Another Month’s Living Expenses 2015: San Juan del Sur, Nicaragua
When it comes to expenses May proved to be another big month for us. Total costs for day to day living expenses came in at $1601.23 USD, which is $200 more than we actually wanted to spend.
Contributing factors in our overspending this month include a $155 USD truck repair, way too much eating (and drinking) out and a higher than average electricity bill. (See below for further explanation.)
Below is a summary by category that shows exactly where our cash went. For a more detailed in-depth view to our expenditures take a look at our daily spending.
A COUPLE OF BUDGET PLANNING CONSIDERATIONS
Is the convenience of owning a vehicle worth the added expense?
We own a 2001 Hyundai Galloper that we paid $7000 USD for 3 1/2 years ago. It’s been a very reliable vehicle, however, rarely a month goes by where it doesn’t need some sort of repair.
If you choose to own a vehicle — unless it’s brand new — you’ll need factor in the cost of regular maintenance when planning your budget. Although labour is extremely inexpensive here compared to what we were used to back home, parts are not.
Electricity Doesn’t Come Cheap!
Electricity in Nicaragua is extremely expensive. Four times more expensive than in the US, in fact.
Our $85 USD electricity bill for this month was reflective of air conditioning usage. During this billing period we ran the air conditioner in our bedroom approximately half of the month and usually only a few hours per night.
Since April and May are the hottest most uncomfortable months of the year, we choose to live with air conditioning for this period of time and this period of time only. But if you’re someone who can’t live without air conditioning and plan to use it a daily basis, you can expect your monthly bills to be exponentially higher.
Entertainment & Eating Out
While analyzing our daily expenditures we noticed a tendency to eat out because we were lazy. This drove up our overall food costs and did nothing to enhance our life. Moving forward we intend to eat healthier, less expensive meals at home more often. Eating out will still be prevalent, but we plan to limit the instances to occasions that also involve a social and/or entertainment factor.
HOW MUCH WILL I REALLY SPEND EACH MONTH?
We can’t deny the fact that day to day living expenses are a lot less in Nicaragua than in most cities in Canada or the US, but just like at home, how little or how much you spend each month will be totally reflective of your spending habits.
Posted on July 20, 2015, in Cost of Living and tagged budget, cordobas, cost of living, daily life, expat, expat life, Living in Nicaragua, Nicaragua, San Juan del Sur. Bookmark the permalink. 10 Comments.