Can you live off a €1000,- per month in Portugal?
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- Опубліковано 10 гру 2024
- That's the question I answer in this video. I share my budget, my expenses and talk about whether a €1000,- is a challenge or not.
Open for more! ↓
At the end, I discuss how my expenses and budget might change in the future. Please share if you have a budget and if yours is higher than mine. Also, let me, but mainly others, know if you live in Portugal (where) and spend more or less.
Cost of the manor house:
App I use to keep track of expenses: Money Manager Expense & Budget
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Originally from the Netherlands, I moved to China in 2010, where I lived until the summer of 2024. Most of my time in China was spend in Beijing, the capital. Since July 2024, I am living in central Portugal with my husband and our two cats, Sporty & Ethel.
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If you own your house yes... Most locals live with even less. Its pretty common to spend 50% of your salary with rent.
Rent / mortgage are so personal (even more than what I talked about), I didn't include them. With a minimum wage of €850,- it makes sense that locals spend less.
Near Lisbon, 20 EUR / day for daily expenses for a family of 5. 60 EUR / m for internet, mobile and TV. 30~40 eur for water. 40~60 eur for electricity. 13 eur / m for gas. Expense for Clothes, computer, etc. not included. Rent is like 1100 eur /m for t2 flat in apartment around where we live (near Lisbon). And 2 months security deposit, as well as proofs that you are able to keep on paying (if you are self-employed, it is very difficult to rent house)
I loved your video. I have been keeping spreadsheets for years. If you don’t see your expenses and income in writing you mind plays tricks on you to spend at random. Miguel is a lucky guy to have you keeping track of expenses. Lots of love from Florida.
Thanks! 💕 I used a spreadsheet also (on top of the app), might start it again in the new year. Yes, it's easy to spend a lot of money on random things, especially with digital payments.
Hi there! I think you might have a slightly different idea of what life is like here in Portugal. The minimum wage is €850, and a lot of people, especially retirees, live on even less. Where you're planning to live is actually really affordable if you're smart with your money. My daughter is around Yvone's age, and we live near Lisbon. I can easily get by on €350 a month, but I don't have a mortgage, of course. For groceries and other stuff, it's definitely doable. And about the dishwasher, it's actually more water-efficient. I saved a ton of money on my water bill. With that land, you'll be living like kings on €150 a month! As we say, "you'll only need to buy rice and sugar." Good luck!
Hi! Thank you for sharing your numbers, appreciate it. I knew that the minimum wage is €850,- (hopefully the government will really increase it with €50, per year in the coming 4 years. €350, is really impressive! Do you have costs for insurances or transportation? I'm really impressed with your numbers, and they make me curious.
@@GoYvon Since we retired, we don't have to worry about rent. We buy what we need for food, but we still enjoy life. We only use the car for grocery shopping because we live downtown and can walk everywhere. We only have the required car insurance. As retirees, our healthcare is covered. Our monthly bills, like internet,tv and M.Phone, are around €20. We always look for deals on food, which helps us save a lot. We don't eat out much and we don't really need to buy anything new, we have everything we need. I always joke with my wife, "What's left to buy? We have it all!"😁
yes, the key is to learn to do all or almost all things yourself, cook from scratch, farm your own food even the rice and the sugar cane to make sugar.... the only thing is the gas for the car to take you around but even that can be substitue by a motorcycle, or a buggy with a horse...fixing a ruin is easy if you have the skills, second hand materials and voila u have a roof over your head, food on the table and peace and quiet...what else u can ask for right?
@@lolitabonita08 I've mentioned a horse a few times to Miguel, lol. But not to use as transportation. We're excited to start growing more of our own food. Once we're more established we'd like to spend time on baking our own bread, canning, making salsa and things like that.
@@GoYvon that is the way to go...Plus u know what is in the food (ingredients) and how it was prepared.
Excellent! So thorough.
Thank you!
Thanks so much for sharing. We're a family of four from Germany in our second year here and still getting a feel for the place. But we love where we are (Silver Coast) so all's well.
Read this comment after your reply to someone else. What part of the silver coast? North, mid, or south?
@@GoYvon about 20 minutes away from Caldas da Rainha, direction of the coast. Never too hot and never too cold.
In rural...yes, for sure! Especially if you own your home. Many portuguese earn less than that monthly.
