Simulation Of Living Costs In Bali, What Must Be Budget Entrepreneurs?

Illustration of life in Bali (Unsplash/rubenhutabarat)

YOGYAKARTA - The island of Bali is one of the areas in Indonesia that is often used as a vacation destination for both domestic and foreign tourists. Many people want to go to Bali because they are interested in the beauty of nature, culture, and customs that are still maintained and exotic.

Apart from being a vacation destination, many people also dream of being able to live or live in Bali. It is proven that many foreign tourists decide to change citizenship or marry an Indonesian citizen and then live in Bali.

The question that is often found is how much is living in Bali? Many think that the cost of living on the Island of the Gods is quite expensive because it becomes an international tourist destination. But it turns out that the cost of living in Bali is not as expensive as we thought.

There are several things that must be considered when you want to live in Bali, from where you live, basic needs, to lifestyle. Here's a description of the details of the costs required to live in Bali.

Residence is an important thing that must be considered when you want to settle somewhere, including in Bali. Home prices in Bali vary widely. You must first determine the type of place to live, whether to rape, rent a contact, or buy a house.

The choice of the type of place to live is also adjusted to your current status, whether you are single, married, or married and have children. If you want a boarding house, the average boarding fee in Bali starts at IDR 500 thousand - IDR 1 million, it could even depend more on the specifications of the room.

In addition, the choice of residence must also consider salary or monthly income. You can calculate the salary of working in Bali for example, with financial planning for other needs such as basic needs, transportation, and so on.

Basic needs are also fundamental things that must be included in financial planning. The cost of eating each person in Bali varies depending on the needs of each.

Computing food needs must also adjust to your status. One single meal is certainly different from a married person. For example, the cost of eating for single, a day can require Rp. 45,000 (for 3 meals). If this nominal is multiplied to eat one month, then the expenditure can reach Rp. 1 million.

The need for transportation also needs to be considered when staying in Bali. Calculation of transportation expenditure is adjusted to the vehicle used, whether using a motorbike, car, or public transportation.

In Bali, it is very rare for public transportation. Most people there travel by private vehicles, especially motorbikes. It doesn't travel long distances. So the expenditure for transportation there is not too big.

The condition of roads in Bali is also not too congested, although there are some points where the area is often congested. However, most road traffic is more lopsided. This of course can save more gasoline than driving in big cities that often experience traffic jams.

All human activities today cannot be separated from the internet. Therefore, internet quota has become a basic need when living in an area, especially urban areas. The money that needs to be set aside to buy internet quota, namely IDR 100,000 is enough.

The need for a lifestyle is relative because it relies heavily on each individual. The lifestyle greatly affects daily and monthly expenses. If the income is still in the UMP or below, it should be used for priority daily needs.

The safest way to manage finance is to implement a frugal lifestyle. In addition to allocating for basic needs, salary also needs to be set aside for savings or investment. Young people can do this by reducing consumptive spending that is not too important. It can also be by choosing a cheap place to eat or cook at home.

You also need to consider spending on entertainment and other costs. The need for entertainment is relative, depending on the interests and desires of each individual. Likewise with other costs.

If you look at the cost of your needs and salary working in Bali, it can be concluded that the cost of living in Bali is not as expensive as imagined. The latest determination of the Bali 2023 UMP has increased by 7.81 percent to 2,713,672. Meanwhile, expenditures rely heavily on individual financial management.

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