The cheapest place in the world

The cheapest place in the world

One of the main reasons many foreigners emigrate to other countries is because they want to benefit from a better life with a smaller budget. In some countries, living expenses and taxes seem to be constantly rising, so many people choose to relocate. In this post we will look at some of the cheapest places in the world. We also provide tips for saving money when traveling abroad.
In the case of

Cheap place for foreigners to live in

Ecuador - There is only one place to start. This is in Ecuador. The reason why Ecuador is advancing is because it came to the top of Expat Insider's annual InterNations survey. Ecuador not only provided the lowest living expenses, but also the personal satisfaction among the foreigners living here was also very high. Only 6% responded that about 85% of Ecuadorian foreign students feel that they do not earn enough income for their daily living, and actively evaluate their fiscal satisfaction did. Another reason for the popular reason for Ecuador is that the housing is very affordable in the country.

Chile - Because people benefit from a semi-arid climate, Chile has become a beloved alien without paying the huge price of other nearby destinations like the American city. You can actually live in Chile and you can spend less than $ 1,000 per month. That country is also one of the most stable Latin America places, personal freedom is actually increasing. There are many things to love about this place.

Bahrain - Bahrain is currently said to be a Middle Eastern jewel for foreigners. This has emerged rapidly as one of the most popular spots. The HSBC Expat Explorer survey evaluates the quality of living across national borders. We offer many benefits that people need to live cheaply. Nonetheless, it is considered to be one of the best places for foreigners to work and live abroad. Foreigners enjoy a good balance. This is a westernized country with many employment opportunities, especially for people in the IT industry. Living expenses may be lower than other places mentioned in this post such as Chile and Ecuador. But in contrast to other countries of this standard, Bahrain is very cheap, as it certainly offers Western experience.

China - The next most valuable is China. China is dominant in terms of business, and the economy exceeds the United States on a scale. Due to low living expenses, China attracts specialists and new business. The majority of foreigners in China have aggressive experiences and have a great satisfaction as to the quality of life. About 60% of people say their income easily covers their daily expenses. Although this number may not look high, comparing it with 45% of the global average, you can actually see the difference.

Thailand - Thailand is certainly a foreign hot spot. Living expenses are surprisingly low. This is especially true for grocery shopping. You can do one store per week for less than $ 15. Many foreign workers report that the country is one of the best places to work. Besides this, medical treatment in Thailand is quite impressive. It is professional and modern, facilities are good. As long as you have a global health insurance plan, do not worry.

Expat Money Tips

Creating a budget - running a financial strategy is always a good idea. You need to establish a budget and define where you use your money. By prioritizing, you can prevent you from overpaying. Ultimately, moving overseas can be very expensive, and if you do not limit yourself, there is a possibility that you will spend more than you intended.

Talk to other international students - We recommend you talk with someone in your shoes. Ask for their advice. Often you are aware of the cheapest places to go and eat and shop for local people. If you move to a vacation destination and shop at a sightseeing spot, you will definitely spend more money than you need.

Invest in International Health Insurance - You can save a considerable amount of money by taking a global health insurance plan. In some countries medical expenses may be bad. Especially for foreigners who can not access free health care in particular. Therefore, for financial protection, we must look for international medical insurance. Doing so allows you to better manage your money while getting the peace of mind that you are protected if you get sick.

Use an offshore bank account - You can also get monetary benefits through the use of offshore bank accounts. By having an offshore account you can manage investment and savings with an efficient tax system. You can also use the exchange rate.


So, you have some insight as well as financial tips on some of the cheapest countries for foreigners. Evaluating the living expenses before moving to the country is absolutely necessary. All you need to consider. To manage too many plans and money is nothing like it is one of the most important steps for a successful foreign life. If you are migrating abroad without having a job, in order to live without a job for more than 18 months, we recommend that you confirm that you have enough money at least. It is always better to overestimate the necessary costs. The last thing that you want to do is to find that movement is more costly than expected, so it feels like you have to go back to your hometown.