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Thread: savings money

  1. #1
    Join Date
    Jun 2015
    Location
    United Kingdom
    Posts
    35

    Default savings money

    Hi guys how much savings would you recommend to take to new Zealand i am emigrating next year and have a wife and son and will start by renting in Christchurch i have about 8000 in savings to bring which is about 20000 NZ please can anyone advise?

  2. #2
    Join Date
    Jan 2007
    Location
    Chch, NZ
    Posts
    2,213

    Default

    As much as you want. Really, $20K alone can be eaten up in rent in Christchurch.

  3. #3
    Join Date
    Sep 2011
    Location
    Te Aroha from N.Yorkshire UK
    Posts
    308

    Default

    We initially brought over with us at the time $20'000 to help us initially get on our feet with things like buying a car, paying for house insurance, car insurance etc… What was left we put into a Kiwi savings account. We are thinking about transferring more over but thats only because of the exchange rate getting better. Once we where earning a wage over here we felt we did not need to use our savings… Like what Super_BQ above says… "As much as you want"

  4. #4
    Join Date
    Feb 2009
    Location
    Auckland
    Posts
    3,697

    Default

    We moved to Auckland with about $12K cash and a job, the rentals were pretty decent in those days. As you might have got some idea from above posts that house rental could be the deciding factor for the estimates and I have been told that Christchurch is in par with Auckland when it comes to rentals. We lived with my partners cousin for 3 weeks which gave us good idea on which localities to shortlist and arranged viewings, NZ $20K sounds like good enough money (I hope you have already excluded the flight costs in it)

  5. #5
    Join Date
    Aug 2011
    Location
    Kaipara, New Zealand
    Posts
    257

    Default

    Also I think it will depend on what you're bringing with you. We sold all of our household goods and replaced them when we got to NZ - so we needed the $40,000 we brought over.

  6. #6
    Join Date
    Jun 2015
    Location
    United Kingdom
    Posts
    35

    Default

    thanks guys i have a job to start the savings is just for house car and furniture

  7. #7
    Join Date
    Sep 2011
    Location
    Te Aroha from N.Yorkshire UK
    Posts
    308

    Default

    Good luck with everything

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