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Budgeting for Study Abroad

Many variables constantly affect exchange rates and the current/changing conditions of the world economy. Just as you will have to adapt to a different lifestyle abroad, you will also encounter financial differences compared to your life in Boson. Therefore, researching the economic conditions of your destination before going abroad will allow you to adequately prepare a budget. Some things to keep in mind are:

  • What expenses will be different from Boston?
  • What can I do to prepare for these budget changes?

This website gives you live prices for everyday consumer goods, transportation costs, entertainment, groceries, etc., taking into account the fluctuation of the world economy.

Ex: Consumer prices in Boston are 9.15% lower than in London, but Rio de Janeiro is 16.89% lower than in Boston.

Public Transportation (1 ticket) Average Restaurant Meal
Boston, U.S. $2.00 $12.00
London, England $4.57 $15.24
Rio de Janeiro, Brazil $1.49 $9.95
Chiang Mai, Thailand $0.70 $1.74

Use IFSA- Butler's Budget Calculator to manage your budget before and while abroad.

Simmons Study Abroad Scholarship Application Deadline: 
March 15, 2014

The Scholarship Application can be found as part of your Program Application at cof.studioabroad.com

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