Moving overseas can be an expensive process but by planning your move carefully, you can ensure you save money. Follow a few of our smart planning tips to get the most out of your money. Moving date Establish the best time to move as with planning a holiday, there are peak seasons for relocating – researching and choosing the right time for your move can help save money. For example, investigate the periods that are better seasonal markets for finding housing such as the end of the school year. You should also make a note of any key national events in your chosen destination, such as Chinese New Year or Thanksgiving, and steer clear of these dates if possible. Share containers If you can be flexible about the delivery date of your possessions then sharing containers is a good way to cut costs. You may be able to make savings on shipping by using the groupage method. This allows you to consolidate your shipment with others and share a container, rather than having to carry the cost of your own dedicated container. Set up a bank account Setting up an international bank account before you move can be an excellent way of saving money. By having an international bank account alongside your existing account, you are able to transfer funds between the two and bypass expensive international transfer fees. A bank account in your chosen location will also provide easy access to your money upon your arrival. Choosing the new area Check out the ‘next big thing’ In most big cities there are up-and-coming areas, which can offer lower property prices. Join Expat forums so that you get inside information on your chosen destination. Spend time in your new area Getting to know local people is the best way of understanding your new area and gaining invaluable money saving knowledge. Set about being familiar with your new surroundings at the earliest opportunity. From discovering the best local food markets to finding affordable shops and restaurants, getting to know your local area can help to cut costs in the long run. Set a budget Decide on a budget and stick to it. It’s often said that the first year in a new location is the most expensive, by creating a budget you will be able to ensure you don’t exhaust your income. Factor in allowances for exploring your local area, socialising as well as household expenses and good bills. Keeping track of your outgoing will help you to make savings if necessary. Get everything in order Get everything in order before you go. Paying off any debts and tying up loose ends before relocating is highly advisable. Not only does this allow you to begin life in your new home without any financial worries, but it reduces the risk of currency fluctuations increasing the cost of outstanding debits.