Living In The Philippines Forum

Contributions By Members => Living Costs in different areas, cities, provinces => Topic started by: henry on October 15, 2008, 07:04:47 AM

Title: Hi,its henry.....do I have enough money??
Post by: henry on October 15, 2008, 07:04:47 AM
Hi,its henry here.
hope everyone is doing good today.
well i had a shock today....i own a property 500 ft from the beach in the uk,i had it valued today by a local surveyor....because of the decline in property values the price was not what i hoped it would be....I was going to sell and use the profit to come to the phils with my phil G/F and  my son.

I do have $45,000 in savings in Florida but im thinking it would not be enough to do what I wanted to do in the phils.

So,as experts in the phils what do you think is enough to go to the Phils with,would anyone of you go to the phils with $45,000??.....based on a very conservative approach to living expenses etc how long would the $45,000 last,I have substantial US pension coming due in 5 years and Brit pension kicks in,in 7 years,and of course hope that property prices may increase soon enabeling me to sell the UK property asap.
thankyou.
Henry.
Title: Re: Hi,its henry.....do I have enough money??
Post by: on October 15, 2008, 07:59:53 AM
I think I would wait until the pension kicked in at least one of them. Money has a way of being used up fast when you move to a new locality.
Title: Re: Hi,its henry.....do I have enough money??
Post by: on October 15, 2008, 08:50:19 AM
Hi,its henry here.
hope everyone is doing good today.
well i had a shock today....i own a property 500 ft from the beach in the uk,i had it valued today by a local surveyor....because of the decline in property values the price was not what i hoped it would be....I was going to sell and use the profit to come to the phils with my phil G/F and  my son.

I do have $45,000 in savings in Florida but im thinking it would not be enough to do what I wanted to do in the phils.

So,as experts in the phils what do you think is enough to go to the Phils with,would anyone of you go to the phils with $45,000??.....based on a very conservative approach to living expenses etc how long would the $45,000 last,I have substantial US pension coming due in 5 years and Brit pension kicks in,in 7 years,and of course hope that property prices may increase soon enabeling me to sell the UK property asap.
thankyou.
Henry.


Hi Henry,

I am in the process of selling my property in the UK now, I have lost some money, but I wanted to get on with building my house here. I think you may have to wait quite a few years before property recovers its value.

You could let out your property in the UK, and providing you do not have a large mortgage, the income would be more than enough to rent property here. The additional income added to your $45,000 should be enough for you to live here until you get your pensions. I assume you are married to a Filipina, but do you have any children to support? The other thing to consider is medical expenses. Unlike the UK you have to pay for everything, but not too expensive unless you have a serious problem. We can live reasonably on around P120,000 and that includes P15,000 rent plus help for family members schooling and some medication. We have never broken down the costs but there are some good examples elsewhere on the forum.

Colin
Title: Re: Hi,its henry.....do I have enough money??
Post by: larry on October 15, 2008, 10:42:14 AM
my self i would go for it !!! stretch ur budget stocks are back ! if the faim wants to borrow then  ur aswa should point them in the right direction  U  That will save u 50   per cent    ::) !! Ithink life is what u make of it having been there and done that  i will leave here USA, Nov 3 and live again  VIVA RP !!!! Land ;D of respect and the  way it once was here !!And know that i will do it on what ever i budjet i select  by the way  we have 6  ;kid\'s  D ;DAuction to be  oct 18 !!!
Title: Re: Hi,its henry.....do I have enough money??
Post by: Beatle on October 15, 2008, 10:57:54 AM
Hi,its henry here.
hope everyone is doing good today.
well i had a shock today....i own a property 500 ft from the beach in the uk,i had it valued today by a local surveyor....because of the decline in property values the price was not what i hoped it would be....I was going to sell and use the profit to come to the phils with my phil G/F and  my son.

I do have $45,000 in savings in Florida but im thinking it would not be enough to do what I wanted to do in the phils.

So,as experts in the phils what do you think is enough to go to the Phils with,would anyone of you go to the phils with $45,000??.....based on a very conservative approach to living expenses etc how long would the $45,000 last,I have substantial US pension coming due in 5 years and Brit pension kicks in,in 7 years,and of course hope that property prices may increase soon enabling me to sell the UK property asap.
thankyou.
Henry.


   Henry,
               If you have $45,000US  that will last you 5 years if you do not spend any more than $750US a month. But since you need to take into  effect other unknown expenses, if you were to go to the Philippines now, it would be best to at least save $150.00/month after arriving , that will leave you $600US/month to live on.   Is that doable?   Yes, But you would have to live a very frugal lifestyle.  How does that lifestyle compare to your lifestyle now?

     Ray
Title: Re: Hi,its henry.....do I have enough money??
Post by: henry on October 15, 2008, 04:53:12 PM
Hi,its henry.
Thankyou for all your replies.I think that I am gonna go for it!
Weve lived in Florida for 30 years and we are used to the sun and the heat.....especially the sun and there aint much of that in the UK.
I have a phil G/F but she doesnt want to go to the phils for another 3 years,I also have a 25 year old son who is a pilot and would like to fly for an airline in the phils now.

I understand that there is always unexpected expenses etc and one always blows a bunch of money on things when you first set up in a new place....but we dont mind being tight until the pension kicks in.

hope you all have a great day today and thankyou for your great comments and advice.

henry.
Title: Re: Hi,its henry.....do I have enough money??
Post by: coutts00 on October 16, 2008, 05:48:13 AM
Henry,

Do an exploratory trip for 3 months, look around at where you potentially want to live but also remember your Filipina on whom so much of your happiness will be based. If she does not want to make the leap right now wait it out. Get her to commit to the time frame and make a few trips, sight out the land of plenty and beautiful smiles to boot.

Remember you will burn through 5 - 10k of that 45k just setting up your house, money for the ref, washing machine, freezer, stove with an oven, gas bottles, furniture for the sala and of course the mandatory beds etc. Not to mention the need for transport upon your arrival, maybe a bike or a simple car with aircon will take another 5K from your budget. Please take all of these things into account.

Wayne
Title: Re: Hi,its henry.....do I have enough money??
Post by: c_a_p_t_a_i_n_r_o_n on May 15, 2009, 02:37:55 PM
We can live reasonably on around P120,000 and that includes P15,000 rent plus help for family members schooling and some medication. We have never broken down the costs but there are some good examples elsewhere on the forum.

