How can you move abroad when you have little to no money?
“I’ve always wanted to move abroad.”
“What’s stopping you?”
“No money.”
You want to start a new life in a new country, but your bank account is looking a bit sad. You know that moving to another country will give you the best life, and yet you also know that you need money to live, wherever you are. And to move in the first place… at least, I hope you know this!
You’re aware that the cost of living in your home country is skyrocketing, and with no signs of slowing down, you know you’d have a better quality of life in the country of your dreams, but how can you make it happen?
It feels like a Catch 22 situation: you know you’d be better off in a different country, but you feel can’t afford to move there in the first place.
If you’re determined to make the move to a new country, you can make it work. It takes incentive and dedication, and perhaps a little risk.
Can you successfully move to another country with no funds?
If you want to move and live abroad but think it’s impossible without pots of money, think again! Many have successfully made their move abroad with little or no money.
Let’s clear up this ‘no money’ phrase to start. There’s ‘no money’, and then there is earning enough to live on and support yourself.
I’m not suggesting you get on a plane with absolutely no money at all, and no way of finding any at your destination. For a start, you need to be able to afford the plane ticket! So, reframe your idea of ‘no money’; what does this actually look like for you?
Obviously, you need to have access to regular funds because you need to eat, find shelter, and well, live! I’m not writing about having literally no money. Rather, I want to explore ways you can make your life abroad when you don’t have stacks of money, a retirement fund, an international job transfer, or a portable career that permits you to work anywhere.
Remember, figuring out how to move to another country isn’t just about finances – but more about that another time! For now, money, or lack of it, is what we’re focusing on. We all know that money makes the world go around, and the more money you have, the more of the world you can go around… What I mean is, the more money you have, the easier the expat life can be. But not having millions shouldn’t stop you from making your dream come true and creating the fulfilling life you want.
Start by exploring opportunities to work abroad or find a job that can help you kickstart your new life. Research jobs abroad or consider working overseas on a volunteer basis to gain experience while immersing yourself in a new culture. Perhaps investigate options like study abroad programmes that may offer scholarships or free flights.
Network like crazy with everyone you know, at home and in your destination country for support and guidance.
Use your creativity to make some extra money by offering services or building a ‘side hustle’. As a bonus, your hobby or side hustle can become a career that you can take with you, wherever you choose to live. For ideas, check out my free Bumper list of Location Independent Jobs here.
What are some ways to move abroad on a budget?
There are ways to experience life abroad with no money. And while it’s tempting to hark back to the hippies of the 1960s, life is a bit different now!
However, this kind of travel still exists – now it’s called being a Digital Nomad. OK, I jest (a little!) but if you want to travel around, rather than settle somewhere new for a few years, this may be the way for you to make it happen.
Digital nomad visas
A digital nomad visa allows remote workers to legally live and work in a foreign country for an extended period, typically longer than a tourist visa, while working for a company or clients outside of that country.
Many countries offer digital nomad visas which allow you to stay and work for a set length of time. Do make sure you fulfil all the regulations, though, and keep checking the details because they do change.
And on the topic of visas – you do need one!
What are the visa requirements for moving overseas?
Understanding the visa requirements for moving overseas is crucial. Moving without a visa can lead to complications (understatement!). Research the specific visa requirements of your chosen country.
I am not legally allowed to offer any visa advice whatsoever, so this is entirely down to you to research. You need to take into account your nationality, the country you wish to move to, and thoroughly research the official government websites for the details.
Often, there are many visa options available, but only one or two may be relevant to your personal situation and requirements.
- Find out which visa you need.
- Find out which visa you can get.
- Find out how much it will cost – yep, they do cost, and in some cases, they can cost a lot.
If you find the whole visa research complex, due to your plans and personal details, you may need to find a specialist to help you out. Immigration advisers or lawyers can provide professional guidance with your visa application. They know all the ins and outs of different visas and can ensure your application is accurate. Of course, this costs money, but I need to include it here for full disclosure.
You do need a visa! Immigration laws exist, and are liable to change.
Oh, and you may need a work permit, too.
