Its a good point in general Good Lady and every young Thai, Philippine etc women should know that a foreign retiree who lives entirely off their Monthly pension with no little cash savings means that Monthly income stops immediately when they die. It naturally depends on the age difference and health of the man but a young woman should take this into consideration and decide herself how many of her best years she is willing to invest in an older man because once she reaches say 50 yrs with many years still ahead that may not be the case for the man. If the age gap is say 30 years then the man would be 80 when she is only 50 with many years ahead in comparison. This is why I would say if a retiree were to find himself in a serious loving relationship with a younger woman to you think about this and put part of your Monthly pension into a savings account that your partner/companion will inherit when you die and same with any life insurance. Otherwise I would suggest to that young woman, get what you can then move on. Just my opinion.
It baffles me why this is so uncommon. Honesty about income and expenses. We're all just ppl, trying to live the best life we know how. Imagine if we all talked about ways we save, spend and earn.
I am beginning to appreciate Mr. Paul video about his lifestyle and budget in the Philippines. Having live here in the Dominican republic for over 26 years, it's generally more expensive than the Philippines. Awesome video. Thank you Mr. Paul.
After having visited 3 times, married a Filipino(brought her to the USA) and in the semi preparation stages for our move a few years down the road,, (I follow several vlogs) of all the videos i have watched this is the most simple, spot on stress free laid out straight presentation of what to expect,, well done. you numbers concur with what my wife has in mind budget wise, keep up the good work,,,
Nice to share your wisdom & Budget balance here in the Ph. I get $1,400 a mo. as a early Fed Retiree & Va disability for 3.5 yrs. now...I recently turned 56, so it will rise several hundred a mo.
The cash vs credit card analogy is spot on - it reminds me of an article I read on Google about the psychology of spending. The physical handling of cash vs swiping a card makes you more cognizant of what you spend each day or month. Writing checks vs EFT can have a similar effect as well because it's a tangible thing you are handling instead of looking at digits on a screen. Some might be critical and say "get with the times!" but the old school way of spending has proven to be effective to managing your expenses. Good vlog 👍
I have gone back to cash for everything possible, to reduce my impulse spending. It works, it's hard to justify prying cash out of my hand. I feel the pain with every purchase, even for a necessity.
@@wayneanderson8034 , I liked your statement, made me chuckle, "I feel the pain with every purchase". felt the same way in one hand out the other.. but definitely able to save more.
My wife and I are planning to come this year, first for a few months to check things out. We are looking forward to it. I wear size XXL t-shirts, 42in waist, size 11 shoes. I would imagine getting clothes and shoes in my size could be an issue. What do you recommend since we don’t want to bring too much.
@@bergfi I imagine with the internet you'll still have access to anything in any size you want. Just figure out what size fits you best for your favorite brands and your set.
Moving to Batangas after Thanksgiving with my filapina wife. We married in the US 11 years ago so fortunately I can get in to PHL. We own our house already in the province. With investments and savings we are able to retire early(55) from our nursing careers, thank God. Looking forward to the province life. I'm sick of California's crowded life.
Batangas is a good place for retirement. Few hours from the metro, surrounded by beautiful beaches. You might want to check the retirement visa of the Philippines. The SRRV
Sounds similar to my life. My wife and I are traveling to northen luzon solano nueva vizcaya on the 21st of november. We have been married 13 years. We are building our house now. We also have all ready purchased a 2 hectre farm. Planted 200 gemilina trees 45 banana trees, have 10 mature mango trees. Plus many other fruits. Planning on retiring early myself. Cant wait. Good luck to you on your journey
I know they are boring. I know they aren’t interesting to some. However, these are a great gauge and self check for many people who may be planning with rose colored glasses.
I agree you don't know till your feet are there. But I am a truck driver I live in a Fraghtliner, so anything with my own shower ......... not so bad lol 😆 my standards are allredy low.
Just have to be careful on reading some of the comments here and other xpat channels. These videos are aimed at retirees in the United States Canada and other Western countries. Sometimes native-born Filipinos will squeeze into the comment sections and say they can live much cheaper, third world style. You can try to live in a Nipa Hut for a while see if it works for you but if you're over 60, I don't think so. You may hurt yourself or call it quits and fly back home.
@@watersbey25 The Pilipino viewpoint is NEEDED! Round-eye expats DO need to know that you can do it for less . . . You probably won't WANT TO, but their point is valid. The right Apt. or house, in the right location (even down on the coast) does not need A/C to be comfortable. A fifteen minute jeepny ride outside of town can cut your rent by 50%+.
