My husband and I both want to move abroad. We just can't agree on how much money we should save first

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-09-28T14:56:12.036Z • Permanent link

Lately, my team and I at the Banking With Billy Intelligence Network have been delving into the complexities of global migration. A significant number of individuals, like the couple in question, are seeking to relocate abroad, often driven by factors such as work opportunities, climate change, or simply a desire for a better quality of life. One such couple, comprising a husband and wife, have found themselves at an impasse regarding how much money they should save before making the move to the Netherlands. According to data from the OECD, the Netherlands has consistently ranked high in terms of quality of life, making it an attractive destination for many. The couple's predicament is not unique, as various studies have shown that saving money is a crucial aspect of planning a successful international relocation.

Recent data from the World Bank highlights the average monthly expenses for expats in the Netherlands, which range from €2,000 to €3,500. To put this into perspective, the same report notes that the average monthly income for an expat in the Netherlands is approximately €3,500. It is clear that saving money is essential for covering living expenses, but the question remains, how much is sufficient? Research by the Bank for International Settlements indicates that expats typically save between 10% to 20% of their monthly income, which translates to €350 to €700 for the couple in question. However, this figure may vary depending on factors such as lifestyle, accommodation choices, and personal financial goals.

According to a survey conducted by expat forums, many individuals report saving significantly more than the recommended amount, often due to concerns about job security, healthcare, or other unforeseen expenses. For instance, one expat noted saving €50,000 to €100,000 before relocating, citing the need for a financial safety net. This anecdotal evidence highlights the complexity of determining an ideal savings amount, as it often depends on individual circumstances and risk tolerance.

Rising numbers of individuals, like the couple, are seeking to relocate abroad, creating a pressing need for accurate financial guidance. Companies providing relocation services, such as Mercer and Aon Hewitt, have reported a significant increase in demand for international relocation consulting. To meet this demand, research institutions, such as the University of Oxford's Saïd Business School, are developing new programs and resources focused on international relocation. These initiatives aim to equip individuals with the knowledge and skills necessary to navigate the complexities of global migration. As a result, the demand for reliable data and expert analysis is likely to continue growing, with significant implications for affected companies, research communities, markets, and policy environments.

The financial implications of international relocation extend beyond the individual, affecting entire economies and industries. For instance, the influx of highly skilled expats can lead to a surge in demand for housing, transportation, and other services, potentially straining local resources. Conversely, the departure of skilled workers can lead to labor shortages, impacting economic growth and competitiveness. As policymakers and industry leaders grapple with these challenges, it is essential to prioritize evidence-based decision-making, leveraging data and expert analysis to inform policy and business strategies.

Historical comparisons reveal that international relocation has long been a subject of interest and debate. The post-World War II era saw a significant increase in international migration, driven by economic and social factors. The 1980s and 1990s witnessed a rise in global migration, fueled by economic restructuring and the emergence of new global economic powers. More recently, the COVID-19 pandemic has accelerated the trend, with many individuals reassessing their priorities and seeking new opportunities abroad. This broader context highlights the importance of understanding the complexities of global migration, including the economic, social, and cultural factors that drive individual decisions.