Improving financial literacy while studying abroad involves understanding budgeting, banking, and local financial systems. Start by tracking expenses using apps like Mint or YNAB to manage spending. Learn about currency exchange rates and international transaction fees to avoid unnecessary costs.
Open a local bank account to reduce fees and understand the country’s tax obligations. Utilize university resources, such as financial workshops or counseling services, to gain insights. Read books like ‘Rich Dad Poor Dad’ or follow finance blogs for broader knowledge. Finally, network with peers to share tips and experiences, enhancing practical understanding of financial management in a foreign context.
