6 points to consider during a struggling economy

Always plan for the future to ensure there are successful transitions when required.

11:17 28 April 2013

Imagine the emotional stress of having to leave your country of origin and strike out in a place virtually unknown to you. Many people from Spain have had to do just that in order to seek places which are more economically stable. Since the economy is a global economy, people from many locations may find themselves in similar situations. Here are a few things to consider if you feel you are in an area that is struggling economically.

 

• Establish savings accounts—this should be first and foremost. If you do need to move, you’ll need to have some money saved up so that you’ll be able to travel and secure a place to live.

 

• Resume—have your resume updated and easily accessible.

 

• Search places online—much information is available online, you can try to find the average cost of living as it compares to your current location and also check available jobs. 

 

• Legal issues—moving out of the country may have ramifications you are unaware of. Check to see if there will be restrictions on your savings accounts, ISAs, or anything else like that. You may end up needing to take all of those out of the banks depending on the situation.

 

• Medical issues—ensure that you have met all the medical criteria in case you need to move. Immunization requirements are different depending on where you are from and your destination. Be prepared in the event that you are quarantined. 

 

• Travel papers—thoroughly check out what papers are needed to get into and out of the countries, otherwise you can get stuck in a legal system until you’re able to obtain the things you need. Also consider travel insurance that can help if certain important documents are lost or stolen. 

 

While savings accounts are the first step to ensuring that you hopefully won’t need to leave your beloved place of origin, there are sometimes extenuating circumstances, so being fully prepared is essential.