Don’t be put off! If you really want to live overseas, you need to make it happen for you.
Find a job
It sounds flippant, but, assuming you work now, you will also need to find work overseas.
There are many international job search agencies online now, so take a look and see what’s available. It will make your move easier if you already have a job to move to in the first place.
Many move abroad without a job, and expect to find a job on arrival. The key issue with this plan is the word ‘expect’. One of the main reasons for ‘expat failure‘ (returning home before you planned) is making assumptions. Assuming you’ll be welcomed with open arms into the job of your choice, simply because you’re from a Western country is one of the main ones.
Never move anywhere without fully researching your options. Most visas have small print that means you’re not permitted to work. Employers may reject you if you have the wrong kind of visa, something that’s becoming a common theme for those travelling on a working holiday visa.
If you’re a skilled professional, see if you can transfer your skills to your chosen country. Make sure your qualifications are transferrable and recognised in your new destination.
Not all skilled professions are portable.
Not all qualifications are globally recognised.
For example, maybe you’re a doctor, a counsellor, a lawyer, or a nurse, and expect these careers are the same the world over… sadly not. It’s all about licences, and making sure your qualifications are relevant.
Find out what’s needed to update them for work in your new country in order to practise your profession there.
What job opportunities are available for expats moving abroad?
The job market can vary significantly based on location, industry, and skill set. Here are a few ideas and industries that crop up on the international job searches most of all:
Information Technology (IT)
The tech industry is booming in many parts of the world, and companies are often on the lookout for skilled professionals. Roles in software development, data analysis, cybersecurity, and IT support are in high demand, particularly in tech hubs.
Healthcare professionals
Doctors, nurses, and allied health professionals can find opportunities in various countries, especially where there is a shortage of local healthcare workers. Expats in healthcare may need to navigate licensing requirements and language barriers, but the demand for skilled professionals remains high.
Engineering and technical roles
Engineering positions are often available in sectors such as construction, renewable energy, and manufacturing. Countries undergoing significant infrastructure development may actively seek foreign engineers to fill gaps in expertise.
Hospitality and tourism
The hospitality industry often employs expats, particularly in tourist-heavy regions. Positions range from hotel management to event planning and tour guiding. Language skills and cultural knowledge can be advantageous in this field.
Finance and banking
Major financial centres like London, Hong Kong, and New York attract expats with expertise in finance, accounting, and investment banking. Positions in multinational corporations or financial institutions can offer competitive salaries and benefits.
Remote work opportunities
The rise of remote work has opened doors for expats to work for companies in their home country or other countries while living abroad. This flexibility allows for a broader range of job opportunities without the need to navigate local job markets.
Companies aren’t obliged to facilitate this for you, though! There are often hefty repercussions to the company, such as taxation, insurance issues, and other complexities.
However, if you don’t ask, you don’t get – so it’s worth a try. Just don’t assume.
Teach English
One option is to teach English abroad. Many countries, such as Asia and Europe, have a high demand for English teachers. If you plan to move to a country where a different language is spoken, you may be able to earn a living this way.
Teaching English as a foreign language (TEFL) is a popular choice, especially in regions with a low cost of living. Or Teach English as a Second Language (TESOL). Some programmes may offer benefits such as free housing, which allows you to leap into your new life as soon as you arrive. Look for properly accredited courses and get the best qualifications you can to boost your chances of success.
Positions may be available in language schools, private tutoring, or even international schools.
Teaching
If you’re a teacher already, look for placements in international schools abroad. Again, there are lots of opportunities to find your ideal placement online, especially if you can be flexible on where you live.
One of the primary benefits of teaching in international schools is the professional development opportunities they provide. Many schools invest in ongoing training for their staff, allowing teachers to stay updated on the latest educational practices and methodologies.
Several companies operate large chains of international schools, which means you could move countries within that particular school system.
Moreover, international schools typically offer competitive salaries and benefits, including housing allowances, health insurance, and travel stipends. This financial package can make it more feasible for teachers to live comfortably while exploring their host country during weekends and holidays.
