Monthly budget if you send money to your family abroad

Put the transfer first

If supporting your family is a priority, treat it as a fixed cost, not as what's left over. When you get paid, set aside what you are going to send and budget the rest of the month with what remains.

Think in the recipient's currency

Your family doesn't think in euros: they think in their own currency and in what they need to cover there. Start from that figure and work out how many euros are needed at the current rate, instead of always sending the same amount and being surprised when the rate moves.

A simple order for the month

• Income for the month.
• Fixed costs here (rent, utilities, transport).
• The money for your family, at the estimated rate.
• A small amount of savings, even a modest one.
• What remains is your free money: divide it by the days of the month.

Avoid nasty surprises

Check mid-month that you're on pace, and leave a small margin for unexpected costs here or there. Regular tracking, even two minutes of it, avoids bad surprises at the end of the month.

Remesia brings together the two halves of your month — what you spend here and what you send — and alerts you when the rate is in your favour, without moving your money: it only helps you decide.