7 financial rules to know before moving

The idea of ​​moving to another country attracts many, the goal may be to study, find a job, or want to experience a different culture. Such a journey brings not only a lot of new knowledge and acquaintances, but also incomparable emotions. But in reality, there is not much romance in moving, but there are many things to consider. And the most important thing is money.We have prepared for you a list of financial rules that you need to know before traveling.

Find out the cost of visa and passport

The first thing that everyone doesbefore moving to another country, - draws up a foreign passport and visa.It is worth remembering that visas for each country cost differently, and the cost of a passport in Russia for citizens over 18 years old is 5,000 rubles. So your travel spending list will start with these things.

Notify the bank

The easiest thing you can do financially before leaving for another country is to notify the bank. And also refuse those services that you will not use during the trip, and leave only the most necessary. The more thoughtful you are about this task, the easier and more carefree your new life will be.

Find out the cost of living

Most people make lists of things they want to do or try in a new country. But having arrived there, they understand that their budget does not allow them to eat, live and have fun the way they want. Therefore, it is worth compiling a list of approximate expenses, focusing on information about the cost of housing, food, trips to cafes and visits to cultural places. It is also worth remembering that some of the money will go to health insurance. And in case of an unforeseen situation, you may need medical assistance, which is notcovered by insurance.In this case, you should take care of a reserve of money for an emergency.

Understand how the exchange rate works

For international students andtravelers are, in most cases, on a budget. This is why the exchange rate can positively or negatively affect your purchasing power. Spending some time studying the exchange rate and understanding whether your country's currency is strong or weak will help you use your money wisely without worrying about it running out unexpectedly.

Explore the methods of international money transfers

Tuition fees at a foreign university are carried out through international transfers, but there are a number of problems that may arise. Firstly, many banks set huge taxes so that when transferring, you give part of your money to the bank only for transferring it from one account to another. Secondly, international transfers are often slow, which can create serious inconveniences in paying for tuition or living.

Many universities have their own policies and guidelines regarding tuition fees, and they also have counseling departments that anyone can turn to.Thanks to this, you can avoid financial problems.

Check your credit card policy

Not all credit cards are validabroad, just like at home. Before opening a credit card, find out if it can be used to make international transactions. You should explore as many credit card options as possible in order to find exactly the conditions that are perfect for you.

Don't forget about tips

Tipping is a must in the service industry in many countries, but it's worth remembering that it can vary. Having familiarized yourself with the tip etiquette of the host country, you avoid misunderstanding and sometimes rudeness on the part of the service staff.

So, for example, the size of the tipin America it can go up to 20%, while in many Asian countries it is not customary to tip and it can even be taken as an insult.