Learn to handle your funds in Poland

Simple tips for budgeting yourself while studying overseas

Managing your finances as an international student can be challenging. However, you will not only have enough money for electricity and other expenditures with some simple preparation and comprehension but also reward yourself once in a while.

First stuff first. The primary step to your financial survival is to set up a bank account in your new country. In order to make a well-informed decision, your IDP advisor will assist you with details on the leading bank accounts at your destination. Since services differ from bank to bank, make sure you select the one for students with full benefits and do not charge heavy fees for international bank transfers.

Knowing your current financial status and developing a realistic budget plan is critical. Make sure you include variables such as monthly rent, utility bills, grocery, transportation, fees for information, leisure, material for study, and travel in it. To save some amount each month for unexpected circumstances or emergencies is a good idea.

It is costly to study abroad, but smart planning will very easily help you survive. Understand what your needs are and what you want, and a goal list is a perfect way to do it. Find ways to save and smartly use your cash. You may also decrease your everyday spending in easy ways, such as:

  • Accommodation sharing 
  • Get Discount Cards for Students 
  • Purchase used books or electronic copies 
  • Take part in a library 
  • Get local transit passes 
  • Shop for sales during 
  • Buy from shops in the neighborhood

You can work up to 20 hours a week in most countries, even during term breaks, full time. Only check if you are allowed to work on your student visa and find a job accordingly. Besides contributing to your workforce experience, this extra money will help you handle your expenses well. Just note that you will have to pay some amount of tax on your earnings, so check the rules I advance for international students in your new country.

Get a student card for yourself as soon as you can. This card will allow you to benefit from discounts on restaurants, stores, movie tickets, transport, and cultural events. There are actually several websites providing fantastic student discounts on events and shopping, do check them out!

Ask your SIPT advisor for the SIPT ISIC Student bonus card if you're heading to Poland to enjoy thousands of exclusive deals for full-time foreign students.

Know can things cost you more than you can take advantage of. Limit your shopping sprees or eat at fancy restaurants if you're tight on your budget. Why not instead call friends over for a monopoly game?

And why not? To cook at home, use your 'eating-out' allowance and purchase fresh ingredients. Trust us, with this, you can save about 30 percent-50% of your food budget! Cook in big quantities and save it in the fridge if you have less time; reheat and have it later so that you don't have to cook every day.

Each destination is full of awesome places to explore and have fun, and most of them come free or at nominal costs, believe it or not. Look up places like that, make a party, and go exploring!

Why not ride down to it if your campus is close enough? This is also a much better way to save money set aside for commuting.

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