It’s happening. You’re moving to a new country– a new way of life. Now you’ve got to plan everything– from housing to transportation and more. You’ll have little time to yourself over the next few months, making arrangements and dealing with curveballs. The best thing you can do when transitioning to a new country is to plan. With all the planning going on, it can be easy to forget about your finances (possibly the most important part). So we’ve compiled a list of Do’s and Don’ts of expatriate finances for you to keep handy.
Do: Have a Backup Plan
Living in a new country is a new territory and you may not have the financial support system you once had in the US. For this reason, create a backup fund. Consider making a fund in a bank at home that has international support. You may have a language barrier, so a backup plan is crucial. Make sure your bank will be able to assist you internationally if the need arises.