Colin

Yeeks Colin!!! We get by nicely on around 60-70,000.
Rent 9k, electricity 4k, phone and internet 3k, food 8-12k, 2 nieces in university, 1 in private school

That\'s for me, Glo, 3 nieces (22, 17 & 10 years old) and occasional assistance for Glo\'s 7 brothers/sisters and their families
Title: Re: Hi,its henry.....do I have enough money??
Post by: Lee2 on May 15, 2009, 03:13:48 PM
Henry, I think you are taking a big gamble moving to the Philippines with no income  :o but I sure wish you luck my fellow Floridian.

I know of guys living here in Cebu City on as little as $800 a month with their wives but they do not use air conditioning and have gotten used to the heat. :o I would die, :D but I am spoiled.  ;D

Anyway, back to you, if you can find a place out in the boonies here, you could easily live on a lot less if you do without all the creature comforts. I know of one guy living on less than $200 a month, but is that really living,  ::) some may disagree. I think he is existing and surely not having any fun. I guess we all have different needs and wants and I want to enjoy everyday to the fullest.  8)

Again, good luck and be sure to check back in and let us know how you are doing.
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 15, 2009, 09:08:01 PM
We can live reasonably on around P120,000 and that includes P15,000 rent plus help for family members schooling and some medication. We have never broken down the costs but there are some good examples elsewhere on the forum.

Colin

Yeeks Colin!!! We get by nicely on around 60-70,000.
Rent 9k, electricity 4k, phone and internet 3k, food 8-12k, 2 nieces in university, 1 in private school

That\'s for me, Glo, 3 nieces (22, 17 & 10 years old) and occasional assistance for Glo\'s 7 brothers/sisters and their families

We could also get by nicely on 60-70,000, and some months we do, but I don\'t choose to budget, I don\'t want to just get by I want to live reasonably.

Colin
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 17, 2009, 06:27:59 PM
Hello Henry,

Many posts on this and other sites reflect monthly expenses of less than $1,000, with many around $1,500, and a few ranging near $2,500.  Since I would rather be pleasantly surprised than to find the costs to be more than I anticipate --- in an effort to over-estimate the costs of living, I collected the highest cost for each item that I saw posted by anyone on this forum and several other sites.  Obviously, the upper limit on many items could be increased to whatever one wished to spend, but the following would seem to be the most one would need to spend for a more than comfortable   8)  lifestyle.

Again... this \"budget\" is not intended to reflect how much it is actually necessary to spend, but rather the upper limit of what is being spent by the highest spenders who have posted their expenses.     

Monthly Budget
Rent - 40,000
Electricity (aircon, etc) - 10,000
Fuel/expense (vehicles) - 5,000
Propane (cooking) - 700
Drinking water (bottled) - 700
House water - 800
Broadband/DSL - 2,000
Cable/Sat - 1,000
Cell phone - 2,000
Local phone - 800
Food (groceries only) - 15,000
Food (eating out) - 5,000
Household Misc (bug spray, cleaning supplies, etc) - 1,500
Personal care (shampoo, toothpaste, etc) - 1,500
Entertainment - 15,000
Helpers - 5,000
Insurance (health) - 5,000
Immigration fees - 1,000
Family assistance - 15,000
Misc - 20,000
Total – P147,000 (approx. $3,100 at approx. 48 to 1)

I know from prior posts that many on this forum are spending far less than above on many items, but if anyone is spending more for particular items, or if there are other items you are spending on, please post them.

Thank you, Tom.
Title: Re: Hi,its henry.....do I have enough money??
Post by: coutts00 on May 18, 2009, 06:55:19 AM
Thanks Tom,

Very concise and to the point, we should actually list this post under another heading for anyone looking for actual costs of living here. Some are a little over the top, like the rent etc, but the rest of it is actually quite close.

Wayne  ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 18, 2009, 04:45:55 PM
Thanks Tom,

Very concise and to the point, we should actually list this post under another heading for anyone looking for actual costs of living here. Some are a little over the top, like the rent etc, but the rest of it is actually quite close.

Wayne  ;D

Wayne,

I thought this was the heading (Living Costs.....) where this should be posted.  Let me know if there is somewhere more appropriate and I\'ll \"cut n paste\" it there. 

I realize some of the items are above most of the reported spending, but I intentionally went with the high end of the bell curve of what I could find reported on this and other sites.  I know that all of our goals after the move are different, many dictated by our specific circumstances, but since several have reported the above costs, I assume they feel the costs are necessary to meet their goals.  Some higher costs were reported, but I felt they were just too far out of the reported norm, e.g., rent P150,000; electricity P20,000; food P25,000.   :o

I have gleaned a lot of information from your posts over the last two years while I was trying to map out my general plans.  I appreciate it, and any additional thoughts you have would be appreciated.

Tom

         
Title: Re: Hi,its henry.....do I have enough money??
Post by: coutts00 on May 18, 2009, 05:47:17 PM
Tom,

Not so much that this is not the right place to put it, but some of this info could be put in a facts area. Often even with the search function that most don\'t use, there is so much info that wading through it will put some people off. If some of this info was put in a frequently asked questions area, and updated regularly, it wold serve a lot of people. It could be broken down into regions or Island groups, cities and provinces. If living in Manila or environs electricity will cost 10k php for a 3 bedroom house 2 air conditioners 2 computers 3 TV\'s and 1 ref and 1 freezer. That sort of thing, peoples examples may vary but it will give an example of costs.

It might help a lot of our members who don\'t necessarily want to go wading through the data to find what they are looking for. I might bring it up with Jack at some point, if I can remember to. He does not use his skype much these days so we rarely stay in touch.

Wayne  ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: Gray Wolf on May 20, 2009, 12:01:34 AM
Awww Wayne, it\'s not that I don\'t miss our engaging conversations, it\'s just that Jack be busy working trying to earn enough money to live his dream while there\'s still time to enjoy it and before the politicians in the US take everything I own!   ;D

Everything you say about the \"new\" topic is exactly what we have already.  I see no need to start a new section that has essentially the same info we have already.   ???

Tom\'s post gives what he planned, basically the upper middle class lifestyle expenses.  Or am I missing something?
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 20, 2009, 09:32:05 AM
Awww Wayne, it\'s not that I don\'t miss our engaging conversations, it\'s just that Jack be busy working trying to earn enough money to live his dream while there\'s still time to enjoy it and before the politicians in the US take everything I own!   ;D

Everything you say about the \"new\" topic is exactly what we have already.  I see no need to start a new section that has essentially the same info we have already.   ???

Tom\'s post gives what he planned, basically the upper middle class lifestyle expenses.  Or am I missing something?