Non profit and NGO positions
Many expats are drawn to work in international development, humanitarian aid, or environmental NGOs. These roles often require specific skills and experience and can be fulfilling for those passionate about making a difference. And they usually give you the opportunity to travel to places off the beaten track, where you can truly discover what living in that country is all about.
Volunteering
Volunteering abroad is one way to find your feet in a different country. It offers a unique opportunity to immerse yourself in a new culture, meet diverse people, and contribute positively to the local community. While you won’t earn loads of money, because hey, it’s volunteering, you may be accommodated and fed, and if you want to experience living in another country, perhaps this is the way to get there.
Whether you’re teaching English, assisting in wildlife conservation, or helping with community development projects, volunteering allows you to gain first-hand experience of the country’s customs, traditions, and everyday life.
The skills you acquire during your volunteer experience can enhance your resume and personal growth, making you more adaptable and culturally aware, therefore making your CV more attractive for paid work in future.
However, it’s essential to choose a reputable organisation and ensure that your contributions genuinely benefit the community. Research your options and understand the local context to help you make informed decisions about where and how you want to volunteer.
Study abroad
Moving abroad as a student may be an option for you, and is possibly one of the easier routes overseas – if you’re the right age! It’s definitely easier to follow this route if you’re young, free and single. It’s also fairly risk-free, and as a student you will be well supported. There may even be accommodation supplied, and easier ‘student jobs’ to find.
How to start a new life abroad with limited resources
Starting a new life abroad with limited resources is a daunting yet rewarding journey.
First, identify your destination and research how to get a work visa.
If you are considering moving to a country without financial safety, it’s wise to fund your move through part-time jobs or by saving money over time.
Start learning the new language of your chosen country, as it will help you connect with another culture and make friends. Look for jobs that come with free housing, or are in high demand, which can help you make money while settling in. Embrace the adventure travel mindset, and you might find new opportunities along the way.
How to plan your move abroad on a budget?
Here are some practical steps to help you plan your international move without breaking the bank:
Research Your Destination
Cost of living: This is one key step so many neglect to research. Will your ideal country truly be a cheaper place to live? Again, don’t make assumptions. I’ve some scary stories of those who made this mistake.
Investigate the cost of living in your chosen country. Websites like Numbeo or Expatistan can provide insights into housing, food, transportation, and healthcare costs.
Visas: Understand the visa requirements and associated fees for your destination. Some countries offer affordable options for long-term stays, while others can be costly. Think outside of the box if a ‘standard’ visa is out of your budget. Perhaps you could travel more instead of settling immediately.
Create a detailed budget
Break down costs: List all potential expenses, including visa fees, airfare, shipping costs, accommodation, and daily living expenses.
Emergency fund: Set aside a portion of your budget for unexpected costs or emergencies that may arise during the transition. It’s always good to have a Plan B.
Find affordable accommodation
Consider short-term rentals or hostels upon arrival. Websites like Airbnb, Booking.com, or local classifieds can help you find budget-friendly options, especially if you move outside of the normal tourist season.
House-sitting is also a fabulous way to live abroad and explore the area like a local. This is what I mean by thinking out of the box!
Budget for healthcare
You must have health insurance: Investigate healthcare options in your destination country. Ensure you have adequate health insurance that covers you abroad, and look for plans that fit your budget.
Learn about local healthcare providers and their costs. In some countries, local clinics may offer services at a fraction of the price compared to private hospitals.
Network!
Join online communities: Platforms like Facebook and LinkedIn can connect you with others who have made similar moves and enhance your job search.
You can have a new life in another country
Yes, moving does cost money, there’s no escaping that fact – it’s the world we live in. However, if you put your mind to it, you can make it. It’s not so much as planning a move abroad with no money, but more like understanding how you can make your dream come true, rather than procrastinating until you win the lottery…
Find ways to save some money before you leave the country. Create a side-hustle to earn more and perhaps this could become your main line of work that can help you live overseas too.
Plan, budget, save, and strategise, and soon you’ll be living overseas. The world is waiting for you, so start planning your move abroad today!
