The cheapest places to live around the world

Are you tired of paying extortionate amounts for your rent each month?

Maybe you wish you had a little more extra cash to spend, or could find the money to eat at restaurants more often.

See also: Brits vow to cut back on spending as tough times loom ahead

See also: Cutting back in 2017: Financial hangovers and good intentions

Well, if that's the case, then have you considered moving somewhere more affordable?

Here are eight of the cheapest places to live around the world.

Chances are you'd save yourself a pretty penny if you upped sticks and put down roots in one of these places.

Barcelona, Spain
Total monthly budget: £1,280

Kota Kinabalu, Malaysian Borneo
Total monthly budget: £680

Santa Familia, Belize
Total monthly budget: £960

Granada, Nicaragua
Total monthly budget: £980

Las Terrenas, Dominican Republic
Total monthly budget: £1,000

Poblado, Colombia
Total monthly budget: £1,320

Chiang Mai, Thailand
Total monthly budget: £800

Carvoeiro, Portugal
Total monthly budget: £920

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Figures from Saga show that the over 50s now account for the majority of money spent by Brits on travel and tourism. They have the time to spare, the money, and they are healthy enough to take on the world.

A poll from Abta found that in the wake of pension freedoms, 35% of people were considering cashing in at least part of their pension to travel. A separate study by Senior Railcard found that pensioners take an average of three holidays a year, plus two weekends away, and 17 day trips.