Gap years are the perfect opportunity to learn a new language, understand different cultures, and explore postcard destinations. A gap year can help improve your resume and boost your career if you use it to study or volunteer abroad and even an ideal time to improve your personal wellness. But can taking a gap year teach you essential financial skills? We think so.
An important key to a successful gap year is budgeting: your time abroad offers an ideal environment to brush up on smart spending, tracking, and forecasting. But you might be surprised at these other financial lessons you’ll learn during your gap year, which can improve your financial outlook on life: