How to financially plan your internship in Japan!

Financial and Budgeting Planning for Your Internship in Japan

As you prepare for your internship adventure, one aspect to consider is your financial and budgeting planning. In this blog post, we'll provide you with tips and strategies to help you manage your finances effectively during your internship in Japan. First of all, these are the things you need to do before your arrival:
  • Research Living Costs
  • Create a Budget
  • Secure Housing
  • Maximize Income
  • Save for emergencies
  • Track Your Spending
  • Take Advantage of Student Discounts
  • Plan for Travel and Exploration
Before you go, research how much things cost in Japan, like rent, food, and transportation (do not miss our blog about living costs in Japan ). Make a list of all your monthly expenses so you know how much money you'll need.

Once you know your expenses, create a budget.

Write down all your income and expenses, and separate your money into different categories, like rent, food, and travel. Consider opening separate bank account rooms for each category to help you stay organized. Look for affordable housing options in Japan that fit your budget. Consider shared apartments or student dormitories to save money on rent. Make sure to budget for utilities and any extra fees. Set aside some money each month for emergencies, like unexpected expenses or medical bills. Keep this money separate from your regular spending money so you won't be tempted to spend it on other things. Keep track of all your expenses by writing them down in a notebook or using a budgeting app on your phone. At the end of each month, review your spending and look for areas where you can cut back. Look for places in Japan that offer discounts to students, like museums, restaurants, and transportation. Carry your student ID with you everywhere you go to take advantage of these discounts. Make a list of all the places you want to visit in Japan and budget for travel expenses, including transportation and accommodation. Set aside some money each month for travel so you can explore Japan and make the most of your internship experience. Follow these tips and plan ahead! Manage your money effectively during your internship in Japan and make the most of your time abroad. 😊  
Extra tip: Start saving for your trip to Japan by using Suica or Pasmo on your phone as an investment account. Add money to your Suica so you don't spend it accidentally, and remember that this money can only be spent in Japan.