If I do not opt for scholarships, can I fund my studies with my own money or savings? How much budget should I plan for in Germany/Italy for a Master's?

You can absolutely fund your entire masters in Germany or Italy using personal savings, without leaning on a scholarship at all. Both countries keep public university tuition low, so your real budgeting work is around living costs, mandatory visa deposits and city choice.

Germany vs Italy: Self-Funded Masters Budget

City Choice Makes the Biggest Difference

• In Germany, budget cities like Leipzig or Dortmund run 700 to 950 euros a month, while Munich, Frankfurt or Berlin can hit 1,100 to 1,500 euros or more.
• In Italy, smaller cities like Naples or Pisa run 600 to 850 euros a month, while Milan, Rome or Bologna run 900 to 1,400 euros.
• Set aside an extra 2,000 to 3,000 euros for upfront moving costs, including flights, deposits and mandatory health insurance setup.
• Use your part-time work rights to reduce how much of your savings you burn through, rather than relying on them to clear the visa deposit itself.

My Advice

Pick your city before you pick your excitement about the university name, since housing swings your monthly budget more than almost any other factor. If your savings are closer to the lower end of these ranges, target a budget city in Germany or southern Italy, and lock in your blocked account or consulate proof-of-funds early so it does not delay your visa.