link to Janet's channel to see our daily spending ruclips.net/video/eTqztBECdhE/видео.htmlsi=os2K35ZJXaAK5sZg and a link to the budget I made last years It is a very good Budget ruclips.net/video/wBOKsai1XpI/видео.html
If you don't have a financial plan when moving to the Philippines you're asking for disaster. There's nothing simpler than writing down what you get monthly (social security/pension/IRA/401k, etc) vs what you spend. It's a shame that personal finance isn't a required class in the US school system. It's one of the most basic principles we need to know to function in our society.
It will be total disaster waiting to happen. Where will they go if they sold off everything in US. Rents are astronomical right now averaging 2200/month for a 700 sq. ft apt. Studios are 1800-2000/month.
I live in Colombia and during the 10 years I have lived outside the US, very rarely do I meet retired Americans who can manage money. One guy I know blows through $7000/month and still asks friends for money. My conclusion is most of these guys are like that now because they have always been that way. Offering common sense and logic does nothing for them.
I mean they teach us maths. Everyone learns all the maths they need to do a budget before they even graduate from primary school. It’s just that some people don’t want to do it.
@@PerfectSense77 The average person is irresponsible. They spend more than they earn and reuse to adjust. They vote for politicians who spend more than the government receives in revenue. Complete idiots with their head in the sand.
Good presentation, good solid information. In my life when I control the outside eating I find my budget falls in line. But its hard everybody likes a good restaurant meal and few drinks.
That's a great idea... let folks see how the costs add up and adjust for their own life style. Might get some good traction on Janet's channel to boot. Looking forward to seeing the daily breakdown..... thanks in advance Janet for taking on this effort. Are you going to be filling out a spreadsheet to track and clearly communicate costs? Peace and Love, B Goat
I should be moving to Cebu in the next month or so. Finally getting things done. My advice on is to come there a lot before moving there. You can actually see what you are going to spend. See you soon
Mike, you're spot on with this vid. I just did 3 months in Cavite without a budget. My expenses ran away from me and I spent $5,000 usd each month. I was not staying at luxury hotels (RedDoorz) but i was averaging $600 usd per month on the rent. The rest of it went to eating out, traveling, Grabs, buying stuff at the malls, etc. $15,000 usd in 3 months. It is not cheap living in the Phils. I'm coming back with a $2,500 usd monthly budget in mind. If I find myself exceeding this then I'll consider relocating my retirement elsewhere. Thnx for your insight.
I just came back from a 2 weeks visit and I spent just over 5k for the entire trip so it is possible and I didn’t go to any bars or clubs. So I don’t understand how people are living there for $1200 a month.
@@MichaelStrand-e8n is that plane fair? Other guy said he spent $5k in one week recreation. If NO CHICKS you never sleep that's almost impossible . I just spent 4 months in Angeles
Watch his $800 USD Budget video. Whenever my wife and I go to the Philippines for 2 or three weeks we spend at least 5k. But we are going out to eat everyday and many times bringing about 10 of her relatives along. Before we leave we buy groceries for her 3 sons and give them $100.00 each. We sometimes stay at one of her sons house, but I don’t like it because there’s no hot water, no AC, the shower is a bucket of water, and you dump water in the toilet to flush it. Sleep on a cushion on the floor. All of that would be no problem if I was still young. However, you don’t find good deals on rent and other things unless you know someone from the Philippines. It depends on what part of the country you live in too. You should be able to find a nice furnished place with AC and hot water for $500.00 a month or less.
Your exactly right about personal budgets. I can live on 500 USD a month and am doing it. But there's a cost to setup your lifestyle. The videos help to establish setup cost. Land in the Philippines and all your Stuff is in carry on. It's doable when your not a slave to your own environment. Walk away. It's just life.
I am from the UK and thinking of retiring in the Philippines in a few years and have been watching videos about the cost of living there. Since most of the channels convert into US Dollars, I have decided to work out my budget in dollars instead of GBP but since my pensions will be paid in GDP to simply put the difference aside since 1GDP = more than 1 Dollar. So if my budget is $1800 dollars I will have £1800GBP and can put the difference in exchange rate aside for emergencies. Hope you understand this.
Hi Mike. You know the 80k pesos a month I thoughtfully recommended was for one person. Naturally everyone's milage shall vary. The receipt way to keep track is a good start to set the monthly soft expenses. I do like your 100k monthly. Curious as to how that works out. I'll be using the envelope system once mentioned/recommended as for me to stay on budget. My "full Time" arrival date won't be until I'm 63.5 yrs old of which is Jan of 2028 and quiet a bit can happen between now and then. Always enjoy your content. Your friend from afar, JM PS. Will be first time boots on the ground this November.
Monthly budgets are different from Emergency Funds or Start Costs. Any known recurring costs whether monthly or not (ie tires, bike/car maintenance, doctor/dentist checkups etc) need to be in the monthly budget... just saying. P&L, BG
Hi Mike. Great video on budgeting in the Philippines and also great advice and ideas on "start up costs" when someone starts living there. Thanks and keep up the great work Mike.
The most important thing I’ve learned watching your channel is how important savings are. I think you can make it in the Philippines on whatever amount you have coming in each month. But I’m making an extra effort to increase my savings before I come in 4-5 years.
The two major pharmacies have online stores and you can enter the name of the medication and get the pricing. For instance metformin had a half dozen choices on brand names etc. Dumaguete also seems to be a boots on the ground for rentals. Mike, I am an artist and are there art stores to get large sketch paper 18x24” minimum? Art supplies? I would think with lots of universities in Dumaguete there might be a legitimate art store?
Budgeting should be easy. It sounds like the problem is the husband in this video (Mike) has a wife who is out of control and he is not reining in her spending. Mike, you are not leading your family like you should. Take responsibility and take charge now or later you will be very sorry. Don't say you hope Janet does not spend. Janet only spends what you let her spend. Sh has no access to your Social Security money, US accounts, or anything else unless you hand it to her. Break down her allowance to a weekly amount instead of monthly. You pay the bills. You go with her to buy the groceries. Man up. If you need to stop her allowance for a month or two to get it under control, do it now.
@@mikesphilippineretirement I did watch a couple last week. You and Janet, mainly Janet, broke your budget in those videos as well. You are in denial like many guys who let the wife get away with it for a little sex or to not have an argument. The man is supposed to lead his wife, that includes setting a budget and sticking to it. Not spending 25% or 30% more each month.
very interesting video Mike and Janet.... How much allowance goes to Janet's family ? Would you consider allowance payments as part of a core budget ? Thanks guys!!!
@@mikesphilippineretirementI think 2k peso is not enough, unless it’s for her parents only. 2k US would be way too much. I think I would make it 3k or 4k, with the understanding that they would have to save part of that for anything unexpected that comes up. Such as medical, dental, lost or stolen cell phone or whatever. Let them know that you are not going to pay for any funeral expenses or anything else. Sure you might donate for something like a funeral, but make sure that they don’t expect anything from you above whatever monthly allowance you give them.
Im on a fixed budget of $3,122 per month, 3,015 after bank fees. I spend p92k per month as a single expat in Metro Manila, my breakdown is 65k condo, 16k food, 2k net, 7k electric and water, 1.5k subs. Have car and scooter paid for, I self insure for medical. Put $1,000 dollars to savings and the rest to eat out and bar hop. Zero debt.
I'm not over there yet, but when I do come, I'll have a comfortable budget of 140,000 pesos a month without ever having to dip into my 401k savings ($450,000 US). That budget will even allow me to put away another 100 bucks into savings each month. I want a spacious 2-3 bedroom rental in a development with a pool. I want a housekeeper / maid to work 5 days a week, premium local health insurance, a membership to a quality gym, and good travel budget so I can take a trip every month to a different area of the Philippines. I'll buy a motorcycle. I'll might also pay for a visa service company that takes care of that paperwork and hassle for me. So I guess my questions would involve the cost of insurance, gym, maids, and visa services. I think I can easily pay 700-800 for rent. I'll be 63 and single, very good health (workout nut). Dating a girl will come eventually but it's very low on the priority list.
