Analysis & Features

How to build a financial plan when living abroad

The experience of handling more money can be exciting for migrants who secure promising economic opportunities such as better paying jobs and new business opportunities in their host countries. However, having more money to spend on oneself and loved ones comes with added responsibility. Increased income often results in new obligations such as taxes, insurance, investments, and remittances to family and friends back home. That’s why having a financial plan is important. [c]