Adjusting Your Budgeting Life for Your Trip Aboard Source wwwcuportlandedu Todays Overview Manage your budget How Much Will You Need Source wwwwisebreadcom Program and Associated Costs ID: 762490
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Adjusting Your (Budgeting) Life for Your Trip Aboard Source: www.cu-portland.edu
Today’s Overview Manage your budget!
How Much Will You Need? Source: www.wisebread.com
Program and Associated Costs: Ask your study abroad program coordinator for all of the costs related to the program. Consider other expenses not included in the program costs but you will incur while abroad. Inquire concerning a sample budget of personal expenses, or an indication of how prices in the host country compare to home. Separate “needs” from your “wants”. How much can I afford?
How much does it actually cost me to survive over there?
How Much Will You Have? Source: www.notonthehighstreet.com
I’m not panicking, but how am I going to pay for this? Sources of Funding: Part-job, work more hours, second part-time job Financial Aid & Scholarships website: http://www.sdmesa.edu/academics/study-abroad/financial-aid-and-scholarships.shtml https://www.apistudyabroad.com/students/financial-information/scholarships/ https://www.goabroad.com/scholarships-abroad Financial Aidhttp://federalstudentaid.ed.gov/ Scholarships Crowd Funding www.gofundme.com ; www.fundmytravel.com Look at offer ways to save a few bucks here or there!
Cash or card: How does money work abroad?
Become a Budget King / Queen Pronto! Source: www.youtube.com
Creating a Study Abroad Budget Estimate high when calculating any variable expenses (food, laundry, entertainment, snacks). You will likely buy souvenirs before you leave, plan to spend a little more money than usual during your last weeks aboard. Examine your current spending habits and start looking for ways to save. Plan for the unexpected - - life happens!!
COST WORKSHEET Use this worksheet to estimate the total cost of the program. Information can be found on websites, blogs, program website, students, faculty leaders, etc. Program Fee Tuition and fees Books and other educational supplies Orientation Passport and passport photos Visa Airfare Immunizations Administrative fees Accommodations Meals (Breakfast, lunch, dinner) Beverages (Coffee, Soda, Smoothies, Water) Toiletries / Personal Items Insurance, Co-Pays (Dr. appt.) Shopping (Clothes, shoes, etc.) Souvenirs Laundry / Dry Cleaning Travel Expenses Other transportation (cab, bus, train, Uber) Recreational / Entertainment Spending Money Other expenses Emergency Cash/Unplanned Expenses TOTAL ESTIMATED COST $ - Scholarships Grants Financial Aid Other Sources TOTAL FUNDING SOURCES $ - FUNDING NEEDED $ - BALANCED $ -
Stick to your budget while you are abroad!
Study Abroad Weekly Spending Diary Emergency Cash $200.00 Notes: Amount Budgeted for the week $200.00 DAILY LIVING EXPENSES Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Date Dining Out (Take Out, Dinner, etc) Morning Beverage(Coffee, Smoothie) Toiletries/Personal Items Insurance Co-Pay (Drs. Appt) Shopping (Clothes, shoes, etc.) Souvenirs Dry Cleaning/Laundromat Travel expenses to other cities or countries Other Transportation (cab, bus, train) Recreational Expenses (movie rental, etc) Entertainment (club, theatre, snorkeling,etc) School Supplies Misc Spending (Itemize) 1 2 Emergency Cash/Unplanned Expenses 1 2 TOTAL DAILY LIVING EXPENSES $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Total Amount Spent During the Week (Day 1-7) $0.00 Money in Account (Total balance at the end of week) ### NOTES:
Stop dreaming about going away and start your study abroad budget now!
Questions?