Preparing to embark on an Australian gap year can be a rollercoaster of emotions. Leaving the country for an extended period of time is very nerve-racking, but it’s also an exciting adventure into the unknown.
It’s incredibly important to plan how you’ll manage your money before you go. You don’t want to run into the nightmare scenario where you’re stranded in an unfamiliar location with no money. Here are four ways to be financially responsible during your Australian gap year:
Set up your bank account
It’s worth setting up your Australian bank account and working holiday visa before you enter the country. It’s very easy to do, and you’ll only be required to provide your passport as identification. To get started, visit workingin-australia.com for more information.
A working holiday visa costs £146 and is available to travellers aged between 18 and 30. It will last for a full year and you can activate it on the day you enter the country.
Set up an international transfer
Once you have your bank account set up, you can start transferring money to your overseas account before you arrive. Travelex AU international payments allow you to transfer money overseas quickly and safely. Their international money transfer service lets you regularly check the current exchange rate, so that you can convert your money at the best possible time.
Track your spending
Now is not the time to start splashing out on luxury holiday items. When you arrive in Australia, be smart about your money and continually ask yourself “do I really need this?” Yes, have fun, but manage your daily allowance carefully so that you don’t run out of money halfway through your trip.
Be aware that if you intend to travel around Australia, your travel costs will hugely impact your funds. You should consider settling down in an area and working for a few of months. This will allow you live cheaply and save up some money for the rest of your trip.
We’d also recommend that you don’t carry too much cash with you. This could leave you vulnerable to thieves, which is the last thing you want when you begin your trip.
Work for bed and board
There are a number of hostels throughout Australia that allow you to work for bed and board. They’ll usually ask you to work a few hours each day around the hostel in exchange for the roof above your head. If you don’t mind rolling up your sleeves and getting your hands dirty, this is a great way to live cheaply.
Lots of farms around the country offer similar deals. They’ll offer you accommodation with meals included if you’re willing help pick fruit and harvest crops. Not only is this a great way to save money, you’ll meet a lot of fellow students doing the same thing!
With your money worries out of the way, you can start planning the fun stuff. Head over to Audleytravel.com to learn more about the different regions of this beautiful country.