I believe what Wayne is suggesting is a new section, perhaps at the top of the main page, entitled \'FAQ\'. This could contain subsections as he suggested with typical questions. The subsections could then contain links to the relevant information, a sort of simple index. Seems a good idea to me  ;)

Colin
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 20, 2009, 07:07:06 PM
Tom,... If some of this info was put in a frequently asked questions area, and updated regularly, it wold serve a lot of people... I might bring it up with Jack at some point...  Wayne  ;D

Everything you say about the \"new\" topic is exactly what we have already.  I see no need to start a new section that has essentially the same info we have already...  Or am I missing something?

I believe what Wayne is suggesting is a new section, perhaps at the top of the main page, entitled \'FAQ\'. This could contain subsections as he suggested with typical questions. The subsections could then contain links to the relevant information, a sort of simple index. Seems a good idea to me  ;)
Colin

Hello Wayne, Jack and Colin,

I think we may be mixing apples and oranges a bit.  In looking at the format of the Forum, the entire Forum design is essentially arranged as a giant FAQ section, i.e., the \"Board\" titles effectively serve as the FAQs and the \"Topics\" & \"Posts\" furnish the answers &/or relevant information.  The \"Categories\" serve to group related \"Boards\" (i.e., FAQs).   

Therefore, a typical FAQ section would be redundant and encompass a great deal of the substantive information already contained within the Forum posts.  This seems to be the concern noted by Jack in his post.

However, a FAQ section with minimal responses coupled with direction to (or links to) the appropriate area of the Forum could be very helpful.  I believe this is similar to what Wayne and Colin are suggesting.  Such a blended FAQ section would provide very quick & short responses, but primarily serve as an index or gateway to the Forum information. 

Example, Q - How much money do I need to live in the Philippines?  A - This depends on the lifestyle you wish to maintain and the area in which you wish to reside.  Refer to the information in \"Living Costs in Different Areas, Cities, Provinces\" under the Category \"It\'s Your Money.\"     [ ;D ;D ;D I know that is not the Category it is under... but it should be. see my comments below]       

Example, Q - Can an expat find a job in the Philippines?  A - Except in very limited circumstances, most expats are unable to find employment in the Philippines?  Refer to the information in \"Working in the Philippines\" under the Category \"It\'s Your Money.:  [ ;D ;D ;D  Yes, I know that Board does not exist, but see my comments below concerning some fine-tuning to the Forum Boards.]

In summary, I think a FAQ, structured as above, would be very helpful in directing viewers to frequently sought information and thereby avoid some basic questions from being repetitively asked, thereby also avoiding the creation of multiple overlapping Topics, often scattered among several Categories.  I think the most appropriate and manageable location for such a FAQ section would be to create a Board immediately after the \"Hello and Welcome!\" titled FAQ, with instructions of \"Find short answers to frequent questions, and directions to more extensive information contained within our Forum.\"  Of course, this Board would be locked for Postings or modification other than by the Administrator or others granted access.

COMMENTS -- Regardless of whether a FAQ is added, as any Forum grows, and new Boards, Topics and Posts are added, certain information and threads needs to be relocated.  (Jack, I honestly don\'t know how you find time to read and move topics as well as you do.  Must be a labor of love. :) )

In that regard, I believe a few Boards and Topics would be more appropriately placed and consistent with their content, and that of the Category, if they were moved.  I would humbly offer these suggestions:


1)  A new Board, \"Working in the Philippines\" needs to be set up just below the Board \"Starting and Running a Business\" under the Category \"Its Your Money.\"

2)  \"How can an American Find a Job in the Philippines\" in \"Relationships\" under \"Living in the Philippines\" needs to be moved to the new Board \"Working in the Philippines.\"

3)  The Board, \"Living Costs in Different Areas...\" needs to be moved to just below the new Board \"Working in the Philippines\" under the Category \"Its Your Money.\"

4)  \"Determination to be with my Family\" in \"Relationships\" under \"Living in the Philippines\" needs to be moved to the Board \"Living Costs in Different Areas...\"

5)  \"Semi-retiring to the Philippines\" in \"Not Sure Where to Post...\" under \"Post Your Questions Here\" needs to be moved to the Board \"Living Costs in Different Areas...\"

6)  Hi, its henry....do I have Enough Money\" in Living Costs in Different Areas...\" needs to have \"Hi, its henry\" deleted from the Topic name.   

7)  The Board, \"Sports and Leisure\" under the Category \"Getting Prepared for the Philippines\" needs to be moved to just above the Board \"Book Club\" under the Category \"Contributions by Members.\"

8)  The Board, \"Hobbies and Interests\" under the Category \"Getting Prepared for the Philippines\" needs to be moved to just above the Board \"Sports and Leisure\" under the Category \"Contributions by Members.\"

9)  This post by Tom, and the last posts in this thread by Wayne, Jack and Colin, need to be moved from this thread to a new thread... or moved to Jack\'s private files where he can ignore  >:( , consider  :),  decide against  :\'(, or implement  :) :) :) as he in his ultimate wisdom sees fit.  ;D

Seriously, if the decision were to be made to create a FAQ section, if I could be of any assistance to you... suggested Q & A, editing, etc., I would be happy to do so.  Similarly, if there is any Forum \"housekeeping\" you feel I could assist you with (I don\'t see a facial expression for \"yeah, right,\" maybe this will suffice -  ::) ), don\'t hesitate to ask.

Sorry this post is so \"long-winded,\"... I got carried away.

Tom     

   
 

             

Title: Re: Hi,its henry.....do I have enough money??
Post by: coutts00 on May 20, 2009, 08:43:54 PM
I have never known an attorney who could say 10 words take any less than 2000 to explain the 10. ;D

Wayne :D
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 20, 2009, 09:58:15 PM
Seems to me that we have a new moderator in the making  ;) ;D ;D ;D ;D ;D

Colin
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 21, 2009, 06:36:54 AM
I have never known an attorney who could say 10 words take any less than 2000 to explain the 10. ;D

Wayne :D

Wayne -- Hey, just bear with me... I\'ve only been retired a few months.  It takes time to learn that your not being paid by the word, or that you can\'t win by \"talking the other person to death.\" 

Colin -- \"Moderator\" !!!  Yikes,  :o ... sounds like a code word for \"work.\"  To me it would seem to be more relaxing to just offer long-winded opinions and snipe at Jack from the sidelines.  ;D

Tom 
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 21, 2009, 12:27:08 PM
Back to the basics of the thread.

I read the post(s) listing what is spent to live in the Philippines.

