Moving Internationally Yet Budgeting It Out: a Pro Moving Guide

This article goes into detail about how to budget for an international move, the tax implications, additional costs you should take into mind, and more tips and tricks for a proper and simplified move abroad on a shoestring. 

• Just begin by writing out on an Excel spreadsheet the many categories you have expenses in life (home rent, furniture, moving, flights…). Keep the list going until you run out.
• Next, research your destination country and the main costs and things needed locally (ie maybe you can ditch the car and get cheap motorbikes which will drastically reduce your budget for transport)
• Play things by ear, keep a projected cost tab that you fill in with simple Google research vs an actual price tab to see how far off you are from actuality. 
• Even when you don’t have all the answers, just begin and things will fall into place.

Moving internationally on a budget requires smart planning ahead and strategic decision-making to keep things within budget. Here’s an iMoving pro guide to help you manage costs under control while ensuring a laid-back and affordable relocation abroad.

1. Plan Ahead

• Destination Research: You need to know where you’re headed and the way things work there. Understand the true cost of living, housing market (rent vs buy for value and resell), and local things available at your destination country to budget correctly.
• Moving Dates: Choose off-peak times (mid-week, mid-month) if possible to lock down lower prices from moving companies that work internationally.
• Cultural Research: You should understand ahead of time how to show respect in the local language and know what is considered rude ahead of time. You are moving into a new foreign culture and should understand the basics upon arrival. 

2. Majorly Downsize

• Sell or Donate: Reduce your moving costs by getting rid of items you no longer need or can easily and cheaply replace at your new home. Especially when moving to developing countries where the move itself is expensive, but the items are not, it makes sense to sell your current items and repurchase new ones in your new country. 
• Electronics: Many times electronics from your home country won't be the same voltage as the new country and inverters tend to be problematic and sometimes even dangerous. Toss or sell what you can and buy locally.
• Minimalist Vibes: Pack efficiently, think about the new climate and what things are really needed, and consider lightweight options to minimize shipping weight and downsize your moving costs. Take this into account for your arrival budget if you will need to repurchase certain items. 

3. Moving Options Comparisons and Choose the Right Method

• Get Multiple Quotes: Compare and contrast quotes from legit international moving companies. Look for companies that offer competitive rates and good customer reviews. Make sure they have years of experience moving to your destination.
• Compare True Services: Compare services included in the quotes (packing, insurance, customs clearance paperwork assistance, and more) to ensure you get the best deal. The customs agent paperwork can be expensive if done separately so be sure to budget this in as well as any taxes on the shipment upon arrival. 
• Sea vs. Air Shipment: Sea shipments are always cheaper for larger shipments, while air shipments are faster but more expensive. Choose based on your budget and urgency. Take into account delays at sea.
• Shared vs. Full Container: A shared container is cheaper for smaller shipments, while a full container may be more cost-effective for larger moves. The shipping companies worry about pairing you up for a container load so don’t worry about that aspect, but do take into account that items may get displaced with another family. 

5. Pack Like a Pro International Superstar

• DIY Packing: Pack your belongings yourself to save on packing services and make yourself sort through all your goods so you only bring what you really need. Pack smart so things stay safe in transit.

6. Insurance

• Coverage Needs: Assess the value of your belongings and buy insurance for comprehensive coverage during the move. Don’t forget to compare a few quotes. 

7. Manage Legal and Administrative Costs

• Document Prep: Handle all visas, permits, and customs paperwork ahead of time yourself to avoid additional fees from third-party services if you are capable.
• Tax Considerations: Understand tax implications at your destination and plan accordingly to avoid unexpected taxes. Some countries charge taxes only for people living a certain number of days on their soil, so consider ways around these laws. Consult a tax expert to do this legally. 

9. Budget for Unexpected Expenses

• Emergency Fund: Set aside a solid budget of at least 10-15% of the total move cost for unexpected costs or delays during your international move that will require you to spend more.
• Currency Exchange: Be aware of the exchange rates and consider the best timing for converting money.
• Temp Housing: Arrange affordable temporary accommodation upon arrival until you find a permanent home and until your shipment arrives.

• Network with Expats: Join expat groups and meetings and social media groups to get tips on budgeting and living in your new destination.
• Negotiate Fees: Negotiate fees with international moving companies and providers to get the best deal possible. Don’t be afraid to ask for a discount.
• Budget: When you build the budget try to research what categories outside of the usual should be included in your thought process. (For example in Indonesia you need to budget for ceremonies of the local religion to bless your land and villa). 

Moving internationally on a limited budget requires proper planning, research, creativity, and flexibility. Take into account currency rates, movers rates and times of moving, and tax considerations when planning it all out. By following our tips and budgeting ahead, you can minimize costs and surprises while ensuring a successful relocation abroad. We wish you the best of luck on your new adventure!