28 Oct 2024
As we know, living in a new country is always fascinating, but it can be financially exhausting in most cases i.e. send money to Nigeria from Belgium. To some people, this may not be much of an issue, but for Nigerian immigrants living in Belgium, which is one of the wealthiest nations in Europe, it can be a tough nut to crack. In the list of cheap countries, Belgium occupies only 116th place: the cost of living in Belgium is 39% higher than in Nigeria, and the cost of housing is 72% higher merely for rent. Although Belgium is one of the best countries to live in, most Nigerian refugees face hardships in their daily lives.
But do not panic—there are such strategies that let you not only build a life in Belgium but also start the process of profiting in case the desire appears, without the necessity to deepen pockets to the bottom. Whether you need to cut your electricity bill, feed your family for less, or transfer cash overseas effectively, this blog provides useful advice and recommendations related to ACE Money Transfer and how you could save some cash with every transfer. In today’s economic climate, it is more important to reduce your costs to ensure you can send more money back home.
The cost of housing is relatively high and can be considered to be among the most significant initial costs, which can make it quite challenging to send money online to Nigeria from Belgium when it comes to living in Belgium. The current average cost of an apartment in Brussels can fall between 900 Euros to 1,500 Euros depending on the area, the size, and the other conditions. It, however, will interest you to know that you can easily cut your rent bill down to a minimal level and save more, even if you have to live on the outskirts of the town or even if you choose to share an apartment. Try to read things like Ghent, Liège, or even small cities with connections to large cities.
Also, depending on the Belgian local authority’s requirements, consider the social housing schemes that have been developed to offer cost-effective accommodation for low-income occupants. You can only spend a small amount of money on rent by seeking the services of sites such as Immoweb or Zimmo to find rental offers and share accommodation with other students.
Eating is one expense that many of us have little control over and which can easily put a big dent in one’s budget. Lidl, Aldi, and Colruyt are some of the supermarkets that stock what one might call daily necessities at cheaper prices. Groceries, of course, would cost approximately €200 to €300 per month in total, but you can decrease it by buying in bulk or from specific markets like local markets.
The other way of cutting down expenses and saving more money to send money to Nigeria online from Belgium is not going for meals in restaurants. €15-€20 consumption in a cheap or average restaurant may cost one, while preparing an equivalent meal in the comfort of your own home will save you up to half the price. Make a weekly meal plan and create a list of groceries that you need rather than grabbing something you don’t need.
Public transportation in Belgium is well developed and for those who are going to become residents, it will considerably save money on transportation. Public transport participants who use buses, trams, and trains use monthly passes, the cost of which ranges from €50 to €60. If you reside in a city with well-developed cycling facilities, cycling is not only healthier but also does not attract any cost.
For all those who require using a car, they should share the car, or share a ride, especially for long-distance traveling. Another feature, for example, BlaBlaCar is the ability to split the fuel cost with other passengers, which can reduce the transportation cost drastically.
Daily utilities (electricity, heating, cooling, water, garbage) will amount to approximately €150 per month in an 85m² apartment. To cut these bills one has to start practicing energy saving such as switching off appliances whenever not in use, cutting heat during the night, and using efficient bulbs and saving more to send money from Belgium to Nigeria.
To compare the cost of internet and mobile service providers, refer to providers such as Proximus, Telenet, or Scarlet. Most providers have bundled services, so you may find that your overall costs are fairly reasonable.
The creation of a budget is the first thing to do when you want to plan for your money. Record your daily and monthly expenses to know how exactly your cash is being depleted. There’s a YNAB (You Need A Budget) app or basic spreadsheets if the households do not want to hire a financial advisor.
Having an understanding of your spending habits or expenditure-shaping tool allows for setting proper financial goals. It does not matter whether you are saving for a holiday, a rainy day, or remitting money back home; the general idea is that having a plan makes it easy to manage your cash.
Here are the discounts you can get being a traveler to Belgium. Most supermarkets operate on a system where consumers are given loyalty cards that give one point that if they are redeemed they will be offered a huge discount. This is especially important during major shopping times such as Black Friday sales, or holidays.
As with Coupons, there are numerous things to do, places to eat and travel destination offers on the site as well. If you are a student or have kids in school, buy items and services. The places have special offers such as museums, theaters, and public transport. So, you can get entertainment and be able to money transfer from Belgium to Nigeria at the same time.
It’s a well-known fact that everyone needs good healthcare, but that shouldn’t mean it costs an arm and a leg. As per Belgium’s health care system, people need to be insured for health but the government provides a lion's share of its expenditure. Enroll in a health insurance plan as soon as possible to get the best plan that you can use to meet your routine and emergency health needs.
When seeking any non-emergent care, non-specialists are cheaper than specialists when seeking healthcare. Also, most pharmacies provide cheaper and substandard versions of medications than the branded generic ones.
Remitting money to Nigeria remains a topmost need for many Nigerians domiciled in other countries. But transferring money cross-border can be very expensive, taking its toll on your money making. That’s where ACE Money Transfer comes in handy, ACE gives its clients a secure way of transferring money to Nigeria with competitive exchange rates and low charges.
If you are to use ACE Money Transfer, some features make it possible to have you feel that more of your money gets to the family and helps pay some bills back at home without being discouraged by the many charges.
Try to save in other currencies especially if you frequently transfer cash back home to Nigeria. Banking both in Euros and Nigerian Naira is still possible and may save from fluctuations.
Long-term financial security can be another name for self-employment. Belgium has a good number of low-cost training courses and educational choices. Such investments range from learning a new language, enhancing your professional skills, and even advancing your education, which, upon gaining, you earn more in the process.
ACE Money Transfer can help you realize your dream of getting a degree online by making sure your tuition fees reach the institution in other countries as quickly and cost-effectively as possible.
Community contact can be used to seek fellowship as well as financial assistance from fellow citizens in this country. It is a tradition that many Nigerian communities source their information on affordable housing, job vacancies, and other valuable economic information. That means getting involved can lead to access to shared resources, such as the pooling of resources for group purchases or even common references for group accommodation.
ACE Money Transfer does not only provide money transfer services but also has other additional services. The good news is that with the help of its financial tools and tips, you will be able to find out more about how you can improve your financial status, keep track of your spending, and forex signals on planning for the future. Use ACE’s affordable way to make remittances and access vital financial information to keep you financially savvy.
If you live in Belgium, you do not have to be a nervous wreck and worry that your bank accounts will be empty and there will be no amount for online money transfer from Belgium to Nigeria to Nigeria back home. When it comes to the cost of living, being wise in financial spending, and making good use of discounts and affordable services such as ACE Money Transfer, Nigerian expatriates hence save big in Belgium. The above-mentioned approaches will not only enable you to control your expenditure at present but also prepare you for a financially stable future.
Change your financial future today. However, with ACE Money Transfer, your housekeeping, local expenses, and remittances are conveniently inexpensive, and every single Euro that you will work for must be fruitful. Begin to use ACE Money Transfer today and belong to those who increase their money and protect their close ones’ financial status in Nigeria.
Eschew large city centers for shared apartments and select minor cities where social apartments are feasible.
Avoid expensive supermarkets and markets, go in for branded but inexpensive products, and eat out.
Commuting can also be done using public transport, by cycling, or by using a carpool to reduce cost.
Choose ACE Money Transfer for favorable charges and reasonable charges on exchange rates.
Reduce expenses and set apart money, build up the skills necessary for career success as well and use resources of a community.