Hi Mike, good vid, will subscribe Janets channel. Btw, im an Australian. I some 5 to 6 years away from full-time retirement. I diffinately wont be living in the big cities, visit only. I find the province life suits me more. Keep up the good work Mike, looking forward to more content on maintain a doable budget. Cheers from Australia.
I will keep most of our savings back in Canada. We own our land in Anda ( well my wife does) and we rent out a few other properties in the province. We love to travel so we need a big budget. Will be there full time in 4 years or so.
"Janet and I have lost control of our budget" But I bet it was a good time. lol. Really, in thinking back, I think this is the same topic you were talking about about when j first found your channel.two years ago. It's all come full circle.
Mike, I am like you, I have never been good at handling money. If I ever get married, she will need to be very good with money. I am getting myself out of debt this year and will try to save money for 2 years after that.
Understand that if your not watching closely you will probably be over budget. Yes the unforeseen will definitely get you if you don't plan. Thanks Mike an Janet.
Folks mike mentioned the pharmaceutical drugs here. I have chronic illnesses so i'm taking a few medications i will tell you this after 2 years. Please compare the prices at TGP which is the generic pharmacy here. You may want to compare them against the nationals it would be mercury drugs and watson drugs. There is a wide differences in lots of drugs between those three so you can compare and go by that the other companies over there are either don't have stock or they just seem weird. I hope that helps...Southstar drugs is a good one too.
Good video. Yup, need a budget. Retired expat from the US living in Thailand almost six years. Wife owns hours. We own car and motorcycle. She gets an amount to save and help her family a bit. Save some every month. No real inflation where we are. We eat out every day. Inexpensive. Travel reasonable. Just need to keep an eye on things.
@@mikesphilippineretirement no inflation where we are. But in Phuket bad inflation for properties, rents. Food?? Too overcrowded. Too many Russians. We used to live there. Visit in April.
Between you and I, I’m more interested in the amount you spend traveling etc ( as you’ve mentioned you’ve done earlier ), without looking at a budget. Anyone can try to live frugal, the question is, do I want to ? In short, how much would I need to live worry free, traveling all over Southeast Asia by maybe having a base somewhere in the Philippines. Give me a minimum and maximum. Thanks in advance for your time.
Mike what is up. I just found few another comments from another people. They also said they spent 5000$ US per month in Philippines .You didn't call that is BS.
If I had $4-$5K/month retirement, I’d be living in the U.S. with my Filipina Wife! Reality is, most retirees only receive $1500-$2000/month on Social Security.
@@jerrymarshall2728 I do understand that. I don't know if you read one of my previous comments. Let me write again. I know older American man. He retired from big US oil company. He was some sort manager.He was at that time 66 years old. He divorced his American wife. Married 24 years educated Phillipino women. They moved to Phillipines. They living in big city. They own big property. Big house with modern appliances,Central AC, in ground pool. They don't drive theirs cars. They have private driver, personal chefs, landscaping crew, 24 hrs around clock maids service, pool maintenance crew... They told me their monthly expenses are 5000$ US .
@@jerrymarshall2728 Looks to me. You are one of few expats living in reality. What I see on RUclips all expats living in provinces or hours away from city. There is few of them living in city. If I want to live in rural area. I can do that in America with better infrastructure and better amenities.
I know few very well off Phillipino Americans. They are highly educated professionals. They make over six figures. They told me if you want to retire in big city in Philippines and have western style of living. Big house with AC constantly running, western style appliances, pool, maid service... You need budget min 5000$ US . If is your budget less. They don't reccomend you to retire in Phillipines.
@@mikesphilippineretirement I don't understand why you said that. I am not kidding. Yes I do know several families Phillipines Americans. Even for US standards they doing really well. Some of them running own business. Some of them are highly educated professionals in different fields. Mostly medical field. By the way I was never visited Philippines.They told me is very common in Philippines for people with money to have private driver, private chefs, several maids, nanny itc. Look I don't consider myself rich man. Still I can spent 5000$ per month. You can ask your wife. They are told me one of their nephews works as Chief Engineer on ships. Earning close to 10 grand a month $. US . They said his family expenses are around 5 grand a month. I am not making none of this.
I budget $4000/mo. for living expenses and travel. Those guys telling you $1500 is enough just plan on existing in the Philippines, not living out the best life they can
Hey Mike, this is so frustrating. No one ever answers this question let’s say I retire in the Philippines from America. I’ve only been in the Philippines less than a month and I don’t have Philippines bank account yet I guess most people use wise, but how am I gonna transfer money from my account in America to myself If I don’t have an account to transfer it to?It doesn’t make any sense where do I pick the money up at? Where does the transfer go to??????
be aware inflation is real and your ss will not keep up with your monthly budget.. in 10 years your budget will not resemble what it is today. I go back 10 years I was spending 50% less and the peso is volatile so take that into account also. lot of variables and 1k usd is not going to cut it in a few years.sweet spot is 2.5 k and you are all right for a long run unless you want to skimp. imo
if your not trying to save a bit of money then your spending is totally out of control . can you find out the price of rebar per length so i can work out the coss of my construction ,8m 10m and 12m .thank you .
I don't think you mentioned what Immigration will charge you when you make your first visit or two to their office for visa's & other fees Mike. That is essential to have enough cash for those fees & charges.
.. Mike .. Pinahahalagahan at gusto ko ang iyong RUclips Channel .. May tanong ako sayo .. Are You regularly doing Cardio-Exercises to Strengthen Your Heart...? .. I am asking because I have noticed that you somewhat frequently mention your health, and also your desire to provide for Janet & her son, so that they can be financially secure when you pass .. If You can dedicate yourself to improving the Strength of Your Heart it will improve the Quality of the Remaining 20-or-30-years of your life, and allow you more time with your family, and allow you more time to prepare the financial framework you earnestly want to provide .. I urge you to please consider starting a Cardio Exercise Program to Strengthen Your Heart .. As we age, our hearts grow weaker, and shrink in size, just like our arm and leg muscles do, but you can actually increase the size & the strength of your heart if you "exercise it" regularly .. You Will Live Longer & Better .. Maraming Respeto sa Iyo at sa Iyong Pamilya.. ..🙏😇..
hello mike happy to hear u again good topic again,, u know my late husband give a budget at 40k good for 1 month i groceries 20k good for 1 month coz we live in our ancestors house so im have 1 sitewr and 2 brothers and my mom,the remaining 20k i pay that internet electric bill water ,instead of 60k i only accept 20k so the 20k he save it but he has left in his navy pension around 40k +his state pension he has 100k on his pocketif we go out for pasyal i want only once a week coz i dont like shopping i only want him to excercise for walking lol. if we travel abroad like SINGAPORE MALAYSIA HONGKONG ONLY ME AND HUBBY OUR HONEYMOON IS IN THAILAND HE WANTS TO ACCOMPANIED MY 2 NIECES,2 GRAND DAUGHTERS ,WITH THEIR ALLOWANCE OFCOURSE 5K EACH /DAY WE STAYED THERE 1 WEEK, AFTER THAT WE GO AGAIN TO MALAYSIA ,AND SINGAPORE WITH MY SISTER ,NIECE AND NEPHEW,WE STAYED THEIR FOR 1 WEEK ALSO WITH THEIR ALLOWANCE OFCOURSE 5K EACH A DAY.SEE HOW GENEROUS MY HUBBY.. COZ THEYS SAY THE MORE THE MARRRIER LOL
Everything I stated in my previous comments was 100% true. I don't understand why you said I made up things.I do know many Phillipines Americans. Some of them doing exceptionally well even for American standards. Some of them running own business. Some of them are highly educated professionals in different fields. Mostly in medical field.I was never visited Philippines. I am not looking for Phillipino girlfriend or wife. I am happy with my long term American girlfriend. We where just exploring possibilities for visiting different countries when retire and living there for 6 months or so.I am not bragging but my budget will be much higher than you guys promoting. I will get SS 4000$ , have 401k, and company pension. Lucky still working for one of few companies offering pension.I am planning to have budget for me and my girlfriend between 4000$ and 6000$. Per month.We are not cooking our food in US and also We don't planning to cook our food. Want to live in big city. Probably Manilla. Renting house with pool.We don't planning to drive. Using taxi for errands and trips.Basically enjoy 6 months vacations. I hope I didn't offend anyone. But definitely I will take advice of my Phillipines Americans for budget.
