01 May 2025
Studying in the Netherlands is a dream for many Gambian students. It's a land of opportunity, world-class education, and cultural diversity. More than 123,000 international students were enrolled in Dutch institutions in 2022/23, making up about 15% of the total student population.
But with that dream comes a high cost of living. Rent, food, transport, everything adds up. Many Gambian students arrive excited but soon find themselves under financial pressure. Why? Because of a few common money mistakes. This guide breaks down those mistakes and shows how to avoid them. So your journey in the Netherlands stays smooth and affordable.
The most common mistake? Not having a monthly budget. Many students start spending freely during their first few weeks. Meals out, weekend trips, and shopping quickly burn through money. Without a budget, it’s hard to track where your money goes. Suddenly, you’re out of cash before the end of the month.
Create a simple budget. Write down your fixed costs, like rent and insurance. Then set limits for food, transport, and fun. Stick to it.
The Netherlands offers many student discounts on transport, food, cinema tickets, and even gym memberships. But a lot of Gambian students don’t use them. Some don’t even know they exist.
Always carry your student ID. Ask for discounts wherever you go. Use websites like Studentenkorting.nl to find deals. Small savings add up.
Dutch food prices are high. Eating out regularly can drain your budget fast. Some students rely on takeaways or restaurants because it feels easier. But it’s much more expensive than cooking at home.
Learn to cook. Even basic meals save you a lot each month. Shop at cheaper stores. Buy in bulk with friends and split costs.
Many Gambian students send money back home. But they often use transfer services with high fees or poor exchange rates. That means they lose a big chunk of their hard-earned euros.
Use a trusted platform like ACE Money Transfer. It’s fast, secure, and reliable, with a 4.8 Trustpilot rating. You get great exchange rates and lower fees.
Health insurance is mandatory in the Netherlands. But some students delay it or ignore it entirely, thinking they’ll save money. That can lead to big fines or unpaid medical bills.
If you're earning, get Dutch basic health insurance (basisverzekering). If not, check if your travel or international student insurance covers you. Don’t skip this.
Many students assume they can’t work. But international students are allowed limited part-time work in the Netherlands. By not looking for a side hustle, you miss out on extra cash and valuable experience.
Check student-friendly platforms like StudentJob.nl. Look for jobs in cafes, warehouses, or delivery. Even 10 hours a week helps with your budget.
From bikes to furniture, many students buy everything new when they arrive. That’s a costly mistake. The Netherlands has a strong second-hand culture. You can find great stuff for cheap, or even free.
Use websites like Marktplaats.nl and Facebook to find second-hand goods. Ask senior students if they’re selling old things.
Some students get expensive mobile contracts or high-speed internet they don’t need. They end up paying more for things they barely use.
Compare plans. Use prepaid options if you're on a budget. Combine mobile and internet to save. Avoid getting locked into long-term contracts.
The Dutch transport system is excellent—but it’s not cheap. Some students pay full price for trains or buses because they don’t know about discount options.
Get an OV-chipkaart. Use student travel subscriptions or group travel discounts. For bikes, consider used ones instead of renting long-term.
It’s easy to think that saving can wait. But unexpected costs always show up—medical bills, travel emergencies, or study needs.
Even if it's just €20 per month, start saving. Open a student savings account. It gives peace of mind and financial freedom.
If you’re sending money home, don’t lose money to hidden fees.
ACE Money Transfer is a trusted platform used by thousands of Gambians. It offers:
Send money to Gambia from Netherlands now!
Studying abroad is a great step. But it comes with financial pressure. Avoiding these simple mistakes can save you hundreds of euros every semester. Make smarter choices, plan well, and focus on your goals.
And remember: every euro saved is a step closer to your success.
Yes, but with limits. Non-EU students can work up to 16 hours per week or full-time during summer months, with a work permit.
Yes. If you’re earning money, Dutch insurance is mandatory. Otherwise, international student insurance may be enough.
On average, students spend €800–€1,200 per month including rent, food, transport, and personal costs.
ACE Money Transfer is highly rated for speed, safety, and low fees. It’s trusted by many African students and workers.
Yes. Many shops, transport services, and events offer student discounts. Always ask and carry your ID.