There\'s one life style with a P40,000 monthly rent, WILL NOT, fit the budget in question, PERIOD!!

A comfortable fully furnished housing and setup to most foreign standards, (not standard Pinoy), can be found at 1/4 that monthly rent and most likely 1/4 the size or less also. And depending on where in the Country you will set roots.

A somewhat safe figure to use for figuring monthly overhead cost anywhere, should fall around 1/3 your monthly income. Your monthly income will set your life style also!

If in the Philippines on a visitors visa, the cost to renew and the trip out of the country must be part of the budget.

I think you can find the average expat living somewhere in the Philippines on $1,000 a month and at the lower end, $5-600 a month and NOT living native that some expats CAN\'T figure how that\'s done!  ;D For those, the exchange rate sets the life style. For those at the upper end, they still complain about the exchange rate!! Maybe more so?  :P

We know personally, in house, for 3 years now, (retired here almost 5 yrs), can\'t say how or I\'ll have me head rolling on this boards floor, that foreigners live comfortably on P20k to P35k a month with AC, cable TV and cable internet and take a hot/cold shower when they want at P10,000 monthly rent.
B-Ray Bacong, Oriental Negros Island   

 

 
Title: Re: Hi,its henry.....do I have enough money??
Post by: c_a_p_t_a_i_n_r_o_n on May 21, 2009, 02:24:39 PM
Back to the basics of the thread.

I read the post(s) listing what is spent to live in the Philippines.

I think you can find the average expat living somewhere in the Philippines on $1,000 a month and at the lower end, $5-600 a month and NOT living native that some expats CAN\'T figure how that\'s done!  ;D

Ray, the only time I\'ve seen $5-600 a month mentioned is where people have already bought and built their house so rent and furnishings already taken out of the equation
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 21, 2009, 04:25:11 PM
I read the post(s) listing what is spent to live in the Philippines.
We know personally... that foreigners live comfortably on P20k to P35k a month with AC, cable TV and cable internet and take a hot/cold shower when they want at P10,000 monthly rent.
B-Ray Bacong, Oriental Negros Island  

B-Ray,

I would love to \"live comfortably\" on P20K a month as you posted, but I just can\'t seem to make the numbers fit.  I\'ve copied the P147,000 budget from my post above, absent amounts except for the P10K rent you provided, and it would be very helpful to me if you could fill in the monthly amounts that will total P20K on which \"foreigners live comfortably.\"  Thank you in advance for providing this information.  Tom.       

Monthly Budget
Rent - 10,000
Electricity (aircon, etc) -
Fuel/expense (vehicles) -
Propane (cooking) -
Drinking water (bottled) -
House water -
Broadband/DSL -
Cable/Sat -
Cell phone -
Local phone -
Food (groceries only) -
Food (eating out) -
Household Misc (bug spray, cleaning supplies, etc) -
Personal care (shampoo, toothpaste, etc) -
Entertainment - 
Helpers -
Insurance (health) -
Immigration fees -
Family assistance -
Misc -
Total – P20,000   (approx. $425 at approx. 47 to 1)

Title: Re: Hi,its henry.....do I have enough money??
Post by: coutts00 on May 21, 2009, 06:16:09 PM
Cheapest I have done it for, living in the province with access to very little, no entertainment, minimal everything else, was 35k a month, and we lived like locals no aircon, fans only, no car, bikes only, and still it was expensive.

Wayne  ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: Steve & Myrlita on May 21, 2009, 11:18:32 PM
Here\'s our layout here in Bacolod City:

Monthly Budget
Rent to own from her brother - 1500 Wife owns it.
Electricity (air con, etc) - 2000 No AC, 2 comps, 2 fans, 1 MW, 1 Ref, 1 TV
Fuel/expense (vehicles) -  No vehicle but 3000 for trikes taxis and jeepneys
Propane (cooking) - 160 That\'s 510 for 11kg tank lasting 2.5 mo.
Drinking water (bottled) -600 (19L jugs at 50 each)
House water - 600
Broadband/DSL/Land line PLDT - 1750
Cable/Sat - 0 Not available in this Purok.
Cell phone - Mine Smart Gold 800, Myrlita\'s Smart Buddy 500
Local phone - See DSL
Food (groceries only) - 6000
Food (eating out) - 5000
Household Misc (bug spray, cleaning supplies, etc) - 1000
Personal care (shampoo, toothpaste, etc) - 1000
Entertainment - 0 Unless you count church.
Helpers - 600 Girl does laundry 200 each 3x
Insurance (health) - 100 Philhealth
Immigration fees - 13A
Family assistance - as needed only
Misc - medicines 5000
Total – P29,610   (approx. $630 at approx. 47 to 1)

That\'s taking care of 4 total including 1 teenager in HS
This varies +/- 10%

God Bless
Title: Re: Hi,its henry.....do I have enough money??
Post by: c_a_p_t_a_i_n_r_o_n on May 22, 2009, 05:01:04 AM
I read the post(s) listing what is spent to live in the Philippines.
We know personally... that foreigners live comfortably on P20k to P35k a month with AC, cable TV and cable internet and take a hot/cold shower when they want at P10,000 monthly rent.
B-Ray Bacong, Oriental Negros Island  

B-Ray,

I would love to \"live comfortably\" on P20K a month as you posted, but I just can\'t seem to make the numbers fit.  I\'ve copied the P147,000 budget from my post above, absent amounts except for the P10K rent you provided, and it would be very helpful to me if you could fill in the monthly amounts that will total P20K on which \"foreigners live comfortably.\"  Thank you in advance for providing this information.  Tom.       

Monthly Budget 4 adults 1 child
Rent - 9,000
Electricity (aircon, etc) - 4,000 2 a/c, fridge, freezer
Fuel/expense (vehicles) - 1,500
Propane (cooking) - 100
Drinking water (bottled) - 150 - 6 bottles per month 4 adults 1 child
House water - 150
Broadband/DSL - 1200
Cable/Sat - 400
Cell phone - 1000
Local phone - included in DSL
Food (groceries only) - 6,000
Food (eating out) - 5,000
Household Misc (bug spray, cleaning supplies, etc) - 200?
Personal care (shampoo, toothpaste, etc) - 500?
Entertainment -  sporadic
Helpers - 500 washing
Insurance (health) - 1,000
Immigration fees - 1,000 (Balikbayan so one trip a year to Singapore)
Family assistance - 2,000
Family Education - 4,000 2 students in uni, 1 child in private elementary school
Misc - ????
Total – 37-38,000 

I\'m sure there\'s things I\'ve forgotten.......
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 22, 2009, 09:59:41 AM
Thanks for the recent responses concerning my desire to see the alleged $400 monthly budget that allows foreigners to \"live comfortably\" in the Philippines.  Please correct me (and I\'m sure you will  ;D) if I misconstrue anyone\'s posts... but so far its seems we have as follows:

$750 a month --- to live like a local in the province with no entertainment, no aircon, no car and minimal everything else.