As a Portuguese person currently living in Germany, this is happening everywhere. Cities are no longer attractive and economically sustainable. I do believe that with patience and a little money to invest right from the start, over time, it is much better to live in the countryside, planting your own garden and having your own animals. And I mean everywhere, not just in Portugal. The frenetic growth of cities, with more population and less means. Rents are extremely expensive, just what is paid and with one rent I could live very well for a month and still have some left over, this can also be seen in the monthly salary. There has been no increase in salary for years but the standard of living is constantly increasing. So I wish you much success in your new life.
More and more people are looking to move to the countryside. Young people are starting their gardens, some living off-grid. Cost of living is getting higher and higher. Not sure about Germany, but I just saw that prices went up again by like 4% in the Netherlands last month.
Thank you for the lovely video!❤
Thank YOU for watching and commenting!
Ya kidding me, if u're self sufficient in rural Portugal, you can do with 50 a month if you're clever. But don't get me wrong, it would be very hard to get to that point, but as a 36 year old Portuguese, I find it possible, and will do it soon, with a mere start investment of 10k. I can say that for sure. 10k and selling a little grass will do for me till I'm old, pretty soon. In northern interior. And that's per person, and note that I'll be building with terrain resources, wood and rocks and "adobe", only working myself and friends, so it will take a while, but it will be worth it. Honestly, you actually make it harder for us Portuguese to do this, cause immigrants raise prices, you know, but I don't resent you at all, we're all fighting here ;P
€50,00 a month? I'd be very interested in hearing what you spend those fifty euros on. What about insurance and taxes (for your house / land), transportation, even materials to be self sufficient (seeds or seedlings that you need to grow your own food).
@@GoYvon Yes, you're right, like I said, that'd be a very hard figure to get to. And would require some investment on infrastucture like chicken coop, seeds and all those necesarry things for starting. But after beeing settled, that would be achievable. And obviously there would be no insurance and taxes at all. No1 really cares if you're on the interior on a far far away spot.
@@GoYvon Then I'd only spend it on things I can't get from the land. Like cofee, or shampoo, bolts and nails and those kinds of things.
in usa one organic chicken is 30 dollars, no organic that taste bad, smell bad is about 10 to 12 dollars, fruits and vegies are very expensive now, grocery for me on an extreme budget is about 400 dollars a month and i do not eat anything fancy. I pay 175 dollars per month for my health insurance, i have internet for 10 dollars just because i am a program for senior low income...do not buy clothing and all what i get is given for free or second hand. I only have two pairs of shoes, and so forth. I think that living in the country, able to have ur food and animals and do not go out often u can live even with less...for one person. I am so eager to move there...saving and finding ways to raise money and get out of here. I admire your discipline and well set brains to make a budget, follow it and make i work.. U are a rarety in this world...
Wow, that's a lot for a chicken. But... probably a fair price for the chicken and the farmer. Here you can buy chicken for 5 euros, which is too cheap... Health insurance is expensive!
Thanks for the kind words, my parents always taught me to be intentional about how I spend my money, to save and to not spend more than you can afford.
@@GoYvon the only ones making the money are the middle man and the gricery stores farmers are doing all the work and being paid little
We’re in Oregon, USA and just paid $25-30 per chicken from a local farm and even at that price the farmer is currently analyzing their own finances to see if they can afford to stay in business! We (2 people) do, however, get at least 3 meals from one chicken. We ourselves spent 25 years running a small organic farm (veggies to csa members & restaurants) and know from experience that Americans don’t want to pay the price for truly sustainable food. Historically, Europeans are willing to spend a larger percentage of their income on good food. We are SO looking forward to coming to Portugal soon and meeting small farmers and gardeners there!
@@bryandickerson5365 Isn't that incredible...that USA a "powerful nation" is squeezing people out of their land, housing and pushing people to live in poverty and enslave for the rest of their lives. I only receive 910 dollars a month for my social sec. and gov expect me to live with that..take away 174.40 for medicare, receive 74 dollars food stamps a MONTH and i live by my own. Still I manage to buy the necessary, grow my vegies, can not raise chickens because the city of Houston does not allow chickens in residential areas...10 dollars for internet, my son pay for phone basic service and a friend added me to his car insurance service in exchage to help him run errands $400 a year...I honestly do not know how people with kids do it...I am preparing myself to move to Portugal, but moving with no too much money is a challenge but it can be done. I guess i will see u in Portugal right? If you are not a senior start learning the language so u can pass the exam required, if you have pets be prepared at least 6 months before the move...with the USDA vet bill of health, microchip, vaccines, ask airlines the size of crates and so forth...
