Can you save money while working abroad?

Is saving money abroad realistic?

Yes, as long as your living costs stay below your salary. So make sure you have a clear picture of the fixed expenses and cost of living in the country where you'll be based. The real question isn't "is the country cheap", it's "how does my salary compare to what things actually cost there". That gap between what you earn and what you spend is exactly where your savings come from. 🌎

Which countries make saving easier?

In Greece, salaries typically range from about €1,200 to €1,800 gross per month plus bonuses, well above the Greek minimum wage of around €968. A room in a shared apartment in Athens usually costs between €350 and €500 a month, depending on the location.

Saving large amounts may not be easy, especially in Athens, but everyday life often feels more affordable than in many Northern European cities. — How expensive is Greece? Rent, groceries & lifestyle

In Portugal, German- and Dutch-speaking roles in Lisbon and Porto typically pay around €1,200 to €1,500 gross per month, well above Portugal's minimum wage of €920. Many employers cover your flight and accommodation, and thanks to the lower cost of living, you'll often have more left over at the end of the month than you'd expect.

What actually determines how much you save?

Your housing choice has the biggest impact. Sharing a room instead of living alone can easily save you €200 to €300 a month. Buying local groceries instead of imported brands saves another €10 to €15 a week. Your social life matters too: eating out constantly adds up faster than the occasional night out with friends.

Practical tips to save more while working abroad

Set aside a fixed amount as soon as your salary lands, right at the start of the month. Transfer it to a separate account before you spend on anything else. That way it never feels like cutting back, because the money simply isn't visible in your everyday account anymore. You end up budgeting with what's left, instead of hoping there's something left over afterwards. Start small and realistic, for example €50 to €100 a month, so it's sustainable.

On top of that, use public transport, which is often considerably cheaper abroad than back home. And keep an eye on your social spending, since that's usually where money quietly disappears the fastest.

Employer perks that lower your starting costs

In Greece, many employers help with your relocation and often even cover your flight and temporary accommodation, so you can settle in before looking for something long-term. In Portugal, flights and accommodation are also covered by many employers, which takes a real cost off your plate from day one. Always check the details of the specific vacancy though, as this varies by role.

If you're on contract with an employer abroad, you're often entitled to basic healthcare without paying an extra monthly contribution for it. That can add up to a decent saving over the year. Sometimes private health insurance is included too, or you get a discount on it. 🏥

What should you expect in your first month?

Be realistic about month one. Between initial groceries, small set-up costs, and getting used to your new life, most people don't save anything in their first few weeks. That's normal, not a sign something's going wrong.

That's why we always recommend bringing a buffer with you. Your first salary is usually only paid after your first month of work, while costs start from day one. A buffer helps you bridge that first stretch without immediately feeling the pressure.

Saving usually kicks in from month two or three, once your routine and expenses settle down.

So, can you save money while working abroad?

Saving while working abroad isn't about setting aside as much as possible, it's about having a realistic picture of what's possible. Most people choose this path for adventure, the sun, or a different pace of life, and that remains the main reason to take the leap. But it's good to know you can come out ahead financially too. With the right destination, shared housing, and the habit of setting money aside straight away, saving is realistic for most people, on top of everything else the adventure brings.

Does this sound like you? Check out our vacancies abroad and discover where your adventure begins. ✈️