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6 Easy Ways to Save Money When Moving Abroad

Save Money

At some point we have all fantasized about what it would be like to live in a foreign country. Regardless of whether your trip is short-term or long-term, whether you are moving for business or leisure, you will have to put some work into getting your affairs in order at home before you leave. One thing is certain. This will be a period filled with excitement and bittersweet feelings.

Save Money

Here are some pointers on how to easily pinch some pennies, for those who are on the verge of making this dream a reality.

Book Your Tickets

Many people think that waiting until the last minute is a good way to save some money, when it is in fact the opposite. When you are desperate for a ticket, you are willing to pay whatever the cost. It is much cheaper and less stressful to book your tickets well in advance. Save money on tickets by choosing and early flight, or a weekday. Compare airlines. Never book close to holiday season.

Use The Transit Time

Why not sneak in a mini holiday at the expense of a direct flight? Instead of going to your destination directly, in one sitting, have a rest in-between. This way, you get some leisure time and the chance to see more of the world. If you can spare a day or two, it is a win-win situation. The money you save on a direct flight can be put towards a nice meal or lodging during the break you take along your route.

Get Insurance

Whenever you are traveling it is always better to be safe than sorry. Insuring your luggage may seem like an additional expense, but considering that you are going into uncharted territory with only what you can carry, it is a reasonable one. When booking tickets, meticulously check your airline’s policy on lost baggage. We hope for the best, but if you are in a foreign country, especially when strapped for cash, you are going to want to make sure that you are covered for any lost, damaged or delayed items.

Plan Ahead For Healthcare

No matter your state of health or length of your trip, health insurance is the number one thing you will not want to skimp on, especially in climates you are not accustomed to. Although most countries have cheaper healthcare than we are used to, the ‘better safe than sorry’ rule applies here as well. Always call ahead and make sure that you secure a plan and access to healthcare, wherever you are. Conversely, not only will you be putting yourself in danger, but you will also likely rack up a hefty bill.

Leave Bulky Items Behind

Chances are that you plan to return home one day. It will most likely be cheaper to buy new things at your new location than to pay for the transportation costs of your old items. You should not have to reduce your belongings to the contents of a suitcase. An easy way to make sure that your things are safe and sound upon your return is to look for supercheap storage solutions. Renting in advance and for longer periods should get you a better monthly rate and save you the hassle of having to sell off your belongings or pay for transport.

Be Self-Sufficient When You Arrive

Rent an apartment or house (whatever is cheaper in the area) that is fully furnished and equipped. This means that it should have everything you need to cook, clean and do your laundry. This will save you money on a daily basis. Also, in the long run you will not be left to deal with the household items you have accumulated during your stay once it is time to leave.

Moving abroad is an area that not many of us are familiar with and it is therefore easy to spend more than is really necessary. Statistically, nearly half of the people you know will never leave their home state. Be proud of yourself for embarking on this venture, but also make sure that you are informed and cautious when dealing with additional expenses.

Save Money When Moving Abroad

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DollarBreeders is a personal finance blog dedicated to people who want to take control of their finances and secure their future. Here you will find personal stories to inspire you to make better and more informed financial decisions. We aim to help people understand personal finances better and meet the challenge of living comfortably within the budget.

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