How to affordably pull off a month of remote work in a new city


Remote work and digital nomadism are on the rise, especially following the COVID-19 pandemic. As companies realized they can lower overhead and maintain productivity when workers are remote, many are not requiring workers to come into the office at all or are allowing them to choose a hybrid schedule. 

If you want to test out the digital nomad lifestyle but are worried about how you will afford it, you can compare personal loan rates with Credello. 

An overview of work and travel

Many people were raised to think that work afforded travel, but that they were two separate entities. Now, there is a rapidly increasing group of people that have combined these two things, otherwise known as digital nomads. Each nomad is different, but many sold off all their belongings and committed to a life on the road, bouncing from city to city and working from new locations. This is oftentimes cheaper than affording rent in the U.S., where you also have to think about car payments or other transportation, food, and other costly expenses. 

If you are considering testing out this lifestyle or just want to get away from home for a bit but do not want to fully take the leap into selling everything you own, there are ways to make it more affordable. It can be daunting thinking of paying for rent back home while also traveling for a month, but the benefits will likely outweigh the costs. 

If you have travel credit cards, you can use points and miles to pay for flights or rental cars to get to your new city. These can also go towards Airbnbs or hotels, significantly reducing those two major costs. Choose a city that has a lower cost of living than the one you are currently living in. South America has many cities that are great for digital nomads, as they offer reliable internet, similar time zones to the United States, and an extremely low cost of living. 

You can also take out a personal loan to help cover the cost of a month of remote work. Personal loans typically get approved and funded very quickly, meaning you can start planning your trip in no time. They also typically have lower interest rates than credit cards, but do be sure to shop around between lenders so you get the best rate. Check the terms of your personal loan to see about repayment options and any hidden fees or penalties throughout the lifetime of the loan. 

The bottom line

Working remotely in a new city can feel like a complete reset and a fresh start. People are getting burned out working from home but also do not want to go back to the office. The pandemic prohibited travel for such a long time that many are looking for ways to see the world while also maintaining a steady income, and remote work allows just that. 

If you are interested in working remotely in a new city, you can leverage credit card points or take out a personal loan for vacation – or both.