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Living in the Dominican Republic: A Budget Breakdown

Discover the real cost of living in the Dominican Republic as the speaker shares their budget breakdown and insights on essential expenses and discretionary spending.

Budgeting and Expenses

πŸ’°The author initially had a budget in mind but ended up spending more than expected.

πŸ’ΈThe cost of living in the Dominican Republic is not higher, but the author chose to spend more money.

πŸ’³The video covers both essential expenses and discretionary spending in detail.

Living Expenses

🏠The speaker pays $160 a month for rent, which includes one bathroom and a balcony.

πŸ’‘The speaker does not pay for electricity and water, but pays for gas every six months.

πŸ“±The speaker pays $6 for their US phone bill and $21 for their phone bill in the current location, as well as $50 for internet.

FAQ

Is food more expensive in the Dominican Republic?

Yes, overall, food is more expensive in the Dominican Republic.

Is it safe to walk out at night in the speaker's location?

Walking out at night is generally unsafe, even in rich areas, due to petty theft and robberies.

Does the speaker feel safe in their current location?

The speaker felt safe walking in a dangerous area in the Bronx, despite the risks.

What is one drawback of living in the speaker's location?

One drawback is the need to carry cash in the speaker's location.

Can you end up spending a lot more money than expected in this location?

If you're not careful with your budget, you can end up spending a lot more money in this location.

Summary with Timestamps

πŸ€” 0:08The video discusses the author's experience of living in the Dominican Republic and how his spending has exceeded his initial budget.
πŸ’° 3:28The speaker discusses their monthly expenses, including rent, utilities, phone bills, and food.
πŸ‡©πŸ‡΄ 6:45Living in the Dominican Republic has its drawbacks, such as long drives to restaurants and higher prices for US brands.
πŸ‡ΊπŸ‡Έ 9:42There is a drastic difference in living conditions between poor and rich areas in the US, with poverty leading to starvation and a lack of safety.

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