Friday, January 1, 2016

YEAR END 2015 BUDGET UPDATE

HAPPY NEW YEAR 2016!! Or as I'm choosing to call it the Sweet 16.

It's been 2 full years now that we have lived full time in PV. Wow! Where did the time go? We've been busy assimilating into our new town and with it has come so many wonderful new friends and rewards for being actively involved!!

In 2014, we showed that you could live a very good life style for approximately $25,000/year, if you weren't lavish and chose wisely where you eat and drink out.  (See Year End Budget posted in mid December, 2014.)

In 2015, we proved that our high quality of living on as little as $25,000/year was no fluke. We've established wonderful friends and enjoy their company through many different activities. This year I was offered an opportunity to earn a few dollars by doing media coordinating for a local organization.

We continued to take advantage of Cupocity discounts on meals, tours, massages, etc. We also determined where we get the best bang for our buck, which allows us to eat and drink out with our friends. We are social people and gathering with friends is very important to us.

Living Expenses are broken out separately from Discretionary Spending. We are fortunate that we have some discretionary income and make no apology for spending it.

As we also knew would happen, in 2015, our family and friends would start visiting us and the winter months would see us eating out and going on excursions more with them. My daughter and her family were here for 16 days in January, and several friends came to town to spend time with us. It definitely shows in our expenditures for these 2 month!

We also had the opportunity to meet up with friends from Nicaragua in Mexico City for a week in February and while we were already up in the "highlands" of Mexico, we decided to come back by bus and visit San Miguel de Allende, Guanajuato, and Leon. A beautiful part of this wonderful country!

The month of January also brought us the expenditures of washing machine repair ($232), camera repairs ($10), more of Mike's dental woes (a new crown, reconstruction of previous crown preparation performed in Costa Rica,  & a tooth pulled = $742), and Mike needing to visit a chiropractor twice for adjustments that couldn't be dealt with in a massage ($73). We also took a 3 day side excursion to Yelapa with family and incurred hotel expenses and a more expensive water taxi ride plus all meals out.

But, we are extremely happy that everyone wants to come see us!!  This was part of our decision to live here. We knew it was easier and more alluring for them to come here to PV than any other location we considered. So it is what it is and we make no apologies for enjoying our family and friends.

In March, our expenditures went back to normal. EXCEPT we had decided back in December, 2014 to purchase excellent seat tickets ($300) to the Santana/Journey concert in Guadalajara for March 26. The total of the expenditures including the tickets, tours of Guadalajara, meals out, our stay in a B&B, gas, taxes, busses, etc. are all accounted for.

April shows we have come out of high season and back to well below our goal budget for Living Expenses. This was also due to our renegotiating our lease here in our apartment. Because we have been an asset to our landlord, which allows him to spend more time with his family in the states, he agreed to allow us to sign a 15 month lease with 3 months of free rent during the low season so we could travel a bit more without moving. We all agreed to a steady cash flow over the 15 months of $800/month.

Restaurant Week(s) are held in May. This is where many restaurants have a special set 3 course meal for well below the cost of a normal meal at their establishment. We took advantage of eating at several restaurants that would normally be well out of our budget. We also attended a charity function called The International Altruism Festival, which had 35 restaurants represented there. Also as a result of several friends coming to town, we ate out way above normal for a whopping 18 times!

In May, we also took advantage of the low cost medical clinics that are provided by Pam Thompson-Webb of www.healthcareresourcespv.com. So Mike and I both had our ears checked for a cost of $46US for both of us. Mike had an ear infection, so we had medication to purchase for $3US. I also took advantage of getting a Shingles Vaccine at a local hospital for the low cost of $157US (it's about $400-$500 in the US).

In June, we traveled the whole month, which is why there aren't any expenses except our rent in the Living Expenses category. Our journey took us to Cancun, where we spoke at the 10th Annual International Living Retire Overseas Conference; then on to Playa del Carmen for a week; then to MA & CT to visit family and friends; and down to Raleigh, NC to visit with family. On June 30, we flew to WA, which is where we were until July 17. This is our annual US visit from coast to coast. An expensive trip but with family spread out all over the US, it's very necessary.

Our Trip Expenses include air fare, hotel, car rental, meals & drinks out, clothes, electronics, entertainment, cell phone, etc. In February, we flew to Mexico City for a week, took a bus back via San Miguel, Guanajuato, & Leon for a total of 12 days. In June, we went to Cancun/Playa for a week. Then flew to CT, USA, drove to Raleigh, NC, flew to Spokane, WA for a total of 6 weeks. In September, we flew to Europe and traveled throughout via train for 6 weeks.

