With nearly 19 000 people to date viewing our cost of living posts we thought it was time to provide an updated detailed monthly budget summary.
Our targeted monthly budget is $1400 USD. Total US dollars spent in January 2014 was $1656.
Over the course of the month we attended 2 professional baseball games in Rivas. We ate at Munchie Bluues twice and we spent 3 days and 2 nights on Ometepe Island, so it’s not surprising we were over budget by more than $200.
Below is a summary by category that shows where our cash went. For a larger view just click on the image.
For even more detail click on the link to view our daily spending.
Some things to keep in mind with our spending this month:
- We don’t have medical coverage. Aside from high end private clinics in Managua health care is free and readily accessible.
- Car insurance cost us only $55 per year. A very low price to pay, but with the minimal coverage have we are getting exactly what we pay for.
- Our fuel cost was low this month because we filled our tank last month and rarely drove this month. In San Juan del Sur walking is the most common and practical means of travel.
- Cell service is very inexpensive. We average about $15 per month for two phones.
- We had many friends in town this month so we ate out, drank out and stayed out more often than usual.
- Houses in our price range (and even lower) are commonplace. Long term affordable rentals are in high demand are rarely advertised or vacant for long.
Other posts you may find interesting include:
Beginning on April 1st Gord and I have tracked every single cordoba we’ve spent through to the end of the month.
To help us with this task we’re using a great little app called iXpenseIt. It’s available on iTunes for $4.99 USD and so far it’s worked great in helping us track our purchases and better manage our money.
Before you ask us why we would bother to take the time to do such a let me explain.
When Gord and I were researching our move to Nicaragua the burning question was,
“How much does it cost to live in Nicaragua?”
We had difficulty finding the kind of detailed information we were looking for so today’s blog post is dedicated to those of you out there with the same question.
Before jumping right to the numbers we want to share a few important details regarding our lifestyle and the way we chose to live.
- We are currently renting a brand new studio apartment in Granada, Nicaragua. It is fully furnished and our apartment complex has large saltwater pool, rooftop terrace and too many other amenities to mention. Although our apartment offers hot water and air conditioning due to the high cost of electricity in Nicaragua we choose to live without.
- We own a 2001 Hyundai Galloper that we use for the occasional road trip and out of town travel. Granada is a very walkable, so that’s how we typically get around.
- We have no children or pets.
- We prepare and eat most of our meals in house, but enjoy dining out at least a couple of times per week. We are also big fans of ice cold Toña and Flor de Caña.
Our targeted budget for this month was $1400 USD. We know some expats who are living on a lot less and others who are living on much more. We are very pleased that we managed to end the month off at $1404.51, just $4.51 over budget.
Now onto the numbers…
The table below shows a detailed summary of our expenses by category. Please note that the exchange rate is based on 23 cordobas per $1 USD.
And for those of you that want even more detail just scroll down the page to review every single purchase we made during the month of April.
If you have any questions regarding the Cost of Living in Nicaragua please feel free to drop us a line. We’d love to hear from you!