It can be overwhelming and difficult to manage your finances for the first time as an international student
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Here are some tips on how to manage money while studying abroad
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Make a budget
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It is extremely important to make a monthly, weekly and daily budget in order to track your spending. This will also help you manage your finances better
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Open a local bank account
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Transferring funds or making payments from a foreign bank account costs much more. Instead, open a local bank account once you reach the country you will be studying in
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Additional income
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Look for additional sources of income such as part-time jobs or internships to support your living expenses while studying abroad
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Avail student discounts
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Lots of restaurants, shops, movie theatres and transport services offer student discounts. Make sure you keep an eye out for these discounts to better manage your finances while studying