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Mexico Living – Retiring On A Shoe String Budget

Imagine being able to retire on a shoestring 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, you can live like that again by retiring to Mexico.

Here are ten great tips for doing so:

1. You can have your monthly Social Security payment deposited directly into a Citibank/Banamex friendship account in the United States so that your dollars are converted to Mexican pesos and easily withdrawn at any Banamex branch in Mexico free of charge.

2. Currently, the Mexican peso is at $12.62 for US$1. So your dollar literally goes twelve times further in Mexico. The course of the peso has been stable for 3 years and continues.

3. You can rent a really nice condo, apartment, or house in Mexico starting at around 4,000 Mexican pesos per month (about the equivalent of US$423 per month). Generally, these are furnished!

4. No need for heat or air in higher places in Mexico, like Tequisquiapan, Lake Chapala, San Miguel de Allende and other places in the middle of the country. This translates into total savings on monthly energy bills!

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

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

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

8. Gas for your car is regulated throughout the country of Mexico. Therefore, you pay exactly the same price everywhere in the country for the same quality of gas. Prices are lower in the US

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

10. You can get a senior card (called INAPAM) in Mexico which gives you discounts on all public transport, free admission to museums and many other benefits. So, a bus ride will cost you about $0.05.

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

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

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