How to save money in Ecuador
Did you plan your budget before your move to Ecuador? If so, how did you go about it?
How do you save money in your day to day life? Do you find there are any areas where you can't cut costs?
Do you have any tips about saving money in Ecuador? For example, getting the best deals on accommodation, grocery shopping and dining out, the best value transportation, etc..
Are there any apps or websites that have helped you to save money?
Thank you for sharing your experience.
Priscilla
- Opening a bank account in Ecuador - Guide
- Bank loans in Ecuador - 34 Replies
- Bank Fees Ecuador - 10 Replies
- Best bank for checking/saving account? - 22 Replies
- Payment methods in Ecuador - 14 Replies
- Ecuador's Cryptocurrency Has Come And Gone: Ecuador, 2014-2018 - 4 Replies
- AFS Son in Ecuador - How to wire $ - 7 Replies
Here on the coast a banana is a guineo (g- ee- nay - oh)
The difference in the price between asking for a banana and a guineo at a local tienda (not a "bodega" by the way) is between 5 and 10 cents.
That adds up!
Oh and corn...is choclo!
Find the tiendas you like, use them daily. Buy only what you need. Produce spoils so get into the habit of 1 tomato, 2 onions, a portion of a head of broccoli, 6 dented (teeth) of garlic. Talk, listen, laugh... Participate. Bring change! Ask for a yapa (freebie) after a few visits -- stalk of albahaca (basil). Show photos of the grandchildren! Soon what cost you $5 will cost you $4 ...
Be human. You have a few things and time, someone has a lot, kids, runs an almuerzo, yield the way.
Not all benefits are financial either. But I promise you will reap rewards.
Yes, but the budget was flexible, and adjusted accordingly within the first year to reflect actual costs and desired lifestyle.
How do you save money in your day to day life? Do you find there are any areas where you can't cut costs?
Grocery shopping at supermarkets, one can save on average 5-6% on a grocery bill by simply having a membership card. At times there are 3x2 deals and money can be saved there as well.
Gym membership is greatly discounted when it鈥檚 paid on an annual basis. This is only recommended if a person is committed or it鈥檚 a waste, but savings of 50%+ is possible.聽
Cinema prices are usually reduced on either Tuesdays or Wednesdays, and on other days you can receive a 10% discount by displaying a Mi Comisariato card at supercines.
Do you have any tips about saving money in Ecuador? For example, getting the best deals on accommodation, grocery shopping and dining out, the best value transportation, etc..
The best tip is to balance your budget with free and cheaper alternatives.聽 Cycling, picnicking is relatively free, and at times there are organized events, this month for instance the Astronomical Observatory is offering telescopic viewing of Saturn and its rings.
As for clothing, the best deals are the mid and year-end sales, especially at places like Zara which sell nice clothes.聽 聽
Are there any apps or websites that have helped you to save money?
is a cool app for food delivery, and at times they have deals that are exclusive to them whether it Pizza or Sushi.
is also good but for certain things. I use it quite a bit especially for items that are hard to find or items that are far away.聽 And some items sold are simply cheaper like coffee machines and other small appliances.
I find that the best way to save money is by being frugal.聽 Limit your spending as much as possible.聽 Examples are:
- Buy what you need instead of what you want (example: Pack your lunch for work)
- Learn to love saving more than spending
- Write down your goals and imagine yourself living the dream
Follow these and you will soon be living your dream!
Good luck!
Yvette
Also, when I buy any cheese, cubed or shredded, I wash the bags and save.聽 They are better than any ziplock bags and you can store onions or any produce that will fit in the bag for longer than normal with guaranteed freshness and no smell in the fridge.聽 And those are free also.聽 I also re wash any ziplock bags w/o any grease and reuse.聽 Since I bring my aluminum foil heavy duty from the US,聽 I wash and reuse lightly soiled foil for roasting veggies since the foil here is expensive and not heAvy duty.
I make my cleaning liquid by using vinegar, used lemon peels, cinnamon and cloves.聽 Let it set and once completed, start the next batch.聽 I now dust with vinegar water and lemon essential oils. It's all natural and works great, the lemon essential oil adds the extra shine to all wood.
I make my own stewed tomatoes, for half the cost of canned ones in the grocery store聽 and freeze the excess in glass jars I save from all my grocery purchases.聽 If you need a very inexpensive recipe, pm me.
I also make my own laundry detergent, which doesn't mess up my US HE washer and is cheap and last longer than the detergent here.聽 Diluted vinegar is a great laundry softner.聽 Unfortunately it's not As cheap as in the US. Aluminum foil balls in the dryer work well for a replacement dryer sheets and can be reused.聽
Just a few things/ideas I have lived by that help in being frugal.聽 My next project will be to grow my own veggies.
In answer to your question: If spending on what you need vs. what you want really increases your quality of life?聽
Of course it is based on an individual's quality of life expectations.聽 My point is, if you save early on in life, you won鈥檛 live life regretting bad choices like you said, 鈥淲hat I would do to have that money back, plus the money for designer clothes, purses and other things鈥.聽 It is a good thing to learn to be frugal in your younger years because you can enjoy more in life later on.聽 You can also have a better chance of financial stability which in turn gives you peace and happiness.
Yvette
Your very useful method to live frugally are of great value . I look forward to additional postings on this subject.
Thank you,
LaVeta
I also make my own lotion with oils, bees wax and essential oils.聽 Very healthy and lasts a long time.聽 Initial cost are expensive but overall cheaper and better than what u can get here.聽 If/when I move back to the US, I will continue to do these things.聽 Much healthier and great benefits without preservatives and added bad things.
Thanks for the great information. I hope you and others will send out more on adapting to life in Ecuador. I enjoyed this post and will put this information to use.
But an initial investment in bikes might be necessary unless you decide to rent private bikes, and forget about the publicly free bikes that are available as I haven鈥檛 seen a single person on them yet on ciclopaseo. Yeah, so get a bike that you鈥檒l be comfortable with and invest in some biking shorts with pads as well, especially if your bum is not used to prolonged riding.
Total cost so far: $0
Take along a backpack with a picnic blanket inside, some snacks and food, some games like 鈥渦no鈥, or chess, a nerf football, frisbee, or whatever you like and can fit.
It gets tiring biking after a while, and with what鈥檚 inside your backpack you can rest at
a park (Carolina or Ejido for instance) and simply picnic and enjoy some park activities.
Total cost so far: whatever snacks/food you bought.
Stop at a nice caf茅 and enjoy a nice cappuccino/coffee/espresso afterwards to spoil yourself a bit and it will be a fulfilling day that was well spent for hardly any money.
Make your relocation easier with the Ecuador expat guide

Work in Ecuador
Ecuador is famous as a retirement haven. But you might not want to wait until retirement age to move there and ...

Accommodation in Cuenca
The rose-colored lenses through which potential expats have been made to view Cuenca often blur how the real ...

Family and children in Ecuador
Family is everything to an Ecuadorian. The extended family unit is the most important aspect of life in Ecuador, ...

Retirement in Ecuador
For the past decade or so, Ecuador has moved between the number one and number two spots in polls that rank ...

Healthcare in Ecuador
Ecuador, as a fast-developing nation, has laws that are constantly evolving, but one thing is certain: the ongoing ...

General visa requirements in Ecuador
Ecuador's visa policy, one of the world's most lenient, makes it easy for tourists from almost all the countries ...

Driving in Ecuador
While public transport is prevalent country-wide and has a great reputation in Ecuador, you may choose to drive ...

Setting up a business in Ecuador
Forum topics on banking in Ecuador
大咖福利影院 for your expat journey



