What You Need to Know About Study Abroad Budgeting

Why Budgeting Matters

Budgeting ensures financial stability, prepares you for emergencies, and builds financial literacy while studying abroad.

Major Expenses to Expect 

✅Tuition fee ✅Accommodation rent ✅Transportation ✅Food & grocerie ✅Daily utilitie ✅Insurance & health expense

Average Tuition Costs 

✅USA: $30,000-$70,000 ✅UK: £10,000-£30,000 ✅Canada: CAD 20,000-CAD      50,000

Average Living Costs 

✅USA: $32,000-$42,000 ✅UK: £14,996-£26,820 ✅Canada: CAD 17,480-            CAD 40,200

Key Budgeting Tips 

✅Set a budgeting purpose. ✅Estimate available &       required funds. ✅Understand currency      rates.

Needs vs. Wants  Allocate funds wisely

✅70% for need ✅10% for want ✅20% for savings/emergencie

Save More, Spend Less

✅Opt for shared housing. ✅Cook at home. ✅Use public transport. ✅Avoid unnecessary      splurges.

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