#59: How to Financially Prepare for a Move Out of State or Abroad (Without Stress)

Join the Waitlist for WPT Academy  Sign-up for Roth IRA Office Hours  In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino (Soledad, they/them)—a queer Mexican-American money and self-care coach—walks you through how to financially and emotionally prepare for moving far away. Whether you’re moving out of state or leaving the country, this episode will help you create a plan that supports both your financial security and your nervous system. Soledad shares personal stories from: Moving from Los Angeles to New York City at 20 with just two suitcases and $1,000 Moving back to LA while pregnant, without jobs lined up, relying on savings and community What You’ll Learn in This Episode How to calculate the true cost of moving (including hidden expenses most people forget) How to create a moving sinking fund and where to store it (HYSA, CDs, or investing) Why you also need a transition sinking fund for income gaps What it means to reach Stage 6 of Financial Security before making a big move How to plan for income, job searches, and financial transitions What to consider when moving internationally (banking, taxes, currency, etc.) How to prepare for the emotional side of moving (decision fatigue, loneliness spending, and self-care) 00:00 Welcome + Episode Overview 00:57 My First Move Out of State (LA → NYC) 01:57 Moving Back to LA While Pregnant 05:07 Community Is Currency 06:17 How to Calculate the Full Cost of Moving 07:41 Building Your Moving Sinking Fund 09:04 Strengthening Your Financial Safety Net 10:20 Researching Your New City Budget 11:35 Income Strategy + Transition Fund 12:57 Administrative + Banking Checklist 13:58 Emotional Preparation + Self-Care 15:07 Recap + Key Takeaways 16:46 Subscribe + Wealth Para Todos Academy Invite 17:23 Closing + Disclaimer