Whats available for "plant based" vegetarian/vegan type frozen foods like the fake chicken patty burgers, fake meat burger, fake corndog etc etc. Walmart in usa amazing 4pack of chicken burgers is 3.98 and other brands vary around basically 1$ per burger patty
I think this applies to every situation You live within your means and have funds in place to cover emergencies. It is particularly applicable when living in a foreign country where you don't have access to resources you have at home. I think the first thing you need to do is get out of 'tourist' mode. While things like eating out may be cheaper than at home doing it too often is going to eat into your funds.
If you ever build you better let me know, Dont try to budget it, It costs way more, Everyone is on payroll, Dont Trust in family neither, Im always 1500 to 2000 thats condo in City, and Small Castle in Jungle, I say Family of 5 adults 1 infants, I do spending on Construction improvements on the province property as well, So this is not all food and bills, I consider myself living very comfortable comfortable among a very caring tight circle of 5, 500 a month on Food, is what I stride, for, always caring a 3 month supply, on hand incase of Disaster or Super typhoon, Ive seen power during construction as much as 12k a month, God Bless
I am 32 have been planning on going to move to the Philippines or somewhere south east asia for 8 years now. I got 3 more years till I hit my financial goal. At that point I will have all my social security credits. I appreciate these videos
I would like to ask you a question that is really not about today’s show.I’m looking at going to the Philippines in January to end of march in 2025. But I’ve been looking at Airbnb‘s for places to stay and I find most of them very expensive. do you know of companies or places where I can find a condo that I can rent by the month for under $500 Canadian or close to it. I’m really not sure where to look. Anyways, I just wanted to say I really enjoy watching your videos. You have taught me so much about the Philippines.So any help you could give me would be greatly appreciated. Your fan John. Thanks.
Hey Mike great channel I like what you 😢do. I will travel there in august of this year (my second time there ) to scout a good area to live when I retire in 2025 my budget will be around 1500 - 2 grand a month I am thinking Cebu or surrounding area until I find somewhere I like. My question is. Is there a place for expats to obtain information on the areas. Have a blessed day
Car going to be in my budget i dont feel safe on scotter need cash for car no payment intrest rates on a car is a scam you cant pay off early to save money thanks for information .travel can be expensive on short flight notice in philippines i experience i pay 300$ x 2 round trip davao to manila short notice not by choise u.s immigration medical then another trip interview
I get a kick out guys that ask how much it costs to live there. Everybody is different, and there are just too many variables to give an accurate answer
Looks to me. All expats in Philippines living in provinces or hours drive from big city. If I ever relocate to Phillipines. I will be living in big city. Probably Manilla. I am not interested to live in provinces or hours drive from big city.
I will take advace from my friends very well off Phillipino Americans . To live comfortably in Philippines you need budget 5000$ US per month. Less than that don't bother.
@@mikesphilippineretirement Yes I do. In fact I know American 66 years old man. He retired from big oil company.He was working in some sort management position.Divorced his American wife. Married 24 years educated Phillipino women. They moved to Philippines. They living in big city. They own big property. Big house with big pool, all western modern appliances. Basically AC running constantly. They don't drive theirs cars. They have private driver, personal chefs, 24 hrs maids service, landscaping crew, pool maintenance crew. They told me their monthly expenses are about 5000$ US . By the way they moved there few years ago.
@@peterdutchyBy the way I was never visited Philippines. But I know many Phillipines Americans. Even for US standards they doing exceptionally well. Some of them running own business. Some of them are highly educated professionals working in different fields. Mostly in medical field. They told me in Philippines is very common for people with money to have private driver, private chefs, several maids, nanny. Nobody is bragging here. I don't consider myself rich. I still can spent 5000$ every month. Apparently You and your buddies can't . That is guys your problem. I am sorry for you.
Yes You can live very comfortably living western style life even for less money.Someone mentioned in one of blogs Just 2% expats have budget that big.I know American man. He was 66 years old. Retired from USA big oil company. He retired from some sort management position. Divorced his American wife. Married 24 years educated Phillipino women. They moved to Phillipines to one of the major big city. They have big property. Big house with all western modern appliances, Center AC basically runs all time due heat, big in ground pool. They don't drive theirs cars. They have private driver, personal chefs, 24 hrs around clock maids service , landscaping crew, pool maintenance crew... They told me their monthly expenses are about 5000$ US. By the way they moved there few years back.
Paradise has to have perfect weather (ie. Similar to Oahu or CDMX). Philippines is hot and humid to the point that you can't even go on a 1 hour walk from 10 AM to 8 PM without being drenched in sweat and uncomfortably hot within 15 minutes. Not paradise kiddo.
@Re3iRtH Wrong again. You simply are not conditioned to the climate. I live in SE Texas, which in the summer is hotter and more humid than the PI. When visiting family there I run circles around them, as I am used to working out in 114 degree heat index all day.
What all these guys actually need is someone who doesn't have ulterior motive s (their business is to sell books of get you to dating sites) to come up with a genuinely realistic cost of items. Then, a simple budget spreadsheet which the guys can enter details in. Having lived over there what I can say is that it is NOT as cheap as many of the influencers claim. Can I suggest that you do a posting on different types of eating out places ..... From cheap hole in the wall to a 5* restaurant ..... Showing the current costs for a two course meal. Filipina like to eat out so if you are hoping for a girlfriend, it will be useful for you to know.
I have a BALL living on $1500 per month in Oklahoma, where I can ccw a pistol at all times and have a silenced AR-15 in my car at all times, and wear concealed armor, too. You may laugh about that now, but in a year or so, it's not going to be a joke anymore. When the USD collapses, as it WILL from all of this over-printing of currency, lots of things are not going to be a joke, at all. and I dont mean just in the US, either. Half of the GNP of the Phills is money sent home from Filipinos who are living abroad. Without the US, Europe, much of Latins and S America, Canada, etc, are going to collapse, too. and so will the Phills. There's a million sq miles of BLM land in the US. $120 per year gets you a 20 acre "minining claim", You can have a garden, small livestock, hunt, trap and fish on that claim You can have one up north for the summer and one down south for the winter.
@@mikesphilippineretirement that's funny. i have ZERO fear, cause I"m READY. You're living in denial Any punk with a machete can take you out i a hot second.
@@Fell214 you have it backwards. I have zero fear, cause I can handle anything that happens and I've got the US medical system within 10 minute's reach. Get bad sick or hurt in Phills and you'll find out. It takes all damned DAY just to get a scrip for some sedatives in Manila! Go ahead, keep living in denial about how precarious life is in the Phills. My wife is pinay and if it were not for the money we sent her family during the 2 year lock-down there for virus, a dozen of her relatives would be DEAD now.
