💡Board of Knowledges💡

Greetings, Menlo students! 📖

When you decide to study abroad, you will get a lot of valuable experiences. Not only the academic experience on campus, but the experience of living away from family must have its own struggles. From having to overcome homesickness, prepare all the necessities of life on your own, to having to manage your finances well so that it is enough to meet the needs of life every month. And what are some tips on how to save money while studying abroad?

And what are some tips on how to save money while studying abroad?

• Create a monthly shopping list

If you want to shop for groceries, make a shopping list and don't pick up items that are not in your shopping plan for the day.

• Try to cook your own food

Cook your own meals at home to save half of the cost of living.

• Find a place to live near campus

Why? So that you can save on transportation costs. If you can walk to campus, it will certainly be more efficient than you have to take public transportation.

• List your monthly income and expenses

You need to record all the money you receive and what you will spend each month.

• Use Public Transportation

Avoid using taxis or expensive private transportation services. Make use of public transportation such as buses, trains, or bicycles for daily commuting.

• Avoid Compsumting Habits 

Consumptive habits tend to make you spend more than you should. Uncontrolled consumptive habits during college can have a negative impact.

• Find a part-time job 

Working part-time or freelancing can also be an option so that you can save more on the cost of studying abroad. And you'll earn extra money to live on.

By implementing the above tips consistently and wisely, you can manage your finances well and focus on your academic development and valuable experiences while studying abroad. Good luck!