Ha! I just saw that and laughed and I wanted to let you know.
@shannonkohl68
5 ай бұрын
I'm sure that is going to be the most replayed section of the video. Because if you were earning 46K in 1921 you could live well in the US, never mind the Philippines. (Granted in 1921 the Philippines was part of the US so I'm being redundant.)
@phil-ammike
21 күн бұрын
It took me a second and, I did realize that he meant to say 2021.
@davesphilippineretirement1243
6 ай бұрын
Actually, about 73% is between $1,000 and $3,000. Which is more realistic. You need to use the mean, not the average. If you use the average, it is skewed towards the high income expats that make it sound much better. According to a survey of about 120 Westerners living in the Philippines, the average monthly spending is as follows 1: 15.5% spend under 46,000 PHP (910.50 USD) per month. 19.1% spend about 57,500 PHP (1137.50 USD) per month. 18.2% spend about 80,500 PHP (1590.50 USD) per month. 12.7% spend about 103,500 PHP (2043.75 USD) per month. 13.6% spend about 126,500 PHP (2499.50 USD) per month. 10.9% spend about 161,000 PHP (3182.50 USD) per month.
@Yourpolice69
6 ай бұрын
You mean "median" and not "mean." Mean and average are the same thing.
@grumpyolddude439
6 ай бұрын
The $2500 for me, would be a slow drawdown on my savings. The $2044, would be my target max. The $1600 would be my objective spending so I can add to savings.
@murraycurry-nt4gn
6 ай бұрын
The average is useful only when you want to know what the total salary would look like distributed evenly (that's the definition). The median is much more insight, and better still is the detailed distribution.
@MrSteven5975
6 ай бұрын
I've met thousands of Expats here and would say that is way low. But interesting still.
@brucesmith9144
6 ай бұрын
@@murraycurry-nt4gnI would like to see the standard deviation and the cumulative distribution. That will provide a good statistical representation.
@tinmanrobby
6 ай бұрын
As I commented before on these vlogs, some grew up in the U.S. poor. And don't have big screen TV's, fancy vehicles, eaten at fancy restaurants, wear designer cloths, lived in fancy, big houses, went on extravagant vacations, or buy $1,000+ cell phones. Some have worked blue collar jobs in dirty dangerous conditions in climates that are brutal. Some shop all the best deals at grocery stores and buy very little unless it's on sale. Some can frame a house, paint, spin a wrench on a vehicle, plumb, do electrical, build & fix.... and be in the weather elements. Some sleep 6 hours a night and work 10+ hours a day 5+ days a week. And some don't drink, smoke, take ANY pharmaceutical drugs, never use drugs, and don't have a eating disorder over-eating or eating junk, some cook at home, do their own cleaning, dishes, and laundry. The comforts of some being, let's say 'spoiled' by Western culture, does not apply to others. When one's never had anything, and fought to get by, it's not a sacrifice to be in the Philippines on a $1,000 budget. It's an upgrade. Not in negativity, but some are just tougher, and had a harder life in the U.S., and the Philippines is a better more prosperous life, better than where they came from and offers more than what they are used to formerly. Some have never had the material things, just lived on basics their whole life, as said, Philippines better life on a low budget, is an upgrade...
@tinmanrobby
4 ай бұрын
@@edwardvoss3367 Yes Sir, I agree. It just seems so pampered. I tend to think: "Are these peoples so soft?". Montanan, so we've never had the services or pampering peoples in largely populated areas have. Everything here takes time, it's a big, open state. Banks, teller lines, any service one has to be patient, and it's going to be decades behind in technology and methods. I like my 27 year old pickup, not a $90G one. I'd rather make my own coffee, I hate Starbucks. I haven't owned a pair of Air Jordan's in 40 years. I don't need fancy luggage, a drybag works for me. I just can't see the material stuff people think is more comfortable, it's more stressful spoiling one's self being hooked on a certain brand, kind, or model... Or whatever. I like my Walmart shoes and simple foods. But I'm healthy, no health problems, so different for me.
@gowuc
6 ай бұрын
Who cares. Everyone lives differently. It's not how much money you have, it's what you do with what you have that counts.
@QuietResilience
2 ай бұрын
Amen 🙏!
@michael4741
29 күн бұрын
Exactly !!!
@jamesnichols2511
4 күн бұрын
couldn't have said it better.
@colonelchuck5590
6 ай бұрын
Most of the Americans in the Philippines are on social security making $1,400.00 a month.
@bigbearhugebear9018
5 ай бұрын
That's not true. There are a lot of 1.000+++ USD condos per month rented by American expats...These buildings are always full most are in Manila and Cebu City. There are a lot of houses all over the Philippines in the 1.000 USD Per month..
@danluzurriaga6035
5 ай бұрын
@@bigbearhugebear9018 But that only says that most Americans here, on $1400 SSA per month, are not living in $1000 per month condos, which I believe is true. I think the rents in my area would average $300-$600 per month, $600 being a really good place. Even if my income was only $3000 per month, I wouldn't waste it on $1000 per month rent payments for a condo.
@sentinel80
5 ай бұрын
There’s no Philippines expat KZitemrs paying $1k pm that I’ve ever seen and I’ve watched the vast majority of them. Can you name 1 or more ??
@bigbearhugebear9018
5 ай бұрын
@@sentinel80 That because they are broke collecting small SS checks
@danluzurriaga6035
5 ай бұрын
@@bigbearhugebear9018 Maybe true but not in Dumaguete.
@mrb-6118
6 ай бұрын
Average is misleading. It can be screwed high easily. Median is best. A bell curve. I have been here 8 years and haven't met a single expat with that kind of income. Most are in the 1.5k range which I suspect would be around the median.
@johncawvey5342
6 ай бұрын
I’m in calamba city and none of my friends make $3800 a month
@kenrice
4 ай бұрын
Live in Metro Manila. Many of my friends have six figure incomes
@user-bh7jl3bi1w
Ай бұрын
My house is paid in full with no debt and my Income is $7,200 per month.
@jetd9716
11 күн бұрын
Come to Manila, you'll meet alot with chauffeurs too driving them around golf clubs.
@k9companion231
6 ай бұрын
First, one must believe the reporters of salary. Second, there are lies, damn lies, then statistics. LOL 46K equates to $3,833.333 a month. Using this as the median salary of approximately 78,396 expats (2020 census) there must be a lot of millionaires in the Phils for most expats (U.S.) are on social security earning approximately 1.5K to 2K or military pensions earning 1.5K to 2.5K for enlisted or 5K for an officer. (U.S. military). It is always tough to get an average of any situation unless you can interview 100% of the respondents. Thanks for sharing Steve. God bless!
