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HOW TO SAVE MONEY WHILE STUDYING IN CHINA

So, you want to be a savvy saver to be able to make studying abroad a reality.

While traveling and studying abroad will be expensive and you probably will hit some unexpected costs, there are ways to save money now for your travel later.

In this blog post, we show you how to become a well-informed traveler (the best kind of traveler) and give you tips that will keep your money in your pocket.

PLAN AHEAD


What is travel without a little planning? Preparing for your trip beforehand will not only save you money but you will have a better peace of mind when you reach your new home. So, to start: plan, research and then plan some more.

Get to know your new city. Scroll through news sites, travel forums and your new school’s website.

Create an “Adventure” savings account and with every paycheque until your trip, pay yourself first. Make sure the account can’t be touched with your debit card, that way spending won’t happen.

While you’re at it, create an emergency or a “just in case” fund. The same as your abroad account, pay yourself every paycheque. This money will allow you to feel more comfortable heading overseas because most likely something will come up and having an emergency fund will save you from going into debt.

Tip: Check online to see if you’re eligible for study abroad scholarships, grants or loans. These could be a good way of saving some money.

BE REALISTIC

On top of paying yourself, you need to create a budget, stick to it and review it regularly. There are going to be unexpected costs when you’re traveling and living abroad. Educate yourself on the many costs associated with travel and put them together to create a travel budget.

Sit down with someone to talk about your options to save the most money. Don’t forget that your bills in your home country won’t stop just because you’re living abroad.

Tip: Tell your banks and credit card companies that you will be abroad. Talk to them about fees associated with using your card overseas. Telling your banks you will be abroad will also allow them not to freeze your accounts for fraudulent activity, which could leave you stranded with no money.

The plan is to have enough money in your bank account when you head abroad. If you’re realistic and smart with your money, it’s possible.

BE SMART WITH YOUR MONEY


There are many ways to slowly chip away at your current travel price tag/budget, bringing it down to a more reasonable number.

One of your biggest ticketed items will be your plane fare. You’re going to want to compare airplane costs to make sure you are getting the best deal.

Tip: Always clear your cache and browse in incognito mode to get the best prices every time you use a travel site.

The other big item you’re going to be saving for is your schooling. Choosing a school abroad is a big decision. To save money, pick a school that includes all of the essentials like room and board, meals, internet services, laundry, etc.

Tip: Keats School in Kunming offers all of these services along with several different study plans at different price points. More than 10,000 students have picked Keats as their school abroad.

After those two large expenses, there are smaller ways to save money too.

Learn how to cook! If you’re not going to be attending a school that includes meals, learn how to prepare healthy, hearty meals. It will be easy to fall back on readily-available services like take out food, but by cooking your own food, you will save a lot of money.

Learn to navigate! Transit can be expensive and taking a cab is more money of out your pocket. To save some cash, learn how to read a map and start walking more.

Tip: You can even use Google Maps to navigate offline, just remember to download map areas while connected to WiFi.

Start saying no to luxuries now while you’re saving for your trip. If you don’t have money for travel now, you probably won’t have it later when you’re there studying and not working.

UNDERSTAND THE COST OF YOUR NEW COUNTRY


The cost of living in every city is different. Putting in the time to research the average costs of items and living will allow you to prepare for your new home.

Take into consideration the exchange rate when saving and spending money. Ask and learn about the gratuity in your new country. Do they tip? If so, how much? And for which services?

And, don’t forget… you’re in bartering culture. Don’t end up paying far more above a reasonable price. Get comfortable bartering for goods.

Understanding these basics will allow you to feel more “at home” when you arrive.

SAVE NOW, ENJOY LATER

Cha-Ching! Your comfort level abroad will depend on how much you plan and prepare while you’re home. Keep an eye on your daily expenses and learn as much as possible about your new country before jet setting.

Lastly, live like a local and you will get the real experience. You won’t get stuck in any tourist money traps and you will be thankful later when you’re calculating how much money you spent (and saved) studying abroad in China.

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OVER 7000+ STUDENTS HAVE STUDIED AT KEATS

Josh

Josh | USA

Small Group Chinese Class

I really had a wonderful experience at the school. The teachers are very very friendly. In my class, we practice speaking, listening, reading and writing. We play games and other fun activities. We have trips around town. The staff at Keats is phenomenal. My teacher is one the best teachers I have ever had in my educational experience. She comes in with smile every day.

Ramji

Ramji | USA

Intensive One on One Chinese Classes

The best part of the school is the patience the instructors had and the time to focus on the fundamentals like pronunciation. I think it is very easy to skip over those and go to vocabulary. But by learning the pronunciation, I feel like it helped me gain a better understanding of the language.

Matteo

Matteo | Italy

Small Group Chinese Class

I really enjoy studying Chinese at Keats in Kunming. The teachers are great and my classmates are awesome. It is an unforgettable experience for me. I also got the chance to travel to other places in Yunnan. Those places are amazing and you definitely need to visit these place when you study at Keats.

Sarah

Sarah | Dubai

Intensive One on One Chinese Classes

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.

Faith

Faith | UK

Intensive One on One Chinese Classes

I have 2 teachers, and I do 4 hours a day. So I have got Dong Laoshi and Jin Laoshi. Both of them are very good. They made the experience very nice to me. They are willing to help you whenever, so if you ever have a question here, the teachers are always there to help you whether it is visas, whether it is getting around the city. Everyone wants to talk to you.

Sarah

Sarah | USA

Intensive One on One Chinese Classes

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? 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.

星河明

星河明 | Japan

Intensive One on One Chinese Classes

I took the one-on-one class with 6 hours a day. The classes are very interesting. The teachers are caring and the content the teacher teaches me is suitable for my level. I have a lot of time practicing Chinese in class. The food is great here. I have improved my Chinese through this program at Keats.

Nicholas

Nicholas | Canada

Intensive One on One Chinese Classes

At Keats, I have a lot of opportunities to practice what I have learned. I really like this school, because I can learn Chinese in one-on-one style, so I think this is the best way and my teacher is the best teacher. I feel that without my teacher, my Chinese will definitely not improve so much. I’m very happy because at Keats, I have improved my Chinese significantly.

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