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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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Matteo testimonial for keats chinese school

Matteo | Italy

Small Group Chinese Class

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David | Australia

Intensive One on One Chinese Classes

It has been notable because I have met a lot of people who I met first time last year like me to come back to Keats this year. The teaching has been fantastic. The teachers carefully prepare each lesson. I think this one-on-one approach is really a great way perhaps anyway to rapidly increase your level of Chinese and increase your confidence and fluency with the language.

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Sully | France

Small Group Chinese Class

All my classmates stay together for one year and we improved so much! The teachers are all very great. They like to organize a lot of activities to help us learn Chinese.

Duwenyu testimonial for keats chinese school

Du Wenyu | Netherlands

Intensive One on One Chinese Classes

So during my first week at Keats, I didn’t dare to speak any Chinese words. I found out that my Chinese level quickly improved since then. Although I have many options to study in China, for example some other schools have homestay, I found I could immerse myself and fully focus on learning Chinese by staying at Keats.

Richard testimonial for keats chinese school

Richard | UK

Intensive One on One Chinese Classes

This is my second time coming. Last year, I also came for about 12 weeks. This time I came for 13 weeks. 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 more quickly than group classes. If I have a chance again to come next year, I certainly will.

Ben testimonial for keats chinese school

Ben | USA

Small Group Chinese Class

My first semester that I studied at another school, and the pressure there was pretty high, the classroom hour was long, and the homework was pretty tedious. Since I came to Keats, I found I have a lot more opportunities to speak in the classroom. My classmates all are fluent and love speaking and participating in the class. We have great classroom dynamic.

Martine testimonial for keats chinese school

Martine | France

Intensive One on One Chinese Classes

I really enjoy this place because we have private lessons. I took the 6-hour program, 4 hours in the morning, 2 in the afternoon. Even though it is quite a lot, the teaching is complimentary. This is very helpful because I could review what I did before and learn new things. My 2 teachers are fantastic. We live in the school, so it is convenient. It is interesting to me to meet people from all over the world.

Rients testimonial for keats chinese school

Rients | Netherlands

Small Group Chinese Class

Kunming is a great place to learn Chinese because not many Chinese on the street speak English. Keats has been a great school for me and a lot of other foreigners who studied in china recommended it to me. I think they are all right. The study method here is really structured. They make learning Chinese really easy. There are also a lot of cultural and natural places to visit.

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