Published 13th August 2018

Your budget for going abroad

Congratulations! You are now a qualified TEFL teacher. Now, with your certificate from The TEFL Academy you can start your adventure abroad. This blog gives you advice on how to budget for going abroad.

You might already have a job offer. Or, you’re planning to look for a job when you reach your destination. Whatever you’re going to do you need to have enough money. You’ll need to budget for going abroad. Most private language schools pay on a monthly basis, so budget for at least 6 weeks living expenses to be comfortable.

Your budget for going abroad – what you’ll need to save up for:

Accommodation When You Arrive

Even if you have a job, you might need to look for accommodation once you arrive. So, your budget for going abroad will need to include a hostel or a hotel until you find somewhere. Have a look on the Internet at how much holiday accommodation costs where you’re going. Budget for around a 10-day stay. That will give you enough time to have a good look around.

Permanent Accommodation

When you’ve found somewhere you will probably have to pay a month’s deposit. Therefore, you’ll need the cost of the rent to your budget for going abroad, plus, another month on top.

Getting to Work

If you don’t live within walking distance, you will have to budget for transport costs to get you to work and back home. You might use a bus or tram. In some countries getting about on a bike is easy to do. Find out how much a second-hand bike will be. It will not only save you the costs of public transport, but it will get you fit too.

Shopping

You’ll need to bring money with you for provisions from the time you arrive, until you get paid. Eating local food will be cheaper than looking for the food you’re used to at home. If you are going to Thailand for instance, you’ll find the cost of living is fairly cheap. Do some research on the Internet before you leave home to find out the cost of basic foodstuffs, so that you’ll have an idea before you arrive.

Communication

Find about sim cards before you go. You might be able to get one that will cover international calls at a cheap rate. If you want the Internet in your apartment your budget for living abroad will need to include enough money to pay for the first month, plus any costs for installation.

Emergency Fund

Remember to include some money in case of an emergency. It should be enough to pay for a flight home, but it would be better if it was a least one month’s salary.

Make a list so you don’t forget anything. Remember:

  • Temporary and permanent accommodation
  • Getting to work
  • Shopping
  • Communication
  • Emergency fund

Once you’ve decided how much you need to take you can start to organise the rest of your trip.  We hope this blog helps in planning your budget for going abroad.