You Americans are so silly. Nothing is going to collapse, people have been saying that for 20, 30, 40 plus years 🤣😂. If it does, so be it, but I’m not living my life “just in case”. Otherwise people would never go outside in case the sky falls in. Not a way to live. Just come to the Philippines, meet beautiful people, eat good food, relax…
There is no 'social services' any longer in the U.S.. Even for the benefits one has paid for out of their wages. No longer Unemployment insurance. You can pay into it, but not claim it now. No longer Workman's compensation insurance. Again, you can pay in it, but it covers nothing and cannot claim it. There is no medical through the State anymore. Those benefits no longer go to American citizens, they've been cancelled. So not losing social services by moving to PH, but don't have to pay for them which will be put forth to the services needed in PH.
@@mikesphilippineretirement I live here and am currently dealing with UI. Food stamps for who? A white male BY LAW and rules now does not receive benefits. I have the government documentation to prove zero 'benefits' (that I paid for for 38 years of working out of my wages) are available for the money taken out of wages working. You have been away for a while and are not familiar with the system of the U.S.. I currently live here and have to deal with the government. All that I tell you I can back up with Gov't emails, laws, procedures, and rules as I have been dealing with the Gov't for the last few Months. There are no available services. The guidelines for these services clearly state we do not get these benefits. We are not an illegal immigrant, minority, or foreign Country. I say to you with fact, all the money paid into UI, Workman's comp while working, you will not receive and will be denied.
@@mikesphilippineretirement Yes. The human rights division Secretary of State Unemployment division section 24.11.454A , (i), (iv) has to be filed form (Title VII of the Civil Rights Act of 1964 federally) . The employer cannot discriminate. The form for Civil rights division to apply for UI has specific categories of marked boxes in relation to the law passed. There is no no box to check for a white male. The law only applies to minorities for discrimination or unlawful termination. The law passed in the house and senate, does not include white males for equal rights and protection. If a white male was terminated, fired, or denied benefits under wrongful termination from that company/business under Federal and State law, it does not apply to you. Even though one is listed legally by law to be disabled. Because there is no checkmark for 'causation' or 'white' male. Only for minorities. We no longer receive UI, even being disabled. 49-2-303. Discrimination in employment. (1) It is an unlawful discriminatory practice for: (a) an employer to refuse employment to a person, to bar a person from employment, or to discriminate against a person in compensation or in a term, condition, or privilege of employment because of race, creed, religion, color, or national origin or because of age, physical or mental disability, marital status, or sex when the reasonable demands of the position do not require an age, physical or mental disability, marital status, or sex distinction; The portal complaint form asks: Nationality, sex, age, etc. for the form. There is no box to check for Caucasian or white, so the law doesn't apply to white males, just everyone else. Truth. I just went through this. Form of Complaints: A complaint must contain, at a minimum, the following information: 3). A brief clear and concise statement of the facts, including pertinent dates, constituting the alleged unlawful discriminatory practice. Please include the protected class you believe to be the bases of the alleged discrimination: age, race, color, sex (including sexual harassment, pregnancy, sexual orientation and gender identity), national origin, religion, creed, disability, marital status, vaccination status, familial status (housing claims only), political belief (government claims only) and **retaliation. There is no box to check for a white male. No benefits. That's what America has come to. Sucks....
Why comment as you ask Mike when every response is the same generic 3 words. I understand comments of any sort, even this one helps your channel. That's what I guess you're after, not our sincere comments and questions. Ijs 😅
link to Janet's channel to see our daily spending ruclips.net/video/eTqztBECdhE/видео.htmlsi=os2K35ZJXaAK5sZg and a link to the budget I made last years It is a very good Budget ruclips.net/video/wBOKsai1XpI/видео.html
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
If you don't have a financial plan when moving to the Philippines you're asking for disaster. There's nothing simpler than writing down what you get monthly (social security/pension/IRA/401k, etc) vs what you spend. It's a shame that personal finance isn't a required class in the US school system. It's one of the most basic principles we need to know to function in our society.
It will be total disaster waiting to happen. Where will they go if they sold off everything in US. Rents are astronomical right now averaging 2200/month for a 700 sq. ft apt. Studios are 1800-2000/month.
I live in Colombia and during the 10 years I have lived outside the US, very rarely do I meet retired Americans who can manage money. One guy I know blows through $7000/month and still asks friends for money. My conclusion is most of these guys are like that now because they have always been that way. Offering common sense and logic does nothing for them.
I mean they teach us maths. Everyone learns all the maths they need to do a budget before they even graduate from primary school. It’s just that some people don’t want to do it.
@@PerfectSense77 The average person is irresponsible. They spend more than they earn and reuse to adjust. They vote for politicians who spend more than the government receives in revenue. Complete idiots with their head in the sand.
Well said so 👍 true
Great idea I will be watching. I know we have different budgets but it will be interesting.
Awesome! Thank you!
Good points to consider. Thanks.
Welcome!
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Good presentation, good solid information. In my life when I control the outside eating I find my budget falls in line. But its hard everybody likes a good restaurant meal and few drinks.
thanks John
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Alcohol is a terrible drug. Give it up and your life and health will improve. Spend the money on a gym membership.
Appreciate what you're going to do
thanks so much Jim
That's a great idea... let folks see how the costs add up and adjust for their own life style. Might get some good traction on Janet's channel to boot. Looking forward to seeing the daily breakdown..... thanks in advance Janet for taking on this effort. Are you going to be filling out a spreadsheet to track and clearly communicate costs? Peace and Love, B Goat
no spread sheet but you will be able to follow it clearly
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
i have found i can teach wealth management creation but few listen, or carry out a plan. in stead they whine about life.. until they hit rock bottom..
I should be moving to Cebu in the next month or so. Finally getting things done. My advice on is to come there a lot before moving there. You can actually see what you are going to spend. See you soon
see you Daniel
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Mike, you're spot on with this vid. I just did 3 months in Cavite without a budget. My expenses ran away from me and I spent $5,000 usd each month. I was not staying at luxury hotels (RedDoorz) but i was averaging $600 usd per month on the rent. The rest of it went to eating out, traveling, Grabs, buying stuff at the malls, etc. $15,000 usd in 3 months. It is not cheap living in the Phils. I'm coming back with a $2,500 usd monthly budget in mind. If I find myself exceeding this then I'll consider relocating my retirement elsewhere. Thnx for your insight.
tourist mode the 2 week millionaire
You left out all the girls you had. There is NO WAY to stay red doors and spend $5000 ?a month without bar girls
I just came back from a 2 weeks visit and I spent just over 5k for the entire trip so it is possible and I didn’t go to any bars or clubs. So I don’t understand how people are living there for $1200 a month.
@@MichaelStrand-e8n is that plane fair? Other guy said he spent $5k in one week recreation. If NO CHICKS you never sleep that's almost impossible . I just spent 4 months in Angeles
Watch his $800 USD Budget video. Whenever my wife and I go to the Philippines for 2 or three weeks we spend at least 5k. But we are going out to eat everyday and many times bringing about 10 of her relatives along. Before we leave we buy groceries for her 3 sons and give them $100.00 each. We sometimes stay at one of her sons house, but I don’t like it because there’s no hot water, no AC, the shower is a bucket of water, and you dump water in the toilet to flush it. Sleep on a cushion on the floor. All of that would be no problem if I was still young. However, you don’t find good deals on rent and other things unless you know someone from the Philippines. It depends on what part of the country you live in too. You should be able to find a nice furnished place with AC and hot water for $500.00 a month or less.
Coconut oil is healthier than Vegetable/ Canola oil.
Yes, you are right
@@mikesphilippineretirement , maybe less expensive too
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
We're looking forward to seeing the grocery prices in Dumaguete Mike!
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
You'll get there mike... the channel thing will help too.
