Budgeting for your first three months abroad

The first months in a new country are usually the most expensive. You are paying for things you already had at home (furniture, deposits, a phone plan) while your income may not have started yet.

Costs people often forget

• Rental deposits and sometimes several months of rent in advance
• Temporary accommodation while you search for a long-term home
• Furniture, bedding and kitchen basics
• Health insurance or healthcare charges before you are covered
• Transport passes, bicycles or car-related costs
• Winter clothing, if you are moving to a colder climate
• Document costs: translations, certifications, local registrations

Build a simple three-column budget

Create three columns: one-off setup costs, monthly costs and income. Use real numbers from official sources, current rental listings and university or employer guidance, and note the date and source of each figure.

Keep an emergency buffer

Unexpected delays happen: a late first salary, a longer job search, an urgent flight home. Many people aim to keep a buffer for emergencies separate from their everyday budget.

Banking and money transfer

Research how to open a local bank account and what documents are required, and compare international transfer costs. Be careful with anyone offering to “hold” or “transfer” money for you.

Use our relocation checklist to keep track of financial tasks before and after you move.