8 Money Mistakes International Students Should Avoid
8 Money Mistakes International Students Should Avoid
1. Underestimating Living Expenses: Research accommodation costs, groceries, transportation, and other living expenses to create a realistic budget.
1. Underestimating Living Expenses: Research accommodation costs, groceries, transportation, and other living expenses to create a realistic budget.
2. Ignoring Currency Fluctuations:
Exchange rates can significantly impact your spending power.
2. Ignoring Currency Fluctuations:
Exchange rates can significantly impact your spending power.
3. Credit Card Conundrums:
Credit cards can be convenient, but international transaction fees and high-interest rates can quickly drain your funds.
3. Credit Card Conundrums:
Credit cards can be convenient, but international transaction fees and high-interest rates can quickly drain your funds.
4. Textbook Temptation: Don't rush out and buy every book on the syllabus. Explore used book options.
4. Textbook Temptation: Don't rush out and buy every book on the syllabus. Explore used book options.
5. Unplanned Travel Expenses:
Traveling is a perk of studying abroad, but budgeting is key.
5. Unplanned Travel Expenses:
Traveling is a perk of studying abroad, but budgeting is key.
6. Peer Pressure Pitfalls:
Friends may enjoy an extravagant lifestyle, but don't feel obligated to keep up.
6. Peer Pressure Pitfalls:
Friends may enjoy an extravagant lifestyle, but don't feel obligated to keep up.
7. Neglecting Scholarships and Grants:
Research scholarships and grants specifically offered to international students.
7. Neglecting Scholarships and Grants:
Research scholarships and grants specifically offered to international students.
8. Ignoring Work Authorization:
If permitted by your student visa, explore part-time work opportunities to supplement your income.
8. Ignoring Work Authorization:
If permitted by your student visa, explore part-time work opportunities to supplement your income.
Learn more