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Relocation Budget (1 month)

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  1. #1

    Question Relocation Budget (1 month)

    I will be starting my work in Hong Kong as an IT professional soon. Unfortunately, my employer will not be providing any relocation/start-up allowance.

    Here is my computation of the budget I would need at least until the first pay day:
    food: 150HKD per day x 30 = 4500HKD
    accomodation (temporary): 7000HKD
    transportation: 550HKD
    mobile sim/load: 200HKD

    I was hoping to get additional inputs from you guys regarding the ff:

    a. Are the values I mentioned above enough?
    b. Are there other expenses that I should consider and prepare for?


    *I have a separate budget for visa and airfare so no need to worry about that. Thanks!!!


  2. #2

    Join Date
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    Well an ordinary visa is HK$190 so no need to budget.

    The accommodation? You have that fixed?

    Will you be renting your own accommodation after the first month? if so, you'll need deposits.


  3. #3

    Join Date
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    I would renegotiate. Most companies provide... unless you're in a very small, non-IT industry, with an IT role?


  4. #4

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    Your budget is very minimal. Bring extra cash (or credit cards) and assume you'll get sick.

    You'll need some money to open a bank account, other than the cash you be carrying.

    Last edited by Claire ex-ax; 27-03-2015 at 06:24 PM.

  5. #5

    Join Date
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    Your budget is very tight. Too tight. What about day-to-day things like laundry, toiletries etc?

    You need some sort of contingency fund (credit card / extra cash) in case things go wrong / not as planned.

    What happens if you get lose your job in the first month? (under HK Employment Law no notice is required in your first month of employment). You need to have at least enough money to be able to get home again (in a worse case scenario) or support yourself temporarily while looking for a new job.


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    Claire ex-ax likes this.

  6. #6
    Quote Originally Posted by Claire ex-ax:
    Well an ordinary visa is HK$190 so no need to budget.

    The accommodation? You have that fixed?

    Will you be renting your own accommodation after the first month? if so, you'll need deposits.
    I was thinking of serviced apartments. Will I also need deposits for that?

  7. #7
    Quote Originally Posted by Claire ex-ax:
    Your budget is very minimal. Bring extra cash (or credit cards) and assume you'll get sick.

    You'll need some money to open a bank account, other than the cash you be carrying.
    Been to Hong Kong before on vacation but didn't get sick But you're right, so probably an additional 1000HKD for emergency sickness?

  8. #8
    Quote Originally Posted by bibbju:
    Your budget is very tight. Too tight. What about day-to-day things like laundry, toiletries etc?

    You need some sort of contingency fund (credit card / extra cash) in case things go wrong / not as planned.

    What happens if you get lose your job in the first month? (under HK Employment Law no notice is required in your first month of employment). You need to have at least enough money to be able to get home again (in a worse case scenario) or support yourself temporarily while looking for a new job.


    Sent from my iPhone using GeoClicks
    Thanks!
    Do you have an estimate how much a month of laundry would cost?
    Was planning to get a return ticket as well

  9. #9

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    Quote Originally Posted by EazyBreezy:
    Been to Hong Kong before on vacation but didn't get sick But you're right, so probably an additional 1000HKD for emergency sickness?
    Will you have your visa before you land? If not then perhaps some travel/health insurance would be a good idea.

  10. #10
    Quote Originally Posted by hullexile:
    Will you have your visa before you land? If not then perhaps some travel/health insurance would be a good idea.
    Yes, I already have my working visa on-hand!

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