Travelling Abroad For Education? Here Are Money-Saving Tips You May Find Useful

Exploring the world while studying abroad is a dream for many students, and they often seek cost-effective ways to make it happen. This article will provide practical money management tips to help students travel on a budget. We highly recommend acquiring student travel insurance to ensure a worry-free experience. For those planning to travel frequently during their term, multi-trip travel insurance is an excellent choice to stay protected from unexpected situations. Now, let’s delve into some budget-friendly travel planning advice.

• Create A Budget For Your Trip

The first step in planning a trip is to establish a budget. You can cut costs and save money for a more significant purchase—travel—by knowing how much you need to save now and spend later. A general guideline for a cost-effective trip is to allocate no more than 20% of your monthly budget to travel. This will enable you to secure other necessary payments without taking out additional loans while limiting travel expenses. 

• Travel During Off-Season 

Travelling off-season can be advantageous for you in many ways if a well-known (and pricey) destination is on your bucket list this year, including:

• The most beautiful places can be enjoyed without being disturbed or cluttered by crowds. 
• By travelling during the off-season, you can spare your wallet the high hotel and food costs. 
• Going to a well-liked location during the off-peak season can reduce airfare costs.
• Travelling off-season allows you to experience the local culture fully.

• Purchase Your Tickets Earlier

Are you planning a trip for the upcoming year? Take your time with reservations. Ticket prices tend to rise the longer you wait. Are you worried about last-minute cancellations? You’re in luck with your trip cancellation insurance or the trip cancellation benefit of your international travel insurance. *

• Benefit From Student Concessions

Keep an eye out for student concessions, a top money-saving tip for students. Whether you’re travelling or during your term, note places offering exceptional services and exclusive student concessions. Use your university ID card to access student concessions and save on trips to amusement parks and national parks.

• Hostels Versus Hotels? Pick Wisely

To save money on your travels, skip hotels and choose budget-friendly homestays or hostels. These options are more cost-effective for students and provide opportunities to interact with people from diverse backgrounds.

• Cover Your Trip With Travel Insurance

Though only sometimes a money-saving advice for students, student travel insurance is a wise investment if you plan a trip. 

The ideal international travel insurance will protect your international travel at a reasonable cost without sacrificing crucial coverage. You can rely on our student overseas insurance in the event of unheard-of occurrences like unexpected hospitalisation, theft, lost luggage or a passport, etc. *

If you’re an Indian student seeking to study in Canada, be sure to explore the requirements for a Canada visa for Indians to ensure a smooth transition. Additionally, get your Canada travel insurance to stay protected. Claims are subject to terms and conditions set forth under the travel insurance policy.

*Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.