Finances in Mexico Archives - Page 2 of 5

Lakeside Retirement Budget Planning

When planning a move Lakeside, one of the best things you can do for yourself is to plan your Mexico budget in advance. Of course you will inevitably make adjustments once you are on the ground in Mexico, but having a proposed budget will give you the peace of mind you need when making a major life move. While prices have risen in recent years, the good news is that Lakeside life is still quite affordable with careful planning. Visa Costs - the Bottom Line Your first expenditure once you've made the decision to move to Mexico will be your resident visa. To get some detail on the … [Read more...]

The U.S. and Mexico – Brothers From Another Mother

Jorge Ramos is a well-known Mexican American journalist and newscaster who has written numerous books, including the recent Stranger: The Challenge of a Latino Immigrant in the Trump Era. In this wide ranging interview in Mexico City, he discusses the election of the new Mexican President Andrés Manuel López Obrador, commonly known as AMLO, and interviews Americans living in Mexico and Mexicans who have returned from the U.S. This is a great birds eye view of Mexico today and why ~1.5 million Americans choose to make Mexico their home. Check it out and join us for one of our intensive … [Read more...]

Mexico Banking Basics

Now that we've talked about Mexican currency, let's review some banking basics. Whether you are a visitor, snowbird, or making a permanent move to Mexico, knowing how and where to bank will help free your time for the all the things you really want to do as part of your Mexico vacation or life. It's Easy! First and most importantly, no matter what you may think or have heard, banking in Mexico is not difficult. It can be as simple as using your U.S. ATM card in an ATM machine for most daily transactions. The ATM machines charge a variety of fees ranging from ~$1.50 US to ~$4.50 USD per … [Read more...]

Watch Those Pesos…

They Spend Like Real Money! While Mexican money may look like Monopoly money at first glance, it spends just like real money, so it's good idea to get familiar with the Mexican peso before you arrive. If you're not used to dealing in more than one currency, it can feel daunting at first to convert from your home currency to pesos quickly and confidently. It's common to see flustered people thrust a handful of cash and coins at cashiers in Mexico so that vendors could pick out the appropriate amount from their hands. That's NOT the recommended way of doing things, even though there are many … [Read more...]

Is It Too Late to Move to Ajijic?

There is a lot of current social media buzz about the flood of foreigners moving to Ajijic, rising prices, etc. A recent video by Tangerine Travels points out some of the drawbacks of Ajijic and generated a flood of comments. Additionally, some people say the town is ‘full’ and the expats are ruining the character of the town. So let’s look more in depth at the ‘ugly’ side of Ajijic: Rising Real Estate/Rental Prices It is true that prices for both home purchase and rental are rising. The Tangerine video stated that there is nothing available for purchase in Ajijic for less than $250,000 … [Read more...]