- Although cities like Madrid and Barcelona come with higher price tags than the rest of Spain, Spain as a whole is among the cheapest European study abroad destinations.
- If you're under 26, opportunities abound for discounts on travel and entertainment around Spain.
- Get a pay-as-you-go phone plan from a local provider and save big on data and calls.
- The price of groceries is low in Spain but shopping at discount supermarkets can help make your big shop go even further.
- Making and sticking to a budget may seem challenging at first but in Spain, you won't have to sacrifice the good life in your pursuit of savings.
When you think of Spain, you probably think of bustling cities, beaches, and bullfights long before you consider budget-friendly travel. Nonetheless, the country is one of Europe’s best when it comes to going overseas without breaking the bank. That holds true for study opportunities, too; it is totally feasible to study in Spain on a budget.
When I studied abroad for six months in Madrid in college, I relished the beauty of the city and the people, ate all the tortilla I could handle, and learned to cope with late nights and early mornings (tempered by a siesta, of course). At the same time, I became more budget-savvy because I wanted to get as much as I could out of the experience.
I’ll admit it takes dedication to stick to a budget while living overseas, but it’s worth it. After you brush up on some general tips for studying abroad on a budget, read on to learn some key budget tips for studying in Spain specifically. You’ll be glad you did when you’re tapping your feet to a flamenco performance in Sevilla or diving into fresh seafood dishes in San Sebastián.
Read more: How to Study Abroad in Madrid on a Budget
Be prepared to do the math & research
There’s no sugarcoating it: studying abroad on a budget, in Spain or elsewhere, requires some work.
You have to be willing to sit down and think through your expenses. Costs to consider include your classes, educational materials, housing, food, transportation, and more. Budgeting involves number-crunching and research, but fortunately, there are online resources including cost estimators and tables of typical costs to help.
Don’t be too shy to get advice and recommendations from people you know, either. Friends who have studied abroad and locals you meet in Spain can offer tips such as where to buy the best produce or when movie tickets are discounted.
To help you out with your initial research, we've compiled some of the ins and outs of the cost of living in Spain below:
Consider scholarships or alternative funding sources
While Spain can be very budget-friendly, coming up with additional funds to put toward your expenses can’t hurt.
There are various possibilities out there, including scholarships specifically for studying in Spain and general study abroad grants and scholarships. Their applications can be time-consuming, but they’re certainly a solid option to consider. Of course, there are other routes you could take, too. People crowdfund for everything these days, for example, so if you feel comfortable, you could always reach out to family and friends for contributions. One great option is GoFundMe, which can be used to raise funds for any cause you choose.
Be mindful of banking fees
One surprising area that can spike when you study abroad in Spain on a budget is bank fees. ATMs typically have good exchange rates, but depending on your bank, you may find yourself paying an international fee along with a transaction fee each time you take out cash.
Find out what the situation will be with your bank before you go, and then come up with a plan. Depending on your circumstances, you may want to consider opening an account with another U.S. bank, setting up a Spanish bank account, or even just limiting your transactions by withdrawing larger sums of cash at a time.
Opt for low-cost daily transportation
When in Spain, you’ll want to explore, so you shouldn’t completely skimp on transportation. Still, be aware that the daily cost will add up quickly. Depending on where you choose to study, your needs will vary, but in general, public transit is relatively cost-effective, for youths and young adults in particular. Youth passes are generally for ages 26 and under and grant the pass holder unlimited rides for a month. In Madrid, there's the abono joven for 20€, the T-jove in Barcelona for 80€, and the Bonobús Joven in Seville for 19€, to name a few.
Walking is even cheaper (free!), but it may not always be convenient. If you like to bike, looking for an inexpensive but reliable bicycle could pay off and will allow you to explore even more of your new city with no more investment than pedal power. Larger cities like Madrid have bike and scooter share apps for a low fee if you don't plan to use these types of transport often.
Cook like a local
Eating out or buying prepared food is almost always more expensive than making your own meals. To stick to your study abroad budget, get in the kitchen and try to cook like a Spaniard. Imported products are typically more expensive, so you should get better deals when you buy more local ingredients. Alas, that might mean purchasing Nutella over peanut butter -- which actually is not an awful sacrifice.
Discount grocery stores like Aldi and Lidl offer a selection of food and household items for low prices. If you're lucky to have a Mercadona near you, you'll enjoy both high quality and budget-friendly prices. A full shopping trip, including fresh food, can easily be done for around 20€ a week or less.
When you do dine out, try the menu del día. It’s a highlight of Spanish restaurants. The multi-course meals are a great way to try a variety of foods at pretty affordable prices. For usually between 9-12€, you get a first and second course, dessert, and drink off of a set daily menu.
Learn how to limit your phone use
When studying abroad in Spain, you should most certainly get a SIM card with a plan from a local cell phone provider. Compared to US international plans, local plans will be significantly cheaper, even if you opt for one with a high data allowance. These plans are pay-as-you-go and can be topped up monthly. Popular providers include Vodafone, Orange, and Yoigo.
Spain, like other parts of Europe, has plenty of free Wi-Fi available these days, so it isn’t terribly challenging to keep connected while keeping your paid calls and texts to a minimum. Besides, believe it or not, students abroad fared just fine in the days before smartphones.
Take advantage of student discounts
The student discount is a beautiful thing. Commonly found on the Iberian Peninsula, it is perfect for anyone trying to study in Spain on a budget. You can get cheaper rates at museums, movies, on trains, and so on. When I studied abroad in Madrid, I was advised to get an International Student Identification Card, and it’s still high on the list of my best-ever $20 purchases.
Don’t overlook even better deals when searching for student discounts. Spanish museums often have specific days or hours when they’re completely free. Obviously, free is better than cheap, so plan accordingly.
Focus on travel within Spain
As cheap as flights to neighboring European countries often are, buses or ride shares between Spanish cities can be even more inexpensive. For example, a roundtrip bus from Madrid to Valencia (for a weekend away at the beach) will cost around 56€.
Keep in mind how much there is to see within your temporary home country. Spain’s different regions are all so unique and culturally rich that you won’t run out of amazing sights and adventures, whether that be dancing in the clubs of Madrid or smelling olives in the air in Jaén. It doesn’t take an airline ticket to get somewhere new and exciting.
Remember that budgeting is a process
Making a budget is an important step, but evaluating your financial situation throughout your time abroad is key as well. Unexpected expenses and opportunities are bound to pop up on occasion, so it’s important to consider how they fit into the big picture. Unfortunately, these budget tips for studying in Spain won’t do you nearly as much good if you don’t revisit your goals and adjust as needed. It might sound like a challenge, but it is doable.
Like any skill, sticking to a budget gets easier the longer you do it. As you work on it, you’ll find that it comes more naturally. It’ll help, too, when you see your efforts pay off. The quality of your study abroad experience isn’t directly tied to the amount of money you spend, and you can have priceless experiences no matter what your budget is.
This post was originally published in October 2013, and was updated in September 2021.