@rfbos
6 ай бұрын
Many expats make more than $2k per month on SS.
@themangopyrate
6 ай бұрын
OMG, i was just gonna say the same thing and read your comment...$4555 is the MAX social security you came get, no matter if YOU made zillions in your life time. I have friends that live there. They don't bring home $12k a year, live great. It's all about HOW you live there. Wanna stay at the Hilton for $150 a night, or rent a house outside of Dumaguete for $150 a month. It's all about lifestyle.
@jacked6
6 ай бұрын
$150 a month so unrealistic in nearly everywhere in the world
@letitdry
5 ай бұрын
not u havent been to Cambodia then@@jacked6
@bigbearhugebear9018
5 ай бұрын
@@themangopyrate My electric bill is over 150 per month in Cebu City... Its no big deal in Vegas it was over 250 per month
@enzos711
6 ай бұрын
You quoted study "Average Expat Salary in Phil = $46,000" (USD). The average (monthly) Social Security Check, in 2023, is $1,705.79, according to the Social Security Administration .. That's $20,469.48 annual .. I seriously dout "the Average" US Expat "Retiree" on Soc Sec, plus whatever (average invest) is clearing 46k per yr, let alone Australian or Canadian's (re the USD) ..
@TitoGeorgeTravel
6 ай бұрын
That's almost 3800 a month. I don't know anyone here in Cebu that has 3800 a month coming in. Maybe 1500 to 2000 but 3800 a month. WOW
@johncawvey5342
6 ай бұрын
I can tell you this that I’m in calamba city and no one here is making $3,800 a month, I am blessed that I just now got my social security which puts me a little above that. Thank GOD !!!
@51dbail
6 ай бұрын
I could do that if I took my SSA. But I’ll wait for more😀. lol when Rockefeller the richest guy in the world was asks how much more money do you need? He said just a little more!
@datruth66392
6 ай бұрын
Not accurate
@PInk77W1
6 ай бұрын
I’m making $4100. Should go up to $4200 in 2024. I have a small paid for Home in Tx. So life is good.
@jw841
5 ай бұрын
@@PInk77W1Is that net or gross. The reason I ask is a lot of Americans like to give you their gross income which is meaningless. What matters is whats in you pocket at the end of the day.
@d.f.9064
6 ай бұрын
"Comparison is the thief of joy." I live in Ecuador. There are videos about living in Ecuador on $1,000 a month just like the P.I. I live on $1,400 a month, in a nice apartment supporting my gf and sometimes her family. A single person that can adjust to simple living, without a phone and partying, can live on less than $1,000 abroad.
@tinmanrobby
6 ай бұрын
@@ForAndroid101 This... As I commented before on these vlogs, some grew up in the U.S. poor. And don't have big screen TV's, fancy vehicles, eaten at fancy restaurants, wear designer cloths, lived in fancy, big houses, went on extravagant vacations, or buy $1,000+ cell phones. Some have worked blue collar jobs in dirty dangerous conditions in climates that are brutal. Some shop all the best deals at grocery stores and buy very little unless it's on sale. Some can frame a house, paint, spin a wrench on a vehicle, plumb, do electrical, build & fix.... and be in the weather elements. Some sleep 6 hours a night and work 10+ hours a day 5+ days a week. And some don't drink, smoke, take ANY pharmaceutical drugs, never use drugs, and don't have a eating disorder over-eating or eating junk, some cook at home, do their own cleaning, dishes, and laundry. The comforts of some being, let's say 'spoiled' by Western culture, does not apply to others. When one's never had anything, and fought to get by, it's not a sacrifice to be in the Philippines on a $1,000 budget. It's an upgrade. Not in negativity, but some are just tougher, and had a harder life in the U.S., and the Philippines is a better more prosperous life, better than where they came from and offers more than what they are used to formerly. Some have never had the material things, just lived on basics their whole life, as said, Philippines better life on a low budget, is an upgrade...
@lutherthompson8547
6 ай бұрын
@@ForAndroid101same here in the USA,,happy as can be on less than $400
@user-bh1se9hn9j
6 ай бұрын
If even if I had 3000.a month wouldn't want to live in ( high end, ) LIVING
@bigbearhugebear9018
5 ай бұрын
Yeah but who wants to live like that? You live without a phone?
@user-bh1se9hn9j
5 ай бұрын
@@bigbearhugebear9018 I could throw my phone away no problem
@barrycohen311
4 ай бұрын
It's all relative. An ex-pat can live on $500 per month there. It will be a crummy little apartment in a city or some type of run down Nipa Hut in the province. Forget Air Conditioning or any other such luxuries. Buy your food at local food / vegetable market where only Filipinos shop. Think about what that same $500 per month with get you in the Great USA - Nothing. You would be homeless.
@KB3TLE
2 ай бұрын
That's just it !!! > These people in the Philippines getting checks for $700 - $800 - or $1000/mo. would be living in tents perhaps on sidewalks in the US - or cars - vans - trucks......not with any dignity at all ? - - - On the other hand - I'm not so sure how the lack of health care when your old and can't afford it the Philippines can be dealt with ? -- I guess they expect you to suffer and just die ???
@AugieBenDougie-wk9pr
6 ай бұрын
Median rather than average would be more of a realistic number.
@chuck5553
6 ай бұрын
Right
@franksviennasausagelostinm2626
6 ай бұрын
The median value isn't all that helpful because the median is simply the value at which 50% of the values are below and 50% are above; not really helpful for making a determination for what is a "good" retirement income or what most retirement incomes really are. The mean, or average, is even less helpful because the mean can be skewed by very small or very large values; as far as retirement incomes go, those with very small or massively large incomes distort the overall picture. @paulbrungardt9823 believes that the mode would be a better number but mode is simply the value that occurs most frequently is a given distribution of values; the mode COULD be as few as two values or as many as ALL values in a given distribution. Not really helpful in this case because it's extremely unlikely that many people have EXACTLY (to the dollar) the same retirement incomes. The numbers that Steve REALLY should have taken the time to dig up and use is the range of values within one or two standard deviations because THOSE are the most useful numbers in this case. The standard deviation would have told us the dispersion around the mean (in this case $75,254) and most likely the range of values within one or two standard deviations would cover most of the values within the retirement income distribution used by the U.S. Census Bureau while at the same time eliminating very high or very low numbers that distort the mean and thereby showing us where most people's retirement incomes fall, which would be the most helpful.
@muchit3629
6 ай бұрын
@@franksviennasausagelostinm2626 Or quite simply provide a range for say 50% of the population then we have a sense of how it looks like. If you add Elon Musk to any population sample everything wil look better than it really is.
