Visa

Expert Tips For New German Immigrants

Posted on by Chidiebere Onuoha

In the pursuit of happiness, people sometimes make the decision to move abroad. Happiness has of course different meanings for each one of us. For some it means having access to a better education, for other it means getting closer to the beloved ones. It also means getting a new job. This blog post will assist with expert tips for new German immigrants. If you just got into Germany and need help navigating your way through, this is for you. Study in Germany via DAAD scholarship program.

Whichever reason you have for deciding to move to another country, once you get there, there is always a lot to handle, to get settle and develop a manageable routine. This includes:

  • registration
  • residence permit
  • accommodation
  • health care
  • school, education
  • bank accounts
  • transportation
  • law regulations
  • language

It is a lot to handle, and it can be very overwhelming. In the center of it all you have finances, expenses. If you are not well informed and you do not have a guide, you are definitely going to spend more money than needed (apprenticeship premium). That is why trustworthy guides are very helpful in the first month of your integration in
each new country. Germany is no exception here. See how you can Study and work in Germany here in this expert guide from a German resident.

If you are moving into Germany as a Job seeker, you would need this comprehensive Job seeker visa guide.

Useful Tips To Reduce Pressure For New German Immigrants

As a financial consultant I want to give you some very useful tips here to help reduce the pressure as a new German immigrant, shed some light on the darkness and avoid some very expensive mistakes:

1. Multiple accounts (at least 02) :

    • This helps you keep a good overview of your finances at any time. One account for income and fixed bills and another one for consume. The better you keep an overview over your spending, the easier it gets to make decisions, plan expenses.
    • The choice for a good bank institute should be based on cost and offered services: no account management fees, free bank card and prepaid credit card.

    2. Credit, credit cards:

    You should be very careful when thinking about taking any credit card or credit. The fastest you need a credit, the worse the conditions that will be offered to you might be. If you need a credit card, choose a prepaid
    one. Any credit card offered to you without checking your credit score has very
    high interest rates and is not a good deal.

    3. Insurances:

    • The health insurance: this is legally prescribed by law. All statutory health insurance companies in Germany have very similar services. The whole family (partner and children) is also covered. Here, the average age of the members as well as cashback, vitality and bonus program should be your main criteria to help you choose the best option.

    The liability insurance: This insurance help you in 2 ways:

    • it covers the damages you or your family may cause to other’s properties.
    • it is helpful when you are looking for a place to rent. It is often one used criteria by landlords to filter out applicants. Because insurance means no dispute in case of damages.

    The disability and the accident insurance:

    • the disability insurance covers you in case of incidents which would prevent you keep you away from work for more than 6 months. The accident insurance will provide you immediate financial cover in case of accidents (e.g.: broken bone from a fall)
    • Legal protection insurance: in case you need legal counselling, you should make sure to contact a lawyer. Here, Lawyers do not often offer free consulting hours. This is mostly covered with a good legal insurance which is very helpful in the beginning time.

    4. Contracts

    You should make sure to read contracts very carefully before you sign it. Use a translator, ask questions and insist on getting all your questions clarified with marked references to the written content in the contract. If you are still uncertain, then get assistance. Most importantly, do not let anybody pressure you.

    These settling in tips for new German immigrants require proper planning and carefulness. Seek assistance where necessary from certified agents and experts. Don’t overlook the tiniest detail as all information are necessary for a smooth settlement.

    In general and for further financial assistance, you should get the help of a financial advisor/consultant. Because a competent advisor can provide you the professional assistance and services you need to help you make wise financial decisions for your personal life and business.

    From Tatiana Djaba Nya,
    NAWWA Financial Consulting,
    financial-consulting.nawwa.world