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Author Topic: How Much Money Is Recommended for the Permanent Move to the Philippines?  (Read 11009 times)

Offline beaches

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Have been seeking a loving Filipina to marry for over 10 years now.  Thought I met a special one but we never made the first personal connection necessary to have those special times shared to reflect on.  Am now going to marry my loving fiancée in Cebu, preferably within 6 months or less.

While I have looked up several important aspects for the move, I keep fluctuating between how much will be needed to make the transition smoothly.  I am very good in sales, am a freelance writer and have experience selling products online among other business attributes.

My fiancée owns her own home and is getting by working a couple of jobs currently.  Any perspectives about moving costs and timing  on getting started working  will be greatly appreciated.

Offline Art, just a re(tired) Fil-Am

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #1 on: January 12, 2014, 12:50:19 PM »
If I had the chance to do it all over again, I would just pack a light suit case with summer ware and a hand carry with a good expensive laptop, a good open line cellphone(with a sim card slot) readily usable here upon arriving, $10,000 cash in your pocket for starters, high limit credit cards, U.S. personal blank checks with a nest egg and emergency funds in your U.S. bank and just get on that plane headed for the Philippines to marry your sweetheart! When you get married, both of you can use the BB Program if you are uncertain of retiring here for the long haul or plan to take your spouse back to your home country so both of you can work for your future retirement if that be the case, but if you are semi-retiring here you better have a good source of income to live on, your monthly expenses will depend on the type of lifestyle you will be living!
JMO though, since your wife to be owns her own home, forget about shipping containers and or shipping hundreds of Balikbayan boxes here to the Philippines from the U.S., because you can just about buy anything here of good quality, but others on here may differ with my opinion and would rather ship everything from under the sun including the kitchen sink from their home country, which is IMHO just a big hassle and added expense of shipping and handling costs! We shipped about 20 balikbayan boxes over here to the Philippines before leaving the U.S.. Most of the stuff stayed in those boxes a few months to almost a year and stored in a spare room or big closet, before they were even opened, because our home was still under construction at the time!
We have been living here now for 16 years and we are pretty much "Happy Campers", because it's just the two of us living in our own home in an safe, clean and quiet gated subdivision far away from family and relatives! We enjoy (savor) our seclusion, privacy, peace and quiet!  8) ;)     
« Last Edit: January 12, 2014, 04:57:31 PM by Art Re(tired) Fil/Am »
"Life is what we all make it to be"!
"It's always a matter of money"!
"Do on to others as they would do on to You, but do it first"!
"Different strokes for different folks"!
"Que Sera Sera"!

Offline JoeLP

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #2 on: January 12, 2014, 03:51:41 PM »
my move this last July was similar to what you are going into now.  I moved to Catarman and moved in with my fiance.  She had her own home behind her parents home in her name and all, lot also.  But, she decided to surprise me and start construction of our "new home" which actually meant part of her already home being torn down to make room for the now all cement finished product of the new home.  I love her, and thus she gets the "I love you and good job." response.  While inside I'm trying not to say "You just made all the things that YOU wanted in the upper levels of this new house a LOT harder to make happen." LOL  But, I stayed in the family home for a few months, and am now in the nearly finished 2nd level of the house that her and I call my own.  She still has a number of furniture from the small house that was brought over to this "new house".  So, here's my stab at the amount you'll need to save.

IF you intend to stay here, as I have, and live here full time with you beautiful pinay, it's more of a crapshoot.  The actual move here and living here will be cheaper, but, if you need to grab airfare back to the old country every month, then the prices actually become more than if you were to bring her to your old stomping grounds.  So you need to figure that out first.  But, to just live here, in her home, it is not bad.  We run about 4k in electric bills a month.  No a/c running for about 2 months now except a select few times when the afternoons were pretty hot and I was stuck home. 

Look at your net bills, electric bills, and cell phone bills to be your biggest costs if you are good with the pinoy diet and your fiance is good with shopping for products with lower costs but still are quality.  There is no water/sewer and such bills, all part of your electric bills.  You property taxes will be much less in the phils than where you are from now.  So even the things that we used to save for from our old countries are more or less "pocket change" to use foreigners than anything when they pop up.
Also, dependent on your health issues that you may or may not have, you need to take that part of your life into consideration.

Also take into consideration, that despite what you and her might have talked about over the net, you might not be 100% ready for her home.  This is NOT a knock on her telling you the truth or not.  It's more a matter of what she told you, in her experience and life was true, but compared to the homes you and I were raised in and lived in before the move is not accurate.  To her, her house may be very good and very livable, to you or I, it might be survivable.  So you might after arriving be thinking about the possible upgrading of her home.  Even if it is hollow block construction, trust me, does not mean it is anywhere near the construction of most homes in the US/UK/AUS etc.  When wet season hits, water can find it's way very easily through the blocks.  And it does not bother many locals.  So you'll need to make sure it's finished correctly on both sides, and is really "sealed" to make it more comfortable for us "westerners". 

