Planning Skills for studying abroad

Study abroad Financial planning skills. It's the first semester of the year. Most students continue to move towards further studies, while some families choose to let their children study abroad. Of course, before studying abroad must be well planned, especially in the cost of the need to plan well, if too little fear of children not enough to spend, too much fear of children spending recklessly. So it is necessary to master some financial skills of studying abroad. First of all, we can avoid exchange rate risk by adopting the method of installment purchase. Studying abroad must be more convenient to exchange RMB into local currency. So there is a problem of exchange rate. In recent years, the change of the RMB exchange rate structure has a certain impact on the cost of studying abroad, which requires us to pay attention to the foreign exchange trend when we choose to study abroad, if we can also save a lot of money. For example, in the case of devaluation of foreign currencies, parents can go to the bank when necessary to exchange, and in the appreciation of foreign currencies, parents are required to do well in advance foreign exchange reserves. In the case of exchange rate instability, we can use the method of installment purchase, share the purchase cost, catch the low points, avoid the exchange rate risk of centralized purchase, and reduce the total purchase cost. In addition, the choice of banks also pay attention to the different banks in the same period of the purchase of exchange rates, can be exchanged after the comparison. Another is that parents how to transfer money is cheaper. Parents do not give their children a whole semester of living expenses, otherwise the child once there is no planning, it is easy to blindly consumption. Control the child's expenses, can take the monthly remittance of the appropriate cost of living, but such frequent remittance, related to the issue of remittance fees, parents should choose according to different circumstances remittance method, the main currently has electricity bill remittance three kinds of traveler's checks. For students who go abroad for the first time, they can choose ticket the tuition fee will be opened as a draft, carried abroad, the bank in foreign countries for collection, the handling fee is only 1 per thousand of the remittance amount, telegraphic transfer to the account speed, but suitable for the students have accounts in foreign countries, in addition to the handling fee to pay a certain amount of telegraph fees; Travellers cheques in many countries can be used directly as cash, and do not need to first to the bank to honour, if lost can also handle loss reporting, claims and emergency compensation, but the fees are generally relatively high. Overseas study and study abroad policy for studying abroad study conditions small compilation summarized above about studying abroad financial planning skills related to common sense, hope to help everyone.