- November 24, 2023
- Posted by: legaleseblogger
- Category: Related News
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Finding the Best Place to Save Money in the EU
When it comes to finding the best place to save money within the European Union (EU), the options can seem limited. As a professional in the UX design field, the popular cities for my industry such as Berlin, Stockholm, and Amsterdam often come up in my search. However, these cities are known for their high cost of living, making it difficult to save money while residing in them. On the other hand, smaller east/south European cities, which are more affordable to live in, do not offer competitive salaries for my line of work.
One potential solution that comes to mind is the idea of working remotely for a large city-based company while residing in a more affordable small town. This setup would allow for a better balance between living costs and salary potential. However, the feasibility of this option can be limited for non-citizens and those with fewer years of experience in the industry.
Considering my specific line of work in design and technology, I am left wondering which city within the EU offers the best ratio of salary to cost of living, taking taxes into account as well. This information would be invaluable in making an informed decision about where to live and work within the EU.
How AI Legalese Decoder can Help
The AI Legalese Decoder can offer assistance in this situation by providing valuable insights into the legal and financial aspects of working and residing within the EU. This tool can decode complex legal language and regulations related to taxes, work permits, and residency requirements, making it easier to understand the practical implications of living and working in different EU cities. Additionally, the AI Legalese Decoder can provide data on average salaries and cost of living in various EU locations, allowing for a more informed comparison when considering potential places to reside and work. By leveraging the capabilities of the AI Legalese Decoder, individuals can gain a clearer understanding of their options within the EU and make more informed decisions about where to save money while pursuing their careers in design and technology.
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Title: How AI Legalese Decoder Can Simplify Legal Jargon
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Work remotely from Bulgaria
Imho working for 5k and save 1k is better than working for 2.5k and save 500.
If you can work remotely, check the cheap areas in your country. Living in the country where you are happy and you already know the laws and options is the best solution for a freelancer.
If you search the cheapest professional taxes, look at moving to Romania or Andorra.
If you are the employee side, the best option is UK where you can deduct from taxes has the biggest possible contribution for pension ( more than USA, in UK you can put a 60k in pension plan as salary sacrifices and reduce the taxation).
Work remotely from your parent’s house. Rent + food covered. Perhaps you can use their car. Should be happy to see their progeny around.
If not, don’t live alone. Living alone is so expensive, everywhere. Pooling assets is the way to make savings.
work remotely from a country with low taxes and low col
https://www.numbeo.com/property-investment/gmaps_rankings.jsp
You could use something like this. Rotterdam for example seems pretty good in that regard.
To be honest people complain a lot about Spain taxes but itÔÇÖs really not that bad. If you have the right experience you can aim to find a remote work for companies paying decent money. The market sucks now though. But With that covered, itÔÇÖs a good place to live, even if you donÔÇÖt want to be too far from big cities (I prefer to be near one for access to good airports and in case I need a in person job), I live 40km away from a major city, close enough but in the middle of nature and peace and quiet.
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Switzerland, low taxes, huge salaries.