British Expats

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-   -   Help with finances (https://britishexpats.com/forum/australia-54/help-finances-467337/)

Molko1974 Jul 19th 2007 10:51 am

Help with finances
 
My parents are looking into coming to Australia but are worried they can’t afford to. They would sell their house and have some savings. Is there a website that can help with working out their finances? They don’t think they can afford to live each month and not sure what is best with regards to their money. Do they transfer over money each month to get by? Can they possibly live off the interest from the UK or interest in Australia? Just not sure what’s best to make their money work for them.

Australia_bound? Jul 19th 2007 11:04 am

Re: Help with finances
 

Originally Posted by Molko1974 (Post 5076705)
My parents are looking into coming to Australia but are worried they can’t afford to. They would sell their house and have some savings. Is there a website that can help with working out their finances? They don’t think they can afford to live each month and not sure what is best with regards to their money. Do they transfer over money each month to get by? Can they possibly live off the interest from the UK or interest in Australia? Just not sure what’s best to make their money work for them.

Hope you've looked into this as can't just move to Australia unless have correct visas etc!

Would suggest paying for professional advice?

Molko1974 Jul 19th 2007 11:16 am

Re: Help with finances
 

Originally Posted by Australia_bound? (Post 5076745)
Hope you've looked into this as can't just move to Australia unless have correct visas etc!

Would suggest paying for professional advice?



We have been speaking to the agents who we used and have been given the total fee’s which is a big lump sum from their money but now they are worried that they won’t be able to afford to live here. My aunt sent them a list of their outgoings and this has worried them. My dad is retired, my mum is happy to find part time work and my sister who is applying as the last remaining relative won’t be able to work to start with.


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