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If you’re smart, though, you can make cut backs doing things like buying an Internet phone package and tethering to your computer to save money on home WIFI.
You can buy fruit in bulk from the market instead of buying daily from stalls, or choose to take the Baht bus instead of taxis.
For example, we live within walking distance of a tube station, and have the luxury of a restaurant on site at our condo block.
That said, my apartment is a few stops out of central Bangkok – mainly because I wouldn’t want to live in Sukhumvit – but the money we save allows us to take regular holidays and stay in nice hotels. I don’t drink or smoke, so I save money on buying beer and tabs.
I did some pre-research on two cost of living sites, but I found them to be pretty off the mark, particularly when it came to housing.
That said, one took the average across the whole of Thailand, which again isn’t that useful.
m (4 stops to central – ฿8,000-9,000– Modern studio, 30 Sq.
If you’re reading this and thinking, “Man, I thought Thailand was a lot cheaper”, don’t let these numbers put you off.
It’s also worth bearing in mind that expenses do pop up here and there, and you’ll need to make provision for these: Think visa run/renewal expenses, travel insurance, trips back home replacing a broken phone or computer, etc.
So make sure you have some back up savings for emergencies.
If you’re retired with a tidy pension and savings account, then keeping a tight ship might not be on your agenda.
On the other hand, if you have kids or other dependents that will need a nest egg when you walk through the pearly gates, it makes sense to be smart with your money.
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But overall, Thailand still ranks as one of the cheapest places to live in SE Asia.