Money Management Tips Before You Become an NRI


Bangalore: With the mounting economic instability and lack of job satisfaction, most of young employees dream about going abroad and brick a better career.  Ma Foi Randstad's Workmonitor Survey 2011 - Wave4, a periodical assessment of 'mental mobility status' of employees states that about 60 percent of the employees with higher qualification opt to move to abroad for better suited jobs, stated Business Standard.

But deciding and moving out of the country is not a duck soup. One needs proper planning and most importantly a strong financial backup to face any adverse situation. Here we list 7 important money moves which you should consider for living a healthy life, while abroad.

1. Money Is Precious

Money is precious, easy to spend but hard to earn and therefore you should think more of saving. In a country where you will be a complete alien, it’s very important to have proper financial backup. Many may already have a job in hand and then decide to go abroad, while most move to other countries and then look for jobs. In such cases you need to save an adequate amount which can meet your expenses for at least 6 months. You need to have sufficient fund for other things too; save for emergency, save for a down payment for a house, etc. Therefore the first money move is to save money and have a sufficient bank balance.

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