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Minimal savings!


Gaz H

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Hi all,

 

I have read lots of threads regarding how much money people have taken over with them to set themselves up but was wondering if anyone has made the move on a shoestring budget with minimal savings. How little the budget was etc. also if anyone is still paying bills in the uk and how much they are paying in transfer charges.

Once the visa is granted it would be nice to make move ASAP, so just trying to get an idea if it is feasible to move first , pay debts later???

 

Thanks in advance.

 

Gaz

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Really depends on your situation. We came over with just $5,000, but we had the luxury of living with my brother for the first 5 weeks we were here. That money bought us a $1,500 car and our $1,700 rental bond and we lived off it for those 5 weeks. After that we both got jobs and that made life a lot easier!

 

We did (and still do) have debts back in the UK, we made sure we left enough money in our accounts to pay for them for the first six months. Then we sent cash back and paid off one loan and we probably send back around $3,000 every 3-4 months to service the accounts back there. We use Ozforex for sending money back.

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Thanks

 

We have no family or friends to stay with when we move so obviously there will be rental costs etc, probably try and get a furnished place for a while. I will be sorting work out before we go so should have a wage coming in from the get go which will include a car!

Nicola, do you have fees to pay when you transfer the money back or do they just do it on the exchange rate?

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We are on a budget with limited funds sent over the Australian bank account. Our money is tied up in property in the UK - not the time to sell - One months rent paid up front for short term let plus the deposit, money put aside for deposit and one months rent for long term rental, lap top phones and a car on arrival, all my belongings are being shipped over, cost of selling in uk and purchasing in Australia found it less expensive to ship. We have to send money back to the UK for 1 year so not that bad and will be using Ozforex. Just hope the UK property market rises soon so we can at least sell one property, if not in a years time one will go. From reading some peoples postings they come with a budget less than ours and make it work. At least my hubby has a job and is earning myself no doubt will find a job at some point, but I am just going to concentrate on finding a suitable long term let for the next 6 weeks after I arrive on the 18/6. Gaz where there is a will there is a way and things will work out for you I am sure.

good luck

love n light

Mary

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