$630 a month --- with a $32 (wow!) a month rent, no aircon, no vehicle, no cable/sat, no entertainment, sporadic family assistance

$814 a month --- with $0 budgeted for entertainment, $0 for miscellaneous expenses, $0 for yearly trip to Singapore or other trips -- while holding vehicle fuel/expenses to $32, household misc exp to $4, and helper expense to $10.   

I\'m beginning to believe that my $3,100 budgeted expenses for \"living comfortably\"... at least as I envision \"comfortable living\"... is pretty close to accurate.  However, I hope to see more posts and maybe that $400 budget will show up.

Thanks to all who are contributing to the exchange of information.

Tom


Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 22, 2009, 02:03:53 PM
QUOTE: \"$750 a month --- to live like a local in the province, bla bla.........................\".

Depending on the exchange rate and say usd 47-1 would be 35,250 pesos a month.

To compare with what a local with family in a province would have, goes like this........

If and I say \"IF\", (Big IF), a Pinoy can work 6 days a week for 52 weeks a years taking out the many holidays that this Country and locals have, their monthly income most likely would be ± 10% of the exchange of dollars above.

Now, what picture does that paint with............. LIVING LIKE A LOCAL.......... with an expat living on $750usd a month?
 
Enjoy your life, as I\'m sure you will Tom, with your $3,100 expenses.  Not normal among the majority rank and file!
B-Ray

   
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 22, 2009, 03:12:58 PM
Hi Tom,

Here are my expenses that perhaps come a little nearer to your expected lifestyle.

Monthly Budget

This is our total monthly spending and includes our own rented house plus the family house we built seven years ago. This house is for Bings mother, brother and family plus various students whose fees we are paying. This gives a total of five adults and a minimum of four students. We pay for the electricity and water and make a contribution towards the food in the form of an allowance to Bings mother. At the moment we are sending three students to a private school and two to college.

Rent - 15,000
Electricity (aircon, etc) – 8000 for us 1500 for family house
Fuel/expense (vehicles) - 1000
Propane (cooking) - 100
Drinking water (bottled) - 920
House water – 552 for us 620 for family house
Broadband/DSL - 998
Cable/Sat - 825
Cell phone - 600
Local phone - 0
Food (including Household Misc and Personal Care) – 12000 also includes imported food from the Swiss Store
Food (eating out) - 9000
Household Misc (bug spray, cleaning supplies, etc) – see food
Personal care (shampoo, toothpaste, etc) – see food
Entertainment - 0
Helpers - 0
Insurance (health) - 1370
Immigration fees – 13a
Family assistance – 12000
Family Education - 8200
Misc  (Medicine) – 10000
Misc  (Doctors fee) – 300
Misc (Dental check-up) – 100 this does not include any dental work
Misc (Annual Family outing) – 24000 = 2000 per month
Misc (Birthday an Christmas parties) – 2000 per month

Total – P87085 (approx $1853)

Other spending would include clothing, trips to Manila, computer parts etc etc

When we finally get our house built, I will save the 15000 rent, but I an sure there will be other expenses to compensate.

When I moved here, my idea was to both live as comfortably as I can and also help as many of the family as possible within my monthly income (two pensions). Without stating my income, I can do that comfortably now and later hope to expand the help to others. I expect to be able to do this and eat what I want and pursue any hobbies that interest me.

All I can say is that if people come over here on a limited budget, then they will have to live a limited lifestyle. Perhaps that will suit some people, but the sun, sand and Red Horse Beer idea does wear thin very quickly. Most of us that move here are on the elderly side, and medical expenses do soon start to kick in and must be allowed for, and these can be significant. Do not take minimum figures when considering moving here, allow a good margin of reserve.


Colin


Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 22, 2009, 05:17:09 PM
$750 a month --- to live like a local in the province with no entertainment, no aircon, no car and minimal everything else.

$630 a month --- with a $32 (wow!) a month rent, no aircon, no vehicle, no cable/sat, no entertainment, sporadic family assistance

$814 a month --- with $0 budgeted for entertainment, $0 for miscellaneous expenses, $0 for yearly trip to Singapore or other trips -- while holding vehicle fuel/expenses to $32, household misc exp to $4, and helper expense to $10.   

QUOTE: \"$750 a month --- to live like a local in the province, bla bla.........................\".
***
Enjoy your life, as I\'m sure you will Tom, with your $3,100 expenses.  Not normal among the majority rank and file!
B-Ray

B-Ray,

Don\'t shoot the messenger.  I\'m simply gathering and compiling information from others who are kind enough to post their cost of living.  I thought sharing of information was one of the purposes of this Forum. 

The information in my post quoted above is taken from the three posts directly above it... all expats stating their personal experience with respect to the cost of living in the Philippines.  I have no reason to question the truthfulness of their posts, and I appreciate their taking the time to post.

I agree with you that a local family in the province may well have a monthly income of around $75.  That is about what my wife\'s family earns.  However, I do not consider them to be \"living comfortably\" in a lifestyle that many expats would enjoy or hope to copy.  I suspect that the term \"live like a local in the province\" is intended to convey living with minimal creature comforts, such as no aircon, no car, no DSL, etc., rather than literally duplicating the provincial lifestyle.  So, I am not sure what point you are making concerning a local\'s income with respect to the issue of the cost of living for an expat.
   
I also agree with you that $3,100 is \"not normal among the majority rank and file!\"  As stated in my earlier post, the most common number seems to be around $1,500, with quite a few ranging into the mid $2,000.  The $3,100 figure is not what I intend to spend, but rather appears to be the most, I repeat, the most that would be necessary to spend to maintain a \"near first world country\" middle class lifestyle almost anywhere in the Philippines.  So again, I am not sure why you seem to take issue with me stating that figure. 

I am attempting to quantify the upper limit (within reason) of what expats are actually spending on each of the items listed in the posted budget.  I am not implying that anyone should, could, or would even want to spend the amounts listed for any specific item or in total.   

