Abroad on a Budget Financial Literacy Initiative & Personal Finance Club
The Financial Literacy Initiative Our Mission The Financial Literacy Initiative is a program that seeks to educate young adults on the foundational concepts of personal finance. We strive to instill a sense of financial competency in Pepperdine students through instruction and coaching on the practical applications of money management. Our Story In the Spring of 2015, The Financial Literacy Initiative was awarded a Waves of Innovation grant. The program’s three-year implementation plan, beginning in the fall of 2015, includes three steps: 1. Establish a “Money Management for Millennials” freshman seminar course 2. Offer “Personal Finance” to students as an elective course 3. Create a Center for Financial Literacy that is designed to educate, coach, and offer money management tools to students Find out more at
Budgeting Abroad By failing to prepare, you are preparing to fail. He who fails to plan is planning to fail.
Have a Plan Identify all sources of income. Estimate anticipated typical week expenses. What money is left over can be allocated towards your weekend travels. Booking last minute will cost you, so plan ahead.
Be Prepared Everyone has a plan until they get punched in the face. Have cash budgeted and set aside in an emergency fund for incidents such as missing a train or flight. Have a credit card with a sufficient limit that can be used extreme cases.
Be Disciplined Creating a budget is easy, the difficulty comes in actually following it! Link up with an accountability partner to stay on track.
Spending Abroad Work with your parents to find the best credit card for you. Watch out for transaction fees and fraud. Each program is unique so talk to your ambassadors for specifics.
Useful Apps Rail Planner airbnb Citymapper Passbook GlobeConverter skyscanner Xoom Dolar Blue * Buenos Aires
Budgeting Activity Groups of 4-6 people from your program You will be traveling to for the weekend of October Figure out the costs of the following ( in USD ): Transportation from your program to travel destination Two options for housing Mode of transportation from airport/station to accommodation (i.e. taxi, Uber, walk, bus, train) One dinner Two activities – 1 that is free and 1 that costs money (i.e. museum, play, park, or other main attraction)
Suggested Sites Transportation: Activities and Food: Lodging:
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