Navigating finances as an international student in Europe
Europe has a diverse financial landscape with different currencies used across countries. The euro is the official currency in 20 EU countries. However, Bulgaria, Czechia, Denmark, Hungary, Poland, Romania, and Sweden use their own currencies.
Here are some steps to help you plan your finances while studying in Europe.
Understand the currency of your study destination and monitor the exchange rates. The European Central Bank provides daily info on exchange rates.
Research the local banking options available. Check which banking solution offers the best package related to your needs and what are the requirements to open an account. Read about your consumer rights
Keep track of your spendings and adjust your budget as needed.
Take advantage of student discounts. Many places in Europe offer discounts to students which can help you save money.
Remember, you're not alone in this journey. Many universities have international student departments that can provide guidance on managing finances. Don't hesitate to reach out for help if you need it!