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Would be good to have more information....I did indeed move from the Seattle area in order to save $$$, but I'm retired, so that's kind of a different story. Would you need to maintain two residences? I don't think you could save much if that were the case. I am saving a boatload of money at the moment, my total rent/utilities/insurance now cost me about the same as my monthly mortgage back in Washington state. I think in all, I am saving about $1,000 a month. Might help you get more accurate responses if you clarify exactly what your plan is and what kind of work you do, etc.
Moved back to Alabama from South Florida. The various savings have been substantial. Consider that when you are working in a high cost area you AREN'T working for yourself much of the time, but for others that know you can't avoid them, such as utility companies, insurance companies, landlords, etc. Gross income means nothing. What counts is what is left after required expenses. When you start crunching numbers, like commuting costs, COL costs, etc., working at some jobs you can end up losing money.
Anyone move to a less expensive State or Country to save $
Of course. Well, they try to.
However, saving on expenses at the price of lower overall income and other nice things?
Well, it takes some real calculation and evaluation to actually come out ahead.
Quote:
We have seasonal jobs...
Do you also have fully funded retirement plans? What about health insurance?
What about the skill sets needed to get one of the actually well paid jobs in the lower COL area?
Of course. Well, they try to.
However, saving on expenses at the price of lower overall income and other nice things?
Well, it takes some real calculation and evaluation to actually come out ahead.
Do you also have fully funded retirement plans? What about health insurance?
What about the skill sets needed to get one of the actually well paid jobs in the lower COL area?
Thanks for your reply. Want to repost my reply here just in case you missed it.
I am more interested in others experiences overall than trying to apply it to any personal hypothetical circumstance.
Of course. Well, they try to.
However, saving on expenses at the price of lower overall income and other nice things?
Well, it takes some real calculation and evaluation to actually come out ahead.
Do you also have fully funded retirement plans? What about health insurance?
What about the skill sets needed to get one of the actually well paid jobs in the lower COL area?
Thanks for your reply. Want to repost my reply here just in case you missed it.
With very few exceptions, COL, QOL and income opportunities go hand in hand. There is always a minority who can take a high(er) income profession to a low-cost area, but in general, expect both income and overall quality of life to take a dive if you move to a low cost of living area. If sitting around a rural area watching the crops grow is worth what you can make there, with likely reductions in all public services and infrastructure and low to zero chance of career growth, have at it.
It's the big boast of those on the slope to retirement - post career growth, post kids, post desire for any kind of entertainment or culture opportunities. Once your life is coming to a stop, you may as well do it somewhere cheap and at an economic standstill. And, bonus, you'll never run out of material on how much you're saving there.
With very few exceptions, COL, QOL and income opportunities go hand in hand. There is always a minority who can take a high(er) income profession to a low-cost area, but in general, expect both income and overall quality of life to take a dive if you move to a low cost of living area. If sitting around a rural area watching the crops grow is worth what you can make there, with likely reductions in all public services and infrastructure and low to zero chance of career growth, have at it.
It's the big boast of those on the slope to retirement - post career growth, post kids, post desire for any kind of entertainment or culture opportunities. Once your life is coming to a stop, you may as well do it somewhere cheap and at an economic standstill. And, bonus, you'll never run out of material on how much you're saving there.
My word, you're a lazy thinker. So basically, if you don't live in a large, high-tax state you will automatically live somewhere straight out of Green Acres?
Well, I moved, but not to save money. I moved to the midwest from Atlanta because I had to for a job. Atlanta hadn't recovered from the recession, so I had to go. I don't like where I live at all, BUT I save a ton. I'm maxing the 401k + saving $1500 a month, on average. Kind of a blessing since the great recession wiped me out. Having said that, ready to move back to Atlanta regardless of cost of living. Gotta have some quality of life in addition to saving.
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