How to Manage Your Budget in Bali

Moving to Bali sounds like a dream, doesn’t it? Sun-kissed beaches, vibrant culture, and a laid-back lifestyle that feels like a permanent vacation. But before you pack your bags, there’s one crucial thing to get right: managing your budget. Bali living costs can vary widely depending on your lifestyle, but with a little planning, you can enjoy island life without breaking the bank. Let’s dive into how you can make your money stretch while soaking up the best of Bali.

Understanding Bali Living Costs: What to Expect

When you think about Bali living costs, what comes to mind? Maybe a cheap meal by the beach or affordable accommodation in a lush jungle setting. The reality is, Bali offers a range of options, from budget-friendly to luxury, and knowing where your money goes is the first step to managing your budget effectively.

Accommodation

Accommodation is often the biggest expense. You can find everything from simple guesthouses for around IDR 2 million (about $140) per month to luxury villas costing upwards of IDR 30 millions upwards ($2,000) monthly. If you’re planning to stay long-term, renting a villa or a house can be more cost-effective than hotels.

Food and Dining

Eating out in Bali is a delight and surprisingly affordable. Local warungs (small eateries) serve delicious meals for as little as IDR 20,000 ($1.40). Western-style restaurants and cafes will cost more, typically between IDR 50,000 to 150,000 ($3.50 to $10) per meal. Cooking at home can save you money, especially if you shop at local markets. Drinking alcohol with your meal can add up.

Transportation

Getting around Bali is easy and cheap. Renting a scooter is the most popular option, costing around IDR 600,000 to 800,000 ($40 to $55) per month. Taxis and ride-hailing apps like Gojek or Grab are also available an are the most reasonable and safe mode of transport.

Utilities and Internet

Utilities including electricity, water, and gas usually cost between IDR 500,000 to 1,000,000 ($35 to $70) monthly, (two bedroom house with 1 AC on every night and no pool) depending on usage. Internet is generally reliable and affordable, with packages starting at IDR 300,000 ($20) per month.

Entertainment and Activities

Bali offers plenty of free or low-cost activities like beach days, hiking, and temple visits. Paid activities such as yoga classes, spa treatments, or tours can range from IDR 100,000 to 500,000 ($7 to $35).

Affordable Balinese villa surrounded by greenery

Can You Live in Bali for $2000 a Month?

This question pops up a lot, and honestly, it depends on your lifestyle. But yes, living in Bali for $2000 a month is absolutely doable and can even feel quite comfortable.

Here’s a rough breakdown of how that budget might look:

• Accommodation: IDR 7,000,000 ($490) for a nice one-bedroom villa or apartment

• Food: IDR 3,000,000 ($210) for a mix of local meals and occasional dining out

• Transportation: IDR 800,000 ($55) for scooter rental and fuel

• Utilities and Internet: IDR 1,000,000 ($70)

• Entertainment and Miscellaneous: IDR 3,000,000 ($210)

  
  

That leaves some wiggle room for unexpected expenses or splurges like a weekend getaway or a fancy dinner.

Of course, if you want to live more luxuriously, $2000 might feel tight. But for retirees looking to enjoy a peaceful, comfortable life, it’s a solid starting point.

Tips for Stretching Your Budget Without Sacrificing Comfort

Managing your budget in Bali doesn’t mean you have to live like a monk. Here are some practical tips to keep your expenses in check while enjoying the good life:

1. Choose Your Location Wisely

Some areas like Seminyak and Canggu are trendy but pricier. Consider quieter spots like Ubud or Sanur, where costs tend to be lower, and the vibe is more relaxed.

2. Shop at Local Markets

Fresh produce, spices, and daily essentials are cheaper at traditional markets than supermarkets. Plus, you get to support local farmers and vendors.

3. Cooking versus dining out/takeaway

Cooking at home can be more expensive, although it's nice to prepare your comfort food, it can be more expensive than buying in a warung (local eatery) or using the GoFood or Grab applications for delivery .

4. Use Public Transport and Scooters

Avoid scooters unless you are an experienced rider, but remember you cab be experienced and there are plenty that are not. Using ride hail apps like GoJek and Grab (Uber equivalent) as well as taxis are chap and a more efficient way of getting around also without the hassle of finding parking.

5. Negotiate Rent and Services

Bargaining is part of the culture. Don’t hesitate to negotiate rent, especially for long-term stays, and services like cleaning or gardening.

6. Take Advantage of Free Activities

Bali is full of natural beauty and cultural experiences that don’t cost a dime. Beaches, waterfalls, temples, and hiking trails are all waiting for you.

Local market in Bali with fresh produce and vibrant colors

Planning for Healthcare and Insurance Costs

Healthcare is an important consideration, especially for retirees. Bali has good private clinics and hospitals, but costs can vary.

• Basic medical visits: Around IDR 300,000 to 500,000 ($20 to $35)

• Specialist consultations: IDR 500,000 to 1,000,000 ($35 to $70)

• Health insurance: It’s wise to have international health insurance that covers Bali, which can cost into the thousands of dollars annually depending on coverage. When choosing policies consider self insuring on dental, outpatient and limiting the countries the insurance is applicable in order to get better costs.

  
  

Regular check-ups and preventive care are affordable, but for major treatments, you might want to consider traveling to nearby countries like Singapore or Thailand.

How to Handle Banking and Money Transfers

Managing your money smoothly is key to stress-free living. Here are some tips:

• Open a local bank account to avoid foreign transaction fees.

• Use international money transfer services with low fees and good exchange rates.(WISE)

• Keep some cash handy, but don’t carry large amounts for safety.

• Credit cards are accepted in many places but not everywhere, so plan accordingly.

  
  

If you want to learn more about the practicalities of Bali living, including budgeting and lifestyle tips, check out Bali Insight Living for comprehensive guides and trusted advice.

Embracing the Bali Lifestyle Without Breaking the Bank

Living in Bali is about balance. It’s about enjoying the simple pleasures - a morning walk on the beach, fresh tropical fruits, and the warmth of the community - while being smart about your spending. With a bit of planning and flexibility, you can create a budget that supports a fulfilling, relaxed life on this beautiful island.

So, are you ready to start your Bali adventure with confidence? Managing your budget doesn’t have to be a headache. Think of it as part of the journey to your new home, where every rupiah spent brings you closer to that perfect sunset view.

If you would like to learn more and discuss your aspirations without any obligations then dont hesitate to schedule a free 20 minute call where we can answer your questions.