- Plan the places you want to visit. Everybody does the last minute trip to London, but trips that take you off of the island should be thought out before you leave. Look into travel options and find the cheapest way you can get there and then look into housing and accommodations. Don’t worry about food yet. Having a rough estimate of travel and accommodation costs for a few trips you want to take can help judge about how much money you’ll need for traveling.
- Start shopping at grocery stores for all your food. I cannot stress enough how much money you’ll save shopping for fresh groceries, as opposed to visiting the Cornish bakery for a sausage roll. Start to become familiar with the prices of foods you buy often in the States. When you shop at local stores you can compare food prices between England and the States so you know roughly how much you are spending.
- When you come over to England, there will be a conversion rate between the pound and dollar. Last year for every 1 dollar, it converted to .56 pounds. Keeping the conversion rate in mind will help you understand price comparisons. For example, a box of cereal in here in England might be 2.49. However after the conversion rate that’s roughly 3.75, a dollar and 25 cents more expensive.
(the rough current dollar-to-pound exchange rate can be found on Google)
- The program recommends that you save between 3,000 and 6,000 dollars for living over here. If you plan on taking a couple large trips, then yes, I agree, that is an accurate estimate of what you’ll need. I would say a good middle ground is 3,500-4,000 because I know 6,000 is a lot of money to save. Also, whatever you spend money on over here and decide to take back with you, you will need to pay taxes on, so don’t fill your suitcase with things that you could find back in the states. Only bring back with you the things that are important moments of your journey abroad.