@@donbarnett1553 wrong You can't impose a third world lifestyle on a first-world aging retiree 60+. It could kill them. These aging retirees are getting older are more frail, and have other pre-existing medical conditions. Getting heatstroke, and robbed is no joke. a close proper medical center and continuing taking their American doctors prescription (s) is extremely important to this age group. And it's going to cost them monthly more too being a cash account in the Philippines. You cannot try to save money and impose a third world style on 60+ retiree. They may very well end up prematurely going home in a body bag. And some sadly do.
Thanks for telling us the answer upfront. So many RUclips waste our time with generalities, it depends, asking us questions, how do you want to live, etc. Thanks for giving us some info, which is why we are here.
Thank you for sharing the quite frank situation for us moving there Paul. As you say, the “governor” on your spending is a must. The good part is, that for us on a lower monthly budget it is indeed doable! 🤭😊💪🏻
My Asawa and I have a 2 bedroom 1 bath apartment in Naga City, Cam Sur and our rent is P7000K ($140 USD) and with electricity, water, wifi, P2000K per week in groceries all total home expenses it's $350 USD per month, of course we spend a lot more than that on other activities but the point is the basic monthly expenses are very low if you don't need a lot of space you don't use, our apartment is brand new with very nice amenities. Thanks Paul for the budget update, keep doing what you do we love it brother.
Very concise breakdown, Paul. The only cost I didn't hear you mention was for cellphone service. Spot on when you assert that it isn't the static costs that will get you in PI, but the impulse buys. If you have any type of addictive habits - whether it be alcohol, junk food, soda pop, compulsive techy buys, or the other unmentionables - those will make your costs spiral upward. The key to spending less is wanting less...As for functional gear, having moved an average of three times a year throughout most of my adult life (for work), what works for me is a good electric skillet (avoiding the propane stoves - too expensive and too much residual heat anyway), a rice cooker, with which you can also use as a steamer, a pressure cooker if you like well cooked meats like roast, a simple griddle or hotplate with frying pan, a cutting board, a good chef's knife, tongs, spatulas, spoons, and just enough silverware for yourself and guests. An electric tea kettle and a microwave are optional, but since I don't eat processed food such as frozen entrees, it has limited utility, the microwave. I also eat out of tupperware containers. The prepared food goes striaght into the tupperware bowl or plate, so that what isn't eaten is all ready to be stored without dirtying two or three pieces of flatware. The storage is easier, the cleanup is way easier, and all of that can be had for under $150 USD setup (even in America!)...Just a shared thought...
Hello Paul . . . what a great video! Absolutely loved your laid back, tell-it-like-it-is narrative. This only the second of your videos I've watched, and I'm gonna be back for more. Thanks Paul . . . I'm a fan 👍
Very good stuff. Right to the meat n potatoes,not a meander thru a salad bar first. Common sense ,don't need disclaimers for the slow- who might not only take the labels off the pillow,but eat it.
I enjoyed watching your show. You’re honest and transparent and at times funny. You’re very helpful to others. Please keep it up and don’t change to compete with other you tubers.
We live pretty remote by some standards- in Anda Bohol and our spending is divided into basic needs and optional spending. We pay p8000 for a good 2 bedroom 2 bath house that is walking distance to a white sand beach. We do like to cool the house down to sleep, so our power bill is usually around p4800. This is not a big agriculture area, so food is more expensive than most places in Mindanao for example. There is no nightlife, which suits us fine. We have a couple of scooters and that covers transportation except for periodic van trips into Tagbilaran city. For me, it's a good life, though I know, it is not for everyone.
wow, sounds like somewhere I would like to stay long term, any other places at similiar price available ? I am keen to return early next year, cheers from N Z
@Scott Baird We spend about $1000 a month on "Basic needs" that would keep us going if that is all we had. That is for 3 people. We do spend more on optional things, like a tutor for our son and land related expenses, what you would call improvements to lots or farmland. It is difficult to make a profit on small farm parcels, so that land is pretty much being farmed under a sharecropping arrangement.
