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How to prepare your finances for expat life

by Sponsored Post on September 10, 2018

Before you move abroad, it can be valuable to spend some time thinking about your finances. By doing your research and making some preparations before you leave, you could find that you can reduce stress and potentially save some money, helping you to make the most of your new life in your new country straight away.

International money transfer specialists HiFX shares three financial considerations you might want to think about before you make the move.

1. Understanding the cost of living

The cost of living can vary significantly from country to country and even town to town. It’s worth keeping this in mind when you are working out how much money you need to have available, as you could find it goes much further than you are used to – or not quite as far. Tools such as the Numbeo Cost of Living Comparison can help you to understand how the cost of everything from a loaf of fresh bread to a month’s rent differs between your current and future home. [click to continue…]

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