The amount of money you should save before moving to Australia depends on your individual circumstances, such as your lifestyle, desired location, and the type of visa you are applying for.
Factors to Consider:
- Visa Type: Some visas require you to demonstrate sufficient funds to support yourself while in Australia.
- Living Costs: The cost of living in Australia varies greatly depending on the city and lifestyle.
- Initial Expenses: Factor in the cost of flights, accommodation, and other initial expenses.
- Emergency Fund: It's recommended to have a safety net for unexpected costs.
General Savings Guidelines:
- Short-Term Stay: If you're planning a short-term stay (e.g., a working holiday visa), you should aim to save enough to cover your living expenses for at least the first few months.
- Permanent Residency: If you're planning to move permanently, you should aim to save enough to cover your living expenses for at least six months.
Resources for Estimating Living Costs:
- Numbeo: This website provides cost of living comparisons between cities. https://www.numbeo.com/
- Expatistan: This website offers cost of living data for various cities in Australia. https://www.expatistan.com/
Tips for Saving:
- Create a Budget: Track your income and expenses to identify areas where you can save.
- Cut Unnecessary Expenses: Reduce spending on non-essentials.
- Find Side Hustles: Explore additional income sources.
Remember that saving for a move to Australia is a personal journey. The amount you need to save will depend on your individual circumstances and goals.
