An inspiring mature aged travel blog featuring travel writing, travel advice and travel photography
Been planning that early retirement like I have for some time but are worried about the cost. Recently on our trip to Bali I filled in some time by the beach adding up all the non-avoidable costs of just existing in todays society and it was quite a shock. If you add up all your costs associated with owning a house, a car, a mobile phone plan etc then divide it by 52 weeks of the year it gives you a figure that you can factor into any costs of either living or travelling overseas.
OK, without going into details but things like-
Car registration and insurance, house insurance, electricity, internet and phone plans, gas bill, council rates, car maintenance and fuel........
Ours came out to $11,000 per year or $210 per week.
I may be looking at this with a bit of favouritism but $210 per week would pay for a very nice 1 bedroom apartment in Chiang-Mai, Kuala Lumpur, Bangkok or most places in Asia if you took a month by month rental agreement. European and North American prices would of course be more expensive but the $210 per week would go a good way towards paying rent.
Also take into account that a lot of monthly rental places come with internet and electricity included in the rent. Don't forget this money is just what you have been spending probably without even realising it. It is not factoring in any of your savings you have accumulated to travel or any income you can generate while travelling.
No matter where you are living you have to eat and drink but in a lot of the more interesting places in the world the cost of food should be lower than what you are used to paying back home.
Although all this number crunching makes sense, to me at least, we still haven't taken our "leap of faith" thrown everything in and just done it. However, my calculations do give me some hope and comfort that there are alternative ways to live your life that may even make economical sense too.