Basically, all these items I hit are much less costly here in the Phils than they were back home, and by a large degree of separation.(I broke my arm and had it set here in August.  The cost, cash out of pocket, was less than what my copay would have been to my insurance back in the USA for example).  So, because you have a place to live, and no need to rent.  And a local to go shopping for you(let her go alone, trust me, and all the others on here, STAY HOME) your costs will be on the lower end of the spectrum.  You could live quit comfortable for $700(usd)/mo when it comes to bills, food, and fun money.  Then add to that any costs for home improvement, or a small savings account in case you get injured or something.  Getting around is also included in that cost.  Take the trikes/pedcabs/jeepneys as much as you can and the costs stay down, even when you are double charged because they think you are twice the size of the locals. 

If you want AC on all the time, the costs will go up.  If you need to fly to home country, add to the cost.  You get the picture.

Sorry, for the chaotic answer, didn't sleep last night.  Mind's tired. 
In the land of the blind, the one eyed man is king.

Offline beaches

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #3 on: January 13, 2014, 01:31:37 AM »
Want to thank everyone for their perspectives.  It's great to have a little help from your friends to approach a situation in a more clear manner by having those who have already experienced the same situation provide their viewpoints.  Am looking forward to becoming a member of this site who will be soon making replies to others for their best choices to take in various settings/situations they deem important at the time.

Offline paulgee

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #4 on: January 13, 2014, 01:52:38 AM »
Apart from the daily cost of living, which from what you say will not be too high in your circumstances, one thing not to forget is that you will need a nest egg for medical emergencies. All medical care has to be paid for, and if you have an accident or an illness you will need your own money to pay for treatment. No money, then no real treatment unfortunately.

Good luck, let us know how it goes

Paul
Based in the UK, and part time in our San Fernando, Pampanga house

Offline BingColin

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #5 on: January 13, 2014, 08:01:40 AM »
Apart from the daily cost of living, which from what you say will not be too high in your circumstances, one thing not to forget is that you will need a nest egg for medical emergencies. All medical care has to be paid for, and if you have an accident or an illness you will need your own money to pay for treatment. No money, then no real treatment unfortunately.

Good luck, let us know how it goes

Paul

That nest egg is essential here, and it would be very easy to get through P0.5M for anything major so I would put that as a minimum. Others may not agree with me, but I keep mine in an easy access Joint savings account in the UK. Philippine banks have a low cover if they go bust and I don't believe they are as secure. Also you could be tempted to break into it for those nice extra goodies :D

We had to break into our savings to complete our house to a point where we could move in and save paying rent etc. My ultimate aim would be for P1M+ to feel comfortable.

Offline Oz Paul

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #6 on: January 14, 2014, 04:40:35 AM »
Apart from the daily cost of living, which from what you say will not be too high in your circumstances, one thing not to forget is that you will need a nest egg for medical emergencies. All medical care has to be paid for, and if you have an accident or an illness you will need your own money to pay for treatment. No money, then no real treatment unfortunately.

Good luck, let us know how it goes

Paul

Re an accident.  Your fault or not, you will need a lump sum to pay off the other party, or face huge problems ! >:(

Contribute to Phil Health, it is worth it.  At least it will pay most of the Hospital bills.  The Doctors bills are not covered. 8)

If you are riding a bike here, or driving a car, it is only a matter of time before you have an accident, so I was told.  I was told right, I had an idiot hit me after riding here for 12 months. :o

Offline Gray Wolf

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #7 on: January 14, 2014, 05:36:57 AM »
Beaches, you say you are pretty good at online sales, but didn't say how you receive the money from those sales.  Also, you may need to do a bit more research to determine if what you sell is legal in the Philippines.  Since you didn't give us much info, I'm just pitching out responses off the cuff.

JoeLP gave you some good advice concerning homes in the Philippines.  What is considered a good home to them, might be considered an unlivable hovel to some.  I built a fairly modern concrete home for my wife's family and just returned to the US after a 42 day visit.  Most days I couldn't stand to be inside for more than a few minutes without breaking into a heavy sweat.  As a result, I spent the majority of my time on the roof, shirtless, in our bahay kubo with a fan blowing directly on me, and still had to wipe the sweat from my brow and chest every few minutes. In order to sleep I had to take a cold shower first then sleep with no covers on me and a fan blowing on me all night, not the best way to exist.  This was all in a 3 story modern house I designed and had constructed to my specs.  Fortunately, I designed two larger bedrooms so that we had one available for us during our visit.  The other 3 bedrooms are barely larger than a large closet in the US, but what they are accustomed to and are happy to have.

