inhisarms17
New member
EDIT thank you so so much everyone for your helpful and honest advice, i think I am overthinking this, i plan to still return in a better position than I’m in now so that’s a win! I only have 2 years left in my 20s so I’m going to go for it! Thank you again
Hi everyone
Would really appreciate your tips/thoughts/opinions on my current situation
I’m a 28yo female looking to do my OE and spend the last couple of years of my 20s in London!
I’m just hesitant due to my financial situation and would love your advice
I am planning on leaving early July, at this time (including my KiwiSaver) I will have around $94k as well as a $4400 travel fund
However.. I need to purchase flights, luggage, new phone, visa + take over a buffer before my first pay check in London
I plan to secure a job before I move over so I’m not just spending through all of my savings. I plan to do a little travel beforehand which my travel fund will cover
At this stage it looks like I’ll be going to London w roughly only $88k (incl KiwiSaver)
If I can save $350 p/w, that is $36k in 2 years
I should be returning at 30yo in 2 years w $124k to put towards a house deposit
I believe my parents will give me about 10k towards this, and hopefully I’d buy with someone (either partner or my brother)
Atm I make 95k in NZ and save $700 p/w, so I’ve accepted I won’t be saving nearly as much in London hence the $350 only p/w. (already a lot of research and talking to others which gives me the estimated $350 p/w savings figure)
Does this sound like a good idea, or should I give it more time so I can get more money behind me? I really just don’t want to come back at 30 regretting anything. If I stay in NZ I know I could save a lot more and would spend a lot less. Anyone been in a similar position? I would also hope to make more in London (ideally)
Hi everyone
Would really appreciate your tips/thoughts/opinions on my current situation
I’m a 28yo female looking to do my OE and spend the last couple of years of my 20s in London!
I’m just hesitant due to my financial situation and would love your advice
I am planning on leaving early July, at this time (including my KiwiSaver) I will have around $94k as well as a $4400 travel fund
However.. I need to purchase flights, luggage, new phone, visa + take over a buffer before my first pay check in London
I plan to secure a job before I move over so I’m not just spending through all of my savings. I plan to do a little travel beforehand which my travel fund will cover
At this stage it looks like I’ll be going to London w roughly only $88k (incl KiwiSaver)
If I can save $350 p/w, that is $36k in 2 years
I should be returning at 30yo in 2 years w $124k to put towards a house deposit
I believe my parents will give me about 10k towards this, and hopefully I’d buy with someone (either partner or my brother)
Atm I make 95k in NZ and save $700 p/w, so I’ve accepted I won’t be saving nearly as much in London hence the $350 only p/w. (already a lot of research and talking to others which gives me the estimated $350 p/w savings figure)
Does this sound like a good idea, or should I give it more time so I can get more money behind me? I really just don’t want to come back at 30 regretting anything. If I stay in NZ I know I could save a lot more and would spend a lot less. Anyone been in a similar position? I would also hope to make more in London (ideally)