Moving to a new city can be an incredibly exciting time and the start of a new chapter in your life. It can also be daunting, particularly if it is somewhere that is more expensive than where you had previously lived. If it is, you will need to change your spending habits in order to manage and lead a comfortable lifestyle. It can be quite a shock to the system at first when you move somewhere with a higher cost of living, but there are a few basic tips which should help you to manage and start to build a comfortable new lifestyle.

Use A Jam-Jar Household Budget

First, you need to create a new household budget, and so to do this, it is a good idea to adopt the jam-jar household budget where you put a certain percentage each month into different “jars.” A good example of this is the 50/30/20 rule, where 50% goes on essentials like rent and food, 30% on debt clearings/savings, and 20% on non-essential spending (you can always adjust the percentages for your needs).

Take Out A Loan To Manage Early On

It could be a good idea to take out a personal loan when you first move so that you can cover the various costs of moving while also giving you a cushion while you find your feet. Check out Personal loans to suit you! – Simple Personal Loans can provide quick and easy access to money, which will be useful while you adjust to life in the new city and start to find the best ways to make savings.

Research The Best Places To Shop

You can always make huge savings on your spending when you shop at the right places. This is why it is a good idea to research online to find more affordable places or even ask your new neighbors if they have any recommendations for places to find affordable groceries.

Cook From Scratch & Make Your Own Lunch

Leading on from this, food is a major yet essential cost each month but also an area where you can make big savings. In addition to finding affordable supermarkets, you can also make big savings by cooking meals from scratch and making a packed lunch to take into work.

Reconsider Owning A Car

If you own a car, you might want to consider whether or not you actually need one in the new city. Most cities have excellent public transport or places that will be easily accessible by walking/cycling. Keeping a car on the road is hugely expensive when you consider insurance, fuel, tax, and maintenance costs, so this could free up a huge amount of money each month if you go without.

Limit Meals & Nights Out

When you move to a new city, you will want to enjoy all that it has to offer by going to restaurants, bars, and cafes. While you certainly should enjoy what it has to offer, you also need to limit these expenditures and make sure that you are visiting places that you can afford.

Keep these tips in mind when moving to an expensive new city, and it should help you to manage the increase in costs while building a comfortable lifestyle.