Good advice, especially on the saving no matter what: 15 to 25% is a good amount.
we will find out at the end of the month
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I like you addressed traveling , I go all over the place. My budget for traveling is $2000 per month.
we will do our best
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Your exactly right about personal budgets. I can live on 500 USD a month and am doing it. But there's a cost to setup your lifestyle. The videos help to establish setup cost. Land in the Philippines and all your Stuff is in carry on. It's doable when your not a slave to your own environment. Walk away. It's just life.
I'm watching another of your vids now D. Rental
Hello Mike and Janet. Very good advice. Rudy G. Cebu.
thank you Rudy
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I am from the UK and thinking of retiring in the Philippines in a few years and have been watching videos about the cost of living there. Since most of the channels convert into US Dollars, I have decided to work out my budget in dollars instead of GBP but since my pensions will be paid in GDP to simply put the difference aside since 1GDP = more than 1 Dollar. So if my budget is $1800 dollars I will have £1800GBP and can put the difference in exchange rate aside for emergencies. Hope you understand this.
budget in Peso. I put everything in Peso and dollar
Great video
Thanks for the visit
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Thank you mike was waiting for another grocery deal from you guys that way we can compare to what was happened in the year or two ago!
next video is a small trip to the store for a few items
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Hi Mike. You know the 80k pesos a month I thoughtfully recommended was for one person. Naturally everyone's milage shall vary. The receipt way to keep track is a good start to set the monthly soft expenses. I do like your 100k monthly. Curious as to how that works out. I'll be using the envelope system once mentioned/recommended as for me to stay on budget. My "full Time" arrival date won't be until I'm 63.5 yrs old of which is Jan of 2028 and quiet a bit can happen between now and then. Always enjoy your content. Your friend from afar, JM PS. Will be first time boots on the ground this November.
enjoy your trip to the Philippines in November
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Monthly budgets are different from Emergency Funds or Start Costs. Any known recurring costs whether monthly or not (ie tires, bike/car maintenance, doctor/dentist checkups etc) need to be in the monthly budget... just saying. P&L, BG
you tell them Billy
Hi Mike.
Great video on budgeting in the Philippines and also great advice and ideas on "start up costs" when someone starts living there.
Thanks and keep up the great work Mike.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
thank you so much
Good video Mike always have fun you all 🎉🎉🎉🎉🎉🎉🎉🎉
Always!
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Thank you Mike. I plan to arrive in Dumagute in a year. I'm on a fixed income and should have enough if I'm cautious.
Have a good plan and enjoy your life
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Good information. Nice channel 👍 _( always have a budget 💸 )_
4000 is nuts. You need a good budget
4000 usd is more than you need
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
The most important thing I’ve learned watching your channel is how important savings are. I think you can make it in the Philippines on whatever amount you have coming in each month. But I’m making an extra effort to increase my savings before I come in 4-5 years.
Great point! Save as much as you can
Thanks Mike
thank you for watching
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
The two major pharmacies have online stores and you can enter the name of the medication and get the pricing. For instance metformin had a half dozen choices on brand names etc. Dumaguete also seems to be a boots on the ground for rentals.
Mike, I am an artist and are there art stores to get large sketch paper 18x24” minimum? Art supplies? I would think with lots of universities in Dumaguete there might be a legitimate art store?
yes I saw In Ayala Mall an Art supply store
@@mikesphilippineretirement great, now I can leave all that behind and bring my pop-up mosquito net instead. 😂
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Hii Mike and Janet , looking forward to this video. Mike , you look great in your blue shirt
Danny Nyc
Thanks so much
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Budgeting should be easy. It sounds like the problem is the husband in this video (Mike) has a wife who is out of control and he is not reining in her spending. Mike, you are not leading your family like you should. Take responsibility and take charge now or later you will be very sorry. Don't say you hope Janet does not spend. Janet only spends what you let her spend. Sh has no access to your Social Security money, US accounts, or anything else unless you hand it to her. Break down her allowance to a weekly amount instead of monthly. You pay the bills. You go with her to buy the groceries. Man up. If you need to stop her allowance for a month or two to get it under control, do it now.
hope you watch all the videos so you get to know Janet. bc your so wrong with your comment
@@mikesphilippineretirement I did watch a couple last week. You and Janet, mainly Janet, broke your budget in those videos as well. You are in denial like many guys who let the wife get away with it for a little sex or to not have an argument. The man is supposed to lead his wife, that includes setting a budget and sticking to it. Not spending 25% or 30% more each month.
Not sure will watch the next blog no doubt from a foreigners living in the philippines
yes we are in the Philippines? why your not going to watch the next video?
mike visit roxas city in April 100 km from iloilo about half the cost of Iloilo but has many malls , hospitals and beaches
will see if we can do that
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
very interesting video Mike and Janet.... How much allowance goes to Janet's family ? Would you consider allowance payments as part of a core budget ? Thanks guys!!!
2k goes to the family. Janet is now paying that out of her earnings. If her earning fall short i kick in the difference
@@mikesphilippineretirementI think 2k peso is not enough, unless it’s for her parents only. 2k US would be way too much. I think I would make it 3k or 4k, with the understanding that they would have to save part of that for anything unexpected that comes up. Such as medical, dental, lost or stolen cell phone or whatever. Let them know that you are not going to pay for any funeral expenses or anything else. Sure you might donate for something like a funeral, but make sure that they don’t expect anything from you above whatever monthly allowance you give them.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Mike 🙌🐸 keep on shining brother ☀️☯️
thank you Michael
@@mikesphilippineretirementhey Janet, you better put a leash on Mike, to get his thrifty spending habits under control 😜
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Im on a fixed budget of $3,122 per month, 3,015 after bank fees. I spend p92k per month as a single expat in Metro Manila, my breakdown is 65k condo, 16k food, 2k net, 7k electric and water, 1.5k subs. Have car and scooter paid for, I self insure for medical. Put $1,000 dollars to savings and the rest to eat out and bar hop. Zero debt.
nice budget
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I'm not over there yet, but when I do come, I'll have a comfortable budget of 140,000 pesos a month without ever having to dip into my 401k savings ($450,000 US). That budget will even allow me to put away another 100 bucks into savings each month. I want a spacious 2-3 bedroom rental in a development with a pool. I want a housekeeper / maid to work 5 days a week, premium local health insurance, a membership to a quality gym, and good travel budget so I can take a trip every month to a different area of the Philippines. I'll buy a motorcycle. I'll might also pay for a visa service company that takes care of that paperwork and hassle for me. So I guess my questions would involve the cost of insurance, gym, maids, and visa services. I think I can easily pay 700-800 for rent. I'll be 63 and single, very good health (workout nut). Dating a girl will come eventually but it's very low on the priority list.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
thanks for sharing
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Hi Mike, good vid, will subscribe Janets channel.
Btw, im an Australian.
I some 5 to 6 years away from full-time retirement.
I diffinately wont be living in the big cities, visit only.
I find the province life suits me more.
Keep up the good work Mike, looking forward to more content on maintain a doable budget.
Cheers from Australia.
Welcome aboard!
I will keep most of our savings back in Canada. We own our land in Anda ( well my wife does) and we rent out a few other properties in the province. We love to travel so we need a big budget.
Will be there full time in 4 years or so.
I’m planning an initial budget of $3,300. If necessary, I can go much higher.
That is plenty but always great to have more if needed
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
"Janet and I have lost control of our budget"
But I bet it was a good time. lol. Really, in thinking back, I think this is the same topic you were talking about about when j first found your channel.two years ago. It's all come full circle.
It was!
