Savings and Work-Life Balance

While I may not be wealthy, I’ve reached a point where money no longer dominates my life. My journey began in 2001 when I moved to the United States, seeking financial independence, unaware of the exorbitant costs that awaited me. From the very start, financial concerns consumed me, even while working over 40 hours a week for nearly two decades.

When asked about my life in the U.S., I often responded, “It was merely a cycle of work, sleep, and repeat.” The constant worry about finances and the pressure to work more left me feeling inadequate. The hustle culture in America is relentless; you feel compelled to work tirelessly just to get by. My spouse, also a nurse, worked even longer hours, yet our savings remained minimal—mostly bolstered by a settlement from a car accident.

Despite both being healthcare professionals, we couldn’t save more than 15% of our income. The burnout from such a lifestyle was overwhelming, and I realized this couldn’t continue indefinitely.

Many Americans might say, “If you’re not wealthy, it’s because you’re not working hard enough.” I’ve often heard sentiments like those from figures like Oprah, who emphasize personal responsibility. I want to shout back, “There are only so many hours in a week! Not everyone can be a hedge fund manager.”

Working in service roles like nursing or teaching often leads to financial struggles. And in America, falling ill can plunge you into an even deeper financial crisis.

Healthcare: A Vital Component

Health is a crucial aspect of our lives, and everyone inevitably faces illnesses. True financial freedom is unattainable without universal healthcare, a lesson I learned during my time in the U.S. The primary cause of bankruptcies there is well-known.

Consider this real-life example: My husband’s cousin, a recent Green Card holder in Denver, faced a health crisis when his wife fell ill. Unable to visit a doctor due to canceled insurance, she opted to forgo medical care, fearing exorbitant costs. This scenario is unique to the U.S. In Spain, I experienced the ER without any financial burden.

Here, residents can choose from a variety of healthcare options under a universal system. For just 60 Euros monthly, you can have comprehensive private coverage. The public system, funded through social security, imposes no co-pays or deductibles.

Education: A Supportive System

Spain’s public education system is robust, funded by taxpayers. Students aren’t burdened with endless fundraising or extensive supply lists each year. While university education may come at a nominal fee of around $800 annually, most of Europe offers relatively low-cost higher education.

Not having to save for college brings immediate relief, allowing us to direct funds toward investments, such as purchasing a small apartment for our daughter once she enrolls in university.

Properties and Living Costs

Living in Andalusia means property prices vary based on location. You can still find affordable homes in villages close to Granada, with prices ranging from $25,000 to $120,000, depending on size. Property taxes are minimal, often just a few hundred dollars annually.

Though some might argue that property prices in places like Kansas or Virginia are comparable, I lived in Denver for a decade and experienced the struggles of xenophobia as an Eastern European. I found it difficult to purchase a home in desirable areas, which is why I never owned property in the U.S.

Hobbies: Enjoying Life Without Breaking the Bank

Pursuing hobbies can be prohibitively expensive in the U.S., making it hard to enjoy leisure activities. For instance, singing lessons in New York City can cost upwards of $100 an hour, and community college tuition can be a financial burden for many families.

In contrast, Spain offers ample opportunities for outdoor activities without cost. Hiking and biking in the Sierra Nevada or Pyrenees are free, and we can explore national parks while enjoying picnics and scenic views without spending a dime.

Work: Shifting Perspectives

The United States has long been marketed as the land of opportunity, but that narrative is changing. Current income levels often lag behind inflation, leaving many struggling to make ends meet.

In Spain, the minimum income required for a comfortable living is about $1,000 a month, compared to $4,000 in the U.S.

Food and Clothing: A Healthier Choice

In Spain, food is both organic and affordable, benefiting from a climate that supports year-round agriculture. I’ve delved into the joys of Spanish cuisine and hospitality in a separate article.

I typically avoid buying branded clothing, opting for secondhand finds instead. My wardrobe includes a few unique pieces that I cherish, alongside some older items that I proudly wear.

Transportation: A Convenient Option

Previously, I owned a compact Toyota Aygo, but after an accident, I now rely on public transport, which I thoroughly enjoy. Buses run frequently and are affordable—1.23 Euros each way to Granada, with local rides costing just 0.88 Euros.

Walking around Granada is a pleasure, allowing me to appreciate its rich history and stunning architecture from the 10th century.

Final Thoughts

While we don’t live in luxury, we also didn’t enjoy that lifestyle in the U.S. We were frustrated by the high costs of necessities. Moving to Spain allowed us to escape that mindset and achieve a sense of financial freedom that doesn’t revolve around constant worry about money.

Being financially free doesn’t equate to having millions in the bank; it’s about having the time to pursue what you love. That’s what we’ve achieved, and I’m grateful for this opportunity.

Thank you for taking the time to read my story!