British expatriates are being advised to save their money and ensure they have a good pot of reserves to dip into during the current global recession.
As the world’s finances continue to take a battering, Shelter Offshore has advised people to make small savings here and there to cut the cost of living during these leaner times.
The website has suggested expats could save money by reducing the amount they smoke or drink, instead putting the money into savings.
Such a move would also benefit people with expat healthcare insurance, as developing more healthy lifestyles could help to see premiums cut by providers.
Recent research published by human resources firm Mercer has revealed that a growing number of employers are cutting back on jobs and that is having an impact on the availability of work for British expats around the globe.
According to the Financial Times, 57 per cent of Asia-Pacific respondents in the Mercer survey are looking to switch expatriate employees to local contracts in a bid to cut costs, which could result in thousands of employees facing smaller pay packets in the coming months.
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