pro finance blog
Menu
  • About Me
  • Hire Me
  • Contact Me
  • Submit a Guest Post
    • Privacy Policy
    • Disclaimer
Menu
Money as an International Student

Keeping on Top of Money as an International Student

Posted on November 15, 2019January 16, 2023 by Tina Roth

Being an international student in the USA or Canada is an incredibly exciting adventure, but it can also be a confusing time – especially when it comes to money. If you’re scratching your head a little over your finances, read on to find out how to keep on top of your money while you’re studying abroad, so you can focus more on studying and less on worrying.

Money as an International Student

Remember Your Student Loans

One of the biggest costs you’ll be facing as an international student is, of course, your student fees – not only your tuition fees, but your living costs, bills and other expenses you’ll need to pay as a student.Without guaranteeing any scholarships for international students, it’s hard to find the money. Your best option for paying your fees is getting yourself one of many international student loans. If you’re unsure where to look, MPower Financing offer lots of DACA students loans that are perfect for people like you. They offer fixed rate loans from $2,001 to a generous $50,000, with up to 1.50% in interest rate discounts, meaning you’ll be able to live comfortably and happily without worrying about ending up in buckets of debt. They offer these to over 190 nationalities, so wherever you’re from, you’re sure to be welcomed with open arms.

Make a Budget

Making a budget is really important,especially in an unfamiliar country. To make a budget,firstly you’ll need to look into what expenses you’ll have. Some common ones are tuition, rent, and health insurance – if you’re still unsure about what expenses you’ll need to pay, contact your college’s international student support team and they’ll be able to offer advice and guidance.You’ll then need to look at your income-once you’ve calculated it, take off any expenses that are mandatory and then split your money into how much you have per month.Don’t worry about planning everything out – you need your budget to be flexible. As long as you stick to your monthly amount, that’s fine.

Money Saving Tips

There are a few ways in which you can save some cash, so you can have as much spending money as possible. Firstly, cooking instead of ordering take-out or buying ready meals is much cheaper, and saves you a lot of money in the long run, as well as keeping you healthier. You should also look to see if you can get any store loyalty cards– this will mean when you’ve built up your spends, you’ll be able to get discounts and free items as a reward for buying products from that particular store. It’s also worth seeing if there are any local jobs available, or if not, anything you could sell to save a bit of extra money. After all, you don’t want to be stuck for cash in a foreign country! This is also a good reason why you should always keep some money set aside as an emergency fund, just in case the worst does happen.

Hopefully this advice has helped make managing your finances abroad a little easier. Don’t forget to have fun!

Category: Student Loan

Leave a Reply Cancel reply

You must be logged in to post a comment.

About Me

finance blogger

The idea of starting a blog has been hitting me for long; I took it seriously after falling into a spiral of debt and recovering from it.

I have been anxious all through the financial difficulties. I see that same anxiety in the eyes of people, whose ill fate has put them at odd with financial repose.

It makes me compassionate. Out of this compassion and goodwill, I started this blog. I wanted to help all those, who are facing financial distress..




  • Stock Market
    Understanding the Gov Tech MarketFebruary 16, 2023
  • Phuket Real Estate
    Why You Should Invest in Phuket Real EstateJanuary 24, 2023
  • Corporate Governance
    Corporate Governance: What Are the 3 Core Principles of Good Corporate Governance?December 17, 2022
  • Successful Retirement
    How To Plan For Successful Retirement At 50: 5 Steps To Get Started OnNovember 4, 2022
  • Online Money Transfer
    Do You Still Transfer Money Internationally With Your Bank? There Are Better Online Solutions For ThatOctober 14, 2022
  • finance
    Important Roles of the Minister of FinanceSeptember 16, 2022
  • Avoid for New Businesses
    5 Forecasting Faux Pas to Avoid for New BusinessesSeptember 16, 2022
  • Affecting Pensions
    How Inflation Is Affecting PensionsSeptember 2, 2022

    ProFinance Blog is dedicated to help people who are struggling with their personal finances. We have learned the lessons first hand and know how real the struggle is. Being compassionate about the personal finances and blogging about is our way to help people know more about different situations and how effectively they can handle it. So take control of your finances now and take actions towards gaining financial freedom and security. Join us in the mission to self-educate, learn and help others by sharing valuable information on finances. Here you will find information, tools and techniques on various aspects of finances and learn how you can use the information and implement it to make your financial life better than ever.Join us in our mission to financial freedom.

    • Stock Market
      Understanding the Gov Tech Market
    • Phuket Real Estate
      Why You Should Invest in Phuket Real Estate
    • Corporate Governance
      Corporate Governance: What Are the 3 Core Principles of Good Corporate Governance?
    © 2023 ProFinance Blog | Powered by Minimalist Blog WordPress Theme