What Should A Student Know About Finance Before Going Abroad? – MoneyMindz

By | 12/07/2018
What Should A Student Know About Finance Before Going Abroad? - MoneyMindz

MoneyMindz – India’s First Free Online/On-call Financial Advisory Portal | Know About Finance Before Going Abroad

So you have finally secured admissions abroad and you are all aboard the ship/plane. However, before leaving, there are many things you have to know.

  1. Purchase travel insurance

You might not go as a tourist. Nevertheless, it is still imperative to buy travel insurance. This depends on the length of your stay and the type of overseas study you are completing. While some students will be covered during their entire stay others will only be covered during the academic semester and not during an additional time they spend travelling, etc.

  1. Learn the local language

If you are going to an English speaking country and understand the language of this text, then your task is just to improve your English language. However, if you are going to a non-English speaking country, then you ought to learn the language of the new country. That’s why we recommend you to learn at least the basics of the language of the new country before going there. It will help you communicate.

  1. Be aware of local customs

OK, we admit it. We can’t know everything before going. But you can at least know a thing or two about the local culture and traditions followed by the locals. This will help you mingle with them more easily.

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  1. Visit a doctor

Get a thorough health checkup and research about potential illnesses you might get if you go to that country. For instance, you might require vaccinations before heading there.

  1. Speak to someone with firsthand experience of traveling to that country

A person or two in your circle of family and friends might have themselves visited the country or know someone else who personally visited that country. Ask such people about their experience regarding various aspects of their stay there.

  1. Look for travel destinations

Going abroad is not only for studying/working. It is also about traveling, exploring places, meeting new people and gaining experience and expertise (knowledge). You might want to travel during brief holidays such as weekends.

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  1. Pack early and gather your documents

Collect all your belongings and documents so that you will not hastily do any last minute packing and forget things.

  1. Get information on accommodation

You have to contact or register yourself with the internal affairs ministry within 24 to 48 hours. This ensures your stay is legalized in that country.

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