Practical Tips to Help you Save for Migration

If you had the chance to dive into last week's article on the compelling benefits of a dedicated migration savings account, you likely are already convinced of the many reasons why such an account is a game-changer for aspiring migrants. If you haven't taken the leap yet, here's your call to start your journey toward financial preparedness for migration today by downloading the Vesti App from Google Play or the App Store. Your unique Migration Savings Account awaits, ready to help you achieve your dreams. However, merely downloading the app does only little in moving you towards your migration goal. The second step enacts your intention - and it is intentionally putting money into your Migration Savings Account now, and as often as possible.

In this week's article, we're delving deeper into how to save effectively for your migration. We understand that as a student, a 9-5er, or a recent graduate, the prospect of accumulating the funds required for a move can appear unreachable at first, potentially paralyzing you into inaction. It's a common feeling, and we empathize with you. However, we firmly believe that the only way to conquer that seemingly "huge" sum is by doing the following:

Set Clear Goals:?

Cliche, but probably the most important step you’ll take. Define your migration goals, including the timeline and financial target. Setting clear goals is a practical tip for saving for migration because it provides a tangible and motivating target. Knowing the specific amount you need to save and the timeline within which you aim to achieve it helps create a sense of purpose and urgency. It acts as a constant reminder of your migration aspirations, making it easier to prioritize saving over impulsive spending. These clear objectives also allow you to break down the overall financial goal into manageable, incremental savings targets, making the process more achievable and less overwhelming. Understanding your intended migration path is equally crucial when planning your journey. Whether you opt for the Education pathway, the O-1 visa route, the EB-1 visa route, the UK Tech Nation Visa route, or any other pathways, your choice profoundly influences your financial preparations. Knowing your migration route enables you to determine the required savings amount and the frequency of your contributions. This clarity empowers you to set achievable savings goals and paves the way for a more structured and successful migration plan.

Open a Dedicated Savings Account:?

Planning to migrate? Consider opening a Vesti Migration Savings Account exclusively for your migration fund. If you have the Vesti app, then you already have the Migration Savings account. The Vesti Migration Savings Account. It allows you to monitor your progress with ease, you can clearly see how much you've saved and how close you are to reaching your migration savings goal. Having a dedicated savings account like the Vesti Migration Savings Account ensures that the funds earmarked for migration remain distinct from your day-to-day expenses and makes it easier to track your progress. Get your unique Migration Savings Account when you download the Vesti app on Google Play or App store. What’s more? The Vesti Migration Savings Account allows you to make streamlined transactions on the app. Instead of making withdrawals to make payment for fees, you can pay your migration fees on the Vesti App. Pay for SEVIS fee, US visa fee, TEF, WES, IELTS, UK student visa and a lot more on the Vesti App.

Embrace clarity

Now, the third approach is to gain clarity on all the essential aspects of your migration plan that require prioritization. Often, people attempt to save for the entire migration journey right from the start, which can quickly become overwhelming and seemingly unattainable. To tackle this, it's important to break down your migration into manageable steps.

Begin by asking questions about the step-by-step process involved in your specific migration route and understand what needs to be addressed before other aspects. Inquire about timelines and deadlines to discern which expenses need to be covered immediately and which can be postponed. This strategic insight into what can wait allows you to allocate your time and resources more effectively toward your migration goal.

If you're ready to explore migration possibilities, whether through the Education pathway or the O-1 visa route, don't hesitate to reach out to us via our email at [email protected] or take your eligibility test here.

Make a move:

Initiating action is the cornerstone of building your migration fund, and this is why we strongly encourage taking that first step, no matter how insignificant it may seem. As you begin to save consistently,? you'll likely experience a shift in perspective. The amount you initially thought of as overwhelming will begin to feel more manageable, even motivating you to increase your monthly savings contributions. By then, the once-daunting goal won't loom as large as it did at the start. Your path to financial readiness for migration begins with making a move, no matter how small it may seem.

Stay consistent:

Think about it this way: If you're a Nigerian, setting aside 50,000 NGN in the first month may seem like you picked an unrealistic goal. However, envision this - 50,000 Naira saved every month for two years isn't just 50,000 Naira. That’s 1.6million Naira that can be channeled into preparing for migration. The juice is in your consistency.? By regularly setting aside a portion of your income, you'll make meaningful progress toward your financial target. Secondly, the regular influx of funds accelerates your progress. With each contribution to your migration fund, you move closer to reaching your financial target and making your migration dream a reality.

Increase Your Income:?

Exploring opportunities to increase your income provides you with additional financial resources to accelerate your savings. Whether through part-time work, freelancing, or selling unused items, the extra income not only boosts your savings but also enhances your financial stability, allowing you to better cover migration-related expenses. If you are a 9-5er, try exploring other jobs that allow you to work remotely. Consider things like social media management, virtual assistance, graphics designing, writing etc. This increased financial capacity provides a safety net for unforeseen costs, such as visa fees or emergencies, ultimately ensuring a smoother and more secure transition to your new life abroad.

Above all, stay dedicated. Stay committed to your goal, even when faced with temporary setbacks or temptations. Download the Vesti App now on Google Play or App Store