What should students do about money while abroad?
We advise that students “diversify” the money that they plan to use abroad. By this we mean students should take a mix of “money sources” consisting of an ATM card, traveler’s checks, converted money (euros or the national currency), and a credit card. The amount of money that a student should take (at least in traveler’s checks and foreign currency) will depend on the length of the program and where the student will be studying (e.g. the cost of living in Italy is higher than in Spain), but a typical allowance is $20-30 a day.
