How can students abroad manage their finances?

When traveling out of your home country to study there are a lot of cultural shocks a student faces and in between all this, they also have to manage their finances. So here is a little guide on how to manage your finances in a foreign country as a student.

1. Learn how to do things on your own:?

One of the major changes you can do to manage your finances in a foreign country is to start learning how to do things on your own. Learn how to cook, clean, travel on a bike, etc. This all might seem like a small change but trust us it would save you a lot of money in the long run.?

2. Learn about student discounts and perks:?

As a student, you have a lot of perks and privileges to use so understand them and learn how to use them to save money.?

3. Set a Budget:

It is very easy to get lost in transactions so make sure that you have set a budget for everything. Make an excel sheet if you want to and look out at your budget and spending.?

4. Find affordable phone services:?

As an international student, you would miss people back at home and want to call them quite often meaning you have to find affordable services. You do have applications such as WhatsApp, google duo, skype, etc for free calls but they need internet or wifi to work so make sure to find affordable services, or else you would not realize how expensive your phone bills can get.

5. Be smart about sending and receiving money:?

As a student, you would be transferring and receiving money from your home country, make sure that you have a safe, secure transfer and the transfer fees are not too high. To protect yourself from high fees and fraud you can use Travfx services to send and receive money. Travfx believes in customer satisfaction and would make sure that you have a smooth transaction of exchange.?