You finally did it, you got that long-awaited admit from your dream university! The excitement of starting a new chapter in a foreign country, meeting people from around the world, and exploring a whole new culture is unmatched. But as you settle into your new routine, there’s one thing that quickly becomes clear, studying abroad isn’t low-priced. From tuition fees, accommodation, to groceries, every expense adds up faster than you’d expect.

That’s where smartly saving money abroad comes in. After all, “a penny saved is a penny earned,” and learning how to manage your finances wisely can make your international journey far more comfortable. Before you start planning how to save, it’s important to understand where your money actually goes. Let’s start by looking at the major expenses to consider while studying abroad.