There are so many costs associated with moving abroad – flights, visas, rent – where to start?! Getting your finances right is a critical part of making a success of your move abroad. Drawing up a budget in advance is a good way to put things in perspective and prepare for the challenges you will face. Here are some of the things you should take into account when drawing up a budget for your move abroad.
Depending on how far your moving abroad, flights could potentially be your biggest cost. I would highly recommend shopping around for the cheapest flight using search facilities like Skyscanner or Kayak – you might also want to check if any of your frequent flyer miles (if you have any) can be used to travel to your destination. And while you should always try to get a great deal on your flights, sometimes it can be hard to save money for your trip. Panda Payday loans can help if you are short for your move abroad – you can simply buy your flights ahead of time and pay them back before you leave – easy!.
Visas are a whole other ballgame and vary widely depending on where you are planning on going, and your work/study/personal status. For example a student visa, a family visa and a work visa will all have different fees associated and differing processes, wait times and requirements. Be aware however that almost all visas required to move overseas will have an application fee, so do your research for your chosen country and add this into your budget.
Accommodation costs are something you need to think about. Have you arranged accommodation in advance or do you plan to stay in a hotel initially and find something once you’re there? What happens if the search takes longer than expected? Don’t assume it will be easy to find a place.
If you are planning your move abroad as part of a round the world trip, then check out my other article 5 Tips For Buying A Round The World Flight.