@@mikesphilippineretirement I should try to find that older video just to compare prices then and now. Nothing ever gets cheaper.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Mike, I am like you, I have never been good at handling money. If I ever get married, she will need to be very good with money. I am getting myself out of debt this year and will try to save money for 2 years after that.
getting out of debt is always a good thing to do. Thanks LLL
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Understand that if your not watching closely you will probably be over budget. Yes the unforeseen will definitely get you if you don't plan. Thanks Mike an Janet.
thanks Jude K
How much for a dozen eggs. How much for a loaf of bread..may I know. Thanks
eggs 117 peso bread up to 80 peso
Thanks very much for that. Imported or local eggs.
Folks mike mentioned the pharmaceutical drugs here. I have chronic illnesses so i'm taking a few medications i will tell you this after 2 years. Please compare the prices at TGP which is the generic pharmacy here. You may want to compare them against the nationals it would be mercury drugs and watson drugs. There is a wide differences in lots of drugs between those three so you can compare and go by that the other companies over there are either don't have stock or they just seem weird. I hope that helps...Southstar drugs is a good one too.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
thanks for sharing
Mike - Did you receive the Budget Spreadsheet that I emailed to you?
Yes sir I replied today
Good video. Yup, need a budget.
Retired expat from the US living in Thailand almost six years.
Wife owns hours. We own car and motorcycle.
She gets an amount to save and help her family a bit.
Save some every month.
No real inflation where we are. We eat out every day. Inexpensive. Travel reasonable.
Just need to keep an eye on things.
thanks for sharing Bruce but no inflation!
@@mikesphilippineretirement no inflation where we are. But in Phuket bad inflation for properties, rents. Food?? Too overcrowded. Too many Russians. We used to live there. Visit in April.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Old school WTG!!! Your on the right path.
funny old school is the only school i know. Hahaha
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Between you and I, I’m more interested in the amount you spend traveling etc ( as you’ve mentioned you’ve done earlier ), without looking at a budget. Anyone can try to live frugal, the question is, do I want to ? In short, how much would I need to live worry free, traveling all over Southeast Asia by maybe having a base somewhere in the Philippines. Give me a minimum and maximum. Thanks in advance for your time.
$5000 to $10,000 USD per month and you should have no worries.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Mike what is up. I just found few another comments from another people. They also said they spent 5000$ US per month in Philippines .You didn't call that is BS.
If I had $4-$5K/month retirement, I’d be living in the U.S. with my Filipina Wife! Reality is, most retirees only receive $1500-$2000/month on Social Security.
@@jerrymarshall2728 I do understand that. I don't know if you read one of my previous comments. Let me write again. I know older American man. He retired from big US oil company. He was some sort manager.He was at that time 66 years old. He divorced his American wife. Married 24 years educated Phillipino women. They moved to Phillipines. They living in big city. They own big property. Big house with modern appliances,Central AC, in ground pool. They don't drive theirs cars. They have private driver, personal chefs, landscaping crew, 24 hrs around clock maids service, pool maintenance crew... They told me their monthly expenses are 5000$ US .
@@jerrymarshall2728 Looks to me. You are one of few expats living in reality. What I see on RUclips all expats living in provinces or hours away from city. There is few of them living in city. If I want to live in rural area. I can do that in America with better infrastructure and better amenities.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I know few very well off Phillipino Americans. They are highly educated professionals. They make over six figures. They told me if you want to retire in big city in Philippines and have western style of living. Big house with AC constantly running, western style appliances, pool, maid service... You need budget min 5000$ US . If is your budget less. They don't reccomend you to retire in Phillipines.
again your kidding. I do not believe you have friends saying that
@@mikesphilippineretirement I don't understand why you said that. I am not kidding. Yes I do know several families Phillipines Americans. Even for US standards they doing really well. Some of them running own business. Some of them are highly educated professionals in different fields. Mostly medical field. By the way I was never visited Philippines.They told me is very common in Philippines for people with money to have private driver, private chefs, several maids, nanny itc. Look I don't consider myself rich man. Still I can spent 5000$ per month. You can ask your wife. They are told me one of their nephews works as Chief Engineer on ships. Earning close to 10 grand a month $. US . They said his family expenses are around 5 grand a month. I am not making none of this.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
A lot of the USA social services such as Medicaid aren't available if you have savings or retirement accounts.
yes you need to use your own money first
All great information. I am curious what your monthly cost difference is between Cebu and Dumaguete now that you are back tracking based on Dumaguete.
one thousand USD a month more in Cebu
@@mikesphilippineretirement that is quite a bit more. Keep up the good work Mike!
I budget $4000/mo. for living expenses and travel. Those guys telling you $1500 is enough just plan on existing in the Philippines, not living out the best life they can
You are 100% correct.
I think you are 100% right.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Hey Mike, this is so frustrating. No one ever answers this question let’s say I retire in the Philippines from America. I’ve only been in the Philippines less than a month and I don’t have Philippines bank account yet I guess most people use wise, but how am I gonna transfer money from my account in America to myself If I don’t have an account to transfer it to?It doesn’t make any sense where do I pick the money up at? Where does the transfer go to??????
great question I will answer that in my next newsletter... mikesphilippineretirement@gmail.com send me an e mail if you want to receive the newsletter
Hey Mike and Janet! Have the two of you been looking at tuition costs for college or university yet? Thanks for another great Vlog, aloha, Andrew
Not yet! but saving a little towards his college fund
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I plan on living to 100 and my costs doubling every 10 to 20 years. $3000/mo covers it for now.
so how old are you now
@@mikesphilippineretirement 65
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
be aware inflation is real and your ss will not keep up with your monthly budget.. in 10 years your budget will not resemble what it is today. I go back 10 years I was spending 50% less and the peso is volatile so take that into account also. lot of variables and 1k usd is not going to cut it in a few years.sweet spot is 2.5 k and you are all right for a long run unless you want to skimp. imo
I can not live on 1k usd
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
if your not trying to save a bit of money then your spending is totally out of control . can you find out the price of rebar per length so i can work out the coss of my construction ,8m 10m and 12m .thank you .
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I don't think you mentioned what Immigration will charge you when you make your first visit or two to their office for visa's & other fees Mike. That is essential to have enough cash for those fees & charges.
yes it is. I have paid from a 60 day ext. it was 4k
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
8:52 mind the pennies, and the dollars will take care of themselves.
.. Mike .. Pinahahalagahan at gusto ko ang iyong RUclips Channel .. May tanong ako sayo .. Are You regularly doing Cardio-Exercises to Strengthen Your Heart...? .. I am asking because I have noticed that you somewhat frequently mention your health, and also your desire to provide for Janet & her son, so that they can be financially secure when you pass .. If You can dedicate yourself to improving the Strength of Your Heart it will improve the Quality of the Remaining 20-or-30-years of your life, and allow you more time with your family, and allow you more time to prepare the financial framework you earnestly want to provide .. I urge you to please consider starting a Cardio Exercise Program to Strengthen Your Heart .. As we age, our hearts grow weaker, and shrink in size, just like our arm and leg muscles do, but you can actually increase the size & the strength of your heart if you "exercise it" regularly .. You Will Live Longer & Better .. Maraming Respeto sa Iyo at sa Iyong Pamilya.. ..🙏😇..
