with the right budgeting, saving and planning—to pull off a trip abroad. There are a variety of factors to take into consideration when trying to plan a trip to another country but there are a handful that most students tend to overlook or don’t even think about.
In addition to saving up money to get to your destination, college students must be mindful of how to budget accordingly once they arrive. After all, travel costs aren’t just limited to things like airfare, transportation and lodging.
Understand the Exchange Rate
One of the most basic concepts traveling students need to maintain a strong grasp of is what their money is worth when converted into another currency. Planning a trip to Australia? Then you’ll need to learn how to calculate the conversion from the United States Dollar (USD) to the Australian Dollar (AUD). Just because “dollar” is in the currency name, doesn’t mean it’s the same as the money you would use at home.
One of the most important reasons why knowing a country’s exchange rate—next to knowing how to budget one’s finances—is to make sure you don’t get ripped off and end up paying more for items like groceries, merchandise and souvenirs.
Don’t Limit Accommodation Options
In a perfect world, all student travelers could enjoy a plush stay at a 5-star hotel. While staying at a hotel is preferred by many, those on budgets might want to consider other options that work just as well. When researching online for accommodation in Sydney , Paris or London, expand the search to include not just hotels but motels, hostels and bed and breakfast facilities. There are even lodging choices designed for the more adventurous types like backpackers.
Take Advantage of Your Student Status
Think student discounts only apply to stuff on and off-campus? Think again! Applying for an International Student Identity Card means qualifying for a variety of savings and deals abroad students wouldn’t be able to enjoy otherwise. It doesn’t matter whether a student is attending Stanford University, an Ivy League school or a state university, the ISIC welcomes all full-time students to apply for their card online.
Equipped with this card, those traveling internationally can enjoy the benefits of receiving discounts on things like food, shopping, transportation and museum visits, among other perks. Even the smallest discounts mean more money in a student’s pocket.
“Free” is in Every Country
Not all countries charge tourists exorbitant fees to explore and enjoy their surroundings. Don’t be afraid to befriend the locals and/or ask the staff where you’re staying if they know of any events, places or experiences that are free for tourists/visitors. Attending festivals, public concerts and even walking around historic sites are a few examples of free activities students can enjoy.