29 Jan 2025
Out of all European member states, Poland is generally considered quite affordable, considering the overall cost of living. It has become a popular destination for many immigrants worldwide, including Indians. Indian immigrants live and earn a reasonably good livelihood in Poland, and they also make a money transfer from Poland to India regularly.
While it is a beautiful country offering a great new European experience for Asians, you must not forget to build smart money-saving habits in Poland. For this purpose, you may equip yourself with some practical money-saving tips that you can easily implement in your life immediately.
As an Indian migrant in Poland, every penny counts. Learn practical ways to save money, manage expenses, and make the most of your earnings in a new country.
The cost of living in Poland is generally cheaper, but there is always a difference between the costs depending on your exact location in Poland and your lifestyle. Let’s take a look at some major monthly expenses.
If you rent an apartment in a big city, the rent might be a bit higher compared to housing that is a bit far from the city centers. Choosing to share an apartment could help you reduce your spending on rent, too. For example, an average apartment in Warsaw will cost around 2,200 PLN, and a flat in some big cities could cost about 400 PLN. You could also use platforms like OLX and Gumtree Poland to check out various options.
Do you know how you can save on your remittance transfers to India from Poland? It’s simple - use the ACE money transfer app that several other Indians trust for their remittance needs. The company offers low transfer fees and competitive rates, through which you can avoid hidden costs and add more value to your money.
Utility bills can get pretty costly, especially in winter, so you must watch out for them during colder months. Reduce your electricity and heating usage and consider using energy-efficient appliances instead. Try switching to LED bulbs as they consume much less electricity. Although these tips may sound insignificant, they’ll help you save a lot, letting you send money online to India from Poland even after paying all your bills.
Try to avoid buying from high-end grocery stores; instead, try grocery stores like Auchan, Biedronka, and Lidl. Also, try buying groceries in bulk for non-perishable goods because that can save you a lot of money. Dining out too much can make you burn through cash, so try prepping meals for the week at home to avoid those costs.
There are plenty of ways you can save money on transportation in Poland. You could carpool with your colleagues or students to save on fuel costs. You could also use public transportation since Poland’s transportation system is relatively well-developed. Also, there are student discount cards and monthly or seasonal passes you can buy to save up even more on your daily commute.
For instance, a monthly transportation card with student discounts can cost you around 15 to 20 dollars.
Many Indian expats in Poland have one regular expense in common, i.e., they send money to India from Poland. Believe it or not, there are ways to save up on those money-eating upfront and hidden transfer fees, too!
Traditional banks are a secure option for remittance transfer, but the transfer fees tend to be quite high, and you might need to do some dreaded paperwork for it. This is why digital remittance solutions are becoming quite popular among immigrants who want to send remittances without having to make much effort. These digital web platforms and apps, like ACE Money Transfer, offer lower fees and competitive conversion rates, too.
Read about changing remittance trends in India here!
You should know that sending remittances exactly when the exchange rate is in your favor is quite an effective way to maximize the value of your hard-earned money. It may seem tedious, but keeping track of exchange rates is relatively easy in the online world!
Always send money less often and in greater quantity. If it isn’t an emergency, try sending more money less often so that you don’t have to repeatedly pay for the transfer costs. This will keep your remittance money from being eaten away by transfer fees.
Once you make these controlled and informed financial choices, you can significantly live a financially stress-free life in Poland. These tips will help you keep your budget under control so you can send money from Poland to India without much hassle. Try the ACE mobile app for quick, safe, easy money transfers everywhere!
Sharing an apartment with roommates or other migrants can reduce rent costs significantly, especially in major cities.
Yes, stores like Lidl, Biedronka, and Auchan offer affordable groceries with regular discounts.
Be mindful of energy usage, invest in energy-efficient appliances, and consider switching to LED bulbs to reduce electricity costs.
Apps like Mint or PocketGuard help track expenses, set financial goals, and categorize spending for better money management.
Digital remittance platforms like ACE Money Transfer often offer competitive rates and low fees to make an online money transfer from Poland to India.