thank you
hello mike happy to hear u again good topic again,, u know my late husband give a budget at 40k good for 1 month i groceries 20k good for 1 month coz we live in our ancestors house so im have 1 sitewr and 2 brothers and my mom,the remaining 20k i pay that internet electric bill water ,instead of 60k i only accept 20k so the 20k he save it but he has left in his navy pension around 40k +his state pension he has 100k on his pocketif we go out for pasyal i want only once a week coz i dont like shopping i only want him to excercise for walking lol. if we travel abroad like SINGAPORE MALAYSIA HONGKONG ONLY ME AND HUBBY OUR HONEYMOON IS IN THAILAND HE WANTS TO ACCOMPANIED MY 2 NIECES,2 GRAND DAUGHTERS ,WITH THEIR ALLOWANCE OFCOURSE 5K EACH /DAY WE STAYED THERE 1 WEEK, AFTER THAT WE GO AGAIN TO MALAYSIA ,AND SINGAPORE WITH MY SISTER ,NIECE AND NEPHEW,WE STAYED THEIR FOR 1 WEEK ALSO WITH THEIR ALLOWANCE OFCOURSE 5K EACH A DAY.SEE HOW GENEROUS MY HUBBY.. COZ THEYS SAY THE MORE THE MARRRIER LOL
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Everything I stated in my previous comments was 100% true. I don't understand why you said I made up things.I do know many Phillipines Americans. Some of them doing exceptionally well even for American standards. Some of them running own business. Some of them are highly educated professionals in different fields. Mostly in medical field.I was never visited Philippines. I am not looking for Phillipino girlfriend or wife. I am happy with my long term American girlfriend. We where just exploring possibilities for visiting different countries when retire and living there for 6 months or so.I am not bragging but my budget will be much higher than you guys promoting. I will get SS 4000$ , have 401k, and company pension. Lucky still working for one of few companies offering pension.I am planning to have budget for me and my girlfriend between 4000$ and 6000$. Per month.We are not cooking our food in US and also We don't planning to cook our food. Want to live in big city. Probably Manilla. Renting house with pool.We don't planning to drive. Using taxi for errands and trips.Basically enjoy 6 months vacations. I hope I didn't offend anyone. But definitely I will take advice of my Phillipines Americans for budget.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
WISDOM ❤❤❤
easy to say hard to have
Whats available for "plant based" vegetarian/vegan type frozen foods like the fake chicken patty burgers, fake meat burger, fake corndog etc etc. Walmart in usa amazing 4pack of chicken burgers is 3.98 and other brands vary around basically 1$ per burger patty
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Easy question Mike....what is the price per kilowatt hour for electricity?
last I looked 12.5 peso
Thanks Mike@@mikesphilippineretirement
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I think this applies to every situation
You live within your means and have funds in place to cover emergencies.
It is particularly applicable when living in a foreign country where you don't have access to resources you have at home.
I think the first thing you need to do is get out of 'tourist' mode.
While things like eating out may be cheaper than at home doing it too often is going to eat into your funds.
your right you do need to get out of tourist mode
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
you mention you have phil health, is that accepted at private hospitals or is pacific cross insurance better
most every hospital here
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
If you ever build you better let me know, Dont try to budget it, It costs way more, Everyone is on payroll, Dont Trust in family neither, Im always 1500 to 2000 thats condo in City, and Small Castle in Jungle, I say Family of 5 adults 1 infants,
I do spending on Construction improvements on the province property as well, So this is not all food and bills, I consider myself living very comfortable comfortable among a very caring tight circle of 5,
500 a month on Food, is what I stride, for, always caring a 3 month supply,
on hand incase of Disaster or Super typhoon, Ive seen power during construction as much as 12k a month,
God Bless
I will let you know if and when i build
To the best of your knowledge, do most people keep their Part B Medicare when they move over to there?
about 50-50
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
If you purchased health insurance shouldn’t that pay for a health care emergency?
maybe some you have to pay then file a claim to get paid back
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I smoke...i know..bad habbit..but..how much are regular generic packs of cigs...or a pack of marlboros..? thanks..
I can get Marlboro Crafted Red for anywhere from P125 to P139/pack, depending on where you buy (about $2.50 USD)
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I remember when your monthly was 1200, then 1500 then 1700. Like Wifey Doo says, quit over tipping 😂
2 days in and a lot of the budget is gone...I will be broke soon. Hahaha
When you're in love you lose sight of other things 😂
hahaha love is over down to business. Hahaha
That's a good point for Mike--he needs to add the Tipping line item to his budget for Janet to scrutinize.
@@mikesphilippineretirement Time to put Wifey Doo to work lol
Travel hack: You do not need a homebase for your stuff. Lease a car for 1-2 days to carry your stuff to your next location.
I was talking more about guy's who want to visit different Island for a month at a time and have a homebase
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I'm a commercial refrigeration and air conditioning technician would I be able to earn an income in Philippines? I'm 54
no. I don't think so
I will be moving to a new island here soon and want to get a vehicle. What is the best way in picking out your medical insurance?
send me your e mail on messenger
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Are there any single retired female living in the Philippines? I would like to know there experience. Thank you
I see them but do not know them.
I am 32 have been planning on going to move to the Philippines or somewhere south east asia for 8 years now. I got 3 more years till I hit my financial goal. At that point I will have all my social security credits. I appreciate these videos
wish you the best and hope you reach all of your goals
Cheaper in Thailand guys for retirement 😃
That is what they say
Just remember. What are your priorities
wants and needs
@@mikesphilippineretirement needs
I would like to ask you a question that is really not about today’s show.I’m looking at going to the Philippines in January to end of march in 2025. But I’ve been looking at Airbnb‘s for places to stay and I find most of them very expensive. do you know of companies or places where I can find a condo that I can rent by the month for under $500 Canadian or close to it. I’m really not sure where to look. Anyways, I just wanted to say I really enjoy watching your videos. You have taught me so much about the Philippines.So any help you could give me would be greatly appreciated. Your fan John. Thanks.
Hey Mike great channel I like what you 😢do. I will travel there in august of this year (my second time there ) to scout a good area to live when I retire in 2025 my budget will be around 1500 - 2 grand a month I am thinking Cebu or surrounding area until I find somewhere I like. My question is. Is there a place for expats to obtain information on the areas. Have a blessed day
Sounds great! You Tube many travel Blogs
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Medical,,,,TB is rampant in Philippines as well as food poisonings and stray dogs with rabies.
what is the question?
@@mikesphilippineretirement Factor in medical I have tricare and they take that at some hospitals
i like to know the cost of meat and fish, beef pork chicken goat sheep and other meat you can find
Just bought 1/2 kilo of pepper steaks (4 pcs) for about 380 pesos in manila.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Car going to be in my budget i dont feel safe on scotter need cash for car no payment intrest rates on a car is a scam you cant pay off early to save money thanks for information .travel can be expensive on short flight notice in philippines i experience i pay 300$ x 2 round trip davao to manila short notice not by choise u.s immigration medical then another trip interview
Thanks for sharing
I get a kick out guys that ask how much it costs to live there.
Everybody is different, and there are just too many variables to give an accurate answer
so true the amount you need is different for everyone
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
Looks to me. All expats in Philippines living in provinces or hours drive from big city. If I ever relocate to Phillipines. I will be living in big city. Probably Manilla. I am not interested to live in provinces or hours drive from big city.
1 hour drive is good
I will take advace from my friends very well off Phillipino Americans . To live comfortably in Philippines you need budget 5000$ US per month. Less than that don't bother.
Your joking and full of B/S. Do you really have friends?
@@mikesphilippineretirement Yes I do. In fact I know American 66 years old man. He retired from big oil company.He was working in some sort management position.Divorced his American wife. Married 24 years educated Phillipino women. They moved to Philippines. They living in big city. They own big property. Big house with big pool, all western modern appliances. Basically AC running constantly. They don't drive theirs cars. They have private driver, personal chefs, 24 hrs maids service, landscaping crew, pool maintenance crew. They told me their monthly expenses are about 5000$ US . By the way they moved there few years ago.
BS ..stop spreading misinformation and bragging,no one is beneftting from such nonsense.
@@peterdutchyNobody is bragging here. There is people who can afford this kind lifestyle. I am sorry for you if you can't. That is your problem.
