It is important for your student to be able to budget intelligently and to know what to do in case of an emergency. Students are provided with an estimated budget for their particular program, however, it is also a good idea to sit down and talk about other expenditures. A careful and realistic budget can help a student manage financially.
We recommend travelers to bring the equivalent of $100 in the currency of the target country before entry (obtainable ahead of time from most banks). It is extremely wise for students to bring a credit card for emergency purpose only. Most students who have traveled abroad have found that credit cards and ATM cards are helpful in some cases, but most countries take advantage of using cash around town (in only the amount your student feel comfortable carrying). Make sure to call ahead and tell the credit card company/bank entity that your student is planning on studying abroad to avoid deactivation of card for your student. It is important to mention the dates of their stay and the country(ies) that they will or could be travelling to.