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Money or lack of

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Old Oct 14th 2010 | 2:55 am
  #16  
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Default Re: Money or lack of

Originally Posted by christmasoompa
You can come back to the UK for up to 3 years after that if you wish to save more money before going over for good.

But you will need to have the proof of available funds when you land, before you can come back and save some more/ get cold feet.


Not sure what the position is now regarding taking out a morgage on existing property in order to show "available funds". I suppose without checking they would never know if it all went back to the bank two weeks later....

Last edited by iaink; Oct 14th 2010 at 3:11 am.
 
Old Oct 14th 2010 | 2:56 am
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Default Re: Money or lack of

Originally Posted by Oscardon
Is that 13.008 in Canadian or English money.

House prices have really dropped here at the moment and we will only get 15 or 20 grand equity. Because OH is self employed the house is a bit like a retirment fund and we were thinking of renting it out but only for a year as a security blanket, we are totally committed to coming out but also a bit skint. So do you think selling would be the best option.
If you're skint, and you also have a house to maintain, selling could be the safest option.

If you can afford potential repairs and void months with no tenants, then i'd say keeping it is an option.

What do YOU want to do?
 
Old Oct 14th 2010 | 2:58 am
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Default Re: Money or lack of

Originally Posted by Esab
...and always give 110%
Surely that's impossible
 
Old Oct 14th 2010 | 3:03 am
  #19  
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Default Re: Money or lack of

Originally Posted by jericho
Why is everyone saying the OP wont have a job for a year?
Originally Posted by iaink
Im not sure they are, its more of a "what if", and quite a sensible approach I would say, especially in the current economic climate.
What IainK said.

Not saying, and certainly not hoping, the OP won't have a job for a year but i imagine it wouldn't be pleasant knowing you had only 3 months from arriving to find a job, get the job, and have wages paid into your account.

I personally like to have a buffer "just in case".
 
Old Oct 14th 2010 | 3:08 am
  #20  
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Default Re: Money or lack of

Originally Posted by el_richo
Surely that's impossible
Ok Ok! lol Well let me rephrase that...I 'try'to give 110%
 
Old Oct 14th 2010 | 3:10 am
  #21  
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Default Re: Money or lack of

Im just trying to be practical and get as many opinion and options as possbile, it seems that we have been wroknig toward this for so many years and put so much into it and to fall at the last hurdle would be heart breaking.
 
Old Oct 14th 2010 | 3:25 am
  #22  
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Default Re: Money or lack of

Originally Posted by Oscardon
Im just trying to be practical and get as many opinion and options as possbile, it seems that we have been wroknig toward this for so many years and put so much into it and to fall at the last hurdle would be heart breaking.
Well the option of banking enough to cover the $13k or so for landing, then returning to the UK to continue working and saving as hard as possible for a year or two is still there.

Ultimately it comes down to your aversion to risk, and your lifestyle requirements, when in your current situation. In my opinion of course.

If money is an issue, and the lack of it is causing a rift, i personally think waiting an extra year or so to make the permanent move, saving as much as possible during this extra time and giving you some comfort and confidence could be a good idea.

Still, t'is up to you.
 
Old Oct 14th 2010 | 3:33 am
  #23  
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Default Re: Money or lack of

Genrally we tend to comunicate well and rarely argue, but I think we need some kind of master plan before it does become a major issue for us both.

At the moment Im buying a lottery ticket each week but unfortunatley we cant rely on that lol.

I think its time to take on a secound job.
 
Old Oct 14th 2010 | 4:16 am
  #24  
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Default Re: Money or lack of

Originally Posted by Oscardon
Genrally we tend to comunicate well and rarely argue, but I think we need some kind of master plan before it does become a major issue for us both.

At the moment Im buying a lottery ticket each week but unfortunatley we cant rely on that lol.

I think its time to take on a secound job.
We have a similar situation guys, we are now landed immigrants and due to the building trade I myself have been out of work for months, although I now have a full time job again, so nearly £2000 of our savings has now gone and we have until April next year when our tickets are booked. Our house needs to sell for its max price to give us the equity we need also so we are gonna be pushing it close.

If I were you I'd make my number 1 priority trying to get employment for when you plan on moving, that way the pressure on having funds is far less.

Good luck anyway guys
 
Old Oct 14th 2010 | 9:51 am
  #25  
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Default Re: Money or lack of

Money! It`s not a cheap thing to move to Canada GBP=$ is also not good..GL with your dream!
 
Old Oct 14th 2010 | 8:54 pm
  #26  
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Default Re: Money or lack of

Thanks people, we spoke last night and have decieded to just try our best to keep saving and take it as it comes, also not going to give up on our dream.
 
Old Oct 15th 2010 | 2:27 am
  #27  
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Default Re: Money or lack of

Originally Posted by Oscardon
Thanks people, we spoke last night and have decieded to just try our best to keep saving and take it as it comes, also not going to give up on our dream.
Good for you
Told the Mrs yesterday that we weren't putting our date of April/May back any further, sometimes you have to draw a line in the sand and just do it otherwise it never happens
 
Old Oct 15th 2010 | 8:56 am
  #28  
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Default Re: Money or lack of

So in the same boat as you all, I do not own a house so can not get a large amount of cash by a sale, we are trying to save like mad and hope to be in Canada the end of next year

But as one person mentioned on here we would like to have enough to cover us for a full year without work just incase. We have no kids, just the two of us and a dog
 
Old Oct 15th 2010 | 10:50 am
  #29  
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Default Re: Money or lack of

Originally Posted by el_richo
Me neither.

For the OP, if i were looking to jump ship before blagging a job, i'd carefully research the cost of living when factoring in:

Moving fees
Flights
Medical insurance
Rent
Bills
Food
Entertainment
Car
Insurance (Car/Building/Content)
Dental
etc
Etc

Then whatever you think you can live on, double it

Personally, as Alan2005 says, £10 won't last very long, in my opinion.
I completely agree with this.
 
Old Oct 19th 2010 | 5:16 am
  #30  
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Thumbs up Re: Money or lack of

My opinion for what it's worth, I don't think GBP 10,000 would last you very long. We've been here for 5 weeks and everything will cost more than you think.
We bought 2 cars, which with the insurance was $24,000. I'm sure you could get cheaper cars. I joined local Chamber of Commerce as you get 10% discount on car insurance. If you live in a main city you might not need a car but you could assume that your rent would be dearer. A 3 bedroomed house in Newmarket, ON was GBP (sorry no pound sign) 1200.00 a month. We needed 30% deposit for the house we're buying
I don't think you would get much change out of GBP 400.00 for your 1st 3 months health insurance for 3 people. The cost of shipping a 20ft container over here so far GBP 4000.00, they're starting to add bits on all of a sudden.
We're lucky as we are stopping with my nephew but you will go through a lot of money just running around. I'm fortunate that I was on a big show and took some money straight away as well wholesale sales but GBP 10,000 wouldn't last you long and if anything untowards happens you wouldn't have much in reserve to help get you by.
Sorry to be negative and others may disagree but thats our experience so far.
WARNING, leisure activities, we joined a good swimming club with 5 full time coaches for our 2 kids, boy 12, girl 8. Not to learn but to compete as they did in the UK, $6611.00 including meet fee's for 1 year. I thought the decimal point was in the wrong place !! Another $180 on kit day and then our son will be in Montreal for 4 days just before Christmas for a big competition, hotel fee's and spends, God knows what hockey must cost.
Good luck
 


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