Now, concerning my personal spending goals, I would like to spend as little as possible to provide myself with what I would consider to be a lifestyle in the Philippines that would be as satisfying to me as the lifestyle I have in the U.S.  Fortunately, that will take a lot less house, 2 less vehicles, 1/4 the furnishings, and at least a Ton of other crap that I am now paying for here in the U.S.  However, a clean, secure, 24/7 aircon house, a reliable aircon vehicle, English TV news channels, high speed internet, frequent dining out with occasional western food, frequent travel within the Philippines, helpers to secure and maintain the house when I am away, and assistance to my wifes family are not expendable.   

So, without seeing what is in an itemized budget for what you believe will allow a \"foreigner to live comfortably\" on $400, with P10,000 being spent on rent, I have no idea how much additional I would have to spend to meet my idea of \"comfortable.\"  Hopefully nothing.  ;D  I do not live in the Philippines... you do.  So I value your information and opinions based on your experience and would appreciate your posting the $400 budget that \"foreigners live comfortably on.\"

Thank you for your prior response.

Tom   
 
Title: Re: Hi,its henry.....do I have enough money??
Post by: c_a_p_t_a_i_n_r_o_n on May 22, 2009, 10:42:17 PM
Tom

Only possible flaw I see in your plan is highspeed internet - that\'ll restrict you to living in major metropolitan areas

We have broadband here in Tagbilaran, BOHOL but I\'m told that I\'ll loose that capability when I move onto Panglao Island next year
UNLESS I invest in satellite system........
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 25, 2009, 08:33:32 AM
Colin,

Thanks for sharing your thoughts on retirement.  Your philosophy concerning lifestyle, helping family, etc., seems similar to mine.

Also, thanks you for taking the time to itemize your expenses.  After reviewing it, I think my item of \"entertainment\" is likely misunderstood, so at some point I will recalculate and repost my \"worst case scenario\" anticipated expenses, and will modify \"entertainment\" to include:

Entertainment (family outings, birthdays, parties) - 4,000
Entertainment (leisure travel within the Philippines) - 15,000
Entertainment (local activities, hobbies, hanging out) - 2,500
Annual U.S. trip to visit family, etc. (escrow) - 15,000

I will also add:
Medical (spend or escrow) - 10,000

These changes will allow me to reduce \"misc\" down to a much smaller figure.

Just curious, once your house is finished, what do you estimate it would cost to rent a house in your area comparable to your new house? 

Captainron - I may not be as adventurous as Colin (Palawan) or you (Panglao), so I will likely remain in or near Cebu City or one of the other major cities in the Visayas.  Good luck on your move.
   
Tom.
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 25, 2009, 10:23:34 AM

Just curious, once your house is finished, what do you estimate it would cost to rent a house in your area comparable to your new house? 

Tom.

Very hard to say, because we have not seen any similar houses for rent. I would guess a lot more than the P15,000 we pay for our present oldish house on a small lot but a lot less than the house we rented in Ayala Alabang, Manila. That was a largish but older 3 bedroom house at the back of a very exclusive gated community and cost P55,000 a month. We did see a modern but very small 3 bedroom house near our lot for rent at P20,000, so if I had to guess I would have to say perhaps P35,000. But it not going to happen, we will be there to stay.

Colin
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 27, 2009, 10:24:52 AM
Colin,

Thank you for all the great information.  Just based on your experience, I am beginning to feel that my \"worst case scenario\" budget may be closer to \"reasonably anticipated reality.\"  I\'ve followed your other posts, and your website, concerning your building plans.  I look forward to seeing the finished project (yeah, right... are they ever \"finished?\").

If you happen to think of some of those \"hidden costs\" of living in the Philippines that I\'m sure you have learned the hard way, I would appreciate your letting me know. 

Thanks, Tom.     
Title: What is the cost of living in Tacloban City?
Post by: on May 29, 2009, 02:15:16 AM
I have read the postings here, and also asked my son (who went to the Philippines to finish his degree) how much it cost to live in Cebu. He told me that with $1,000.00 one could live a very comfortable life in Cebu. I asked about the cost in Tacloban and got an even smaller figure. His father lives in Ormoc on a pension of $950.00.

Can anyone give me a reasonable figure for a single woman with no kids living in Tacloban in a two bedroom, 1 or 2 bath with no car? Just the figures for rent, utilities, wireless connection, food, maid etc??? I don\'t watch TV. My only real need would be one air conditioned room-only to be turned on at night. I could survive in a one bedroom, 1 bath house too. Not in the city. I need some solitude, but close enough to ride a jeepney or tricyle.

Will $700.00 a month suffice? I can afford more, but don\'t want to pay more. I need to save money. I have a pension.

All the contradictions are making my head spin. Would love some feedback. ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: tom.inbigdtexas on May 29, 2009, 06:34:44 AM
...reasonable figure for a single woman... no kids... two bedroom... no car... no TV... one air conditioned room only at night...

Will $700.00 a month suffice? I can afford more... have a pension.

Hi Meg,

I guess I am the Forum\'s skeptic of the \"live like a king in paradise on $400 a month\" posts that you sometimes see on various sites.  I do not really believe there is much contradiction, rather just too much loose terminology... e.g., the quote in the last sentence.

The problem is, what some might consider \"a very comfortable life,\" others might consider \"a miserable day-to-day survival.\"   Some people\'s \"dream life in paradise\" is for other a \"nightmare in a foreign land.\"

That being said... I\'ll be the first to say that - given the parameters of what you are seeking - I would think that you could pay your routine bills on $700 a month (once you have paid the initial moving and set-up costs).  If you do not have a nest-egg for emergencies, make sure your pension is enough to allow you to accrue some monthly savings over and above the $700.

Welcome to the Forum and good luck with your plans.   :)

Tom.   
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 29, 2009, 08:06:28 AM
Thanks for the information, Tom. My pension is fairly decent and if I only spend $700.00 a month in the Philippines it leaves me quite a bit for savings. I am starting to get skeptical about moving to the Philippines permanently. Although I am not looking to live an extravagant life style I would like a place that has a flushable toilet and other necessary amenities such as a refrigerator and stove. I got an email from another ex pat who told me that if I don\'t live in the city I would have to use a bucket of water to flush the john and to wash. And, the floors are made of cement and dyed. I don\'t think so. Right now I am looking around where I live (Colorado) to see if I can find a small one bedroom, 1 bath-that is affordable. I don\'t want to go back to work. I have been retired for 15 years (since I was 46) and the idea of going back to work does not excite me in the least. I am going to Tacloban to re-group. I am going through a divorce. I will be living with my older brother in our family farm. The reason I am inquiring about places to stay is in case I do not like living with said brother. My stay will be approxiamtely 6-9 months. I plan on returning to the US sometime in Apri 2010 to apply for partial social security next year when I turn 62. That additional income will ensure that I do not have to work again. My brain is fried from trying to figure things out. I could very well spend $1,500 in the Philippines and still save money, but that is not what I want. I want to save as much as I can while I can. As for the use of \"contradictions\" I guess it is a matter of semantics  ;D.