@franksviennasausagelostinm2626
6 ай бұрын
@@muchit3629 As many have already pointed out, myself included, an average doesn't really tell us much and how exactly would one pick the 50% of the population to which you refer? The beauty of the standard deviation is that eliminates the outliers like Elon Musk (the filthy rich) and the Babbling Buffoon Broke in Bantayan (the poverty-stricken, broke-f__k expats who are one minor expense away from disaster).
@willardpolk2871
6 ай бұрын
I have been in and out of the Philippines for 13 years now and I have made some mistakes, and you really learn from mistakes living in another country. each time I get a little smarter in the Philippines not wasting or giving money away. I would say 2,000 and up is ok to retire in the Philippines depending on not giving it all away. be smart have a nice time.
@TropicShade
5 ай бұрын
I've always stressed that "living" and "surviving" are two different animals. You can live fairly comfortably in the Philippines starting at about $2,000. You can survive on $500! 😏
@MrSteven5975
5 ай бұрын
Exactly
@scotmandel6699
5 ай бұрын
well said.
@doughenderson4345
2 ай бұрын
Depends on where you live ..
@jeffshaffar5522
2 ай бұрын
When you say survive that means eating at home, no partying no womanizing, that's living a normal life to me not surviving, there are a lot of things to do without spending money, exercising and walking, bike riding going to the park and having a BBQ, when I was young I spent a lot more money but most of it was for partying and womanizing
@hillbillyintheasia6122
Ай бұрын
highest pay job in the Philippines just 200k a month .
@JohnnieVegas
6 ай бұрын
Thank you very much my friend 👍 We appreciate your honesty
@RetireandGo
6 ай бұрын
interesting conversation. a great survey!
@Danamount
6 ай бұрын
I’m 71, so even $3,000 ain’t enough. Insurance can be very, very expensive- $800, +!
@Danamount
6 ай бұрын
Health insurance!
@bigbearhugebear9018
5 ай бұрын
Exactly but the vloggers won't mention Insurance
@Danamount
4 ай бұрын
Alright, $755.00 to be exact
@d.f.9064
6 ай бұрын
One emergency fund you need abroad is the cost of a round trip ticket home for a death in the family type emergency. In the P.I. that can be a lot.
@bigbearhugebear9018
5 ай бұрын
Emergency Fund 10,,000 Plus health Insurance
@jamesnichols2511
6 ай бұрын
nice video and informative. I, unfortunately, have fallen short of this magic number by 50%. My yearly ss is only 23k which I receive 1.8k monthly. My spending budget would be 1.4k, my daughter in-law would say it's enough, but I know it's not. I also drained my savings years ago helping my family and taking care of my brother until he passed away a couple years ago. My fantasy of living the dream in the Philippines was just an illusion for an old man of 73. We have to play the cards we were dealt with, and hope for the best. I didn't plan far enough ahead to enjoy my golden years. So, I'll just sit by my computer and watch vloggers say how great it is to live the life of fun and sun. I still live my golden years watching my grandkids growing up. No regrets.
@sentinel80
5 ай бұрын
Great attitude 👍
@danluzurriaga6035
5 ай бұрын
Haha, at 1.8K these bloggers will say you are living in hog heaven, that all you need is 1.5K for the good life. Not sure what those people do all day but whatever it is it better be cheap.
@kennethboehnen271
4 ай бұрын
You can spend the winter there, at least.
@earlclep1
5 күн бұрын
For 1400 a month you can live a really good comfortable life here in the Philippines. A caretaker livein will cost about 100 USD per month plus about 30 to 50 USD in food for her. Rent should be about 350 USD for a very comfortable resort type one bedroom apartment. Travel can easily be done roundtrip from resort to big town for less than two dollars. A nice local breakfast , lunch or dinner, nothing fancy but very good food, is less than 2 dollars. That's about 60 USD for 3 meals a day. A really good burger and fries cost $4.00. That's a total of less than $700.00 USD for the very simple yet comfortable life. Your caretaker will cook for the both of you , run all of your chores if you like, do your laundry, clean your house and make you comfortable if you prefer. You still have $700.00 to spend on fun and save some for medical needs that will come up at our age. Point is don't give up on your dream until you come here for at least 3 to 6 months and try it, I recommend 6 months. If it doesn't fit your desires then you can always go back where you came from. You probably already have people here that will give you a hand if you have been watching bloggers for awhile. I like the Dauin area outside Dumaguete but there are literally hundreds of good locations to pick from many of which are cheaper than our area. Good luck and never give up.
@jamesnichols2511
4 күн бұрын
@@earlclep1 ty for those kind words, much appreciated. Being single again, I should be ok, may start my journey in Iloilo city or Cebu lapu lapu island. then venture out to other areas, after getting my budget set up.
@richardhowe5583
6 ай бұрын
$1703.98 is average social security payment in the United States as of July 2023.. that is what Google just told me.. guess I am lucky cuz I'm getting $2,000 a month.. my next trip I am staying until I die in the Philippines.. within the first couple of months after I arrive next time I will pay my funeral expenses so my Filipino fiance / wife will not have that burden.. most Filipino women do not like to talk about death at all.. I think about death as a nice long sleep forever without any arthritis pain..hehe😮😮😊😊
@tobywebb6452
6 ай бұрын
According to UK government website average pension is £1564 ($1962) per month - If you only have the state pension it is £880 ($1104) per month
@sentinel80
5 ай бұрын
That £882 rises to £958 pm from April 2024 👍👍
@nt6719
3 ай бұрын
Monte gave you a shoutout on one of the videos he did. Thank you for being realistic on the money needed to live there.
@grumpymcgrump5822
6 ай бұрын
The four of us, (me, wife, two kids), live on about $3,500 USD / month. Add in the fact that we also take care of her mama, her sister, her sister's hubby, and their two kids, and I would guess we spend close to $5,000/month. If you can live in a bamboo hut and eat dried fish and rice every day, yeah, you can live on less than $1,000/month.
@kenjohnson9654
6 ай бұрын
Inflation has hit the Philippines. I consider $3,000/mo necessary to live a good retired life outside the metro areas; $5,000 in Metro Manila or Cebu City. This allows for island hopping and a couple trips a year to US to visit friends, family and medical providers. As for savings, $25,000 to $200,000 or more depending on circumstances. God bless, take care.
@grumpymcgrump5822
6 ай бұрын
I agree, although your figures may be a bit low.
