Money Matters to go Abroad Drawing up a Budget Wieteke Kremer The Nijmegen University Fund – Department of Student Life
What information are you looking for?
What information are you looking for? What did you already plan? Who is planning to go abroad before oktober 2017? Where do you plan to go? Europe, outside Europe, undecided? Do you know what you want to do? Study, internship, research?
What we could be looking at Why a budget? Basic Structure Costs Income
Why a budget? Grant applications Making sure you have sufficient funding To give you peace of mind
Where to start? Basic structure and fill in the blanks Goal: €0 result
Your own budget For a grant or… To make sure you do not end up without money Each project is different
Costs in the Netherlands Tuition fees Housing (including extra housing fees) Phone & other subscriptions Health insurance Make your own overview of your current situation (nibud) Check your bank account activity
Costs - Travel Plane Ticket Local Transport A bike rarely works out Visa (assume the worst on your budget)
Costs – Insurance and Medical Vaccinations Some insurance companies cover costs with a certain plan Medical Exams Extra local insurance depending on the country Regulations, what is covered
Costs – Accommodation Research a city Experiences from other students On of off campus Start at a hostel or airbnb https://www.wilweg.nl/financiering/begroting Additional accommodation start-up costs Practical
Living costs Not just food and drinks Do not count on supermarket prices from the Netherlands Hygiene Clothes Phone
Study Expenses (abroad) Extra books Electronics (tablet, laptop, etc..) Unexpected materials
Travelling Tourist rates Expect the unexpected
Unexpected costs Exchange rates Percentage added to your budget
Expenditure tools Budget True costs Room for adjustments Apps like AFAS or Cashflow online
Costs total
Get to zero Grants Faculty International Office https://www.wilweg.nl/financiering/beursopener Study advisor Local scholarships abroad If you don’t ask, you will never get it
Dutch Governement DUO grant Travel product Loan possibilities? Perhaps backup
Limit your costs in the Netherlands Sublet your room or appartment Try to suspend subscriptions
Personal Contribution Savings Parents Crowdfunding https://www.fundmytravel.com/
Loans Individual Travel Grant also €1.000 loan without interest Dutch Government Loan Study Advisor Try to avoid high interest Especially credit cards
Other income Assume you will not be able to work
Now you are at zero
Adjustments – get back to zero
Overview of made costs
Questions? Also specific situations What worries you after this?
More information? www.ru.nl/snuf/irs reissubsidies@snuf.ru.nl 024-3611243 Visit us on Mondays between 10:00 and 13:00 or Thursdays between 13:00 en 16:00 at Comeniuslaan 4.00.34 (SNUF). Radboud Grant Finder www.ru.nl/studyabroadgrants. National Grant Finder https://www.wilweg.nl/financiering/beursopener Budget examples for each country https://www.wilweg.nl/financiering/begroting Budget Template SNUF http://www.ru.nl/snuf/templates