Thanks again for the feedback. Much appreciated.
Title: Re: Hi,its henry.....do I have enough money??
Post by: coutts00 on May 29, 2009, 08:50:47 AM
Meg,

Location specifics are variable but this should give you a fair idea.

When we first moved over we decided to live in the province and we already had one motorcycle from a previous visit. We purchased a second one so my wife and I could ride together but separate.

We sent over our stuff in Balikbayan boxes. $1200 USD for shipping. Its gone up now but you get the idea, you can add 30% to any prices quoted and you should be in the ball park.

Our 3 bedroom, 1 bath, and flushable toilet house in a nice area of a major town in the province was 8000php a month.
Electrics came to 6000 php a month with the aircon on at night and 2 fans during the day and a 26 inch TV on all day, mama was staying with us and liked her soaps, all of them.

A new ref was needed 25000 php,
a new stove was needed, one with an oven, 35000 php.
Washing Machine 20000 php,
Lounge furniture was needed 25000 php.
Bedroom furniture main bedroom, 20000 php.
Water per month, 600 php,
Internet 1000 php,
Live in maid 3000 php, food is up to you, I fed a family of 6 - 7 people on a daily basis and my monthly expenses were running at 42 - 45k per month, allowing for food, utilities, bike payments and fuel.

Figure setting up the place you will drop 5 - 10k USD and then minimal living expenses from there on in. Your entertainment etc is up to you. If you want your own car, figure a decent one costing 5 - 7 k USD. More if you want to spend more and allow some for maintenance as well.

Wayne.   ;D ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: Gray Wolf on May 29, 2009, 09:33:29 AM
Meg,

You won\'t need to return to the US to file for SS.  You can file at the US embassy in Manila.
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 29, 2009, 10:35:13 PM
Thanks Gray wolf. That\'s aload off my mind. ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: on May 29, 2009, 10:38:47 PM
Thanks for the information, Wayne. This gives me an idea of what it will take to settle in the Philippines, if that appeals to me. Right now my plan is simply to \"scout\" the area. Hopefully, my brother can help me to make a decision that will be beneficial to me. I may build a house on my property or sell it and return to the US. All of these questions I have asked are simply fact finding so that I won\'t look like such an ignoramus when I arrive in Tacloban. ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: Hank S. on January 12, 2011, 09:29:34 AM
Hi,its henry here.
hope everyone is doing good today.
well i had a shock today....i own a property 500 ft from the beach in the uk,i had it valued today by a local surveyor....because of the decline in property values the price was not what i hoped it would be....I was going to sell and use the profit to come to the phils with my phil G/F and  my son.

I do have $45,000 in savings in Florida but im thinking it would not be enough to do what I wanted to do in the phils.

So,as experts in the phils what do you think is enough to go to the Phils with,would anyone of you go to the phils with $45,000??.....based on a very conservative approach to living expenses etc how long would the $45,000 last,I have substantial US pension coming due in 5 years and Brit pension kicks in,in 7 years,and of course hope that property prices may increase soon enabeling me to sell the UK property asap.
thankyou.
Henry.


Hi Henry,

I am in the process of selling my property in the UK now, I have lost some money, but I wanted to get on with building my house here. I think you may have to wait quite a few years before property recovers its value.

You could let out your property in the UK, and providing you do not have a large mortgage, the income would be more than enough to rent property here. The additional income added to your $45,000 should be enough for you to live here until you get your pensions. I assume you are married to a Filipina, but do you have any children to support? The other thing to consider is medical expenses. Unlike the UK you have to pay for everything, but not too expensive unless you have a serious problem. We can live reasonably on around P120,000 and that includes P15,000 rent plus help for family members schooling and some medication. We have never broken down the costs but there are some good examples elsewhere on the forum.

Colin
Colin, must be nice to be a millionaire, lol.
Title: Re: Hi,its henry.....do I have enough money??
Post by: on January 15, 2011, 03:22:07 PM
Hi,its henry here.
hope everyone is doing good today.
well i had a shock today....i own a property 500 ft from the beach in the uk,i had it valued today by a local surveyor....because of the decline in property values the price was not what i hoped it would be....I was going to sell and use the profit to come to the phils with my phil G/F and  my son.

I do have $45,000 in savings in Florida but im thinking it would not be enough to do what I wanted to do in the phils.

So,as experts in the phils what do you think is enough to go to the Phils with,would anyone of you go to the phils with $45,000??.....based on a very conservative approach to living expenses etc how long would the $45,000 last,I have substantial US pension coming due in 5 years and Brit pension kicks in,in 7 years,and of course hope that property prices may increase soon enabeling me to sell the UK property asap.
thankyou.
Henry.


Hi Henry,

I am in the process of selling my property in the UK now, I have lost some money, but I wanted to get on with building my house here. I think you may have to wait quite a few years before property recovers its value.

You could let out your property in the UK, and providing you do not have a large mortgage, the income would be more than enough to rent property here. The additional income added to your $45,000 should be enough for you to live here until you get your pensions. I assume you are married to a Filipina, but do you have any children to support? The other thing to consider is medical expenses. Unlike the UK you have to pay for everything, but not too expensive unless you have a serious problem. We can live reasonably on around P120,000 and that includes P15,000 rent plus help for family members schooling and some medication. We have never broken down the costs but there are some good examples elsewhere on the forum.

Colin
Colin, must be nice to be a millionaire, lol.

Not sure where that comment came from, and it is a very old post.

