Planning a budget for your everyday and weekly/monthly expenses while abroad is important to make sure that you will have sufficient funds to cover your entire time abroad. There are a number of resources available that can assist you in your budget plan for your study abroad program including:

• Living Expenses - Several websites will tell you the cost of everyday items in countries around the world and even provide you with a comparison to your home town
  • Numbeo
  • Expatistan
• Currency Conversion - It is important to understand the conversion rate so that you know how much money you are spending. Keep in mind that exchange will fluctuate throughout your time abroad.
  • XE Currency Converter

 

Lonely Planet guidebooks or other travel guidebooks offer a lot of details on travel costs, recommended places to stay, exchange rates, and more. PIC has a library of guidebooks in the office if you want to take a look before buying.

Talking to students who recently participated in the same program or students from the program where you will be studying is always helpful in gaining a better idea of overall costs and spending tips. You can contact the Padnos International Center for assistance in connecting with other students.

Build in a cushion for unexpected expenses. Flight delays, medical costs, and currency exchange fluctuations can all have an impact on your budget.