I'm so glad that I've found your videos. I'm very interested in rural Portugal!!! I was wondering if you could please explain the taxes, it's one area that I'm very unclear on. I'm currently in the US and on SS, I'm good at budgeting and want to create a self-sufficient homestead. Which is basically impossible for me here. I just want to know if I will actually be able to cover my expenses once I get there. This video is very informative and I appreciate it very much. I've just heard such varied explanations on the taxes, I'm hoping that maybe you can simplify it, if possible. LOL I'll understand if its a difficult subject to cover. Thank you for your videos and your time.
The taxes... To be honest, I'm still figuring that out myself and don't have a full understanding of the system yet. Especially because I've been here for only 5 months. Taxes are high though! All of our building materials are taxed at 23% for example. For now I don't plan on making a video about it in the near future, but maybe later. Thank you for subscribing! 🙏🏼
I understand that we will pay SS taxes if we go higher income than 1800 at year. But we do not have to pay taxes on the Social we receive from USA. However if you make money in Portugal u must pay taxes on that portion according with the scale that they have.
generally, one person will find it difficult to live on 1000€, two people will live comfortably on 2000€ per month
Thanks for sharing your thoughts on it. Is that based on your own experiences? It's so interesting reading all the comments and the wide range of numbers.
@@GoYvon housing takes the biggest slice. imagine rent is 800€...
300€ is good for two people, my husband and I spend over $700 a month here in Florida.
Just on groceries? That's so much! I didn't realize groceries are so expensive there.
In the USA you would probably be paying that just for Medical insurance. You need to plant some fruit trees asap .......oranges and figs and apples.
As in like a thousand? That's wild! I have to say that the health insurance that Miguel had in China was quite expensive too (via my work).
Trees, can't wait to plant them! Hopefully in spring. We definitely want oranges, apples, pomegranate, some berries. Maybe a different kind of fig (we have a few).
@@GoYvon Spring is not the best time of the year to plant trees. Autumn or at least before the winter frost starts is the best time of the year. During the winter trees store the sugars from the leafs in their roots, and planting before the winter gives the roots from newly planted trees time to get established. So they can use all their energy that they get from those sugars to get the roots established. If you plant trees in the spring the trees need to establish the roots and grow new leafs at the same time, and that requires a lot more energy from the tree, and that might be too much when they also have to deal with very hot weather during the summer. And trees that do not have enough sugars are also much more vulnerable for pests and diseases. Pest insects can't digest the high amount of sugars from healthy plants and trees so they always go for the weakest plants and trees that have a low sugar content. It is not impossible to plant trees in the spring, you might get lucky, but the survival rate is much lower.
@@insAneTunA Thanks for the info! Very helpful. Then maybe next year....
Hoi Yvon, I don't have a budget. But I know the amount I spend on most things in a month
As long as you know what you're spending and where your money goes... I think that's most important.
Sounds sound, no budget for traveling? cheapest way is Flixbus, but why not search for the holy grail in Tomar or drive to the enchanted forest of Mata do Bussaco 😁
Travel! Not yet, hadn't even thought about it! Which is funny, because we love traveling. Maybe I need to look at that €1000,- and see how I can make some adjustments to include clothing and travels.
How much did you pay for the car ?
Less than 10.
My biggest expense, and I expect for most people, is housing. Then comes food and insurances. It’s ridiculous! I think a lot of people here live pay check to pay check, slaving away just to make ends meet.
Agreed, rent and mortgage most likely make up the biggest part of the expenses. When you say 'here', do you mean Portugal?
@@GoYvon rent in houston area, not in a upscale neighborhood bortherline getho community is at the lowest 1400 and go up ...an apartment one bedrom is about 1200 a month , u pay a rent for car space, have to pay rent for ur pets, pay gas, electricity and internet, they milk us all the way so u do not have any money for emergencies. Health insurance is a highway robbery even for us the seniors. food is super expensive. Yes, u can find a house for 900 or an apartment for 800 but u are in a very dangerous area...
