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RE: Moving to Portugal's already reduced my basic cost of living expenses by 60%!

in LeoFinance4 years ago

Seems like a good set up and savings too! I'll be honest, I don't know the area very well and was wondering how cold it will get in winter? I guess that will dictate to some degree as far as what you'll need.

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It gets down to zero in late December and January at night, and around 12 in the day, but it rapidly picks up in Feb and stays quite warm into late November, so it's not too bad!

Ah ok, about like the city I live in here in Australia although zero is rare, it's more 1 - 3 at night.

Given the above I think your plan is good, logical, and that you'll be fine. It sounds pretty cool actually...I'd love to do similar, and have plans to do so but for now, with Faith's mum's situation, we're locked in. I'm sure you'll keep us informed. Loving it. :)

Hey cheers,

Life can lock you in sometimes, you just have to get out when you can!

I've just had a chat with Faith about taking a year off, we're both keen. It's not 2021, but will happen. We'll travel Australia (it's a big country so a year won't cover it all, not thoroughly). We're pretty keen and already set up to do it with out off-roader and off-road camper trailer. I mentioned you and what you've done and she has since read a couple of your posts...She's not jealous, just motivated to start our own adventure.

Good to hear it! I spent ages planning my exodus, still not quite long enough, I could have been better prepared, but I don't think you can cover everything!

Sounds like a great plan travelling Aus, will you rent the house?

I'll probably sell mine as by then I think my mother in law may not be with us anymore so we will have hers. I think we'd retain the house though, lock it up and pay the bills a year in advance. If we decided that we wanted to settle down somewhere we would be able to sell up at that time and relocate as needed.

Ah yes the double edged sword of the parent/ in-law with a house dying - you lose a relative, but suddenly become financially independent!

I've deliberately NOT planned my retirement around the fact that I'm an only child in such a situation, seemed a bit rude, but the fact is at some point in the next decade it's pretty much inevitable I'll end up with another house too.

Probably best to just have one empty property, they do cost to maintain them!