@danluzurriaga6035
5 ай бұрын
Exaggeration: If 1500 was good before inflation, and now 3000 is necessary to live the same life, that would indicate an inflation rate of 100% which, although it may seem that way is much worse than it really is. Govt says 8.5%, reality is more like 25% in the USA but no way, nowhere, 100%. Personally, I live outside metro areas and do a lot better than your metro area figure, but I have been here 7 years and I actually have not seen that much of an iinflation bite here in the Phils.. Costs are a little higher but not a lot. Rent and medical remain the same. Food increased a bit.
@kennethboehnen271
4 ай бұрын
25k- 250k is a big spread. Nit very helpful. Maybe pick a minimum number like 150k but target 300k?
@ianlewis2813
5 ай бұрын
After 2 years in Cebu city, I would say 100,000 pesos a month as a NONE drinker gives you a normal standard of living, but the more you go out the more you spend.( A CUP of coffee is $2:50).
@lez075
4 ай бұрын
I live in Cebu city and my girlfriend and I spend about 80k a month combined. So 100k for 1 person is more than enough.
@MrKockabilly
7 күн бұрын
That turns out higher than you expected because that is the AVERAGE (meaning it can be easily be lifted up by a very few who are really very rich). You should have gotten the MEDIAN which would more likely show the earning of most typical expat.
@damncars2618
6 ай бұрын
I checked and verified your average... "According to the latest data from the United States Census Bureau, the median annual income for individuals aged 65 and older is $47,620, while the mean annual income is $75,254." Presumably this includes all sources of income, not just Social Security.
@grumpyolddude439
6 ай бұрын
The meaningful figure, is the median figure for those living on Soc Sec ONLY.
@bigbearhugebear9018
5 ай бұрын
@@grumpyolddude439 Most people don't live on SS only in the Philippines.. Most vloggers are the ones that live on very low budgets because they quit work or are on just SS. They are 1 month away from financial disaster...Some may make it most will not...
@dovoso5685
6 ай бұрын
Hi Steve , you are absolutely right but IMO this fact always brings up the question - Why choose the PH ? with $$ 46K you can live well in many other places worldwide. From Alabama or Mexico or Thailand to Portugal or Greece.
@JP67
6 ай бұрын
Same thoughts here.Why would so many people making 3800 a month choose to live in a third world country? Just don't add up
@dovoso5685
6 ай бұрын
@@JP67 Some people claim to know the answer , however - it is not woke and not politically correct.
@JP67
6 ай бұрын
@@dovoso5685 That is a good point.But most likely if you're making that much you're probably retired.At that point you wouldn't have to participate in that foolishness in the workplace.And you could just turn off the TV.But I see your point.
@lzu2860
5 ай бұрын
The simple answer is: The U.S. is turning into a poor less affordable country and the Philippines is an affordable developing country giving Expats more living arrangement options from low end to high end lifestyle.
@kenrice
2 ай бұрын
@@JP67 and @dovoso5685 to answer your question family. Also many are retired US military married to Filipina's. Also there are more than 30,000 US veterans and military retirees who have single, double, or triple-digit income sources, bringing home $3,000 and upwards of $8,000 USD monthly. Example: veterans collecting 100 percent disability income with the United States Veterans Administration, making more than $3,800 monthly; military retirees making $2,000 or more monthly in their military pension; and those veterans collecting social security benefits, making an additional $1,500 to $2,000 a month.
@edic2619
6 ай бұрын
Great videos. Great job.
@MrSteven5975
6 ай бұрын
Thank you!
@geofffletcher2539
6 ай бұрын
Thankyou for the great info on retirement money..
@garydavis9887
6 ай бұрын
if i can live on 1400 in ALASKA !!!,, i can live on alot less in philippines,!
@vinniephillips452
6 ай бұрын
Expats “on average” are bringing in $46K USD a year? I find that hard to believe Steve. That’s $3,833 a month! Now I can see why Filipinas and Filipinos think we’re all millionaires. Not a good sign.
@MrSteven5975
6 ай бұрын
Just presenting what the article said
@MrSteven5975
6 ай бұрын
It's roughly what most expats that I know make if you average them
@ChrisB-sv1gz
6 ай бұрын
I wonder if you take quite a few high incomes of expats living in the philippines, you might arrive at that average.
@LESLEYWELSH-wp2jt
6 ай бұрын
but the $46k USD per year was cited for all expats, not jusr retirees - is that correct? If yes, then the number includes people activately working in the philippines or people with additional monies outside of just SS. Just my thoughts
@danluzurriaga6035
5 ай бұрын
@@MrSteven5975 Did you provide a cite for the article anywhere? I cannot believe it applies to most retirees, maybe expats averaging in Western Executives of foreign companies etc.
@mikesimpson9997
6 ай бұрын
Good topic Steve enjoyed it
@MrSteven5975
6 ай бұрын
Thanks
@paulbrungardt9823
6 ай бұрын
Technical note--Mean is Average---the 1 lowest & the 1 highest added together then, divided by 2. Therefore 1 high earner skews the number disproportionately higher---Would be better to know Mode income ( Mode is most frequent income).
@violaceous7174
6 ай бұрын
Median would be more helpful. That way low numbers and high numbers won't skew it.
@paulbrungardt9823
6 ай бұрын
@@violaceous7174 Good comment--However, anything other than mean is better.
@muchit3629
6 ай бұрын
People use Mean and Average interchangeably, one and same thing. Your definition is incorrect. To calculate the average or mean you add up everything then divide by the count of things or itmes. So if you wanted to see the average salary of 11 soccer players on a team, you would add up all their individual salaries then divide that total by 11. Then you get the mean or average. Now if you wanted to see the range of salaries it would the salary of the lowest paid player to the salary of the highest paid player in others words the Minimum value to the Maimum value.
@leonardmarlin4330
6 ай бұрын
I wasn't as smart as other exspat, I live on a small pension and my social security. We have $2,800 coming in every month. I was smart to put away money for my emergency fund and our start up fund. Brought land and built 3 houses on different islands so we pay no rent. Even with birthday, holiday and our anniversary I still manage to live a upper middle class lifestyle and put $500 a month in my emergency fund. With 2 kids in college and a high schooler and grade schooler. It really is what makes you happy in life and living a much stress free peaceful life is what life is about for me now. As a Nurse if we want to do anything that cost more money I can always go back and work for 6 months if need be for now once I'm to old to do that then so be it. It's funny how life changes, I'm back working in the state for 6 months to save the money to take my wife and kids to live in Europe for 3 months. With all the anti Jewish crap going on in America and Europe we've changes our plans. We are going to Okinawa Japan to visit family and now plan to rent an AirBNB for a few months. I have found like you have said you want to make God laugh tell him your plans, best to be flexible as an exspat. 😂 Good video Steve.
