Blog by Charlotte Andrews
Verto Community Intern
Your Verto experience is an incredible time filled with new adventures, cultural discoveries, and personal growth. With that growth, comes learning how to make smart budget decisions!
If you’re heading off for your first semester overseas, it’s crucial to understand the expenses that can creep up on you so that you can manage your budget effectively. Here’s a breakdown of the top five surprising expenses that often add up during a semester abroad, and tips on how to keep them in check.
1. 🚗 Taking an Uber to Class
Relying on Uber or other rideshare services to get to class might seem like a good idea, but those fares can add up quickly, especially over the course of a semester. A few rides a week can turn into a substantial expense, draining your budget faster than you might expect. To save money, consider using public transportation, which is often much cheaper and might even offer student discounts. Alternatively, explore walking or biking. By finding more cost-effective ways to get to class, you can keep more money in your pocket to spend on what actually matters to you.
2. 🍽️ Food and Dining Expenses
Eating out frequently may seem like a convenient and enjoyable option, but it can quickly become a major expense that eats away at your budget (pun intended). Regularly grabbing meals from restaurants, fast food spots, or coffee shops adds up. To keep your food expenses in check, focus on meal prepping and cooking at home, which is generally much cheaper and healthier. Create a weekly meal plan, make a grocery list, and stick to it to avoid impulse buys. Even better, grocery shop with your roommates! Additionally, take advantage of student discounts, use coupons, and look for mid-week deals at restaurants.
3. 🕺Going Out and Ordering Drinks
You may finally be able to go out legally in another country. However, you may quickly learn that alcohol, bar covers, and late-night taxi rides home can add up quickly. To keep your expenses in check while still enjoying the nightlife, try to beat the bar by spending as little as you can while going out. Alternatively, explore budget-friendly social activities like hosting a game night or movie marathon at home, where you can enjoy time with friends without the high costs of a night out.
4. 🏨Lodging for weekend trips
When planning a weekend getaway, accommodations can quickly inflate your travel budget, but there are plenty of ways to keep those expenses down. To save money, consider booking a stay through budget-friendly platforms like Hostelworld, Airbnb, or Booking.com, where you can find affordable options ranging from shared rooms to budget-friendly private stays. Look for deals and discounts, especially if you book in advance or during off-peak times.
Another great tip is to explore hostels that offer free breakfast. Additionally, consider researching alternatives to staying in the city’s most touristy area, where prices are often highest. By being flexible and resourceful, you can enjoy your weekend trip without breaking the bank.
5. 🛍️ Souvenirs for People at Home
Picking up gifts for friends and family when you’re traveling can quickly add up, but there are smart ways to bring back souvenirs without breaking the bank. Instead of buying expensive trinkets, look for meaningful yet budget-friendly options like local snacks, postcards, or handmade crafts from markets. Consider visiting souvenir shops that offer bulk discounts or look for unique items from local thrift stores and flea markets. Personalize your gifts with a handwritten note or a creative touch to make them unique without spending a lot.
Another great strategy is to plan ahead and set a souvenir budget, so you can choose items that fit within your financial limits while still sharing a piece of your travel experience with loved ones.
Conclusion
Your Verto experience is a fantastic opportunity that requires careful financial planning to ensure you can enjoy it without breaking the bank. By being aware of these top five expenses and planning ahead, you can manage your budget effectively and make the most of your time overseas. Remember, a little preparation goes a long way. Enjoy your journey, embrace new experiences, and make lasting memories!
Want to see if a Verto start to college can work for you? Apply today to get started.
*** Note: Specific programming and activities are subject to change semester by semester.
