This is a question we get asked a lot. And the answer is, it depends!
There are some costs you simply can’t avoid – tax, healthcare, food etc. And then there’s some you can avoid – like having a car, the size of your solar system, and whether you buy everything or choose to make stuff yourself out of things lying around.
When we got on that ferry in January 2019, we were jobless and homeless – and I’ve never felt so free – what an opportunity to hit the reset button!
Our main priorities were to have financial freedom and a better quality of life. We wanted to live comfortably, but as sustainably as possible. That meant we were prepared to compromise on a lot of things, like the size of the house and land. Leaving a bit in the bank was more important that having an extra acre.
We bought the finca for €37,000 and knew it needed work to make it comfortable, and I would say we’ve spent another €20,000 achieving that.
There are lots of smaller bills along the way to achieving this move which really add up, and could cause a problem if not factored into the moving budget. Things like gestorias to get residency etc sorted – we’ve probably spent €1,000 ‘doing paperwork’ to live and work here legally. Storage and moving costs for the stuff back in the uk, rent for somewhere while you find a property – even though we spent 3 months in a tent we probably spent €2,000 on the tent and campsite costs in this time.
We spent around €3,500 on our solar system, and you have to remember that the panels and batteries will likely need replacing after 10 years. We can’t run washing machines, toasters, kettles or the like off this – we can charge things up during the day, have the wifi on and lights in the evening. The longer we’re here the less we use the electricity we do produce to be honest!
So, monthly ongoing costs – during the winter there’s firewood (unless your finca is big enough to give you the wood you need from pruning, which ours isn’t) – €5 -€10 a week. Gas bottles for cooking, hot water and the fridge comes to €40 a month. We do have a home insurance policy that also covers the trees etc outside – so if the whole lot burned down everything would be replaced – €250 a year. Healthcare costs vary, but having healthcare is a requirement here, not one you can get away with. Because I’m currently self employed I pay autonomo (social security) which gives us both state healthcare – the cost varies across Spain so I won’t quote figures and confuse things. The average cost for private healthcare seems to be roughly €150 a month, but this will depend on age and existing conditions etc.
For the finca there are ongoing costs to buy or replace tools, fertilizer, insecticide and fungicide, seeds or veg seedlings. These costs have gradually been reducing for us the longer we’re here as we pretty much have the hardware we need now. Factor in things like rotavators and chainsaws – these things are not cheap, but buying good quality ones that will last is definitely the way to go.
We are producing more veg, and I’m eagerly awaiting the arrival of my pressure canner, which will enable me to preserve excess veg, but we do still need to buy food – we’ll never be totally self sufficient – I think that’s a wildly unrealistic goal for the majority of people.
So living off grid is cheaper once you’re set up , and we do enjoy a simple life, but we still need probably an absolute minimum of €500 a month to live comfortably – a far cry from what our old life used to cost us each month!
For us, waking up in the morning and knowing that we don’t owe a penny to anyone in the world is priceless, and that the finca is 100% ours. The goal was to remove financial pressures – tick, and to have a better quality of life – tick, tick, tick!
I really hope this post gives some useful information and pointers to the costs involved. There are so many things to think about when making this move. Especially now we’re post Brexit – moving from the UK to an EU country has so many new rules and regulations – we certainly wouldn’t meet the new criteria. It would be tragic not to have done the planning before to make sure the dream could be realised – that’s probably the best advice we could give.