If you’ve ever wondered how it’s possible to live and travel full-time without breaking the bank, this post is for you. Over the past year, I’ve spent time in three incredible countries: Panama, Paraguay, and Turkey. Here’s how I managed to keep my expenses under control while enjoying the digital nomad lifestyle.
Where I Went
Over the course of 12 months, I spent time in the following locations:
- Panama (4 months)
- Paraguay (4 months)
- Turkey (4 months)
I’ve kept track of my spending, and here’s the breakdown of my expenses for the year.
Yearly Expense Breakdown
| Expenses | USD |
|---|---|
| Flights | $1,200 |
| Accommodation | $0 |
| Property Upkeep | $1,500 |
| Living Costs | $7,500 |
| Investments | $1,000 |
| Total | $15,200 |
Detailed Breakdown
- Flights: $1,200
- I used flight comparison websites to find the best deals. I also took advantage of budget airlines for regional travel.
- Accommodation: $0
- I own houses in each of the countries I visited. This means I didn’t incur any rental costs. My properties in Panama, Paraguay, and Turkey provided me with a comfortable place to stay while I explored the local culture.
- Property Upkeep: $1,500
- This includes maintenance costs for my properties. Regular upkeep, such as landscaping and minor repairs, ensures that my homes remain in good condition.
- Living Costs: $7,500
- This covers food, transportation, and entertainment. I enjoyed local cuisine, often eating at markets and street vendors. My monthly living costs averaged around $625, with some months being higher during travel.
- Investments: $1,000
- I set aside money for renewing domain names and paying for subscriptions to online tools I use for work. This includes website hosting, design software, and productivity tools that help me manage my projects efficiently.
How I Did It
1. Embracing Local Culture
I made it a point to eat what the locals eat. In Paraguay, I enjoyed traditional dishes like sopa paraguaya and asado, which were not only delicious but also affordable.
2. Slow Nomading
Inspired by Andy Lee Graham, I embraced the concept of “slow nomading.” Staying for at least a month in each location allowed me to immerse myself in the culture and community. In Turkey, I enjoyed the local markets and made friends with my neighbors, truly experiencing life as a local.
3. Smart Travel Choices
I often took indirect flights, which allowed me to explore new cities along the way. A layover in Bogotá turned into a weekend adventure!
4. Shared Costs
Traveling with a fellow nomad meant I could share transportation costs. This significantly reduced my overall expenses.
5. Minimalism
Living out of a suitcase forced me to be more intentional about my purchases. I only bought what I truly needed, which helped me avoid impulse buys.
Final Thoughts
I know that some people spend less and others spend more, but my experience shows that it’s entirely possible to live a fulfilling digital nomad lifestyle without overspending. I hope my breakdown helps you plan your own journey and gives you insights into what to expect.
If you’re considering a similar adventure, remember that it’s not just about saving money; it’s about enjoying the experiences and cultures that each destination has to offer. Happy travels!