budget for a year

How to Budget for a Year Abroad

“Budgeting isn’t about limiting yourself — it’s about making the things that excite you possible.” The Financial Diet

Why Budget for a Year?

Moving abroad to teach English is a huge step, whether you plan to go for one year or to put down roots. How much money to take with you will depend on where you’re going, but a good rule of thumb is to save up at least 3 times your expected monthly income. Equally important is planning the whole budget for a year abroad. Download my free budget template and follow along. 

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auxiliar experience

Auxiliar Experience on CVs and Cover Letters

No two auxiliars experience the same working conditions, and auxiliars who have done multiple years know that experiences can even change from one year to the next. This post will help you learn how to tailor your individual experiences to the types of jobs you’re seeking.

If this will be your first year as an auxiliar , keep reading. This can help you make a plan for how to use your year abroad. Also, feel free to check out my article on how to plan your first class.

Even if your next job is another year as an auxiliar, read on. These strategies can shape your next auxiliar experience to help you gain the skills you need.

 

My Auxiliar Experience

First, let’s take a look at some of my job descriptions.

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3 Ways to Earn Extra Income in Spain

3 Ways to Earn Extra Income in Spain

This post contains affiliate links, which support this blog at no additional cost to the reader.

Finding ways to earn extra income is not a new concept to most people, from the Millennial “side hustle” to Dave Ramsey inspired “Dave Jobs,” every generation has its own methods for creating new sources of income. This isn’t any different for the auxiliar de conversacion. Here are 3 tried and true methods for earning a bit of extra money while teaching abroad, and one bonus way to start earning extra income before you even move abroad.

 

THE SIDE HUSTLE

According to CNN Money, 44 million Americans have a side job. Many people need these jobs just to keep up with their regular bills. One benefit of teaching English in Spain, is that you can avoid such inflated bills, since the cost of living is so much lower than many of our cities back home. As an auxiliar, you shouldn’t NEED extra income just to get by, but it can really help improve your travel opportunities. Extra income can also be used to pay down debt back home.

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Chosing a community in spain - airports in spain

Airports in Spain by Autonomous Community

It’s that time of year again. The holidays? Yes. But rather than a white Christmas, I’m dreaming of airports in Spain. Why? Because it’s time to start thinking about renewal as an auxiliar de conversacion. Or maybe next year will be your first year, and you’re not quite sure how to choose a region.

Since the application period will open just after the holiday season, it’s a good idea to start planning where you’d like to go now. Maybe you want to go to where the auxiliar income is the highest compared to the local residents. This is a great plan for living your day-to-day life in Spain, but what about our international adventure seeking readers?

For those of you who want to see as much as possible in a relatively short amount of time, it may be a good idea to make your regional choices based on which communities have the best access to airports.

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budeting for living expenses abroad

Creating a Budget When You Don’t Know Your Expenses

Creating a Budget

Creating a budget can be very overwhelming – especially when you’ve just moved and you don’t know what your expenses will be. I’ve definitely been there. When I arrived in Spain in 2015, I came with $2000 as my starter budget, but without a plan in place, I blew through over half of it before receiving my first paycheck. If I could do it again, what would I do differently? This is what I recommend for incoming auxiliares de conversacion.

I would begin by creating a budget using the 50/20/30 Rule. Here’s how it breaks down:

  • 50% of your income goes to cover your NEEDS – Things like rent, food, electricity, transportation, internet, etc. These are the absolute basics you will pay for every month.
  • 20% of your income goes to SAVINGS – You may need to buy a plane ticket at the end of the year. Or, if you’re staying in Spain over the summer, you’ll need a summer fund for when other opportunities dry up.
  • 30% of your income can go to WANTS – things that you could do without in a pinch, but make life more enjoyable: eating out, drinks, travel, new clothes, etc. These things are likely the reason you are here.

Creating a Budget with the Auxiliar Income

So how would it look for an auxiliar creating a budget based on this plan?

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salaries in spain

Average Income in Spain

Average Income: Why it Matters

Updated on December 7, 2020

Average income

The average income of a population is often overlooked when people prepare to teach abroad. We usually want to know how much we can make, and that information isn’t difficult to find. According to Go Overseas, the average income for an English teacher in Spain is between 700 and 1800 euros. As an auxiliar de conversacion, you know that your income will be between 700 and 1000 euros a month, depending on where you’re assigned to teach.

What may be more important than your actual salary, however,  is how it compares to the average salary where you will live. This will determine how comfortably you will live compared to other people in your city on your auxilar income alone.

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Travel Road Trip Map Direction Exploration Planning Concept

Planning a Road Trip

There’s just something romantic about the idea of a road trip. From watching American classics like Thelma and Louise, to reading books like On the Road by Jack Kerouac, the inspiration is everywhere.

Road Trip
Image source: intofilm.org

But, believe it or not, I have never actually been on a road trip in America. Although I would love to step back in time on Route 66, road trips in America are often very long and very expensive.

Traveling in Spain

In Spain, on the other hand, you’ve got a variety of cities and landscapes all within a relatively small country. The entire country is slightly smaller than Texas, after all.

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