Budgeting Dos and Don’ts for Studying Abroad

Studying abroad is the adventure of a lifetime and will certainly be an experience you will remember forever. However, moving to a new country and school while being surrounded by new people and environments can bring about unexpected challenges and moments of uncertainty. Good planning can reduce the stress in studying abroad and make the adventure even more enjoyable.

While planning my trip, I learned a few essential ‘do’s’ and ‘don’ts’ that I would like to pass on for those who are thinking about studying abroad and may not know where to start. While these tips may be obvious to some, it can be very new to those who, like me, don’t have family with experience in college and/or study abroad to guide them.

  • DO Plan, Plan, Plan!       
  • DON’T have too much of the “I’ll see when I get there” mindset
Planning Spreadsheet


Planning is important for all travelers, and is especially relevant for first-generation university students. While ISA and your school’s study abroad office are excellent resources, there are many aspects of studying abroad that you must plan for independently. Waiting until you are settling into a new country, school, and cultural environment can be a tricky time to plan for class schedules, school events, extra travel, and other important things. You can’t plan every second of your time abroad, but thinking ahead about things that are important to you can help make sure you don’t miss out on your must-do plans. Also, budgeting time for your studies will be essential to keeping your grades up. Definitely be spontaneous and leave room for loads of fun, keeping in mind that your time abroad can pass by in a flash so make the most of it!

  • DO save and budget       
  • DON’T expect financial aid to cover all expenses
Blank Budget


Your school’s study abroad office can help you sort out financial aid and may even be able to offer you additional scholarships for your program, but don’t be caught off guard by out-of-pocket expenses that may arise. Be sure to track your financial aid disbursement dates to ensure that all of your fees will be paid on time and that other necessary bookings will be made well before you leave. Creating a detailed budget ensures that you have enough funds not only for school fees and flights, but for things like food, toiletries, textbooks, phone plans, souvenirs, and so much more when you arrive. Don’t forget to look into your host country’s currency and cost of living- you may be taking a lot more or less money with you than you think!

  • DO go to class/study       
  • DON’T forget you are there for school
Mock Schedule


Studying abroad is all about seeing new places, meeting new people, learning from and interacting with different cultures, and having an adventure of a lifetime. Studying abroad is also about, if not most importantly, studying and experiencing the life of college students overseas. Make awesome plans for weekend trips and nights out on the town, but don’t sacrifice your studies and make the end of your term about playing catch-up. We all want to graduate college and get our degree with many memories and unforgettable experiences, but we should also put our best foot forward and show that it is possible to exhibit academic excellence even while overseas at a new university. Be sure to look into attendance requirements, different grading scales and policies, and take note on how your semester abroad will affect your GPA.

There are so many more important things to studying abroad for the first time, but I would definitely rank these points as my top pieces of advice. Through detailed planning, budgeting your money well, and staying on top of your studies, your trip abroad is sure to be one for the memory books. As always, have fun, take pictures, and be safe! A very good luck to all of you who will be studying abroad!

Robynn Patterson is a student at University of Mississippi. She is an ISA Featured Castañeda Blogger and studying abroad with ISA in Sydney, Australia.

Author: Robynn

Hi, everyone! My name is Robynn and I am a business student at Ole Miss studying Marketing, Global Supply Chain Management, and Entrepreneurship. I am studying abroad at the University of Sydney in New South Wales, Australia this Spring because I have recently discovered my passion for travel and learning about new cultures. I look forward to meeting new people, taking classes at USyd, and traveling to New Zealand and Fiji during my breaks. I am also a certified scuba diver and I look forward to seeing the Great Barrier Reef!

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