Can people living on a shoestring retire in Costa Rica?

The answer is, “Yes.” But it depends completely on your lifestyle.

Costa Rica Retirement living shoestringOnce you settled and know all of the ins and outs about how to save money it is possible to live very cheaply. For sure you will live a whole lot better on the same amount of money here than you would live in the States. Most likely you couldn’t live for under $1000 in the Sates without you lifestyle really suffering. You would also be below the poverty line.

Here are some suggestions to help you retire on a shoestring.

  1. Get a ciudadano de oro card  to get discounts on many items and services. To obtain  one, you have to have a pensionado, rentista, inversionista or residencia cédula.
  2. Shopping at the weekend  farmer’s market or ferias where vegetables and other agricultural products are sold far below supermarket prices. Shop at low end supermarkets like Palí.
  3. Don’t by goods imported from the U.S.
  4. Use Internet cafés at $1.00 per hour instead of purchasing a computer or signing up for Internet service.
  5. Go to bargain matinees.
  6. Don’t buy a car.
  7. Take the bus or walk if you can.
  8. Conserve energy in your apartment.
  9. Look for free events to attend.
  10. Use the public health care system
  11. When you eat out do it like the locals do. For example, have lunch at the Central Market. Stay out of U.S. Fast-food restaurant.
  12. Don’t have vices like gambling, chasing.
  13. Do your own house cleaning and laundry.
  14. Look for a cheap hobby.
  15. Frequent the second-hand clothing stores.
  16. If you have talent barter.
  17. Don’t hang around with people who have expensive habits.
  18. In general try to simplify your lifestyle. Remember less is more and more is less.

One comment

  1. Paul
    #1

    Should I catch a vacation deal and come check it out? or, just fly one way into San jose.

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