@@peterdutchyBy the way I was never visited Philippines. But I know many Phillipines Americans. Even for US standards they doing exceptionally well. Some of them running own business. Some of them are highly educated professionals working in different fields. Mostly in medical field. They told me in Philippines is very common for people with money to have private driver, private chefs, several maids, nanny. Nobody is bragging here. I don't consider myself rich. I still can spent 5000$ every month. Apparently You and your buddies can't . That is guys your problem. I am sorry for you.
I’m guessing if a guy had a budget of about $7000 a month US he could live pretty comfortably
your joking right. If you had that much you would not ask that question
@@timtarr9364 exactly! If I was receiving $4-$5K/month I’d stay in my U.S. house with my Filipina Wife!
Yes You can live very comfortably living western style life even for less money.Someone mentioned in one of blogs Just 2% expats have budget that big.I know American man. He was 66 years old. Retired from USA big oil company. He retired from some sort management position. Divorced his American wife. Married 24 years educated Phillipino women. They moved to Phillipines to one of the major big city. They have big property. Big house with all western modern appliances, Center AC basically runs all time due heat, big in ground pool. They don't drive theirs cars. They have private driver, personal chefs, 24 hrs around clock maids service , landscaping crew, pool maintenance crew... They told me their monthly expenses are about 5000$ US. By the way they moved there few years back.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
The cost of living in paradise with a beautiful woman at your side? PRICELESS😂😂😂😂
it is
Paradise has to have perfect weather (ie. Similar to Oahu or CDMX). Philippines is hot and humid to the point that you can't even go on a 1 hour walk from 10 AM to 8 PM without being drenched in sweat and uncomfortably hot within 15 minutes. Not paradise kiddo.
@Re3iRtH Wrong again. You simply are not conditioned to the climate. I live in SE Texas, which in the summer is hotter and more humid than the PI. When visiting family there I run circles around them, as I am used to working out in 114 degree heat index all day.
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
What all these guys actually need is someone who doesn't have ulterior motive s (their business is to sell books of get you to dating sites) to come up with a genuinely realistic cost of items. Then, a simple budget spreadsheet which the guys can enter details in. Having lived over there what I can say is that it is NOT as cheap as many of the influencers claim.
Can I suggest that you do a posting on different types of eating out places ..... From cheap hole in the wall to a 5* restaurant ..... Showing the current costs for a two course meal. Filipina like to eat out so if you are hoping for a girlfriend, it will be useful for you to know.
maybe make some shorts when we stop to eat with price
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
I have a BALL living on $1500 per month in Oklahoma, where I can ccw a pistol at all times and have a silenced AR-15 in my car at all times, and wear concealed armor, too. You may laugh about that now, but in a year or so, it's not going to be a joke anymore. When the USD collapses, as it WILL from all of this over-printing of currency, lots of things are not going to be a joke, at all. and I dont mean just in the US, either. Half of the GNP of the Phills is money sent home from Filipinos who are living abroad. Without the US, Europe, much of Latins and S America, Canada, etc, are going to collapse, too. and so will the Phills. There's a million sq miles of BLM land in the US. $120 per year gets you a 20 acre "minining claim", You can have a garden, small livestock, hunt, trap and fish on that claim You can have one up north for the summer and one down south for the winter.
not the life I want enjoy living in fear
@@mikesphilippineretirement that's funny. i have ZERO fear, cause I"m READY. You're living in denial Any punk with a machete can take you out i a hot second.
Gibberish. What a life it must be living in fear.
@@Fell214 you have it backwards. I have zero fear, cause I can handle anything that happens and I've got the US medical system within 10 minute's reach. Get bad sick or hurt in Phills and you'll find out. It takes all damned DAY just to get a scrip for some sedatives in Manila! Go ahead, keep living in denial about how precarious life is in the Phills. My wife is pinay and if it were not for the money we sent her family during the 2 year lock-down there for virus, a dozen of her relatives would be DEAD now.
You Americans are so silly. Nothing is going to collapse, people have been saying that for 20, 30, 40 plus years 🤣😂. If it does, so be it, but I’m not living my life “just in case”. Otherwise people would never go outside in case the sky falls in. Not a way to live. Just come to the Philippines, meet beautiful people, eat good food, relax…
i dont think im good for that place.
There is no 'social services' any longer in the U.S.. Even for the benefits one has paid for out of their wages. No longer Unemployment insurance. You can pay into it, but not claim it now. No longer Workman's compensation insurance. Again, you can pay in it, but it covers nothing and cannot claim it. There is no medical through the State anymore. Those benefits no longer go to American citizens, they've been cancelled. So not losing social services by moving to PH, but don't have to pay for them which will be put forth to the services needed in PH.
no food stamps or unemployment. You are mistaken
@@mikesphilippineretirement I live here and am currently dealing with UI. Food stamps for who? A white male BY LAW and rules now does not receive benefits. I have the government documentation to prove zero 'benefits' (that I paid for for 38 years of working out of my wages) are available for the money taken out of wages working.
You have been away for a while and are not familiar with the system of the U.S.. I currently live here and have to deal with the government. All that I tell you I can back up with Gov't emails, laws, procedures, and rules as I have been dealing with the Gov't for the last few Months. There are no available services. The guidelines for these services clearly state we do not get these benefits. We are not an illegal immigrant, minority, or foreign Country.
I say to you with fact, all the money paid into UI, Workman's comp while working, you will not receive and will be denied.
it said your a "white man" and because of that you can not claim benefits?
Day 1 of spending and trying to manage our budget: ruclips.net/video/K4iu27lQQTc/видео.html
@@mikesphilippineretirement Yes. The human rights division Secretary of State Unemployment division section 24.11.454A , (i), (iv) has to be filed form (Title VII of the Civil Rights Act of 1964 federally) . The employer cannot discriminate. The form for Civil rights division to apply for UI has specific categories of marked boxes in relation to the law passed. There is no no box to check for a white male. The law only applies to minorities for discrimination or unlawful termination. The law passed in the house and senate, does not include white males for equal rights and protection. If a white male was terminated, fired, or denied benefits under wrongful termination from that company/business under Federal and State law, it does not apply to you. Even though one is listed legally by law to be disabled. Because there is no checkmark for 'causation' or 'white' male. Only for minorities. We no longer receive UI, even being disabled.
49-2-303. Discrimination in employment. (1) It is an unlawful discriminatory practice for:
(a) an employer to refuse employment to a person, to bar a person from employment, or to discriminate against a person in compensation or in a term, condition, or privilege of employment because of race, creed, religion, color, or national origin or because of age, physical or mental disability, marital status, or sex when the reasonable demands of the position do not require an age, physical or mental disability, marital status, or sex distinction;
The portal complaint form asks: Nationality, sex, age, etc. for the form. There is no box to check for Caucasian or white, so the law doesn't apply to white males, just everyone else. Truth. I just went through this.
Form of Complaints: A complaint must contain, at a minimum, the following information:
3). A brief clear and concise statement of the facts, including pertinent dates, constituting the alleged unlawful discriminatory practice. Please include the protected class you believe to be the bases of the alleged discrimination: age, race, color, sex (including sexual harassment, pregnancy, sexual orientation and gender identity), national origin, religion, creed, disability, marital status, vaccination status, familial status (housing claims only), political belief (government claims only) and **retaliation.
There is no box to check for a white male. No benefits. That's what America has come to. Sucks....
Why comment as you ask Mike when every response is the same generic 3 words. I understand comments of any sort, even this one helps your channel. That's what I guess you're after, not our sincere comments and questions. Ijs 😅
I write something to show you i read every comment.
@@mikesphilippineretirement thanks for replying Mike
@@mikesphilippineretirement not cold as by they lake next to the browns stadium 🏟️ but it's pretty cold 🥶 here in Pittsburgh 😁. Enjoy that sunshine