Many people are of the impression that moving abroad is an impossibly costly affair. In reality, there are innumerable options, especially when looking into some of the cheapest countries to live in. The global capitals are inaccessible to most, with extreme living costs, relocating to Tokyo or London is certainly not for everyone. Of course you can pick an outside neighborhood, like pre-construction condominium in Markham, Ontario, which will be cheaper than Toronto, but countries like Canada, Tokyo and London are just beyond most people’s budgets.
There are fantastic alternatives by way of developing countries. Simply because a country is not a global financial powerhouse does not mean it is necessarily a third world nightmare. There are beautiful locales with growing economies beckoning foreign investment and talent. If you are considering relocating to a country that boasts affordable costs of living, you should evaluate other factors such as the condition of the job market as well as the general crime rate. However, these factors should be considered regardless of the relevant cost of living.
If you have your heart set on any of the numbers of fantastic and affordable countries, the only step that remains is planning the move and doing so at the lowest possible cost. There are several methods to save on the costs of relocating just as there are ways to save money while travelling, do practice caution and make sure who you are dealing with in any and all arrangements.
Sell Your Stuff
Most people don’t like the idea of selling everything and starting over in building up your beloved possessions. However, this is one of the best routes to saving a lot of money when moving abroad and getting some extra cash to put toward the costs. You will be making incredible savings as moving wit everything means astronomical shipping tax whereas you could instead purchase new goods upon arrival. If you are assuming purchasing new items will eliminate all possible savings, you should consider the possibilities of downsizing your lifestyle or opting for a rental apartment that is furnished.
The costs of shipping are incredibly high and can amount to the majority of expenses in moving. This is only for those planning a long term, or permanent relocation, but it is inarguable that replacing a couch or appliance will cost a lot less than taking it with you. There is also an undoubted factor of catharsis to starting fresh in your new home and country. Starting over with no more than a few essential items such as clothing means you will be able to afford to relocate without going into debt.
Temporarily Drop Your Living Standards
This is not to say move into a cardboard box, although that may undoubtedly save on rent. What this means is that you should cut on any unnecessary expenses before moving and opt for minimalist living approach. See if you can crash with a friend for a couple of weeks before leaving, or make arrangements for your family to rent cheaply on a short term lease, depending on your needs. All the extras, like subscriptions to your favourite mobile games and streaming services, need to be cut. It may sound inhumane, we know, but we are looking to save additional money for your move, and one way to make a move more feasible is by having more cash on hand.
In terms of your living arrangements at your destination, you may have pre-arranged agreements with a hiring party. If not, try and find accommodation close to your place of work and do a bit of research on local public transportation and the safety and demographics of various surrounding areas. Once there, don’t start spending until you get a feel for the value of the local currency, you may end up paying the price of a house for a TV set. That being a real possibility in some countries, being a foreigner may make you a target for the fiendishly sly salesperson.
Shop For Travel Related Deals
This is the facet of moving abroad in which you should take the most caution. Crimes related to fraudulent service providers in this sector are no laughing matter. Ranging from outright defrauding you of your money, to human trafficking, you cannot get involved with any providers that are not credible with a standing reputation. Reading customer review sites is the best way to establish a reputation.
This is not to say that you should be put off by bad reviews on Hello Peter and other reliable review websites. If you are willing to compromise a little in the comfort department, you can save a surprising amount in all of your moving costs. The real key to saving when it comes to travel-related expenses is to plan and book early. Make sure you have a solid plan in place and then pay for tickets and other costs as long beforehand as possible to get the best deals. Booking early means you can take advantage of low off-peak travel costs that can often be exceptionally low.