You don\'t need much money to become a Peso Millionaire, and I am just a pensioner in the UK. The money I am spending on building my house comes from selling my UK house which has taken a lifetime of paying a mortgage, plus having to give half of it away to my ex wife. :(

Colin
Title: Re: Hi,its henry.....do I have enough money??
Post by: B.Wolfe on January 16, 2011, 02:36:00 AM
Thanks for the information, Tom. My pension is fairly decent and if I only spend $700.00 a month in the Philippines it leaves me quite a bit for savings. I am starting to get skeptical about moving to the Philippines permanently. Although I am not looking to live an extravagant life style I would like a place that has a flushable toilet and other necessary amenities such as a refrigerator and stove. I got an email from another ex pat who told me that if I don\'t live in the city I would have to use a bucket of water to flush the john and to wash. And, the floors are made of cement and dyed. I don\'t think so. Right now I am looking around where I live (Colorado) to see if I can find a small one bedroom, 1 bath-that is affordable. I don\'t want to go back to work. I have been retired for 15 years (since I was 46) and the idea of going back to work does not excite me in the least. I am going to Tacloban to re-group. I am going through a divorce. I will be living with my older brother in our family farm. The reason I am inquiring about places to stay is in case I do not like living with said brother. My stay will be approxiamtely 6-9 months. I plan on returning to the US sometime in Apri 2010 to apply for partial social security next year when I turn 62. That additional income will ensure that I do not have to work again. My brain is fried from trying to figure things out. I could very well spend $1,500 in the Philippines and still save money, but that is not what I want. I want to save as much as I can while I can. As for the use of \"contradictions\" I guess it is a matter of semantics  ;D.

Thanks again for the feedback. Much appreciated.

I just got back to Canada from a 49 day trip to Gabas, Leyte, not a major town by any means, but close to Baybay, which is a place where you can obtain things. While there, I upgraded m,y brother-in-law\'s bathroom and shower, by installing ceramic tiles. Before  doing that, I just had tom change some plumbing issues, such as shower valve embedded in the concrete wall so the valve couldn\'t be changed, etc. I priced the toilet fixtures, with a thought of changing the bucket flush to a flush toilet, but the bucket flush was embedded in the concrete floor, and I decided to leave it there. The difference in price is the main reason why there are bucket flush toilets. For about P500, you can buy one, as for flush types, they start at P2000.  That is the only difference.  The septic system is the same for both, Both flush into a septic tank. If you can afford the difference in price, install a flush toilet, but get it installed correctly, wax seal & all. Some day service may be needed, and that makes it so much easier.
Title: Re: Hi,its henry.....do I have enough money??
Post by: Hank S. on January 17, 2011, 07:39:40 AM
Henry.

If I were you or anyone else for that matter, convert your pounds or americans your $\'s into php pronto. $ users! have you noticed the $ slide? not finished yet. Have it from the best sources that since the US just keeps printing money without anything backing it, the $ will not be the\"World Standard\" within 2 years.

I know some of you if not most will call this BS, but I already see it over here. Some retailers in the big cities do not accept $\'s anymore, some, in El Paso prefer mexican money. I could go on and on what is happening here in the States which does not look good. 1937 is on its way, already started, that is why I am shipping MY money to the RP while I still get a decent exchange rate.

Think about it.
Title: Re: Hi,its henry.....do I have enough money??
Post by: on January 17, 2011, 11:24:19 AM
If I were you or anyone else for that matter, convert your pounds or americans your $\'s into php pronto. $ users! have you noticed the $ slide? ....
Yes, yes, it is forecast to be 39 or less by Xmas.......

Oh, that has been and gone, and it was 43 to the buck.

Oh well, they can\'t guess right every time.  :D
Title: Re: Hi,its henry.....do I have enough money??
Post by: Steve & Myrlita on January 17, 2011, 06:53:27 PM
If I were you or anyone else for that matter, convert your pounds or americans your $\'s into php pronto. $ users! have you noticed the $ slide? ....
Yes, yes, it is forecast to be 39 or less by Xmas.......

Oh, that has been and gone, and it was 43 to the buck.

Oh well, they can\'t guess right every time.  :D
Like someone already said, if anyone could predict how the Forex would go, we would have many millionaires here. God Bless.....
Title: Re: Hi,its henry.....do I have enough money??
Post by: on January 28, 2011, 01:55:13 PM
And yesterday I just changed $5000 at 44.20. Oh woe is me, how terrible this dollar is getting......  ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: on January 29, 2011, 04:27:50 PM
Well King, when do you figure the Dollar will regain it\'s former glory?

In the Philippines in 04 I got 57.9 on the exchange. When in 05 I thought at 48.38 was going to be the best ever, and rightly so over these years, I dumped, well add a \"0\" to your figure below and told my wife, if I\'m wrong, we will just have to bit the $#%$&$*% bullet on that!

Just today following a link I didn\'t keep ............. since 1948 the U.S. dollar exchange against a basket of other currencies was reported UNTIL 1999 when the rate of exchange for that same bucket of currencies was changed to the EU Currency............not the U.S. Dollar!

I\'m finding that the EU Currency is more valued in parts of the Far East and elsewhere in Asia then the U.S. Dollar these days.

I haven\'t followed how things are in the South Americas in regards to the Dollar????

Personally, I feel the Dollar has LOST FACE around the World as to value!

It seems to me, that America is battling to stay on the top of the heap and soon to be knocked down another peg!!

I\'ve said for years, if a Country wants a bloodless war, mess with a Countries currency and WIN!!!

Are we in a bloodless war NOW against the Dollar???????????? 
B-Ray

 

And yesterday I just changed $5000 at 44.20. Oh woe is me, how terrible this dollar is getting......  ;D
Title: Re: Hi,its henry.....do I have enough money??
Post by: graham on February 01, 2011, 06:32:04 PM
And yesterday I just changed $5000 at 44.20. Oh woe is me, how terrible this dollar is getting......  ;D

Oh woe is me. Look at how terrible the Oz dollar is getting..... ::) ::)

Sorry mate, couldn\'t resist.

Graham.

P.S. new bushes fitted, up and running, 
Title: Re: Hi,its henry.....do I have enough money??
Post by: Muleshoe on May 27, 2011, 04:52:33 AM
Henry, i think the $45K is enough if you have the dicipline to stick to a budget.  Still I think waiting for the pension is a good idea and keep the 45K for the unknown.  I can assure you that the unknown is out there and waiting until you least expect it.  Good luck.
Title: Re: Hi,its henry.....do I have enough money??
Post by: santos91 on September 04, 2011, 02:28:34 PM
  I came in 2007 and bought a house and was paying for my daughters nursing school in which she just passed her exam (thanks god).
Since I no longer have educational expense and we own are own home our budget has dropped to around $13,600 a year or around $1,133 a month.  I still pay around 24,000 pesos for taxes, termite treatment etc. per year. Probably if you were renting you would need
to add on 7,000 pesos minimum or around $175 a month. I think you could live comfortably on $1300 /month but you have currency fluctuations plus inflation to worry about. You also have start up cost which means alot of trips to immigrations offices at the beginning plus household goods.
  Currency exchange 2008 47.42
                             2009 46
                             2010 43.74
                             2011 42.1