Once you get married, you may want to look into a 13a visa, which is the Philippines equivalent of a US Green Card.  It will allow you live there permanently without having to renew your temporary visitor's visa every few months. 

Tell your bank in the US that you will be visiting and give them your date for leaving the country, otherwise your ATM card(s) could be blocked.  I assume your credit cards are issued by different companies, as most are, and you'll need to advise each one separately so that you experience no interruption of service.

I'm sure you will have more questions, you should, so keep asking and give us as much information as you feel comfortable with until you begin to grasp the details of what's necessary in order to live there either part time or full time.

Good luck!   :)

   
Louisville, KY USA - Bagong Silang, Caloocan City, PH

Offline Metz

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #8 on: January 31, 2014, 10:01:02 AM »
It's always 10 thousand USD more than what you got in your pocket to live here. 

I have dumped hundreds of thousands into building a life here.  Still can be a struggle at times. 

Not too enthusiastic about the Filipino diet but oh well.  I don't eat much any more and have lost a lot of weight.

There's 5 classes of westerner that come here:

1 the rich retired pensioner who may or not be a DOM.

2 works for a multinational or outside of the country like a pilot.

3 someone who comes here and goes home broke.

4 someone who comes here starts a business and is wildly successful

5 someone who comes here and is moderately successful.




Offline BudM

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #9 on: January 31, 2014, 08:04:02 PM »
It's always 10 thousand USD more than what you got in your pocket to live here. 

I have dumped hundreds of thousands into building a life here.  Still can be a struggle at times. 

Not too enthusiastic about the Filipino diet but oh well.  I don't eat much any more and have lost a lot of weight.

There's 5 classes of westerner that come here:

1 the rich retired pensioner who may or not be a DOM.

2 works for a multinational or outside of the country like a pilot.

3 someone who comes here and goes home broke.

4 someone who comes here starts a business and is wildly successful

5 someone who comes here and is moderately successful.

#4 is a businessman and #5 sounds like a businessman.  What about #3?  Is that a businessman or could that be one of us average guys who is not a businessman and do not fall in #1 or #2 but wind up broke?  If the latter, or either way for that matter, then what about the class of us average guys who come here, don't go broke and are just living and spending the rest of a peaceful life here?
Whatever floats your boat.

Offline paulgee

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #10 on: February 01, 2014, 12:18:00 AM »
"  ........  then what about the class of us average guys who come here, don't go broke and are just living and spending the rest of a peaceful life here?"

These are the guys who have read the numerous threads in forums such as this and don't have such a culture shock when moving here Bud.
Based in the UK, and part time in our San Fernando, Pampanga house

Offline medic3500

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #11 on: February 01, 2014, 12:43:23 PM »
Bud, I am familiar with the term DOM but probably in a different meaning. In which manner are you using it?

Offline BudM

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #12 on: February 01, 2014, 03:08:32 PM »
Bud, I am familiar with the term DOM but probably in a different meaning. In which manner are you using it?

I am not the one who used it Dan but, I am thinking of it in the derogatory sense.  I did not know what it meant until I asked a couple of women about it.  Still, no matter if I was or wasn't, I still don't fall in to the rich pensioner class unless he wants to contribute a bunch of and enough money to my bank account to make me so.  I live in a nice, clean, quiet neighborhood in a nice house but it is not a 40 million peso place like so many of his neighbors and my neighbors are not the big shots like his is either.  For the first time in my life, I am living by a budget, since I am no longer the only counting on or helping spend my share of my money, to make sure I don't go broke and am not going to go out and get an outlandish place or live lavishly.

Some of these guys talk so much crap and talk down the Philippines so much that I don't know why they show so much interest in it.  The one that really cracks me up is the one about us just being in denial.  True it is a third world country and there are a lot of disadvantages and like Art said in another thread, there is always a list of disadvantages for elsewhere too.

The thing is, I am for once happy and willing to deal with disadvantages.  I am not going to try and guarantee that it is impossible for something to come up and change my mind but my intent is to finish my life here.

And for the naysayers bunch and I will throw the doomsday guy in there with them, another thing Art has said on occasion, that I totally agree with, is "to each his own".  And I'll say to some of you that if you don't like it that much, maybe you ought to just do as the saying goes and don't let the door hit you in the azz on the way out.
Whatever floats your boat.

Offline fred

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #13 on: February 01, 2014, 04:13:07 PM »
Totally agree Bud!!
For some reason,our contentment pisses them off!!
Wonder why?

Offline Oz Paul

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Re: How Much Money Is Recommended for the Permanent Move to the Philippines?
« Reply #14 on: February 01, 2014, 04:15:48 PM »
And I'll say to some of you that if you don't like it that much, maybe you ought to just do as the saying goes and don't let the door hit you in the azz on the way out.
[/quote]

ha ha ha ha ha. good one :D ;D