It was our European vacation in August/September that gave us the itch to move abroad. No sooner had we returned home after our 3 week trip that we started talking about our next trip, or rather, the idea of moving abroad for a few years.
Being financially able to move abroad is a big consideration before we’re ready. Some of the things we’d need to pay for include: savings to cover our transition abroad, an emergency fund in case we need to get home fast at any time during our stay, expenses to cover the time we’re finding a job abroad, which should enable us to afford our basic expenses as well as ‘extras’ like regional travel, language classes, covering storage of things we leave at home, or other expenses in our home country. These are all things that must be accounted for before it makes financial sense to move abroad.
Besides the less fun financial planning and saving, there are the questions of what you’ll do abroad, where, and for how long. Once you have the main game plan sketched out, you will know how much you need to save up.
These are details that might be easy to figure out, or you might need a lot of discussion and research to iron out the details. Since it will be both my boyfriend and I moving abroad, along with our two cats, we both need to be included in the decision making and financial preparations.
Have you ever thought about moving abroad? How did you decide where to go, for how long, and how did you afford it? Let me know in the comments below!