Money Talk: How Much I Spent My First Month in Mexico
My travel posts aren’t just about discovering Mexico; they’re about the ability each of us has to rediscover ourselves. This post is no different, I’m just talking about money. They say you shouldn’t discuss politics, religion, or money, but I’ve always been one to challenge the norms. I prefer to see myself as a pioneer, fearlessly exploring uncharted territories. And that’s exactly what my Mexican adventure is all about—discovering life on my own terms, redefining where, when, and how I want to live.
Did I really overspend?
Angels, before we embark on this captivating journey of budgeting and spending, let me assure you that my decision to move to Mexico was far from impulsive. For the past five years, I had been yearning to explore Latin America, although Mexico initially wasn’t on my radar. Having visited Mexico numerous times before, I wanted something new and different. However, fate had other plans. As I immersed myself in captivating videos and shows highlighting the unseen wonders of Mexico, I felt a magnetic pull towards this land. Thus, my journey began.
Preparing for this odyssey involved extensive research from a variety of sources.
Social Media
In our interconnected world, social media reigns supreme, and I found great value in harnessing its power. Instagram became my go-to platform for quick glimpses of fantasy, igniting my curiosity and inspiring further exploration. Here are some of my faves @eddga, @mexicoinmypocket and @mexicocity.explore
For more profound insights and detailed information on places and experiences, I turned to YouTube, where I found an abundance of resources to deepen my understanding. Some channels I watched were @LaKarencitaMX, @EatBailaTravel and @TheYarbros
The digital world also provided a supportive community eager to share their knowledge. Facebook groups became invaluable, as I sought specific answers to my questions. The collective wisdom and firsthand experiences shared within these groups enriched my understanding and allowed me to approach my journey with greater confidence. Must follows are Latino World Travelers and Nomadness. I also recommend joining groups that are specific to the town that you are visiting.
cost-of-living & Quality of Life databases
To ensure practicality and make informed decisions, I delved into online databases. These reliable platforms provided estimates for expenses such as housing, utilities, health insurance, food, transportation, and other miscellaneous costs. Armed with this knowledge, I could plan my adventure with financial prudence while embracing the abundant possibilities that awaited me in Mexico. Popular databases are Numbeo, The Earth Awaits and Expatistan.
MY RESOURCES
No budget is complete without the input of real-life numbers. As a single mom who once raised three kids in bustling Los Angeles, I fully understand the importance of having a clear understanding of our financial boundaries and living within our means. Though those days may be behind me now, I remain a thoughtful consumer, constantly seeking the balance between practicality and comfort.
In preparation for my Mexican adventure, I diligently set a budget of $1000, excluding lodging, taking into account various factors such as my previous experiences, financial capabilities, and personal comfort levels. And yet I stilL… Went over by 687.14?!!!
THE BREAKDOWN
- Travel $ 131.66 (Uber/Didi $ 95.49 | Metro $ 10.10 | Other $ 26.07 )
- Experiences $ 350.39 (AirBnB $ 94.33 | Spa $ 12.17 | Castillo $ 3.89 | Spanish Classes $ 240.00 | CDMX Market Tour $ 60.00)
- Food (Eating out and Groceries!) $ 674.00
- Medical Expenses $ 272.24
- Misc $ 258.77
TOTAL $ 1,687.14
What Happened?
I must confess that I wholeheartedly embraced the notion of practicing what I preach—living my best life. It was high time for me to prioritize my own happiness and satisfaction, without any regrets. After a lifetime of ensuring everyone else’s well-being, I’ve finally come to realize that it’s equally important to take care of myself.
While reflecting on my recent overspending, I’ve come to recognize that there were certain expenses on that list which I may not repeat in the future. However, this experience has also led me to make an important decision: I am increasing my budget. This revised budget not only allows me to continue indulging in the activities that bring me pleasure but also incorporates a dedicated savings component specific to my time here in Mexico.
Adjustments are an integral part of maintaining our well-being—both financially and personally. It’s essential to find a balance between our desires and responsibilities. By striking a harmonious chord between financial stability and health, we can experience a sense of fulfillment that transcends mere numbers on a balance sheet.
With this new budget in place, I feel an overwhelming sense of contentment. It’s a testament to my commitment to live authentically and prioritize my own happiness. The inclusion of a savings component ensures that I am not only enjoying the present but also preparing for a secure future.
In the upcoming blog posts, I’ll delve deeper into the importance of finding this balance and share practical insights on managing our finances without compromising our well-being. Together, we’ll explore strategies to embrace pleasure, nurture our financial stability, and create a life that resonates with our true desires.
Remember, my dear angels, it’s never too late to prioritize ourselves and make the necessary adjustments for a happier, more fulfilling life. Let’s celebrate this newfound empowerment and embark on a journey that nourishes both our hearts and our wallets.
Stay tuned for more empowering content, where we’ll delve into the intricacies of financial well-being and the pursuit of a life filled with joy and contentment. Together, we’ll unlock the secrets to living our best lives, unapologetically.