@@lolitabonita08 In a lot of countries there is a housing shortage. And a lot of people make a lot of money from it. High demand and low supply means that everybody in the housing industry can ask high prices. A small empty plot of land in the Netherlands that is around 1000 square yards, at an average location that is nothing special, will cost you around 380k in U.S. dollars. And then you still have to built a house. You pay even more for the most desired locations. A homestead is not even possible in the Netherlands, unless you are a millionaire. And an attached 3 bedroom house in a row at an average location costs on average 380K as well, and then you have a tiny garden that is around 12 square yards, without a garage for the car. More desired locations with a garage cost a lot more.
On a total population of 18 million we have a shortage of a million houses. People who can't afford to buy a house have to be on a rental waiting list for an average of 12 years. So these days the young people put themselves on that list as soon as they become adults for the law. When I was young it took on average a year to find an affordable rental house. It is a real shame because it totally holds you back in your personal development when you have to wait that long for an affordable house.
@@insAneTunA that is incredible. Is the go doing anything...??? Building upwards? Here the foreign real estate companies and the private individuals buying to renovate and re sell are killing the housing market, they turn around and rent or sell but renting is more profitable. China is buying all the farm land and our gov is not doing anything...so with the new so call criminal president that was elected this month is the clue to get out of here asap.
@@GoYvon Oregon, USA. I’ve give an arm and a leg to live in Portugal, especially since the recent election. But no politics on this channel, let’s keep it happy and hopeful lol!
I live in a small city in Canada. I am single and it costs $2200 a month including my mortgage. That would be about 1500 euros
€1500,- isn't too bad in a small city. Of course, it depends on your income too and whether it's enough to live comfortably.
Are you crazy paying Greedy banks and intres rates going up wages not...its time to leave Canada...
De zorgverzekering in Portugal lijkt mij een stuk goedkoper dan in Nederland, zit daar ook een eigen risico bij?
Niet zoals in Nederland, wel voor sommige kosten een eigen bijdrage (klein percentage). Ik weet niet precies wat een zorgverzekering in Nederland kost?
@@GoYvon Ongeveer 190 per maand als je volledige dekking met ruime keuze inclusief tandarts wil hebben. Het is wat goedkoper als je voor mindere dekking met mindere keuzevrijheid kiest. Plus je hebt een eigen risico van 385 euro per jaar voor ziekenhuis behandelingen. En soms moet je tot 250 euro per jaar bijbetalen voor medicijnen, maar dat kan je aftrekken van het eigen risico. Afhankelijk van je inkomen krijg je een maandelijkse toeslag voor de zorgkosten dat kan oplopen tot 127 euro per maand voor de laagste inkomens.
Algarve is expensive!
Is it? Because it's more popular? Could you give some examples of prices to give us an idea?
😊
Where do you live in Portugal? 😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘
I live in central Portugal, between coimbra and viseu.
@@GoYvon 🌹❤️💯👸😘💋💋💋💋
I have been keeping an Excel list since August 2018. a year after I decided to stop working and retire. At the beginning it was just for fun to see what my income/expenditure behavior was like. Since the last two years with the incredible price increases, it has shown me that maybe it wasn't so wise to stop working at 47. But who could have expected that prices would double in just 2 years? The three of us live on €3,500 and we only manage that because I paid off the house in full before I retired. We don't live a luxurious lifestyle, but with 215 euros in electricity, 300 euros in heating and much more per month, life in Germany has become very expensive. We have been thinking about emigrating for a long time, Germany has just become cold and very unsafe. We no longer feel safe since 2015 and want to leave the country. Unfortunately, we haven't found a place that all three of us like yet. But maybe Portugal also has an idea. thanks for your video.
We can surely relate to your feelings, what with having two small children. We didn't like the atmosphere in DE, especially what was being taught in schools and kindergarten, so we made a few scouting trips and then left. We're still very much newbies here but the people are wonderful and the kids feel safe and great. If financially possible, try and find a place you could rent for a year or so here to get a better feel for the place. 3000€ p.m. is surely enough so don't give up on the dream just yet.
That are quite the prices for electricity and heating, no wonder people are struggling. If you look at your spreadsheets and compare 2018 with this year, what kind of percentage increase do you see? What makes you feel unsafe in Germany?
Where in Portugal did you move to? Good to hear that the children are feeling sae now.
@@GoYvon Whilst crime is not rampant, many cases of young, mostly migrant youths, rampaging in towns etc. and the police are clearly overwhelmed. Also, the gov is determined to have unchecked illegal migration so I think it'll get worse soon. In general, I don't like what Germany is becoming. We were lucky that I could take my work with me so left.