Studying abroad in Florence is a dream come true! The rich history, amazing art, and mouthwatering pasta and pizza…But let’s be realistic—living la dolce vita on a student budget can be a challenge.
Follow our tips to make the most of your time abroad without going bankrupt.
1. Set a Realistic Budget:
First things first, you need a budget. Sit down with a pen, paper, or a budgeting app, and figure out how much money you have for your time in Florence. Include your savings, any financial aid, etc.
2. Prioritize Essentials:
Identify your essential expenses, like food, transportation, a phone plan, and school supplies. These are expenses you cannot avoid.
3. Cook Like an Italian:
Eating out in Florence can be expensive, but that doesn’t mean you have to survive on plain pasta. Embrace the local markets and cook your own Italian feasts. Fresh ingredients are not only delicious but also budget-friendly. Plus, cooking together at home can bring you closer to your roommates and you can bring a homely feeling to your apartment.
4. Use Public Transportation:
Taxi rides can be expensive – you might want to invest in a monthly public transportation pass (bus or shared bikes). Florence is walkable, but buses and bikes can be a great solution when you’re in a hurry or tired of walking.
5. Student Discounts Rule:
As a student, you might get discounts in a number of stores, cafes, and even some restaurants. Check out the ISI Florence Discount list for venues that will give you a discount. Don’t be shy, ask for a discount!
6. Explore Florence on Foot:
Florence’s charm is best discovered on foot. Wander through the cobblestone streets, get lost in its history, and find hidden gems without spending a dime.
7. Limit Souvenir Splurges:
Florence is a treasure trove of souvenirs but remember that they can add up quickly. Set a budget for keepsakes and stick to it. Look for unique, locally made items. The same applies when you are traveling around Europe over the weekend.
8. Travel Smart:
Weekend getaways are tempting when you’re in the heart of Europe, but they can also drain your funds. Plan your trips in advance and look for budget-friendly transportation and accommodations.
9. Track Your Spending:
Keep tabs on your expenses. Use apps or a good old-fashioned notebook to record what you spend. This way you will have a clear idea of how much you are spending and on what – just in case you need to cut down on something.
10. Emergency Fund:
Life happens, and unexpected expenses can pop up. It’s wise to have a small emergency fund for those rainy days.
11. Say “No” When Necessary:
Florence has endless temptations, but sometimes you’ll need to decline that gelato or skip the aperitivo.
12. Seek Financial Guidance:
If you’re unsure about managing your finances while studying abroad, don’t hesitate to seek assistance from ISI Student Services. We’ll be happy to provide advice!
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Remember, studying abroad is about creating life-long memories. With a well-thought-out budget, you can savor the flavors of Florence without the financial stress.
Buon viaggio (have a great journey) and enjoy every moment of your adventure in this breathtaking city!