The No. 1 Money Mistake for Digital Nomads: Managing Finances Wisely as You Explore the World
Financial Tips for Digital Nomads: Avoid the No. 1 Money Mistake
Managing money is important for everyone, including digital nomads. Check out a common financial mistake that could lead to serious problems.
The No. 1 money mistake for digital nomads is trying to do it on a low income.
- Short-term, furnished rentals are more expensive than other housing options
- The most budget-friendly places aren't always places where you'd want to live
- You'll need money for travel and activities
If you're only scraping by financially, you're essentially living paycheck to paycheck. That's a problem whether you're in the United States, Mexico, Thailand, or anywhere else in the world.
Seeing the world is an incredible experience. It's a lot better when you aren't constantly concerned about going over budget and when you can visit more than just the most affordable destinations.
Figure out the financial side before you take off. Moving to a new country is a big change. Do you really want to go through all that and have financial uncertainty?
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.