menu close
arrow_forward CurrencyFair Blog

How to Move Abroad on a Budget

March 29, 2013

Today we’re featuring a guest blog post by Hamad Jifri from Feedbacq, an online platform connecting expats with the best value international movers:

Relocating abroad is a huge milestone in one’s life. With the recent economic downturn, the option of moving to greener pastures has taken on a whole new meaning. Moving abroad can work out expensive if not planned carefully- the typical expenses associated with a move abroad can be classified into costs incurred before, during and after your international relocation. So here are a few smart tips to save money on your move abroad.

moving-abroad-budget

Before your move

Sell your personal assets

If you own a house, consider selling it at least 3-4 months in advance. If the market situation is not conducive for a sale, then rent out your house till the time it improves. The same applies to any business holdings you may have. Sell your car a month or so before you leave as shipping a car abroad is a huge expense. The cash received from the sale of your assets can be put into a savings account, the interest from which would keep you going till the time you start earning abroad.

Carry as little as possible

move-abroad2

Shipping your belongings to your destination is one of the major expenses while moving abroad. Keep in mind that an international shipment is billed on weight and volume of your stuff. So the less you want to ship, the cheaper the cost of your move. You will be surprised at how much cash you can raise by selling your work tools, garden equipment and camping gear. Post an ad in your local newspaper or use free classifieds such as Craigslist.

Things like antiques and pianos cost extra to ship abroad, so either sell them, ‘lend’ them to friends or lock it up in your garage if you plan on renting out your house. Do not put them in storage as it will add to your expenses.

During your move

Get the best deal on your international move

A reliable international mover can deliver your belongings on time and in the same condition as it was when it left your door, thereby saving you the expense of having to repair or replace broken items in your shipment. You will be able to negotiate better rates during off season, as summer time is the busiest for international movers. Make sure to read the fine print of your moving contract to avoid any ‘hidden charges’ upon delivery. Read user generated reviews of international movers on websites like FeedbacQ, before you make a final decision.

Book your travel early

Flight tickets are way more expensive during the summer months and Christmas time. So adjust your travel dates accordingly. Connecting flights usually work out cheaper than direct flights. Also, mid-week flights that leave early morning and late night tend to have lower fares. Book your tickets well in advance on websites such as FareCompare. Register for air miles, as it will save you money on future trips.

After your move

Consider a flat-share

To keep accommodation costs to a minimum, consider sharing a flat with other working professionals. Or if you are moving with your family, opt for a short term rental initially as it will give you time to hunt for a good deal. Use websites like Hotfrog to shop for used furniture and appliances. Furnished accommodation is also an option to keep costs down, especially if you are not going to be shipping all your stuff from back home.

Thanks Hamad, we’ll just add one more ourselves…

Don’t get ripped off transferring your money

CurrencyFair will help you find an exchange rate to beat the banks and transfer money online, efficiently, quickly and safely. If you’ve not done so already, you can sign up here.

Author Bio
Hamad Jifri is a serial expat and an international move specialist at FeedbacQ, a platform that connects expats and future expats to pre-screened, quality verified international movers worldwide. Follow Feedbacq on Twitter and follow CurrencyFair on Twitter or Facebook too!

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
comments powered by Disqus