8 hacks to save money when you move to Brazil


For a lively culture steeped in tradition and beachfront properties at a fraction of prices seen in many other countries, you can’t beat Brazil. The country isn’t without its problems, though, which are mainly infrastructure related, like high utility costs and varying quality of healthcare. But that isn’t stopping many people from considering Brazil as a new home. Sunshine and plentiful beaches, what more do you need?

Still, a move to Brazil presents a number of financial challenges that you may not see coming. Read on for some tips and tricks that will help you budget for your move and do it in the most cost-effective way possible.

Hack 1: Don’t shell out cash for stuff you can do yourself.

do it yourself

The number one rule for saving money in any move is to do things yourself if you can, rather than hiring professional help. That especially goes for packing up your things, since having professional movers do it for you can cost thousands. Packing yourself will also encourage you to pare down your belongings and only take with you what you actually need. If you have to, ask family and friends to help you pack as their help will be cheaper than movers.

Hack 2: Consider the area you’re moving to, and whether it makes more sense to ship or sell your stuff.

sell your stuff and start over

This one is going to take some research. In many parts of Brazil, especially rural ones, consumer goods are much more expensive than they are in other parts of the world. This includes clothes, electronics and furniture. In many situations, it’s smarter to sell all your stuff and start over in your new country, but in this case it’s worth looking into the cost of shipping at least some of your things, and how that compares to the cost of replacing everything in Brazil.

Hack 3: Don’t get stuck with leftover bills from home. Adult your life by doing a little extra planning.

do extra planning

Moving requires a lot of organization. You have to tie up all the loose ends in your home country before you go. Last minute bills and other forgotten details could end up costing you. Do a little extra adulting to make sure you’re taking care of all the last minute things that could be forgotten in the stress of the move.

Make a to do list

Take some time to write out a physical to-do list with all the tasks you need to accomplish before you move. As you finish them, cross them off. You’ll be far less likely to forget small errands this way.

Make a budget

Once your list is done, estimate the cost of each item on it to give yourself a rough budget of what your move is going to cost.

Cancel subscriptions

If you have magazines or other subscriptions, make sure you cancel them before you leave your home country. The same goes for any other monthly expenses you'll no longer need, like gym memberships or streaming services.

Time it right

There are certain times of year when fewer people are moving, which means movers are less expensive and housing is more plentiful. Try to time your move for winter or the middle of the month, which are less common times for people to move.

Check an online moving calculator

Estimating the cost of an international move can be tricky, but there are online calculators, like this one, that can help.

Hack 4: Make sure you have money. Local bank accounts are hard to come by as they often ask for paperwork you don’t yet have. Figure out an alternative in the meantime.

access your money wherever you are

Opening your first local bank account in Brazil may require paperwork that you don’t have yet as a brand new ex-pat. If you get held up trying to track down the right documents to open an account, you’ll need another way to access your money in the meantime.

You can always withdraw cash from ATMs, but you'll probably be charged fees each time you do so. And be careful of ATMs that offer to do the transaction in your home currency instead of Brazilians reals -- this is often a Dynamic Currency Conversion (DCC) charge, which means the bank is converting the withdrawal amount at a conversion rate of its choosing and keeping the difference as a profit. Luckily, this is easy to avoid; just choose reals as the currency you want to complete your transaction in and calculate the conversions yourself.

Another option for making sure your money is available once you cross the border into Brazil is to use a Wise multi-currency borderless account, which allows you to hold and manage money in multiple global currencies at once. You can then transfer money to a bank account when you need it, or use a Borderless consumer debit card, which will be available for Borderless account holders by 2018.

Hack 5: Find a furnished place if you don’t plan on bringing your own furniture.

investigate furnished flats

In the age of AirBnb, furnished rentals are pretty easy to find in Brazil, and while they may cost slightly more in rent, housing prices are still low compared to many other countries.

Hack 6: Be prepared to fork out some cash for utilities.

shop around on utilities

Brazil is notorious for its high utilities costs due to poor infrastructure throughout the country. Be prepared to shell out for utilities, especially electricity.

Hack 7: Be ready to pay for private health insurance.

remember health insurance

The quality of healthcare varies widely in Brazil. Only a handful of private hospitals in larger cities meet international quality standards, and they know it, so they’ve raised prices significantly in the last 10 years or so. While healthcare costs in Brazil are still much more affordable than, say, the United States, getting quality care at a private hospital is still going to cost you. To help offset costs should you become sick or get injured, you should plan on purchasing private health insurance, which is widely available in Brazil.

Hack 8: Don’t forget to think about, and budget for, your four-legged friend if you’re bringing your pet with you.

budget for your pet

If you’re bringing pets along on your move, there are a host of other costs and requirements to consider. Cats and dogs aren’t required to be quarantined upon entry in Brazil, but they will have to have health certificates done by a veterinarian within 10 days prior to entering the country, and rabies vaccines administered within the prior year. You’ll also have to pay for tick and tapeworm treatments for your pets within 15 days of them entering Brazil. Some exotic animals, especially certain kinds of parrots and turtles, may require extra permits to keep as pets in Brazil, and those have fees associated with them as well.

If a new life in Brazil is calling you, these hacks should help ease the stress of the move, both on your mind and your wallet. Good luck with your move!

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

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