If you are set on relocating to a new city but the right job vacancy isn’t available, it’s still possible to take the step. Whether you’re a new graduate or experienced, moving somewhere without a steady income isn’t a walk in the park. Fortunately, there are some strategic steps that can make it easy and worthwhile.
To avoid expending your savings, you need to commit to making your job search your top priority throughout the moving process. You also need to consider living below your means, and learn the basics of budgeting.
Below steps you need to take to successfully relocate without a job
BE PRACTICAL ABOUT THE ACCOMMODATION YOU CAN AFFORD
Don’t overvalue how much you can spend on accommodations in your new city or town. If possible, stay with friends or family to avoid paying rent while job searching. Then, once you start apartment or house searching, you need to be honest with yourself about what you can afford. If you’re planning on renting, a rent budget calculator is an invaluable free tool.
CHANGE YOUR APPROACH
If you are an entry level candidate, you may wish to be ready to relocate at little or no cost. If you are an experienced candidate with an apartment, calculate your costs for breaking your lease or selling the home and the physical move.
Then work these costs into your overall financial decision making. Even if all of the costs may not be paid outright, a higher salary or a job with more opportunity for advancement may be more than enough to compensate for making the change in the long run.
BUILD YOUR SAVINGS AS MUCH AS POSSIBLE
To justify moving without a job, it’s helpful to have a solid safety net of savings. Set aside at least six months of living expenditures before you move. You need to have an emergency fund. It’s never been more important to be prepared to live without consistent earned income.
BECOME A BUDGETING MASTER
Though earlier mentioned, the first thing to do upon arrival in your new city is to calculate your monthly expenses. Essentially, you need to make sure your future projected income will be able to support your lifestyle. Your rent or mortgage payments, groceries, utilities, and other essentials will be key factors.
When you’re trying to limit spending, zero-based budgeting is often a practical choice. Regardless of the budgeting method you choose, it will feel great to take full ownership of your financial situation.
IMPROVE YOUR EARNING FROM VARIOUS SIDE HUSTLES
While you’re searching for a full-time position, it’s beneficial to have the security of earning some extra cash from side hustles and passive income ideas. It’s worth researching which types of online side gigs you can manage since they’re usually the most flexible and prevalent.
When you have multiple streams of income through low-effort work online, you won’t panic about paying your bills and won’t rush the process of finding the right career for you.
STUDY EMPLOYERS WITH AN OPEN MIND
Moving without a job waiting isn’t necessarily irresponsible, but you cannot expect a job to come up without putting in the work. Most importantly, be flexible and keep an open mind when researching employers and specific positions. Even if you don’t get your dream job, it will be useful to have a steady source of income sooner than later.
LEARN NEW SKILLS WHILE YOU’RE ON THE JOB HUNT
Use any spare time between applying for full-time positions and working on your side hustles to learn new skill and get new certifications. Make yourself a more attractive candidate in whatever way you can. This will ultimately help you increase your earning potential,
TAKE NETWORKING SERIOUSLY
Take full advantage of networking online. Through your digital networking, be sure to optimize your social media profiles, consider attending virtual career seminars and use all the best practices for online communication. Build your professional network and social currency on the web, and make the best of it to open as many future opportunities as possible.
Now that you are familiar with the above steps, keep researching. Do not just go on your preconceived notions about cities or parts of the country. Look up a variety of best cities lists online. Each city has its own set of positives and negatives. Broaden your horizons.
Leave a Reply