@daisyapontehavenmemoriestr8552
6 ай бұрын
Cool Japan it’s way better and beautiful
@martinagnew7508
6 ай бұрын
Damn, and there was me feeling smug. Thanks for bursting my balloon.
@BeIntrigued
6 ай бұрын
That is hard to believe, Expats come nine Thousand miles from home to beg for Cigarettes or other minor things, because they hit hard times, Please !! also retirees come to these countries because their country is very expensive, if your retirement funds are forty six thousand dollars or more you would be considered wealthy there, most Expats retirement money is no where near that, that's why they come to these countries to live better, not to struggle like your suggesting, your not being honest.
@MrSteven5975
6 ай бұрын
Many go to Gated Communities here. Not everyone is poor that moves here.
@rafaelo2215
6 ай бұрын
$46,000 is far away from $18,000 to $24,000 cost of living that most expats promote ... $18,000 is $1,500 a month ... $24,000 is $2,000 a month ... $46,000 is $3,833.3334 a month ... that a big different to in the way they do their budget for their cost of living
@MrSteven5975
6 ай бұрын
There are many rich expats that go under the wire
@AForeignerAskingQuestions
6 ай бұрын
It’s all subjective. One person might need $3000 to live the kind of lifestyle they want in PH while another is perfectly happy spending just $800 a month. The truth is that if you are spending thousands a month in PH you are likely buying a lot of luxuries, wants, etc but not needs unless you have a big family to care for.
@chrisj302
6 ай бұрын
$46k is like the very top end of SS benefits.
@user-ov5nd1fb7s
4 ай бұрын
500 and 1000 are very different. You use them interchangeably like they are the same amount. Yes, you can live okay on 1000 per month and no, your girlfriend won't need to contribute to the budget. What you can't do is live okay on 500. Why do i even need to say this? There are good 300 dollar one bedroom apartments. Add another 100 for bills like electricity, water, internet etc. You are left with 600 dollars for food and entertainment, which results in going out for fun twice per week. Is that a bad life? I think not.
@WatchCaliforniaExpat
5 ай бұрын
Great video. I would have expected $30,000-$36,000. I'm surprised so high.
@joeriley2643
6 ай бұрын
People also must consider those credit cards bills and maintenance of property they may own in USA . Those bills don’t stop. Thanks for another great vid.
@MrSteven5975
6 ай бұрын
Good point
@joeriley2643
6 ай бұрын
@@MrSteven5975 thank you for your clear infomercial vids .
@lzu2860
5 ай бұрын
Best to be without any recurring financial obligations or debts in the U.S. before relocating abroad….
@joeriley2643
5 ай бұрын
@@lzu2860 👍
@cubuffsfan4147
6 ай бұрын
46k seems high. Where did you get the data
@timlesiuk
8 күн бұрын
The UK state pension is only about £220pw. It seems that your figures would also see you live very well in Europe as well on $46,000 a year! I personally would love to be on half of that! I currently balance my budget, live OK, still have an admittedly very small mortgage too. I'd like to see a few of these videos from the point of an English man on just our state pension who has lived in council (local authority) home/houses/flats all of their life and always worked a minimum income job. To me that would reflect reality not those who retire on a substantial American pension.
@KennyInSubic
6 ай бұрын
A triple dipper makes a minimum of 5K a month.
@paulbrown6338
6 ай бұрын
Where you live is so important. For example comparing Metro Manila to Baguio is a stark contrast. Just got back from 45 days in PI and was shocked at how expensive Manila was. Food cost was out of sight, transportation and decent Hotel expenses were budget busters. Spent a few weeks in upper Luzon and the differences were remarkable. You can live a very good life style outside the major cities for $40,000 to $50,000. Maybe less if you lower expectations. Your information is accurate.
@gildavojta7943
6 ай бұрын
BS Baguio is $$$$$$$$$$ just like Manila. We just moved last week. Too Angles City from Baguio. Food is cheaper. Water is half what it is here. Fuel is less also. Store prices are 25 too 50 % less in Angles City Pampanga.
@paulbrown6338
6 ай бұрын
SM Mall in Baguio was a lot less than Manila. Hotel was half Manila cost and you could go any where in Baguio via taxi for about 200p whereas Manila was over 1000p I am sure Pampanga is cheaper.@@gildavojta7943
@keithlopez7268
17 күн бұрын
It depends where you live and how much you travel. I live off of 1000 - 1500 me and my fiance and her son
@martyfenton6184
6 ай бұрын
That the number includes Filipinos who retired from the US Navy with wives who also lived in the US. They are mostly dual citizens with four or more pensions between the two of them and have sold properties that paid for very nice homes here. If he retired as a senior enlisted or officer and she worked as a nurse for 30 years those American retirees do very, very well.
@Johnny-ql2vd
6 ай бұрын
All great info Steve! I blew through my 401k years (divorce) back after retiring from Lockheed Martin after 21 years. Current monthly income between SS and VA disability is 3K. Thinkin’ I’ll be okay…. Your thoughts?
@Johnny-ql2vd
6 ай бұрын
Note: After reading some of the comments below……. Many of these Expats are blowing smoke out their Azzes 😆
@ourphilippinejourney
6 ай бұрын
Thank you for speaking up about the types of life you will lead on 1k a month. While we dont watch your vlog routinely, we do stop in on occasion to see your thoughts on a subject. Unfortunately the study that you reported on is rife with possible flaws, but it may be accurate. Would it be possible for you to put the link to that study I would love to see the entire article and its supporting math. That being said I got an interesting comment on one of my videos the other day about YOU. A commentor stated that if all they had was 1000 usd they would move where you and pointed out that yu only pay 100 usd a month for rent. I was wondering if that is accurate? Thanking you in advance....Mike and Arlyn
@AForeignerAskingQuestions
6 ай бұрын
How much you can live on and be comfortable is VERY SUBJECTIVE. You person can be perfectly happy here spending $800/month while for someone else that is unbearable. There is no one answer. It depends on each individual persob
@51dbail
6 ай бұрын
@@AForeignerAskingQuestionsnow that is 100% true. I shoot for 100k a month and do not live like a king! But your budget should never be your income!
@AForeignerAskingQuestions
6 ай бұрын
Apologies for the typos. I think your last point is that you shouldn’t be spending all the money you bring in. Save a little for the unexpected.
@bradk8702
6 ай бұрын
I really appreciate that you’re always passing on candid information Steve. The BS artists drive me nuts.
