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Mexico Living – Retiring On A Shoe String Budget

Imagine being able to retire on a budget in the 21st century! Where can you do this? In Mexico.

If you’re a baby-boomer and remember how great it was to be part of the financially comfortable middle class, then you can live that way again with retirement in Mexico.

Here are ten good tips on how to do it:

1. You can directly deposit your monthly social security into a United States Citibank/Banamex friendship account so that your dollars are converted into Mexican pesos and easily withdrawn at any Banamex branch in Mexico without charge.

2. Currently, the Mexican peso is at $12.62 per $1 US dollar So your dollar literally goes twelve times farther in Mexico. The pace of the peso has been steady for the past 3 years and counting.

3. You can rent a very nice apartment, condo or house in Mexico starting at around 4000 Mexican pesos per month (roughly equivalent to US$423 per month). Usually, these are furnished!

4. No heat or air required in higher elevation locations in Mexico such as Tequisquiapan, Lake Chapala, San Miguel de Allende and other locations in the center of the country. This translates into total savings on your monthly energy bills!

5. Medical and dental care in Mexico is 1/3 the cost of the United States and the quality of care is excellent.

6. You can get someone to clean your house for $200 pesos for the day……that’s about $15.00 for 6 hours of work. Some home helpers will cook for you for a few extra pesos.

7. Many of the fruits, vegetables and meats are grown locally in Mexico, therefore reducing your food bills to 1/3 the cost of anywhere else.

8. Gas for your car is controlled throughout the country of Mexico. So you pay the exact same price anywhere in the country for the exact same quality gas. Prices are lower than the US

9. You can dine out at a nice restaurant in Mexico, have a full meal with wine or a few drinks and pay no more than $200 pesos (about $15 USD). This does not include a 10%-15% tip.

10. You can get a senior citizen card (called INAPAM) in Mexico that gives you discounts on all public transportation, free entry to museums, and many other discount benefits. So a bus ride will cost you about $.05 cents.

The above facts are true. I know because I live it. You can experience it too.

Based on this data alone, I think you can determine that retiring in Mexico will be like having a party with all the cake you want to eat minus the calories. Now if this sounds like a dream come true, it is.

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