The concept of saving money is a fine art, and when moving to another country it can be a significant financial investment. How can we save money when moving to another country?
Compare Your Shipping Options
If you are looking for UK to Italy removals companies, you need to take the time to compare shipping companies and methods. For example, shipping your belongings by sea might be more cost-effective than by aeroplane. If you are flexible about when your possessions can get delivered you might be able to share a shipping container that consolidates your payments and means that you don’t need to pay out as much.
Work on Paying Off Debt
It is one of the major millstones around our neck. Whenever you save up for travel you’ve got to pay off your debt, and when moving abroad it’s exactly the same. The best approach is to understand how much money you need to relocate and start by paying off your debt first. One of the best approaches is to use interest-free rates on credit transfers. This gives you a deadline to pay off your debt before it moves to a higher interest rate and therefore with higher fees. You should also get rid of your credit cards. You might think that you need to pay a lot to move, which you will, but the debt will follow you.
Understand Your Biggest Costs
Everybody has their own expenses. We should all take time to understand those little things that can cost a lot. You might be really good with your finances and not buy takeaway coffees but it’s such an age-old adage that every little bit adds up. When you look at those extra costs that can amount to a massive outgoing at the end of the month, take the opportunity to really cut back now. It’s important to remember that while you are saving money you still need to have a life and this is where budgeting practices like the 50-30-20 method are great because you can use 20% of your outgoings to pay off debt and 30% towards the things you want in life, as well as 50% towards things you need to pay like utilities.
Book Flights in Advance
This could mean you’ll have to be flexible, especially when it comes to moving your items to your new location. Booking flights in advance means that you can find the cheapest rates to get yourself to your destination. If you can’t get your items there at the same time, think about the best ways to live out of your suitcase in the short term.
Get a Job Before You Move
If you cannot say that enough money to see you through when you land in your new location you need to be ready to work as soon as you get there. There are resources that can help such as Workaway, where you can arrange homestays and cultural exchanges while you get on your feet.
It is certainly difficult to save money before moving to another country, but it is not impossible!