Living in Malta? Here’s How Bangladeshi Expats Can Save More & Send More

For many Bangladeshi expats living in Malta, the primary goal is to support families back home by sending regular remittances. But with rising living costs, it can feel challenging to save money and still meet your goals. Fortunately, with the right financial habits and smart choices, you can stretch your Euros further and send money to Bangladesh from Malta.

Here’s a practical guide to help Bangladeshi expats save more, live smarter, and remit more efficiently.

Why Saving Matters for Bangladeshi Expats in Malta?

Malta offers job opportunities and stable income for many expats from Bangladesh. However, without a savings plan and careful spending, a large chunk of your earnings can quickly disappear in day-to-day expenses. Saving more not only allows you to send more money to your loved ones but also helps in emergencies, future investments, or even starting a business back home.

Smart Tips to Save More in Malta

Living in Malta as a Bangladeshi expat offers unique opportunities, but it also comes with financial challenges. Managing your budget wisely is key to making the most of your earnings while supporting your family back home. From finding affordable accommodation to using cost-effective money transfer services, here are some practical tips to help you save more, spend wisely, and send more to Bangladesh.

1. Choose Budget-Friendly Accommodation

Accommodation is often the biggest monthly expense in Malta. Here’s how to cut that cost:

• Share a flat with other Bangladeshi workers to split rent and utility bills.
• Avoid city centers like Valletta or Sliema, where rents are higher. Look for suburbs with good transport access.
• Use platforms like Facebook groups or local listings for cheaper rental options.

2. Cook at Home Instead of Eating Out

Food prices in Malta are reasonable, but frequent dining out adds up quickly.

• Cook in bulk and pack meals for work.
• Shop at budget-friendly stores like Lidl or local markets for fresh produce.
• Avoid imported Bangladeshi goods if there’s a significant price difference—use local alternatives.

3. Use Public Transport

• Malta’s bus system is well-connected and affordable. Buy a Tallinja card for discounted rates.
• Avoid renting or owning a car unless necessary; fuel, maintenance, and insurance are expensive.

4. Remit Money via Cost-Effective Platforms

Sending money to Bangladesh from Malta doesn’t have to be costly. Avoid traditional banks or high-fee services.

• Use online money transfer platforms like ACE Money Transfer, which offer competitive exchange rates and low fees.
• Compare transfer fees and exchange rates regularly.
• Send larger amounts less frequently to save on transaction charges.

5. Track Daily Spending with Budgeting Apps

Apps like Money Lover, Spendee, or Wallet can help you:

• Set monthly spending limits
• Track where your money goes
• Identify areas to cut back (like coffee, snacks, or mobile data)

Bonus Saving Tips for Everyday Life

• Avoid debt traps: Refrain from borrowing for unnecessary purchases.
• Use free Wi-Fi in public places or workplaces instead of high mobile data plans.
• Shop during sales: Take advantage of seasonal sales and discounts at supermarkets.
• Limit subscriptions: Cancel unused subscriptions (music, Netflix, etc.).

How to Remit More Money Home to Bangladesh?

Saving money is only part of the equation. The next step is ensuring maximum value when you send it home.

Use ACE to Maximise Every Taka

Bangladeshi expats in Malta are increasingly choosing ACE Money Transfer due to:

• Competitive exchange rates
• Zero or low fees on transfers
• Instant transfers to major banks and cash pickup locations in Bangladesh
• Secure and fast online money transfer from Malta to Bangladesh via the app or website

How to Remit Money to Bangladesh Online from Malta via ACE:

1. Sign up for a free account on ACE’s website or mobile app.
2. Select Bangladesh as the destination.
3. Enter recipient details and amount.
4. Pay using your Maltese bank account or debit card.
5. Track your transfer in real time.

Why Your Remittance Matters in Bangladesh

Every Euro sent makes a real difference. It helps:

• Pay for education, healthcare, and daily living costs.
• Fund small businesses or land purchases.
• Strengthen Bangladesh’s economy through foreign currency reserves.

Planning for Long-Term Financial Goals

Saving more isn’t just for short-term remittances. With a little discipline, you can:

• Build an emergency fund
• Save for retirement or return to Bangladesh
• Invest in land, housing, or education for your children

Budget Wisely and Send More to Bangladesh from Malta!

Living in Malta as a Bangladeshi expat comes with financial responsibilities and opportunities. With conscious budgeting and smart remittance choices, you can significantly increase the amount you send back to Bangladesh. Platforms like ACE Money Transfer help you send money to Bangladesh online from Malta with better value and ease.

FAQs

What is the best way to send money to Bangladesh from Malta?

Using online platforms like ACE Money Transfer provides low fees, competitive exchange rates, and fast delivery.

How can I reduce living expenses in Malta?

Share accommodations, cook meals at home, use public transport, and monitor spending via budgeting apps.

Is it safe to send money online from Malta to Bangladesh?

Yes, when you use trusted services like ACE, which offer encrypted transactions and verified security measures.

How often should I send money to Bangladesh?

Monthly or bi-monthly transfers in larger amounts can reduce overall transaction fees.

Can I track my remittance to Bangladesh?

Yes, ACE allows real-time tracking of your transfer until it reaches the recipient.