Retiring? Go Abroad: “They ditched America to retire by a lake in Chile…”
June 10, 2019
“The Dorchaks say that their monthly expenses typically range from about $2,000 to $3,000, though this can vary a lot. Some of their largest expenses are food, which costs them about $300 to $400 a month (they grow a lot of their own food and raise livestock on their land and can sometimes trade their produce and livestock with neighbors); supplies and hardware at about $300 a month; their phone and internet bill at about $100 a month (they save money on that by using WhatsApp and Skype, which is how we video chatted); and gas for their car, which costs them about $100 a month, as well as for their backup generator (though they try to use that sparingly). Other expenses include electricity, which ranges from about $50 to $150; propane for the cooking stove and hot water at about $75 a month; and firewood at about $75 a month….”
Not only retirees, anyone that can work from home should consider moving to an area which has a much lower cost of living. In the example above they moved from California to Chile. Where you move is not so important as how much money you save.