Transcript Abroad on a Budget - Aliento, The Center for Latina/o Communities

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.
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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:
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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 http://community.pepperdine.edu/seaver/financialliteracy/
Budgeting Abroad
He who fails to
plan is planning to
fail.
By failing to
prepare, you are
preparing 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
 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.
Everyone has a
plan until they get
punched in the
face.
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
* Buenos Aires
Rail Planner
Passbook
Xoom
Dolar Blue
airbnb
GlobeConverter
Citymapper
skyscanner
Budgeting Activity
 Groups of 4-6 people from your program
 You will be traveling to for the weekend of October 14-16
 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
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Transportation:
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www.skyscanner.com
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www.eurail.com
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www.raileurope.com
Activities and Food:
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www.yelp.com
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www.tripadvisor.com
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www.ricksteves.com
Lodging:
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www.airbnb.com
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www.hostelworld.com
Share Your Results!