16 Oct 2024
Do you know being an expatriate Nigerian in Poland is full of benefits and enjoyment, however, being financially oriented i.e. daily expenses and amount for making an online money transfer from Poland to Nigeria may be complicated. Many Europeans struggle to make ends meet due to the constantly increasing cost of living and thus, cutting one’s expenses is for anyone who wants to get more financially secure.
However, the prices in Poland are considerably lower – even according to the PEP and Numbeo – at 48.7 % lower in comparison with the United Kingdom, while it is still possible to save a significant amount of money if approached correctly with the budget. For Nigerian expats, therefore, mastering ways of spending money in a day is the greatest expense in the possibility of utilizing and transforming the amount that one can save and invest in the long run. So in this blog, let’s look at some realistic ways of cutting expenses as a daily expenditure and saving some money while Living in Poland.
Budgeting can be regarded as the backbone of every financial strategy. If you are employed, a student, or both, having a record of the income earned and expenses incurred in a foreign country is necessary.
To create this and similar budgets, it is necessary to determine the goals you aim at and what objects are worth dedicating money to. It is essential to segregate the categories like food, shelter and other basic needs from the luxury spends like movie tickets or eating outside, etc. When you envisage your monetary concerns or wants in precise, this can assist you well in managing your funds, such that you can budget adequately for savings and be able to send money online to Nigeria from Poland to relatives back at home.
Anyone can find numerous ways of streamlining expenditures in the era of digital technologies.
To budget effectively, there are a lot of apps in Poland that can be used, including YNAB (You Need A Budget) as well as Mint. These apps enable a user to track income, track expenses throughout the day, and even create budgets to avoid spending beyond a specific limit.
The advantage of rebalancing your ordeals is that you’ll be able to notice where you can lessen or reduce your spending. Besides, it is easier and more convenient to budget with the help of these applications and stay with your chosen financial plans.
Bargain hunting or considering things on an impulsive basis can easily lead to a budget being blown. The novelty of living an expat life may lure you into shopping for items you do not require. But, as usual, keeping oneself disciplined is very important. Another rule of thumb is to discern at any given point of making a purchase if the purchase is really necessary. If you avoid such unnecessary expenses, you can balance your finances and prioritize such aspects as saving money and remitting it to Nigeria.
Poland offers quite a large number of websites and applications to compare prices and search for special offers regarding absolutely everything, beginning with groceries and ending up with gadgets. Ceneo, Pl is an application that is useful when searching for differences in prices to save the maximum amount to send money to Nigeria from Poland whereas for the daily offers on entertainment and eating out, there is Groupon. This is perhaps one of the greatest challenges people face when trying to find deals because taking time to search means you will be saving a lot of money in the long run.
Eating is an inevitable necessity now that occupies a significant portion of anyone’s weekly or monthly expenses, although people can easily save some bucks on it without significant loss of quality or choice. Here is a list of strategies that have been tested and can indeed help one who wants to cut down their grocery bills while in Poland.
Purchasing in large quantities can save more money than when one purchases in small quantities. Some supermarkets like Makro and Auchan in Poland have sections where you can buy your grains, rice, pasta, and canned foods among other products in bulk at slightly cheaper prices. Purchasing in large quantities is a sure way of avoiding the inconvenience of having to go to the store day in and day out while at the same time giving you the best value for your money.
People who eat out often will find that they will end up spending so much. It costs much less to have meals at home and with little innovations, one can make very delicious Nigerian meals with vegetables found in the market. They are cheap sources of fresh items and other adjacently stationed ingredients that can help you prepare your choice of Nigerian meals, including jollof rice or egusi soup and save more money to send money to Nigeria from Poland.
When you cook for yourself, you not only spend less, but you also understand what you are putting in your mouth. It can result in making better choices of foods, especially to improve your overall health as you continue to pay lower prices for your food.
Most supermarkets and stores in Poland will have a loyalty program that will compensate you for your purchases. Fresh Cut offers a range of cheap foods that can be bought in bulk by users of their supermarket loyalty cards, such as Biedronka and Lidl supermarket coupons. Make good use of these programs to gain the full benefits and make use of discount coupons on the products that you love.
Opening the list of the most effective ways to save money on groceries, one of the best steps is to minimize the amount of food that is thrown out. Some of the ways of reducing waste include meal planning, which helps one avoid buying something you don’t need and being smart with what one has is another. Stick to a schedule of consuming food and try to incorporate the leftovers in the subsequent meals where possible. It can also assist in working your grocery budget and avoiding waste due to impulsive shopping.
Transportation expenses tend to take a big chunk of the monthly expenses but there are a few strategies to consider to spend little money on transport in Poland.
Public transport allows you to do maximum remittances and to send money from Poland to Nigeria for families. Public transport, namely buses, trams, and trains, is well-developed and relatively cheaper than in other countries in Europe. However, avoid taking a taxi or a ride-hailing service since they may be very costly; instead, take public transport. Daily consumers are unique, and likely, students or regular commuters would appreciate monthly or even annual reduced fares. For instance, someone who intends to visit Warsaw and travel often will pay a lesser amount of money if they use the city card known as the Warsaw City Card.
If you have to use a car, try to share it with other people or use ride-sharing apps. Some of these include; BlaBlaCar, where drivers and passengers traveling in the same direction share the cost of fuel and tolls. This is a good way to reduce transport costs, especially when traveling long distances to other towns and countries.
Cycling is better for the environment than walking or having a car and also requires fewer resources to ferry you to your everyday destinations. There are quite several bike-friendly cities in Poland, meaning that getting a bike makes you use public transport or cars less frequently. Do not forget to glance through lists of safe cycling roads and buy good quality yet more affordable protective gear to make your venture safe and cheap.
If one frequently uses a bus, tram, or train, buying a monthly or yearly travel pass will save money. These passes are way cheaper than purchasing individual tickets for riding the trains every day. For example, a 90-day pass in cities such as Warsaw proposes a large ridership reduction for those who frequently travel by bus and tram.
So, living in Poland as a Nigerian expatriate does not mean being a slave to daily bills and all the time worrying about making an online money transfer from Poland to Nigerian for your loved ones. But by being careful and adjusting a few aspects of your life, like budgeting, grocery shopping, and traveling, one would be able to make some considerable savings. Starting with saving on groceries and eating out, using apps to track your expenses, and reconsidering the way you travel – every small step helps to become financially stable.
Start managing your finances today by incorporating these actions into your life, and you’ll see how your savings multiply. While cutting operations costs, be sure to repay money to your loved ones in Nigeria through a secure and cheap ACE Money Transfer platform.
Pay bills on time and learn to set simple budgets with the help of the best money management applications such as YNAB or Mint.
Buy in bulk, prepare food at home, and apply vouchers and loyalty cards.
Walk, take public transport, share an automobile, hire a taxi, or even consider the acquisition of a bike.
Yes, there exist some applications for instance the YNAB as well as the Mint that assist in tracking expenses.
To transfer funds cheaply and securely to Nigeria use ACE Money Transfer. You can use multiple digital platforms for this purpose but ACE Money Transfer is the best option to send money at cheaper & friendly rates.
