Moving abroad: exciting, or terrifying? The answer is that most people who are moving abroad will tell you that they feel both of those emotions in equal measure.
This makes sense. After all, moving abroad may be the adventure of a lifetime, but it’s also one of the scariest and hardest things you will ever do. Of course, it doesn’t help that moving abroad isn’t cheap – you will spend a lot of money on this process, so it’s important to have a comprehensive budget that covers all of your expenses. That’s what this post is here to help you with.
Budget for a scouting trip
Most people only budget for the move itself, but the truth is that moving to a country you’ve never even visited is not a good idea, because what if you move there and end up hating it?
Even though it costs more, we would recommend taking a short trip to the country you want to move to so that you can get a better feel of whether it’s a place you can call home. Therefore, you need to budget for this trip, as you will need to pay for visas, flights, accommodation, and medical insurance for international travel.
Budget for the application process
In an ideal life, you’d be able to hop on a plane and go anywhere in the world, but that’s sadly not the case, especially not if you plan on permanently settling in a new country.
To move abroad long-term, you will need either citizenship, permanent residency, or a visa that allows for long-term stays. Most of these options will require quite a lot of money during the application process, and while this amount may not seem that big in the grand scheme of things, it can add up if you have a large family.
Budget for your plane tickets
Next, you need to figure out how you will get from your current country of residence to your new home, and for most people, this means flying.
Depending on where you are flying from and where you will be landing, you may get lucky and score some cheap tickets, or your travels could end up being the most expensive part of the entire process. If possible, try to save some money on your plane tickets by booking them well in advance, using flight search engines to find the cheapest flights, and using credit card miles.
Budget for the move
Some people like to take all of their belongings overseas with them when they move and don’t mind hiring multiple shipping containers to do so. Others prefer to leave everything behind and start from scratch.
Either way, you need to budget for the costs involved with taking your belongings with you – whether this means simply having an extra suitcase filled with clothes on board, or taking hundreds of boxes. If you do decide to move with your things, you should still declutter and get rid of some stuff.
Budget for temporary accommodation
Most people don’t have permanent accommodation lined up when they arrive in a new country, because they need some time to look at possible housing options and decide where they want to live.
So, there will likely be a time when you won’t have a permanent place to call home, but you will still need somewhere to stay. That’s where temporary accommodation comes in. Temporary accommodation will allow you the time you need to find the perfect home. For some temporary housing options, click here. You need to consider all your options and budget for one that feels right.
Budget for permanent accommodation
As mentioned, temporary accommodation is a great way of finding your feet and looking for a permanent home while still having a home base. But the thing with temporary accommodation is that it’s, well . . . temporary.
No one wants to crash with family or stay in a hotel forever, so as soon as you’re over the jet lag and initial shock of landing in a new country, you should start looking for a more permanent place to call home, whether you will be renting or buying. Of course, this will set you back quite a bit financially, so be sure to budget for it.
In conclusion
If you are moving abroad, your brain is probably spinning with all the information about what you need to do. And if you’re stressed about how you are going to afford it, you’re not alone.
The first step to making sure that you can afford your move abroad is to set up a budget so that you know what you will need to pay. Hopefully, this post gave you an idea of some of the things to include in this budget, although you will likely add more things as you go along.
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