@AForeignerAskingQuestions
6 ай бұрын
It all depends on what kind of lifestyle you’re accustomed to or what kind of lifestyle you want. I can tell you, for me, I EASILY live in PH on about $14k to $15k a year. I live VERY COMFORTABLY. But others might not like how I live. I’ve never been a money spender. I’ve always been the type to just buy what I need and maybe a little extra but that’s all. If I was spending $3k a month I have no clue what I’d be buying 🤣
@kbird529
5 ай бұрын
I live well in Chaing Mai Thailand on less than $1k USD a month and have all I want and need. My financial adviser said I could budget 5k a month. I prefer to be frugal and spend as I need not as I want. I think the Philippines is more expensive than Thailand.
@keyser_sozeevil_genius1152
6 ай бұрын
I have expenses that I’m trying to get rid of, but I get $6,895 a month, and that will increase this January.
@GB-AK
6 ай бұрын
I know you told me once already but can you tell me again what city you live in? I forgot and can not find your previous reply. We will be in the PI in March for two months and I may drive by your town.
@musictomotion
6 ай бұрын
Another great video. Always love how you tell the truth and don’t mislead folks.
@MrSteven5975
6 ай бұрын
Thanks
@Neal_only1
6 ай бұрын
That is pretty close as all my income is my retirement being Military and Social Security and FERS.
@skiprat63
6 ай бұрын
Very good information Steve here in UK pensions are very different . 67 is retirement age for workers at 60 now I think state pension at this time is around £804 per month around thousand dollars .This is for 35 years paying national insurance stamp . Obviously a private pension would help this amount and savings a godsend . And Obviously the ex wife's payoff doesn't help the situation. Thanks for the good info keep up the good work .👍
@davegoody9603
6 ай бұрын
Yes in uk we not as lucky pension wise compared to that of Americans
@sentinel80
5 ай бұрын
Actually a full UK state pension is £815 every 4 weeks or £882 monthly. Will be £958 pm from April 2024. 👍👍. That with 2 other pensions allows me to do most of the things I enjoy in the Phils. 👍
@skiprat63
5 ай бұрын
@GabeGeno The only good result is property value has risen substantially and with a good solicitor you can come away with 50%. Which I suppose is 50%more than in the Philippines 😂.
@ThePragmaticEngineer
6 ай бұрын
1921@ 4:48 - sure you meant 2021 my friend but I got a good laugh. Good subject.
@doughenderson4345
2 ай бұрын
Good video with great information .. thanks. I think many foreigners move to the PI without realizing how expensive it can actually be. I travel back and forth a couple of times a year to the US for one reason only - healthcare. I also believe your numbers are very close if you include those costs. I also believe it depends on your lifestyle. I have a province home and my expenses run less than $1000 per month, but when you add in the cost of traveling .. it's obviously much more. The folks you talk about really need to do their research before moving. What I find disturbing is the increase in the cost of things without the increase in the standard of living. The Philippines is moving much to fast and leaving the ordinary people behind, but that's just me.
@frederickwalker740
6 ай бұрын
After tax money?
@denismansfield8876
6 ай бұрын
Hey Steve. 46k seems high. When you say $2,000-3,000 is sufficient, for an expat, does that amount account for 2 or expat only (in a normal lifestyle and heath situation)? Also, 10k would quickly be exhausted. Would 50k be sufficient (after outright buying a car and house)? Or, would you say more than 50k? Do you know of a mathematical formula available to run scenarios to provide a savings number? Take care.
@MrSteven5975
6 ай бұрын
2 people can live on that and save and have decent insurance too
@Yourpolice69
6 ай бұрын
If you're talking about an emergency fund, 20k is probably good. If you're talking about portfolio value to sustain a 4% withdraw rate, I recommend 750k.
@jacked6
6 ай бұрын
Younger people make much more than 46k now that's for sure. Many digital nomads are north of $100k.
@aftech7268
6 ай бұрын
Agree
@mattbraban8637
6 ай бұрын
Living in the Philippines now is just a dream. And I tell you what it's no holiday!
@johncawvey5342
6 ай бұрын
You are so correct. I’ve lived here for quite some time
@johncawvey5342
6 ай бұрын
@@ForAndroid101 I couldn’t agree more. What I hate is when I’m with my family and because I’m a white American every blogger thinks I want to be interviewed and put on their channel. What I want is my privacy
@mikerussell7366
6 ай бұрын
I do not really talk to expats .and none live around me .just see in mall I just hang with my family here
@rikkitikki8775
6 ай бұрын
Luv your content! Relevant and honest ~ bravo!
@MrSteven5975
6 ай бұрын
I appreciate that!
@BrokeAmerican
6 ай бұрын
In the last few weeks, I've seen multiple vlogers flip-flop on income requirements for living in the Philippines. I'm painfully aware vlogers are looking for content, which = $$. None of the vlogers are retired people because every last one of you are working/hustling for subscribers. Average American social security payments are $1,706.98 per month. As of 2022 the median US household income was $74,590. according to the US Census Bureau. So at age 65 and 11 months the monthly S.S. payment would be $1,867. Most Americans are currently living paycheck to paycheck so I don't actually believe the numbers you got.
@MrSteven5975
6 ай бұрын
I'm retired and don't ask for Patreon or Donations and I don't do thumbnails or push for subscriptions ....... I also don't just push out content if I feel it's substandard. Also many that I know here are at that rate and higher in some cases. Some areas attract the lower retirement incomes and others go into Gated Communities here. Nor would I say I "Hustle" people for subscriptions...... I would go on to say that my channel is one of the most organic and has the most organic subscribers and members in the Expat Community here.
@carltischer7827
5 ай бұрын
Finally a real honest and truthful post . Thank you .
@kristopherforeman4549
6 ай бұрын
If you own your house free and clear and your car free and clear, it is not that expensive. My expenses in Isabela province are the following: Netflix 500 php or 10 USD Internet 1200 php or 22 USD propane 2400 php or 42 USD electric for both house combined 5400 php or 110 USD Food 45,000 php or 820 USD. Now I have not retired yet and live and work still in Colorado, but send my wife 2000 USD a month and she lives comfortably and still has 800 USD roughly a month for eating out, traveling etc. The key is you have to have everything bought and paid for already. You should have a medical fund set aside which is true, and any medical issues that come up I send money to my wife to take care of those issues separately. 2000 USD based on the above is a really comfortable living. Now obviously living in Manila would probably be at least 1000 USD more a month but I like the laid back quietness of Isabela province versus manila
@JJthelonelybullinasia
6 ай бұрын
Internations is a business/entrepreneur group where the majority of its members are working professionals, so of course the salaries are going to be higher. They don't take into account the majority of expats who are here on a small retirement pension or social security.
