Top tips on saving money when moving to a major city abroad
July 28, 2014
Uprooting your life and moving abroad is a big decision to make and with so many things to consider, budgeting can be a challenge. Our experts have put together some top tips on how you can save money during your relocation.
If you’re moving to a city with a large and well organised expat community like Tokyo, Jakarta, Singapore or Sao Paolo, you can often find furniture and appliances through dedicated expat websites. These online communities will have sales when other expat families are moving and want to leave behind fairly new items, are a great way of kitting out your home for a fraction of the price.
Check out ‘the next big thing’
In most big cities there are the popular, trendy neighbourhoods and what are known as ‘the next big thing’ neighbourhoods. For a better deal, consider moving into an up-and-coming neighbourhood. These areas tend to change and enhance quickly and it’s great to be part of the transition to say you were there before it was on top.
Establish the best season
If you have flexibility, look into the peak seasons for moving to your new location and find a time when it is considered a better seasonal market for finding housing, for example the end of the school year. This will help ensure you get more for your money.
Pick the right moving day
Some moving companies may charge more to unload your belongings into your new home on a weekend than a week day. Be sure to ask if rates vary depending on the day.
Consider your social life
You may think that living outside the city centre will save you money on accommodation, but keep in mind where you plan to socialise. You might spend more on taxis home after an evening out with friends in the city, which can soon add up if you’re on a budget.
The more you get to know your new city, the more efficient you’ll become at managing everyday expenses. It’s typical to spend more during your first year in a new location because you’ll go to the closest supermarket. If you make an effort, you can find the little known or less expensive options like a local market.
If you’d like more top tips on relocating on a budget, call 0800 731 4409 or email email@example.com.