Smart Ways to Save Money as a Student in South Korea

Living in South Korea can be exciting, but the cost of living can add up quickly. Here are some practical tips to help you manage your budget effectively while enjoying your time in the country.

1. Why Not Exchange All Your Money at the Airport?

Avoid exchanging all your currency at the airport since exchange rates are usually higher. Instead, exchange just enough for immediate expenses, then find better rates at banks or currency exchange centers in the city.

2. Make the Most of Public Transportation

Use the T-money card for buses and subways, which offers discounts on transfers. If you transfer from one bus to another or between a subway and a bus, the transfer is often free or costs less than a new fare. Avoid taking taxis, especially black taxis, as they are the most expensive.

3. How Can Transportation Cards Save You More?

Transportation cards often have discounts or cashback offers when purchased through campaigns or convenience stores. You can also get multi-purpose cards that integrate features like digital passports, simplifying payment across different services.

4. Shop Wisely at Daiso – But Do You Really Need Everything?

Daiso is popular for its affordable items, but it’s easy to overspend. Before heading there, make a list of essential items to avoid unnecessary purchases. Membership programs can also help you accumulate points for discounts.

5. Local Coffee Shops Over Global Chains: Why It’s a Smart Choice

Korea has plenty of budget-friendly coffee shops where you can enjoy quality coffee without breaking the bank. Sign up for their membership programs and apps to earn discounts and free drink coupons.