Banking & Budgeting
Participants are discouraged from opening an Irish bank account while abroad. We recommend that participants use their ATM cards to withdraw money. Visa and MasterCard are the most widely accepted credit cards in Ireland. Participants should notify their bank and creditors that they will be studying in Dublin prior to their arrival to ensure that the bank does not enact fraud procedures and deactivate or lock the student's bank cards. Credit cards should be used wisely though, as the foreign transaction fees can add up quickly. We recommend that students conduct research prior to departure to better understand how their bank cards will work abroad.
Budgeting While Abroad
N.U.in Ireland: UCD participants should expect to spend between $100 and $350 (USD) on textbooks while in Ireland. The majority of previous N.U.in Ireland:UCD participants report that they stuck to a budget of $200-$300 per week. In our most recent survey (2013 participants), 53% spent less than $300 USD on groceries per month, 34% spent between $10-$29 on public transportation/taxis each month, and 34% spent less than $300 USD on social activities each month (percentages reported represent the majority of respondents).
Keep in mind that Dublin, like most other European cities, is expensive. Below are a few examples of everyday items and activities and their approximate costs in US dollars, as well as a budget comparison:
|Loaf of Bread||$1.00 - $2.50|
|1 Liter of Milk||$1.00 - $2.00|
|Large Pizza||$17.00 - $19.00|
|Take-out Meal||$8.00 - $10.00|
|Movie Ticket||$12.00 - $14.00|
|Average Monthly Budget Abroad||$700 - $1,200|
|Average Monthly Budget Boston||$200 - $300|
For current conversion rates please click here.
Tips for Spending & Budgeting:
- Plan a budget ahead of time and stick to it!
- Take advantage of low-cost or free activities. N.U.in staff plan activities every week!
- Monitor your bank accounts closely to ensure that they reflect your records.
- Make copies of your credit and debit cards, and give them to your parents to keep in a safe place.
- Do not carry any more cash than what is necessary for that day.
- Shop for groceries at local farmers markets.