Real Advice for Study Abroad Part 8: How To Stretch Your In-Country Budget Further

I have found that living in, and properly experiencing, a new area while studying abroad is somewhat of a balancing act; with so much to see and do, and only so much cash to go around.

However, during my stay in New Brunswick, even after loosing my debit card, I was able to stretch my money to its limits and make the most out of my time abroad on a budget. I am confident that the tips below will help you do the same. Enjoy!

1. Prepare a Budget: First things first, do some research on your area of study to evaluate the approximate cost of living. One of my favorite sites is Numbeo.com. Also refer to the StudyAbroad101 reviews for your specific program to investigate how much past students spent over the course of their stay. They sit down with your financial information and really map out what you have to spend, and what on. Spending categories may include food and beverage, transportation, leisure/entertainment, travel, souvenirs/gifts, etc. Also set aside some money for emergencies just in case. Now you should have a good basis on which to map your weekly spending allowance for the duration of your program.

2. Walk Whenever Possible: I know this one seems obvious but, really, skip the busses and cabs while traveling and let your feet take you where you need to go within reason; fares add up fast! Walking will keep you active while allowing you to explore your host city in an intimate manner. For example, during Explore 2013, we used to walk all the way to the neighboring city of Dieppe just for fun, or to run errands. The 4-mile journey was perfectly doable and helped us figure out Moncton's downtown layout. However, for safety's sake, don't forget to go with a buddy or small group if you choose to hoof it!

When walking just isn't feasible, splitting a cab with friends can keep the fare low. Just don't forget to ask the cabby to explain the fees and fare before getting in.

3. Shop Discount Stores: Dollar discount stores, bulk food stores, and thrift shops are the budget traveler's best friends. Lucky for me, I spent Canada Day in Canada, so my local Dollarama was packed with maple leaf-clad memorabilia. However, most discount retailers should carry post cards, key chains and other souvenir-type items year round to bring home as inexpensive gifts; and trust me, no one will mind (or likely notice) that you shopped smart for their presents. These places are also great for picking up things like silverware, dish soap, laundry supplies, school supplies and anything else you may need on your trip.

PRO TIP: With a little forethought,  you can also make your own tea and coffee from bulk-bought supplies just as you would at home as long as you have a microwave in-country. I figure I saved myself $20 a week making homemade chai lattés and instant coffee for less than $1 a piece compared to $3+ café drinks while in Moncton.

4. Don't Be a Water Snob: As long as the water in your area is safe to drink (ask an authority figure such as university staff, don't just assume) drinking from the tap can save you a small fortune, especially if you usually buy bottled water from vending machines. Even refilling each bottle one time can help you stretch your food and beverage budget - not to mention help preserve your local environment.

5. Dine Smart: Though buying groceries will most likely be the very cheapest way to eat while abroad, I know that engaging in gastrotourism is one of the most important ways to experience a new culture. Ask your program staff, other locals, and online review sites where the best local places are to eat on the cheap. They will steer you away from touristy restaurants and towards the hotspots that serve the best regional cuisine on a budget. Plus they can tell you where the best dive bars are!

Once you've found great restaurants, stretch your budget further by sticking to the following advice:

• Drink water instead of expensive soda. It's calorie free and cost free! 
• Be aware of "specials." Oftentimes the dish-of-the-day will actually cost more than normal fare, so ask to see a menu before making a decision.
• Share with friends and split the bill. You will be able to try a greater variety of local fare for less coin - it's a win-win!
• Keep gratuity in mind and make sure to save some cash for tips. Don't forget to check what the customary practices are in your area beforehand to save yourself any embarrassment.
• Take your meal "to go" and have a picnic with friends. This will allow you to save on gratuity, and allow everyone to bring from multiple restaurants, or from home, without feeling left out.

Hopefully these tips will help you live larger on less while abroad. Don't forget to post your favorite money saving tips in the comments below.

Thanks for reading!