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A Financial Safeguard to Moving Abroad

Do you feel like the world could have been your oyster if you only had enough money? Wealth means freedom to a lot of people, and it’s often true that those with a lot of it are able to experience life quite differently than those who have little. The freedom of money, however, is more in your mind than anywhere else; it provides us with a feeling of security, eliminates uncertainty and fear, giving us that extra push we need to take risks.

Image credit: Pexels

Image Credit: Pexels

You can live without fear and take risks even if you don’t have much money, though, which is exactly what some people have managed to pull off. They didn’t wait for wealth to accumulate or for the right moment - instead, these money-savvy adventurers grabbed life by the horns and headed off in any way, making the most of what they had.

Here is how you can safeguard yourself financially and plan for a stress-free move abroad without all the money hassle.

Moving from a rich to a less wealthy country

Some people might call you crazy for deciding to move abroad; others will question whether you’ve actually thought this through. Although a lot of people around you may lead you to feel a bit panicky about your decision, it’s good to keep in mind that they have never made a move like this. They are perfectly happy with a comfortable and predictable kind of life and is, with all due respect, probably not the right source of advice.

Ask someone who has actually done it, though, and their only regret is usually that they should have done it sooner. There is an amount of expenses to be saved and money to be made without having to cut back on what you’re used to buying - or even having to increase your income.

You can basically live way better for far less, being able to experience life as your neighbors could never dream of, and accumulate wealth at the same time. It’s not an odd or radical decision at all, and there are, in fact, a large number of families and digital travelers living in less developed parts of the world, saving a lot of money without having changed anything but their address.

Give yourself a lot of time

The luxury of already having a lot of money when you have started to nibble at the thought of going expat is that you can head off at any time. It’s the only privilege, really, and with an empty bank account that can be fed over time, you’ll be enjoying the same luxury within six months.

To make matters even better, the more time you have to plan your move, the more emotionally prepared you’ll be for it as well - and the departure date can approach slowly, making you more excited about it for each passing day.

Those who just jet off with their robust wallets will also have to deal with finding a job and making arrangements with regards to accommodation quite hurriedly. You, on the other hand, can lean back and make all of these arrangements while feeding your bank account at the same time - so that by the time you leave, everything is already taken care of.

Have a chat with multiple recruitment companies before you settle for a job, find accommodation close to your new job if you’re planning on renting a house, or learn what it takes to buy a property abroad before leaving.

That way, you don’t have to spend money on staying at a hotel while making arrangements for more permanent accommodation - and can even check out the different neighborhoods on Google Maps while you’re day-dreaming about your big move.

Pre-booked flights

By being able to spend about six months on the planning process, you can also look forward to an amount of money saved on the plane ticket. It’s usually the biggest part of your expenses in any way, and you’ll be thanking yourself repeatedly for planning all of this so far in advance.

As you probably know, the shorter your flight is, the more you’re going to pay for the ticket. It’s not always like this, of course, but most people prefer a short and sweet flight, so they’re willing to pay up. Make it a travel experience as well as an international move by dividing up the flights, exploring the countries between your current and your new home, and enjoying the money you save instead.

Alternatively, you can just accept longer layovers and hang around at the airport, waiting for time to pass.


Image Credit: Pexels

Give yourself a trial run

The time you have put aside to plan and arrange your international move should also be spent on visiting the country you’re considering. Make it a trial run and book a short stay at an Airbnb, for example, to have a taste of what life could be like in this city.

Not only will this calm your nerves a bit and prepare you mentally for the new culture, but you can also gain first-hand insights on how much living in the country will cost you.

The test requires you to live like a local, of course, so you need to book somewhere with access to a kitchen to cook your meals in. Have a chat with the host as well, by the way, and mention that you’re planning to move there. He or she should be able to give an estimate of how much it costs to run the apartment - and may be a great contact to have if you decide to move.

Time to plan and contemplate is good news for both your finances and your mental health. It’s a luxury on its own and makes it a lot more likely that you’re moving to the right kind of country, finding a job you’ll enjoy as well as living in a safe and reputable neighborhood.

It’s not as thrilling as just heading off right away - but then again, a big international move should be enough excitement as it is.

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