To calculate your expected monthly expenses while studying abroad, start by listing fixed costs like tuition, accommodation, and insurance. Research average prices for these in your destination country, as they vary significantly by location.
Next, estimate variable expenses such as food, transportation, and utilities. Allocate funds for leisure activities, emergencies, and miscellaneous costs like textbooks or mobile plans.
Use online cost-of-living calculators or student forums for accurate estimates. Track spending for the first few months to adjust your budget. Always factor in currency exchange rates and potential inflation to avoid shortfalls.