@kevinnashskitchen3517
6 ай бұрын
A guy 40 years old retiring from the military after 20 years is getting somewhere in the 27K a year range. That's an E7 pay grade. I would say 25% of those guys get some type of additional disability. Not a huge bundle of cash but ok I guess .. Have to wait another 26 years to get the 1,500 or so SS
@kevinnashskitchen3517
6 ай бұрын
@@MichaelHawk1936 yes ..I low balled the extra disability a bit. Some have yet to claim something too.
@kevinnashskitchen3517
6 ай бұрын
@@MichaelHawk1936 😂
@thinkforyourself9334
6 ай бұрын
I retired from the military back in 2014 at age 38. Enlisted..I get $5800 a month. Life is fine here in the Philippines for me. I travel a lot too.
@PMLynch
5 ай бұрын
@@thinkforyourself9334 You're receiving some military disability as well ?
@thinkforyourself9334
5 ай бұрын
@@PMLynch Of coiurse I did 20 years my man.
@gaboristvankiska7655
6 ай бұрын
Kiwis and Australians have just monthly 2000 AUD pension as its a universal pension which is 60k pesos per month about 1000 K USD per month.
@kenbell3250
4 ай бұрын
That sum is for the basic pension paid to everyone. However, most Australians also have what is called a superannuation pension that is based on the amount that they saved in a pension scheme.
@gaboristvankiska7655
4 ай бұрын
@@kenbell3250 Superannuation is a lump sum one of payment and its not a pension. Its like a savings account. If you have a rental property thats similar to a government pension as you get it weekly.
@garyhaynie6346
6 ай бұрын
Hi Steve, I was wondering about TV reception in the Philippines the other day. Can American TV be received in the Philippines. Who does it?, is it even possible? I am talking Fox news, CNN, weather channel, the history channel, TLC, Lifetime, etc. What about direct TV or Dish network ? What would be the cost. Maybe you can research this and make a future video about the subject ?
@MrSteven5975
6 ай бұрын
You can get it many ways
@Sunmoon-gj9gy
6 ай бұрын
I retired here on 35k a year which I used to think was pretty good but I'm way behind the average 😮
@leonardmarlin4330
6 ай бұрын
Your not alone I took my social security at 62 with a small pension from GE we live on $2,800 pay no rent over 20 year bought 6 property's and built 3 houses on different islands. But we live a good life even with 4 kids, 2 in college an manage to put $500 a month in my emergency fund every month. We're happy, go without nothing. Life is good.😊 6:17
@olavlaupsa490
5 ай бұрын
Thanks for the info. I think you mix up retirement salary and expat income. In your average of 46k us yeaqrly, there are a number of expats working, and by that making a lot more than those who have retired. I don't know if there even is a separate statistic for retirement money only. That said, I agree that some of the bloogers reporting of expenses fail to tell it all. Some own their house/apartment/condo and only list what they spend montly on other things. I know it is possible to survive on less than a 1000 us montly. I'm also pretty sure I would not want to try, and that even if I would much prefer not to live in a big city. Even then I think 2000 us montly would be what I wanted. Save some, and make sure insurance is in place.
@aftech7268
6 ай бұрын
If there is an expat who has farming experience want to live free on a farm … we have water well , food and shed shelter with solar power , motorcycle and tools in return u get to maintain the plants, care for chickens, ducks , goats land size 2 hectares… location tarlac San Jose we live in metro manilla too far
@ShikokuFoodForest
6 ай бұрын
Are you serious? I’m a hobby food-forest designer and permaculturalist. I designed, planted and maintained my own food forest in southern Shikoku Japan and have been living here for 13 years. I’m looking for land to relocate to in the PHs. Your farm sounds exactly what I’m looking for.
@PinoyZo1
6 ай бұрын
Living over 1k is horrible if your an Expat, you are on your last years in life. You do not want to live frugally, you want to live a comfortable life. As a Filipino who moved to US at a young age. 1k a month is comfortable since I built a modern home already but I made sure I get atleast 4k a month from my investments at minimum.
@jerrymarshall2728
6 ай бұрын
S.S. Only… so nowhere near $46K! But my fiancé and I are going to live close to my income, and all of the money she brings in will go to savings. Plus I have “emergency money” from the rental of my house. After 2 more years, when the housing market is revived, I can sell my house and build a new one, and then we’ll have a better budget margin, since we won’t be renting.
@willieshoemaker8680
6 ай бұрын
Pssst "revived" average median house in usa up 120k in two years...I heard its similar across the globe.
@jerrymarshall2728
6 ай бұрын
@@willieshoemaker8680 in my market the new houses in my subdivision that were completed 1-1.5 years ago, are only bringing in a very small increase. Our market got saturated when the housing boom was going on 1-2 years ago. Different regions are experiencing different results. But 8% interest is keeping a lot of people from buying. But they’ll rent!
@horstguenterstahr7728
5 ай бұрын
nice
@tamarackmi9195
6 ай бұрын
No woman in the world wants to live in poverty! Now look at your budget if your looking for a woman Keep speaking the Truth Steve👍💚
@thomasrobson6370
6 ай бұрын
I just moved into this apartment before Thanksgiving it's nearly $900 a month when I retire I want to get 12 to 1400 dollars a month from social security. Rent-to-own in Philippines will make a difference in my survivability.
@billclarke7500
6 ай бұрын
Rent to own what?
@thomasgordon1792
4 ай бұрын
Dam I'm blessed ! Had a great job ws able to retire at 50 with an annual cola now 4 years from SS with two minor children I'm almost embarrassed to say what just my income will be 😮 Thank God i was born in the land of opportunity where a highschool dop out can make a good living!!
@WhoWouldWantThisName
12 күн бұрын
I don't think it's dishonest what he is describing of what the KZitemrs are saying. If they say they are getting by on $800 per month, for example, that isn't saying they are only making that much. It's only saying that's what they are SPENDING. So just because you make $2000 and have $1000 or more left over each month that isn't dishonest. It makes no difference what you make, only what you spend. That determines how much you need, and THAT'S what we want to know. I don't care what you earn only what I need to earn to live at a certain standard.
@WhoWouldWantThisName
12 күн бұрын
I will add that, so far, the kinds of budgets I'm hearing from guys in the Philippines are in the range of $1400-$1700 US per month and that's mostly those with a rent of around $150-$300 per month and not a lot of dining out or nightlife spending. In addition I can also see where many may have additional income opportunities they didn't have before back in higher cost locales. If you have more money left over you might afford to buy some income producing properties, for an example. This could mean you might end up making more money than you used to make at a good paying job back in the states. I've actually been considering this where I wouldn't attempt buying rental RE in the states, but a condo in a touristy area? Yeah maybe.
