Saving money when you’re studying abroad is a must.
We know that it’s already expensive to pack up your life and move across the world for your education. We want it to be easy for you to come to Kunming, China to study Mandarin, instead of worrying about your bank account balance.
Because of this, we’ve decided to share some practical tips on how to save money as a student who is studying in Kunming, China.
The first how-to when it comes to traveling cheap is creating a travel budget. In our first saving money article, “How to Save Money While Studying in China,” we mention planning ahead. Creating a travel budget before you’re at the airport, ready to fly, will allow you to understand your money situation and stick to the budget.
To help, we’ve created a FREE cost comparison graph for you. It compares some everyday expenses. We break down things like what an average lunch costs in China, compared to the USA, and the conversion rate of the bill.
This graph will help you know the cost of living in Kunming and how much money you should allocate to different things in your budget.
While it may take a bit to create your budget, it’s important to stick with it throughout your study abroad experience. If you stick to your budget, you’ll more than likely feel at ease when you’re away, and you open up your bank account statement.
Yahoo posts the daily exchange rates for all currencies, and a simple search will ensure you’re getting the most value out of your dollar.
In addition to paying attention to the rates, withdraw more money less often. Now, we’re not saying to walk around Kunming with hundreds of dollars on you, but withdrawing more money less frequently will save you from those pesky ATM fees.
ATMs are one of the best places to get money out abroad, but one of the biggest misconceptions is that there’s only one flat fee to withdraw money. But, in actuality, you can be charged multiple fees. Fees include a flat $2-5 transaction fee from your bank each time, a percentage fee for the currency conversion, and possibly a fee from the ATM you use abroad.
These fees add up to become a big chunk of your budget. So, pay attention to the fees, and by withdrawing more money, less often, you’ll be saving some good money.
One of the biggest money grabbers is eating out. A meal, plus a drink and maybe even a sweet treat to finish it off, end up costing a lot of money. Luckily, at Keats School, our meals are included in tuition.
This means you’re saving money on breakfast, lunch, and dinner every single day. But, on the weekends, when you’re on your own, pick the cheaper restaurants. Pick the cheaper food options and stay away from spending a lot of money on drinks.
They go down fast, and your bill goes up fast.
Adding an international phone plan to your existing plan could cost you an arm and a leg, and forgoing that is one way to budget your money. Many international students recommend downgrading your phone plan to remove data and have it solely connect to wifi when available.
This could save you a lot of money every month. Some even cancel their whole plan and stay in touch with friends and family via a computer.
If you’re not ready to cancel your plan, Keats School provides a sim card for all students once they arrive in Kunming. This will help you stay in touch with your friends and family while you’re out exploring China.
You’re not going to need your magazine subscription to Mechanical Engineering while you’re away. Cancel your subscription and save some money while you’re a Mandarin language student. You’re not going to need your gym membership while you’re abroad. Cancel your membership and save some money. Plus, Keats School has a gym for all students to access.
You could even go as far as canceling your Netflix, Spotify, Apple Music, and your home internet. Some or all of these things are extra payments that you could minimize.
A straightforward, practical way to save money while living in China is to have a no-spend day. It’s as simple as the title reads. Spend no money for one day a week. That one no-spend day will allow you to save a couple yuan.
If you choose the intensive one-on-one Chinese program, it is an all-inclusive program, including accommodation and meals. Therefore, you can actually learn Chinese in China with Keats while spending no money at all for one day. This can help you fully immerse yourself in Chinese language studies.
Many products in China are cheap and of good quality, so sometimes the students get fascinated with all the great things in China. Please make sure that the thing you buy is really in urgent need or the gift you would like to give to your family or friends. If not, don’t spend on things that you don’t need.
Now that you know it’s possible to study abroad and save some money, it’s time to apply to Keats School. At Keats, we have eight different Mandarin language courses. Each course is customizable to you and your language needs.
To learn more about our courses, visit our courses page. To apply to Keats, start your online application today.
I’ve been at Keats school and Kunming now for one month doing the one-on-one Chinese lessons with two different teachers. I really enjoy it. Both of my teachers are very friendly and patient. They really helped me to improve my Chinese, both of my reading and speaking. I really enjoy studying Chinese in Kunming as well. This city is really beautiful and the weather is nice, the air is clean. It’s one of the best cities in China to study Chinese.
Kunming is a fantastic city. The weather here is great. The school is excellent. The instructors are very helpful, very friendly. I strongly recommend that anybody who is looking for a Chinese language school in China come here to study. Kunming and Keats school are much better than any other place.
My teachers are all excellent. They trained the teachers so professionally. I feel like I learn very quickly with my teacher. They are very serious about their students and I know every teacher is like this. I would highly recommend that you come to Keats if you are looking for the best Chinese school in China.
I really enjoy coming here because it is like kind of a home for me. It is a great environment to learn Mandarin Chinese in China and meet great people from all over the world. Everyone here is extremely friendly. Kunming has a really nice climate. It is a very good mix of the modern city and also a lot of historic Chinese culture. Probably got the cleanest air in China and possibly the cleanest water too. I invite you to come to study Chinese in Kunming.
Before I came to Keats School, I had no confidence in my Chinese proficiency. I did not have the confidence to speak Mandarin Chinese and chat with Chinese people. However, after 4 months of study at Keats, I become more and more confident in speaking Chinese now. Studying Chinese in China at Keats School has been the best decision I have ever made. There are many games in the class, and my teacher’s teaching methods are also very interesting. My experience at Keats School has changed my view of China and Chinese people.
I come to Kunming because I think the environment in Kunming is better and I heard that Keats School is better. I like the small group Chinese class because my classmates study hard and our teachers are very good. I like the teaching method of Keats because I like the activities at Keats. I think Yunnan is a particularly beautiful Chinese province.
This is my second time coming. Last year, I also came for about 12 weeks. This time I came for 13 weeks of a summer program in China. The reason why I particularly want to come to this school was because of the one-on-one classes. I was able to increase my level and learn Chinese more quickly than in group classes. If I have a chance again to come next year, I certainly will.
My name is Sarah Fish. I am 81. I knew very little Chinese when I arrived. How was I going to survive 2 weeks of intensive Chinese course? I have to laugh when I think of that now. What a positive experience this has been! I really wish we could be here a little longer. The teachers are extremely encouraging, evaluating first how much someone knows, and then starting from there.