Here are our top money saving tips for an intern abroad
Go to museums on free days
Many public museums will specify days when you can see exhibits for free or at discounted rates. Make a note of when those discount or free days occur on your calendar so you never have to pay full price. By planning ahead of time you will be able to see more of the city for less.
Estimated weekly savings: US$5 to US$15
Estimated 3-month savings: US$60-US$180
Find a good international credit or debit card
Shopping around for a debit or credit card that offers a good exchange rate and lets you withdraw internationally for free can really help an intern abroad slash their expenses. Charles Schwab, for example, offers free withdrawals at ATMs internationally for their investor checking clients.
Estimated weekly savings: US$3 to US$6
Estimated 3-month savings: US$36 to US$72
Bring a lunch to work
Instead of eating out during your lunchtime, save money and get to know your colleagues a little better by bringing your lunch and eating in the work lunchroom. If your colleagues eat out a lot, try to pick just one day a week to join them. Lunches are often rushed anyway, so if you’re going to splurge and out you might as well make it dinner.
Estimated weekly savings: US$10 to US$50
Estimated 3-month savings: US$120 to US$600
Use Skype and WhatsApp instead of international phone plans
There are so many ways to use the internet to contact people around the world, it’s a waste of money to buy an international phone plan. All housing accommodations come with Wifi, so family and friends are just a Skype call or WhatsApp message away. Viber and Facebook are also other effective and free communication tools that just rely on an internet connection.
Estimated weekly savings: US$5 to US$15
Estimated 3-month savings: US$60 to US$180
Look for free cultural events
Many cities host community or city cultural events that are free, especially in the spring and summer months. Keep an eye out for these on city events calendars or cultural center websites. Usually these events involve an element of local culture, so it’s a great way to better understand local traditions and save a little cash. Attending these events is also a good way to meet people when you’re new to a city.
Estimated weekly savings: US$1 to US$30
Estimated 3-month savings: US$12 to US$360
Dine in
Instead of planning a night out, invite your friends over and plan a big homemade dinner. Everyone can pitch in a few dollars and help cook. Fixing dinner as a group will be more fun and communal while costing way less than going out for a meal. Even though it can be tempting to eat out all the time while living in a new city, it’s better to save that money for day trips or other fun activities.
Estimated weekly savings: US$28 to US$200
Estimated 3-month savings: US$336 to US$2,400
Walk or take public transportation
Splurging on a taxi if there is public transportation available is a waste of money. The bus or metro may not be as pleasant of an experience, but it’s part of living abroad and can be a great opportunity for people watching. Walking to your destination is another good option. It’s healthy and completely free!
Estimated weekly savings: US$5 to US$70
Estimated 3-month savings: US$60 to US$840
Total weekly savings: US$57 to US$386
Estimated total savings over three months: US$684 to US$4,632
