Finance planning

Considering that I am 31 and have lived over 15 years on my own, sometimes in other countries, one could say that my finance is not so good. Well I do not have debt, but I do not have savings either. I think you remember be rambling about this in earlier post. Well I usually have had quite good reasons why I have had to spent all my savings, like traveling and visiting friends abroad. Fine, I admit that mostly I save for the trips and after spending it all I start to save up for another trip. 

Now I have the opportunity to change that (yeah, right!) by starting to save up the last few paychecks that I have. I think I mentioned earlier about the amount needed for the Skilled Worker visa. As it is not something that I am able to do within a year, I will need to make a backup plan as well. In other words, I am going to have the Skilled Worker visa in the back burner and when the necessary amount is filled, I will check if I am able to apply. Take it a year or two. So my primary goal will be to gather enough for rainy day. This would mean that I will need to have at least three months expenses ready in my bank account. 

Well that is done, as my expenses for next three months are very low. Just kidding, I am not done. I think I will just multiply my income by three and have that as target. Then I will estimate for how much an apartment would cost, of how much rent I am willing to pay and triple that cost. I will add these two numbers together and I will have my target number. Once the rent and the rent deposit is saved, I can start to look for an apartment. Once the rainy day savings are up, I can actually move. Of course I will need to calculate the moving cost as well. I am hoping that I will have found a job by the time I am moving, so I can dip in to the rainy day, and pay back from my next paycheck. 

Also I will have the full advantage of my credit card as final backup in the moving business. Not a good backup, but as I have paid it off by then, I can use it. I have credit card debt of under 100 euros at the moment. I could pay it right now, but I am saving the euros on my account so I can pay any unexpected bills. I will pay it off from my next paycheck.