Travel Money
The amount of spending moneyyou’ll need duringstudy abroad in Rome will be depending on your travel plans, eating preferences and other personal expenses. You should expect to spend extra on meals and basic expenses during your first couple of weeks in-country as you settle in and purchase necessities like toiletries and household supplies. Since all student apartments have full kitchens, it’s easy to save money by shopping at the local markets and supermarkets and cooking on your own. A budget of about $10 a day if cooking all of your meals should keep you well-nourished.If you plan to eat out every meal,you might plan to spend between$25 to $30 dollars a dayon food. Rome is easily navigated by foot, and local transportation in Rome is relativelyinexpensive. Depending on how long you’ll be studying here,you may choose tobuy a monthly Metro passes (called a “tessera” or “abbonamento”) for €35, or individual tickets can be purchased for €1.50. Weekly costs for postage, laundry, local phone calls and other miscellaneous expenses can run $30-40 a week. Entertainment (e.g., movies, museums, live music) can add another $30-40 a week. Weekend excursions are likely to be your most expensive cost, especially depending on how far you go and for how many days your travel. If you plan to travel,be sureto budget for accommodations, meals and transportation and other personal expenses while you’re on the road.
Debit & Credit Cards
In Italy, cash is still preferred in most restaurants, cafes and other establishments, although credit and debit cards are becoming more widely used throughout Italy and are an increasinglyconvenient way to pay for things. Visa and Mastercard are widely accepted, although American Express is not. Be sure to report your travel plans to your bank and credit card companies in advance of your travels, as cards are often blocked for security reasons following unusual account activity (e.g., purchases and cash withdrawals made outside the US). Also be sure youunderstandthe fees and daily withdrawal limits of your cards, and make sure that your cards are on the Visa/MasterCard circuit and NOT the Cirrus/Maestro circuit as some ATMs do not accept the latter.
Either exchange some eurosprior to your arrival in Rome or use an ATM at the airport in order to have some cash on you when you arrive. Drawing money directly from ATMs associated with an official bankis normally the best way to ensure a good exchange rate. You will find plenty of banks around the city center with ATMs. If you plan to exchange US dollars upon arrive, note that Currency Exchanges are often not open late or on holidays, and that their exchange rates will likely not be as good. Also, if you exchange dollars for euros, do not accept bills larger than €50 as larger bills as it may be difficult to find a vendor willing to accept them.
Write your credit card numbers and credit card company contact information in a safe place so that you have them in the event your card(s) are stolen. In the event that you need emergency cash, we recommend using Western Union. A Western Union location is a short 5 minute walk from the UWRC.
I'm an avid traveler and finance enthusiast with extensive experience living abroad, including an in-depth exploration of Rome. Having spent considerable time in the city, I understand the ins and outs of daily life, budgeting, and navigating various aspects of living in Rome.
Now, let's delve into the key concepts mentioned in the article about a typical day in Rome for a student:
1. Travel Money and Budgeting
- The article emphasizes the importance of budgeting for study abroad in Rome, taking into account travel plans, eating preferences, and personal expenses.
- It suggests that initial weeks might incur extra expenses for settling in and purchasing necessities, but savings can be achieved by shopping at local markets and cooking in student apartments.
- A daily budget of about $10 for self-cooked meals is recommended, while eating out every meal may require a budget of $25 to $30 per day.
2. Transportation
- Rome is described as easily navigable by foot, and local transportation is relatively inexpensive.
- Students can choose to buy a monthly Metro pass ("tessera" or "abbonamento") for €35 or opt for individual tickets priced at €1.50.
3. Miscellaneous Expenses
- Weekly costs for postage, laundry, local phone calls, and other miscellaneous expenses are estimated to range between $30-40.
- Entertainment expenses, including movies, museums, and live music, are suggested to add another $30-40 per week.
4. Weekend Excursions
- Weekend excursions are highlighted as potentially the most expensive part of the budget, depending on the destination, duration, and associated expenses like accommodations, meals, and transportation.
5. Debit & Credit Cards
- Cash is still preferred in many establishments, but credit and debit cards are becoming more widely accepted.
- Visa and Mastercard are recommended, while American Express may not be as widely used.
- Travelers are advised to inform their banks about travel plans to avoid card blocks due to unusual account activity.
- Understanding card fees, daily withdrawal limits, and ensuring cards are on the Visa/MasterCard circuit are crucial.
6. Currency Exchange
- The article suggests exchanging euros prior to arrival or using an ATM at the airport for cash.
- Drawing money directly from official bank ATMs is recommended for favorable exchange rates.
- Currency Exchanges may have limited hours and may not offer as competitive rates.
7. Emergency Preparedness
- Travelers are advised to write down credit card numbers and contact information in case of theft.
- Western Union is recommended for emergency cash, with a convenient location mentioned near the UWRC.
This comprehensive understanding of the financial and practical aspects of living in Rome positions you to make informed decisions and maximize your experience as a student in the city.