@milsimgamer
5 ай бұрын
Looks like I'm going to have to visit myself to find out the real story. I'd love to live in the PI, but only if I can do so cheaply enough to save enough to tour Taiwan, Japan, and S. Korea in a two year time frame. That is my first objective, secondarily, to determine if I'd like to make it permanent. Can you live decently on 1K USD a month? Where? I haven't enough trustworthy info to feel certain you can. I'm not looking for luxury, just a fairly comfortable lifestyle.
@MrSteven5975
5 ай бұрын
You should!
@richardhowe5583
6 ай бұрын
I wish you would show us your budget for one month then we would have a better idea of what we need to live like you.. thanks 👍
@MrSteven5975
6 ай бұрын
I have a few times
@richardhowe5583
6 ай бұрын
@@MrSteven5975 .. I probably saw it but my old mind probably forgot.. I will look it up again and watch it, probably again..hehe.. thanks 👍
@zettielanphier7069
6 ай бұрын
I'm seeing that all "roses glasses" are starting to tell the real story. Especially about the safety of recent. I guess the economy changes the good friendly people into crime.😢
@willieshoemaker8680
6 ай бұрын
46,000 = 3,800 per month. average. wow I say that is a bit above that sweat spot. what if you're at the 2000 side of that sweat spot... mmm that is about half of average,, wowza. Last month I spent $2594 all in NO rent. Two adults not going out at all. living in Bacolod. Food $338 Booze $260 transportation $22 then the rest Miscellaneous $829 electric, Wi-Fi, cell phone, $1142 wife allowance, child support, laundry, B-day, health Ins, amazon order, parts for the house, gas for car etc. etc. $2594 total. didn't try to budget just wrote everything down to see... The rest of my pension I saved. One trip to Dumaguete that was $500 but its included...so if no trip it would have been 2K
@mistermcluvin2425
6 ай бұрын
good video. seems about right tho, you should have around 4-5k/month income before coming to the Philippines. people need to consider healthcare, medications, western food, supporting your GF and her family and kids.
@gaboristvankiska7655
6 ай бұрын
I mean 1 K USD per month
@Denied1
6 ай бұрын
Finally someone got the ba..s to tell the truth. Thanks
@derekbassett9083
6 ай бұрын
If I can live here in American on my s s I which is 1800 a month I should be able to live there with any problems
@steve1711
5 ай бұрын
Just go to the Philippines and Thailand a few times a year. Have income of around $50000 from pensions and investments. Could increase this by 20000 from savings as I have more than I can spend. But would I sell up and live abroad - hell no. Can go the Europe or the States and then South East Asia in the Winter.
@docfmf8404
3 ай бұрын
Ok lets put this into perspective. An acceptable salary in the philippines is P30000 net. Thats $535 a month. If they can make it at $535, i dont see why one cant be reasonably comfortable at twice that amount. Unless you want to put your self in a situation where youre responsible for your gf and her entire family.
@LucyMoser-pz9hj
Ай бұрын
The reason people move to the Philippines is much more than the money issue. There are enough poor countries to move too and live comfortably. The Philippines is one of the friendliest places in the world. It"s mostly because of the women where they don't have a stuck up attitude and are very beautiful and seductive!
@MrSteven5975
Ай бұрын
Many guys nowadays don’t get a girlfriend and live cheap. We have several in town.
@jetd9716
11 күн бұрын
@@MrSteven5975well they one so they won't die a loner.
@johnwray529
6 ай бұрын
This video reminds me of the movie” Treasure of the Sierra Madre” where the down in out Humphrey Bogart is asking his fellow Americans for money.
@strangeanimal1535
5 ай бұрын
I have no intention to live with a women ever again. I quit dating two years ago. I'm done with that. I'm looking to retire and live in peace. I'm 53, waiting to enjoy my freedom 55. I'll have 3 000 $ budget, no wife no kids. I'm a lone wolf by nature. I enjoy sport fishing, playing pool and golf. I don't really get lonely. I want peace and tranquility. I do enjoy company occasionally, only if I feel like it. I speak French and English. I've had a good life, kids are grown-up, totally free. I'm a quiet person and value my privacy. I'm not looking for sex, relationship nor marriage. My retirement could be in Thailand, Malaysia, the Philippine or Vietnam. I want to eat a decent BBQ steak once a week. Any suggestions ?
@andrewmponeill
2 ай бұрын
Is that 46k before tax? If not then that's over 170k php per month and it leaves me wondering where we would stand with our budget. I'm expecting between 130-150k php after tax. We should have a rather large nest egg from the sale of our house but we'd probably lose over half of that if we bought a car outright and built our own home in the Philippines . Either way, renting or not and with health insurance, I'm hoping that we'd be fine on that budget but with this "average" I'm less sure how it would hold up long term.
@dannynicart2389
6 ай бұрын
👍
@claylifto2356
2 ай бұрын
Big difference between the "average" and the "mean". The average could mean, for example, 3 millionaires and 1500 ordinary people like us.
@user-kd4pg8eb7z
3 ай бұрын
I am living very well in the suburbs of Cebu on 60k$ a year. The only work my wife does is clean the house and go shopping.
@kevinripley4405
5 ай бұрын
You can rent a house for around $200 or less a month in places like Davao city. Then the cost of electricity water will add around another $40. Food for an individual can cost $200 a month. Add an extra $100 for expenses. So say around $700 a month for 2 people is very reasonable in my experience. Of course depends always on your lifestyle etc. Just my opinion. Take care all.
@TropicShade
5 ай бұрын
Whaaaat? Our electric bill alone is over $200! We won't live in a sweatbox!
@sentinel80
5 ай бұрын
I’m in Davao, I must be doing something wrong as I’ve spent 78k so far this January and that doesn’t include rent.
@shim6057
6 ай бұрын
If you stick to a cheaper apartment. Say $250 a month that includes utilities. I would say you could cover all your base cost. For $1,000. Rent, utilities, gas and up keep for your motor bike, food, phone, health insurance. I believe you could cover this for $1,000. Now you still need all your spending money. I would say another $1,000 for that. $2,000 a month you should be good.
@MrSteven5975
6 ай бұрын
$2000 is the lowest I would go
@jetd9716
11 күн бұрын
My brother is getting $2,500 coming in from his SS and company pension. He lives in Cebu. I live in Manila but won't get my SS next year just getting by on my savings and online business for now from the US. Hopefully I can hit $3k. Im fine with that. Lol 😂
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