Studying abroad is an incredible experience, but managing your finances in a new currency and cost of living can be daunting. Here are some smart money hacks to help you thrive, not just survive, in 2026.

1. Master the Budget App

Before you even arrive, download a budget tracking app (e.g., Mint, YNAB). Categorize every expense from tuition to coffee. This visibility is crucial for identifying where your money goes and making adjustments.

2. Local Bank Account & Debit Card

Open a local student bank account as soon as you can. Avoid excessive international transaction fees from your home bank. Many local banks offer student-friendly accounts with no monthly fees and good exchange rates.

• Use Student Discounts: Always ask! Most countries offer discounts on transport, museums, and even food for students. Get an ISIC card if available.
• Cook at Home: Eating out, especially in popular student cities like London or Sydney, can quickly drain your budget. Learn to cook simple, affordable meals.
• Part-Time Work: Familiarize yourself with local work permit rules. Even a few hours a week can significantly offset living costs.

Being financially savvy frees you up to enjoy your international adventure without constant stress.