Is The City Of Your Dreams Too Expensive?

Mumbai City of Dreams

Good things come to those who work hard. Let’s say you’ve been working for a long time, made all the right moves and talked to all the right people. Now, at long last, you’ve gotten the opportunity to move to the place you dreamed of heading to.

Yes, the city you daydreamt about when you were going through the monotony at work.

The city that you keep looking at images and videos from.

Yes, that city. Awesome, right?

Probably, yes. But wait just a minute. Before you pack up and leave, there’s a few things you should consider.

1. What’s your salary going to get you in your new city?

Even if you aren’t moving to a different country and have to calculate expenses in a different currency, the same salary in different places could make for completely different lifestyles. Yes, that’s a lot of “different”. But it bears repeating.

Some cities, and by extension, different parts of the same city cost more to live in. if you’re in the suburbs of Mumbai for example, expect to spend a LOT more than you would if you were living farther away from the city.

2. What will it really cost you to move?

When you’re shifting base, you have to consider a lot of factors that will affect the quality of life you could enjoy on your current income.
• The cost of owning or renting a home.
• The cost of food and groceries.
• The utility costs.
• The taxation differences, if any.

As you can see, these costs can quickly add up if you aren’t diligent. Make sure your current income will be able to tide you over in the new place.

3. How will you make your way around?

You should consider the cost of transporting yourself around to and from work, shopping, social engagements and any other locations or commitments you need to keep. Are you going to buy your own vehicle? If so, what are the fuel costs like? How much does parking cost? How much does it cost to take the bus or a cab to work every day?

You need to answer all of these questions satisfactorily when you are contemplating a move.

4. What will you do in case of an emergency?

If you’re living with your family and have a circle of friends who live close to you, you might be underestimating the convenience of your situation. When you move to a new city, who are you going to call if something goes wrong? If you’re sick or hurt or need help, is there someone you can contact? Who do you call if you need something fixed, like a leaky faucet or a faulty electrical outlet?

Make sure your plans include contingencies for when things don’t go as you expect them to.

Moving to a new city is more complicated than you might have initially expected. You have to adjust to a whole new environment, unfamiliar living conditions and people you don’t know yet. If you’re unprepared, you might regret the move. Make sure you are mentally and financially prepared to relocate. However, if you’ve made the necessary arrangements, moving to your dream city will be one of the most rewarding experiences of your life.

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