How to Save Money While Study Abroad?

Studying abroad needs a lot of mental capacity to be put in order to make all the arrangements. For Pakistani student managing finances is one big project.

 Even if the Pakistani student would have presumed the expenses or fully estimated the living expenses, things might not always go as planned, therefore a Pakistani student needs to do some in hand measures to manage expenses. They are as follows-

1. Applying for scholarship:

The first and foremost thing a Pakistani student must consider is applying for scholarship along with the admission formalities complete scholarship formalities.

This would considerably reduce the cost of study whatever is the scholarship type would most definitely cut out a big chunk of the overall expense hence helping Pakistani student in saving money while studying abroad.

2. Buy clothes from Pakistan:

Whichever foreign country a student from Pakistan is considering to study, buying clothing from Pakistan would be a major money saving means.

Clothes in Pakistan are for sure cheap than in foreign countries also a Pakistani student has great idea about where from they can get best deals in Pakistan.

3. Public transport:

Public transport is one of the most used method of commute in foreign nations especially their metropolitan cities. The Pakistani student must be a pro in travelling by means of public transport. The foreign countries have student discounts on their public transport making it cheaper.

4. Alternatives for international calling:

ISD calling is expensive for sure but in today’s world of technology Pakistani student can use cheaper alternatives apps like Watsapp ,Skype, Viber and line .These apps allow cheap internet calls. Pakistani student studying abroad can but Skype credits and make normal ISD calls at cheaper rates. This is a great money saver.

5. Cooking own meals:

The Pakistani student should cook their own meals and avoid eating out every other day and hence save money.

6. Living in shared apartments:

In case the university abroad does not have hostel facility or its expensive Pakistani student must look for apartments on sharing basis. Pakistani student can share apartment with fellow Pakistani students, if comfortable with people from other countries as well. This will not just save expenses for a roof but also other things as well.

7. Keeping track of expenses:

saving from what is left after spending is not a smart strategy but saving beforehand for sure is .Budgeting can help Pakistani student in cutting down and managing their expenses and spending thriftily. Using an ATM and avoiding cash withdrawals can also help in managing money properly and leading to saving.

8. Cheap thrills:

By means of cheap entrainment a Pakistan student can save a lot money. Spending hefty money on entertainment is no sign of sanity when a student is studying in a foreign nation. For example downloading a movie rather than watching in a cinema will save a couple of bucks.

9. Stop dating:

Dating costs a person a lot of money, the Pakistani student must keep all such things at halt while studying abroad. Saving money spent on dates, gifts and other stuff would not make fortune but will definitely make a big difference.

10. Looking for a part time job:

The courses in foreign universities are generally evening or morning courses leaving a Pakistani student enough time for a part time job .Beneficial would be if a Pakistani student takes up a paid internship relevant to their course, that would add as a professional experience and exposing them to professional environments.

11.  Reimbursements:  

generally student’s bills as medical and travelling are reimbursed, Pakistani student must look for such methods of money saving.