How To Save Money Abroad

While you are getting paid to live in another country when you are teaching abroad, expenses can get high while you are traveling, experiencing new things, and living abroad. There are many ways to save money, however, so you can add it to your savings account or you can use it on more experiences while abroad.

Transportation

Transportation is a huge way to save money and put a couple bucks back into your wallet. While taking a taxi or uber may be more convenient, there are many other ways to get around town to your destinations. If you are going to be in a country for a long time, consider investing in a monthly metro pass. Also, bikes are another great way to get around town and relatively cheap to rent as well as find a cheap one to use for the time that you are there.

In addition, one of the reasons you are teaching or traveling abroad is to experience new cultures. Weekend trips are a great way to experience new places and they don’t have to use your whole paycheck. Look into cheap tickets or cheap ways to travel to where you want to go, you’ll likely be able to find many deals.

Housing

While living alone has it’s perks having a roommate while you are abroad certainly has many advantages as well. Most likely there will be other people teaching abroad at the same time as you through a teaching program or at the school you are located in. See if you can reach out beforehand to discuss living arrangements so that you can save a lot of money on rent, since you most likely won’t be in your house that much anyway. In addition, see if the school you are working for has any leads on affordable housing or offers housing included in your teaching package. Some hostels even offer rooms for long periods of time.

Save Money On Dining Out

Food can put a huge dent in your budget. While experiencing new foods and tastes is part of the culture it is important to spend your money wisely. Get local friends to teach you how to cook new dishes and buy groceries and staple items when possible. You can save a lot of money by bringing your own lunch and breakfast to work and just grabbing dinner instead of going out for every meal.

While you will be spending a lot of money abroad, these are a few simple ways to save so you have some pocket change to put into your savings or spend on experiences.


Originally published at kevincao.net on June 20, 2017.