Q&A with a Reader
I quickly read through the Adventurer’s Guide and really like how you wrote that there is no perfect place. And we must find out what we like most and try that in the country that fits our likes. I primarily purchased the Guide to find out how one lives in the US for under $2,000. I did not see any budgets or sample in the US. I was wondering how I could I find such information?
Thank you for your help,
Thank you for taking the time to write and for your interest in our books.
In answer to your question about living for less than $2,000 a month in the States, I would check out our Relocation Page. This page was linked from the book you purchased.
On this page you will find information about costs of living in other locations around the States and the world. Check out Earth Costs, Expatistan Cost of Living Index, Great Retirement spots with their below-cost-of-living locations, Numbeo, Active Adult Communities, Sperlings Best Places and Top Retirements which also gives great suggestions. All of these are listed on this page.
If you can manage the cost of housing, you can live just about anywhere in the world. This is a huge consideration.
If you decide on living in an Active Adult Community, for instance, if you lease the land instead of purchasing the land, your insurance payments as well as your property taxes are considerably lower. We lived in one in Arizona for years, and it was one of our cheaper locations to live. We shared transport, or walked to grocery stores ourselves early in the morning for exercise.
Also, you can think about the idea of going car free, living in a walkable city or town, or cutting back from owning several vehicles to only owning one. (links to these options are also on our Relocation Page.) Weigh the choice of cutting back on transportation costs by walking, bicycling, sharing rides to the grocery with a friend, and other ideas. This will cut back on another huge expense in anyone’s household… the cost of transportation.
If you decide to stay in the States for your retirement, you will need to figure out how you will cover health care costs. If you are on medicare, this could be a solution, or if you choose to move overseas, costs for medical care are often much cheaper.
I don’t know whether or not you track spending at this point in your path to retirement, but if you do, you can find out where your money is going and make different decisions if necessary. As you know in the book you purchased, we recommend tracking spending and getting an average Cost of Spending per Day so you know what you are managing. And, as in the book, we mention that the highest categories of spending are housing, transportation, taxes and food/entertainment.
I hope you find this information to be useful to you. Please check out the above pages, and certainly, if you have further questions, feel free to write.
We are always happy to answer.