How it works - Budget planner abroad

  • STEP 1 - Choose your host city and program length
  • STEP 2 - You may adjust the estimated monthly living costs
  • STEP 3 - Fill in the additional expense fields (if any)
  • STEP 4 - Estimate your expected total budget

    Don’t forget!
    Make sure you choose a host country suitable for your budget, so that you can make the most out of your life abroad.
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Monthly expenses
Rent + utility ?Rent and utilities such as water, electricity and common charges / month.
Groceries ?The essential food&drink bought in shops to maintain a healthy lifestyle / month.
Dining ?Eating relatively inexpensive meals in the university canteen, cafeteria and restaurants (in the city too) / occasion.
Dining multiplier ?The number of times you expect to eat out / month (you may need to reduce the monthly cost of groceries if you regularly eat lunch and dinner in restaurants).
Entertainment ?Tickets to theaters, museums, movies, clubs and all sorts of things you do or consume for "fun".
Public transport ?Monthly pass or tickets to use public transport and taxi bills / month.
Calls and internet ?Mobile package and cable or mobile internet stick / month.
Expenses for one month
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Total monthly occuring expenses
0 USD
Additional expenses
Caution (for rent) ?When you rent a room or a flat, your landlord will be likely to want to collect 1-2 months of caution (advance payment), if not more.
Travel to host country ?By airplane, train, bus, car or even on by ship (latter looks like fun).
Program fee (if any) ?Tuition and registration fees charged by the host institution.
Travel insurance ?International trips often come with a pricy travel insurance.
Additional fees ?The further you travel, the more likely it is that you have to pay for visa, document translation and notarization, medical examination, vaccination.
Preparation ?Buy all the small (and big) things to be well-equipped for your journey: laptop, suitable clothing for a different climate, travel and host country specific accessories (e.g. adapter).
Prerequisites ?TOEFL, GMAT and other exams may be required by the host institution.
Local currency ?It is good idea to have at least 150-200 USD worth cash on you for emergency situations.
Shopping and souvenirs ?For many people this is not a huge amount of expenditure, but in case you are planning to arrive home with another luggage full of clothes and presents for your family, friends and yourself, then better make a note here.
Travel ?In your host country you may want to visit different cities or travel around neighbour countries – make plans and attach an approximate pricetag.
Other ?Anything that hasn't been listed, you may add it here.
Total additional expenses
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Available budget
Currently available amount ?Currently available amount: the amount of money currently saved / set aside for the study abroad program.
Expected scholarships/grants ?Expected scholarship/grants: university/government grants, financial support and social, cultural or merit based scholarships.
Expected family support ?Expected family support: the total some of financial support from family members.
Expected income(home/abroad) ?Expected income: salary from your home country (online work) or host country (depends on the local labour law).
Expected student loan ?Expected student loan: student loans from the university, government or private entity.
Other ?Other: any other funds you may be able to secure for the study abroad program.
Total available amount
0 USD
Financial safety net ?The financial safety net comes in handy if you initially underestimated your study abroad monthly costs, need to fly home instantly or have to prolong your stay for any reason. For instance the 50% safety net adds 50% of the "Total monthly occuring expenses".

Total expected cost of studying abroad

0 USD

Study abroad balance sheet

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This is a comprehensive and universal study abroad budget planner. The tool is designed to provide guidance on the expected costs and categories you may need to consider during your international journey. Please keep in mind that all figures are estimations made in good faith, but Conquer Abroad cannot guarantee that these cost ranges will apply in your case too.

The estimated expenses represent the spending habits of an average study abroad student, therefore based on your needs and opportunities you may (need to) spend more or less than the calculated averages. For instance, if your host institution provides a state-supported dormitory placement, your rent fee may become symbolic as opposed to renting a studio in the center may cost a lot more. The same applies for special diets and consuming "luxury" items that may fall out of the cost range of the above estimated monthly cost of buying groceries.

Lastly, in order to cope with unexpected events abroad, we recommend to set a financial safety net, meaning that you should have more money at your disposal than the calculated minimum for the program. Better be safe than sorry, right? In case you have any questions, please contact us.

Using the study abroad budget planner estimations you accept our terms and conditions.

Conquer Abroad Team wishes you best of luck
and marvelous living conditions during your stay abroad!