How To Move Abroad With No Money in 2020/2021:- Moving abroad can be very expensive. After paying for your flight, many more costs will come up: housing, insurance, transportation, day-to-day expenses and so on.
Even if you have permission to work in your new country, moving abroad can be risky if you don’t have savings to cover start-up costs.
It’s very hard to resist the urge to explore the world and move abroad, even when you don’t have savings. In this article, you’ll find 7 ways to move abroad without money.
These ideas will help you cover the start-up expenses of your move – or even eliminate them – and show you how to fund your stay.
7 Ways To Move Abroad With No Money
1. Study Abroad
Studying abroad may sound like an investment, but there are plenty of European countries that offer free university education.
Choosing to move abroad and study in one of these countries will allow you to get a degree at a low cost and get experience living abroad.
Some countries even allow you to get a part-time job next to your studies to fund your life as an International student.
If you want to be assured of having a steady fund while studying abroad, look into scholarships and grants you might be eligible for.
2. Move To A Country With Low Cost Of Living
Moving to a country with a lower cost of living than your home country is a sensible choice, especially if you have or occasionally receive money from back home.
This could be, for example, if you work remotely or receive some type of benefit from your home country.
You will be able to stretch your money a lot further than if you were to move to a country with a high cost of living.
Some popular countries with a low cost of living are Portugal, Colombia, the Dominican Republic, Indonesia, Vietnam, Mexico and even certain parts of Italy and France.
3. Alternative Housing (How To Move Abroad With No Money in 2020/2021)
If you have some savings but are planning on paying less monthly, look into alternative housing.
Alternative housing is about living outside of the mainstream norm of renting or buying a house.
If you don’t have to pay rent or mortgage monthly, you will be able to work less and travel more.
Some alternative housing that has become popular lately is van dwelling, living on a boat and even building tiny homes.
You will have to pay some costs upfront, but will likely end up with a low amount of monthly expenses.
Depending on the country that you will be moving to, alternative housing may end up as the cheapest housing option.
In North America, van dwelling is really well-known, while in Europe more people choose to live on a boat.
Just make sure to do plenty of research before your move to make sure your new home fits your needs.
4. Working Remotely
Working remotely is a way to live anywhere and still have an income. Look online for employers that allow you to work from home.
Many remote jobs are reserved for developers, programmers and web designers, but you can also work remotely in copy-writing, marketing and even the legal field. You may even choose to work as a freelancer.
If you have skills that could help others remotely, this is the way to earn money online.
Not every visa that allows you to temporarily or permanently stay abroad will allow you to work.
Whether working online is allowed, even with foreign clients, will depend on the country you’re moving to.
5. Work For A Place To Stay
Most of the start-up costs will occur when you live abroad independently. You will have to pay for insurance by yourself and have savings for a rental deposit.
If you choose to work for a place to stay, most of these start-up costs will be covered by the people you will be working for.
Moreover, some jobs even cover your personal expenses like groceries, clothing and entertainment.
Some popular jobs that could cover your stay abroad are house-sitting, working on a farm, being an au pair and working at hostels.
6. Working Holiday Visa
If you’re under 31 years old (or in some cases even 35), you will probably have access to one of the most valuable visa schemes that are agreed on around the world.
Working Holiday Schemes are agreements between countries to let young travelers stay abroad and fund their travels by working during their holidays.
Most Working Holiday Visas are relatively easy to obtain and will allow the holder to travel up to one year in the partner country.
7. Wait For A While
Probably the most sensible, but least appealing way to be sure you’ll have enough money saved for your move abroad is to wait a while.
Find a (new) job in your home country and use your earnings to save towards your dream.
Your employer might even be able to offer you opportunities abroad, so you won’t have to arrange it by yourself.
If not so, getting some work experience will still be very helpful to find work abroad and fund your travels once you’re ready!
CONCLUSION on How To Move Abroad With No Money in 2020/2021
Without a doubt, savings and a regular income will help tremendously to secure your financial security abroad.
However, moving abroad is still possible without savings or a job set up.
Make sure your expenses abroad will be as small as possible and look for work to fund your stay.
Did you already make the move abroad? Let us know in the comments how you funded your stay.
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