10 Top Tips for Moving Overseas Cheaply

So, when is the best time to buy plane tickets? Purchase your tickets for short-haul flights at least seven weeks in advance. Long-distance flights should be booked at least 18 weeks in advance.

Book your flight on a Sunday if possible, and avoid booking in the middle of the week. Wednesdays are notorious for being the most crowded and expensive day to fly.

Flying during off-peak seasons, if possible, is another way to save money on your ticket. The period immediately following New Year’s Day or in early autumn is usually considered off-season.

5, Handle Your Finances Now

Don’t think that moving abroad will make your finances easier to manage. If anything, you’ll need to take more steps to prepare your finances. You don’t want to lose access to your funds at the worst possible time.

We recommend contacting your bank or financial institution and informing them of your plans to relocate abroad. You’ll also need to change your address with your bank so that your account isn’t flagged down as suspicious.

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You should inquire with your bank about signing up for online bill payments and also the possibility of international wire transfers.

You should also consult with an accountant about your taxes. Unless you renounce your citizenship, you must still report your earnings to the IRS and pay taxes as a US citizen.

You must notify your government of your intention to relocate abroad. Many governments require you to fill out additional paperwork before you move in order to establish your new address and tax status.