Saving Money as an International Student

Study Abroad Resources University lifestyle Saving Money as an International Student

Studying abroad opens up a world of opportunity – new cultures, new friends, and a fresh perspective on life and learning. And while it does come with some costs, managing your finances wisely can make the experience much smoother and even more rewarding.

You don’t need a massive budget to make the most of your time overseas. Many international students have mastered the art of living well on a budget, finding a balance between saving money and making unforgettable memories. See below as they share their top tips and tricks to help you do the same!

1. Spend Within Limits

Setting a daily budget is one of the simplest and most effective ways to manage your spending while studying abroad. It gives you a clear picture of how much you can comfortably spend in a day, whether it’s on meals, transport, or a little treat, so you’re less likely to overspend or dip into savings meant for essentials.

“I believe as an international student, the best way to save money effectively is to set daily limits for yourself. It keeps me in check by letting me know how much I have to spend for a day, hence making sure that I plan my purchases accordingly in order not to surpass my limit.”

– Nana Boakye from Ghana

2. Pack Your Own Lunch

Bringing food from home can save you a surprising amount each week—plus, it’s often healthier and more convenient than constantly buying meals on campus or at nearby cafés.

“Pack lunches from home instead of buying lunch daily on campus or nearby cafes. This can easily save £5-10 per day.”

-Lucina, from Hong Kong

3. Buy Ingredients in Bulk

Stocking up on staples you use often—like rice, pasta, or frozen veg—can lower your overall grocery bill and reduce last-minute takeout temptations.

4. Share a Home, Share the Costs

House sharing is a smart way to split rent, utility bills, and even groceries. It’s also a great way to build a support network while saving money.

5. Don’t Overspend on Textbooks

Before buying new, always check for digital versions, used copies, or your university library. Many textbooks are available for free if you know where to look.

“Look for digital copies of textbooks or second-hand versions first or even check your school library, before you take money out of your own pocket to buy them because most of them are expensive”.

-Zara from Kenya

6. Always Ask for Student Discounts

From restaurants to entertainment and even transport, student discounts are everywhere. Carry your student ID and don’t hesitate to ask!

7. Book Travel Early

Heading home during the holidays? Book flights or train tickets well in advance to lock in cheaper rates and avoid last-minute surges.

8. Use Voucher Codes When Shopping Online

Before checking out, search for free discount codes online—you’d be surprised how often you can save a few extra pounds.

-Richy from Myanmar

9. Skip the App-Based Taxi Service

Opt for buses or bike hire instead of ride-sharing apps. It’s not only cheaper but also a more sustainable way to get around.

10. Take Advantage of Free Entertainment

Explore parks, museums, galleries, and local events, many offer free entry and are a great way to enjoy your city without spending much.

Managing your finances as an international student isn’t just about stretching your pounds (or dollars)— it’s about making smart, sustainable choices that work for you. Whether it’s finding the right part-time job, cooking more meals at home, or taking advantage of student discounts, there’s no one-size-fits-all approach.

See more tips and stories from real students below: