Our company provided the following adjustments:
Net, expats from our company were receiving about up to 70% above the home country base salary every month in cash.
For most of my colleagues, the expat windfall was a bonus to be spent. Most people spent every cent of the expat allowance. People could live at two times their normal lifestyle. One colleague shared that taking a major vacation several times a year was a breeze, because the expat allowance essentially covered the costs.
Our approach was to continue living close to the lifestyle we had in our home country. We realized our time as Expats was short and not the norm. Here's what we did:
Our transition back to our home country was easier than for some of my colleagues. While overseas, we had not grown used to living on 170% of my normal income. By learning to be frugal like the locals, we only lived on 80% of my home country income and were still able to enjoy being in a foreign country and culture.
Photo Credit: morgueFile.com, Ida Hansson Brusewitz
This is not financial advice. Please consult a professional advisor.
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