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So, you want to come to Berlin for an internship. You may be wondering, ‘How much money should I budget for daily life in Berlin?’ Well, good news! If spent wisely, your money can get you far. Daily costs are generally inexpensive and you can dine out cheaply compared to other European destinations. Food comes at a standard price, with an average restaurant charging around €10-15 for a meal. Drinks can also vary with prices, with a German beer costing €3-4. However, you may want to save up some money when wanting to visit museums and tourist locations as they can get a little pricey.

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For the current exchange rates, please see here. (https://www.xe.com/currency/eur-euro/)

1 GBP = 1.15

1 USD = 0.85

1 AUD = 0.61

1 CAD = 0.67

1 NZD = 0.59

**Exchange rates as of 01/10/2021

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Your individual lifestyle is the main factor that will determine your budget. It will vary depending on what transportation you decide to take, personal dining preferences, nightlife and more.

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WEEKLY/MONTHLY EXPENSES

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Below, we have put together some budget estimates of your expenses in daily life during your time on your internship. In general, you can live on a low budget and still be able to live quite well. For those looking to spend a little more, there are also medium and high budget estimates. See which budget is right for you!

For transportation, most people use the BVG AB ticket for €86 per month. This ticket is used for all transportation links such as the bus, train and tram services. You may find more information on their official website here. (https://www.bvg.de/en/tickets-tariffs/all-tickets)

(For food, all apartments will have kitchens, so you will have the option to cook your own meals.) Food at supermarkets are affordable, but you may find that some discount shops such as Lidl and Aldi will make your money last.

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For those looking to save money while still having fun and trying new things.

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For those who go to the gym, eat out more or spend more in other ways.

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For those who would like to spend more on cocktail bars, taxis or shopping. 

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As you can see, you don’t need too much money to enjoy life in Berlin. Be careful when you have a craving to buy a Starbucks coffee or give into temptation of using cheap Ubers to get to work instead of taking a tram. Not everything is cheaper in Germany, and all the little costs can quite quickly add up. So it’s important to find the right budget for you.

For international payments, we always recommend using TransferWise. They’re cheaper than the banks, because they always use the real exchange rate – which you can check out on Google – and charge a very small fee. They’re also safe and trusted by over 2 million people around the world. You can sign up here. (https://wise.com/?clickref=1011lijaZwQY&partnerID=1100l59541&utm_medium=affiliate&utm_campaign=0&adref=&utm_source=pagodaprojects&partnerizecampaignID=1011l727)

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