The month of August saw us back into a "regular" routine. No having to stock up because we'd been gone, no visiting friends or family, just a normal month of living at home in PV.  So you see, you CAN live reasonably here and still enjoy life.

The one change we did make in August, was our insurance situation. After more research, we chose to switch to a company (WEA) where both of us could be covered globally (except US). We chose a $3mil, $2,500 deductible plan for each of us. Our combined premium equates to the $322/month (we paid one full year in advance to avoid extra servicing charges).

The Living Expenses are our true living expenses and we could easily have a good life on just this amount. However, we are fortunate and do have some discretionary income, which we gladly use to have an even better life. So just because you might not have this additional income, doesn't mean you can't enjoy life here in PV.


Living Expenses:  January  February      March      April        May        June         July    August   September   October November  December

Rent w/util  $    1,000  $    1,000  $    1,000  $       800  $       800  $       800  $       800  $       800  $       800  $       800  $       800  $       800

Electric  $          24  $             -  $          23  $             -  $          45
 $          33
 $          20
 $          44


Cell Phone  $          42  $          40  $          39  $             -  $          14
 $          65

 $            6  $          12  $          36

Groceries  $       227  $       219  $       249  $       143  $       231
 $       378  $       151  $            4  $       306  $       246  $       297

Meals Out  $       448  $       292  $       240  $       183  $       420
 $       112  $       258  $          99  $       113  $       376  $       228

Drinks Only  $       161  $       154  $          95  $       238  $       144
 $       116  $       169
 $       199  $       173  $       191

Entertainment  $          60  $          57  $       105  $          33  $             -
 $          65  $          87  $          40
 $          88  $          67

Massages  $       101  $          20  $          40  $          33  $          33
 $          43  $          31  $          47  $          66  $          30  $          46

Bus/Taxi  $          64  $          55  $          15  $          25  $          50
 $          10  $          16
 $          12  $          25  $          13

Dental Cleaning  $          33  $          80
 $             -  $          33




 $          48


Incidentals  $          25  $          18  $          82  $          25  $          78
 $          20  $          51
 $          98  $          50  $          70

TOTAL  $    2,185  $    1,935  $    1,888  $    1,480  $    1,848  $       800  $    1,642  $    1,563  $    1,010  $    1,600  $    1,892  $    1,748
 $ 19,591















TOTAL W/O RENT  $    1,185  $       935  $       888  $       680  $    1,048  $             -  $       842  $       763  $       210  $       800  $    1,092  $       948
 $    9,391















Discr Spending:













Visas/Legal  $             -  $             -




 $       146





Clothes/Shoes/Gifts  $          13  $          32  $          27  $       162  $          63








Medical/Life Ins.  $       211  $       211  $       211  $       211  $       211  $       211  $       211  $       322  $       322  $       322  $       322  $       322

Tours  $          87  $          60








 $       111

Home Improve  $       420  $       171  $          57  $          75  $          65
 $          53  $       131

 $       163  $       267

Medical  $       237


 $       221
 $          48

 $          24  $       100  $          14

Dental  $       742












Air Travel













Trips/Vacations  $       180  $    2,459  $       684

 $    2,685  $    2,655
 $    5,723  $    5,723


 $ 20,109
Car Rental/Gas













Spanish Lessons













TOTAL Discr.  $    1,890  $    2,933  $       979  $       448  $       560  $    2,896  $    2,967  $       599  $    6,045  $    6,069  $       585  $       714
 $ 26,685















TOTAL ALL  $    4,075  $    4,868  $    2,867  $    1,928  $    2,408  $    3,696  $    4,609  $    2,162  $    7,055  $    7,669  $    2,477  $    2,462
 $ 46,276


*Drinks Only (in PV only): January 11x; February 9x; March 7x; April 15x; May 11x; July 9x; August 15x; September 0x; October 12x; November 13x; December 14x
*Meals Out (in PV only): January 12x; February 10x; March 9x; April 8x; May 18x; July 6x; August 9x; September 4x; October 6x; November 14x; December 10x
*Our Rent includes 1br/1ba; dipping pool; view of Bay; fully furnished with everything you need; cable TV, internet, water; excludes electric.
*I do not include health insurance as a Living Expense because many expats choose not to have insurance. It is our choice to have it.

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