Well, in June we spent $401.38 more than what we had hoped to spend this month.
When we started planning this trip we wanted to spend less than $1,500USD/month ($750 each) and for the first few months we did but we managed to blow that goal this month due to a few things:
We actually got sick (just a cold) but to be cautious didn’t go out and do our usual groceries and ended up ordering a lot of takeout.
We moved casa and city. We are now in Puerto Vallarta and are paying slightly over our upper limit ($500) on rent.
We did three tourist activities – horse riding, snorkeling, and a walking tour. On there own they were relatively cheap but we purchased all the photo/video packages, tipped well, etc.
Once we were over our cold and things started to open up more we went a bit crazy with eating out.
What did we learn about all of this?
While it’s good to have a budget in mind we are here to enjoy ourselves and shouldn’t regret the odd splurge. We are bound to have months when we are over our budget and others when we are under.
Moral of the story, maybe skip the margarita so you can ride the horse!
We also learned that eating can be as cheap or as expensive as you make it. We’ve had meals out that were $150 MXN/ $6.50 USD and meals that were $1,500 MXN/$65 USD and in a lot of cases the cheap meals were the best.
If you are interested in tracking your own expenses we are using an app called Trail Wallet where you can add expenses in multiple currencies, track them by category, date, and set yourself a budget.
Here is our full breakdown of what we spent in June.
Eating out $290.70
Business Expenses $190*
Laptop Payments $103
Subscriptions (Apple Storage & Netflix) $23.24
Total = $1,901.38 or $61.33/day for 2 people
Total = $6,585 This is a combination of teaching English online, remote work, and freelancing.
Saved = $4,683.62
*This is for a new business we are setting up that isn’t making money yet. We do have other business expenses that are covered by the business.
A round up of our costs for living in Sayulita for the last month.
Our takeout bill is on the rise but with so many good restaurants in Sayulita offering delivery it would have bee rude not to, right? Restaurants can open as of today (June 1st) but have to maintain a maximum 30% occupancy so we are looking forward to getting out and actually eating inside a restaurant again.
Even with the increase in takeout, we managed to spend slightly less than in May by figuring out the best places to get our groceries cutting our Netflix subscription and reducing our accommodation cost slightly by renting directly to save on the Airbnb fees and the peso weakening against the USD
We are expecting in June our food and accommodation bill will increase as we’ll be moving house and maybe even the city halfway through the month so it will be interesting to see how that goes.
We are also working on a new business/social enterprise (more on that later) so have included business expenses in this month’s report.
A full breakdown of income and expenses is below.
Toiletries & Medication
Subscriptions (Spotify, Gym, Apple)
Courier Tax Return
Business Expenses (Domain Fees, GSuite, Hosting etc.)
Our income comes from teaching English online, freelance Shopify development work, and Zahn’s remote job in New Zealand.
When we first started looking at traveling and working online one of the biggest questions we had was how much does it actually cost and how much do we need to earn?
Expenses vary country-to-country and even city-to-city so we have been keeping track of all of our expenses from beer to rent and documenting it to provide some understanding for anyone looking to go down this path.
Below is a full list of all our expenses and income from 1 – 30 April 2020 in Sayulita Mexico. We are currently in quarantine due to COVID-19 so haven’t been able to do any tourist activities, eat out (other than a few delivery splurges) or travel this month.