@@ericcoyle5184 If you want Filipino deals, you have to spend the time building local connections- it is possible for those who are patient. Otherwise, you end up with "Foreigner pricing".
i lived in cebu for 2 years and i was spending about $3500 a month.i then met a girl and moved to the provinces in mindano and her family had a rice and vegetable farm and i converted a large room at there home with wifi air con etc.my rice was always free along with the vegetables,honestly there is little to spend money on and i could live for easily $700 a month.unfortunately i came back to the uk in january 2020 for a small break and have been stranded here ever since due to covid..hopefully soon the borders will open again so i can return to my gf....great video by the way
I'm there, as soon as that check starts, My backup is my house almost payed, to big to keep. thanks for sharing. My friends here say "Good to know Paul TY".
Good video Paul. Great update to your budget. Having a budget should be mandatory for everyone who has an income and should learn to live within that budget. Parents should teach that to their children so when they face the adult/working world they can function more effectively when it comes to their finances. Pre retirement, my budget was a bit flexible but once I retired I stuck to it even going as far as writing down every purchase/expense I would incur. I built myself a spreadsheet by month, in it inputted my income, my must/known monthly expenses (house, car, electricity, internet/tv/phone, insurance) ... it makes life so much easier. Whatever it is leftover it is my play money and now that I am retired, I do not spend nearly as much so, in effect, I am adding to my savings. Thank you for all the information you dispense.
I like your frugality - there are lots of benefits apart from not overspending. A minimalist lifestyle is more mentally healthy and gives a great sense of freedom.
Practical and useful information, so thanks. Being single and teetotal is probably the best approach, but we live in the real world. It is possible to budget on a monthly basis (I do it myself), and it's even possible to save money (ditto), but one has to strike a tricky balance between economy and quality of life. Some of us are better at doing this than others. The others come to harm.
Hi Paul great break down on your monthly budget and you state that you could save roughly after five years $30 thousand , well that's ok as long as you don't have any serious health issues come up god forbid, having a health care savings pot is the most important thing for anyone and should always be number one priority at some point or any point it's something that will hit most of us . I really believe it's the one thing you have to have a savings pot for even if you have Blue Cross,Blue Shields or Cigna check your policies to make sure what is covered and up it if required ,on most of these policies your still need to pay hospital there firstly and later your get it from health policy ,take care
Exactly, i lived in cebu city for 4 years, i had to go to the hospital 2 times. They both required money after treatment, so you need cash for medical emergencies. They both accepted credit cards, but i am not sure if the hospitals in the provinces accept credit cards.
Yup, your money management for the day is exactly how I live my day in the states and on my travels. When the money ran out, that's it. I always have emergency money on my somewhere just in cash.
The locally produced rum - which is very good - cost me only P200 ($4) a full sized BOTTLE last time I was in Dumaguette (Feb 2020) so not expensive to be drunk all day - so I had to make it a personal rule to not drink every second day.
Thanks for your honest straight forward breakdown of your budget. I have been to the Philippines 5 times and I’m happily married to a great Philipina woman. Her family is so kind it humbles me. I do help them out regularly with money . I don’t mind at all. It’s not a lot and they never try to take advantage of me. So far. Anyway I’m retired on SS disability and a pension. We are planning to live there someday sooner than later.. I could bank a ton living there. I like the native food and don’t drink. I already own a SUV over there. My father in law uses it and maintains it for me. Anyway Paul all my best to you and May or Mae , not sure. But who knows maybe we will run into each other. Be well. Enjoy every day.
Paul, thanks so much for your valuable information,your honest and direct without any bull sh😀t. I’ve been considering the move for some time now and I’m doing as much research as I can. You approach is the best by far.
Dave Ramsey does a talk show, in USA, about going debt free and using cash. He says there are studies which show you have more pain paying cash. You will be more resistive to spending cash. Paying on credit is painless ans easy, which is why all the big banks want you to do it that way.
Which ever country you decide on will require a tremendous amount of financial discipline. I would highly recommend you be completely debt free, have some type of pension = to at least $1.2k monthly after tax & a damn good medical policy. In addition, you should ideally have savings of at least $12k exit funds, & a start up of $3k upon arrival.
ok thanks, i'm only 43 now, but i was thinking i needed around 3k a month (AUD) to retire comfortably, mind you I also plan on owning 2 apartments (Australia & Philippines)
Exactly..I live in Ecuador like a local and am very happy here..healthcare is 79 a month for Public Healthcare ..my house is 300 a month all included ..
This is a great video, somehow found your channel, now watching a bunch of them. This sounds like it would work for me. I am 62, good health, have saved up around 300 k in cash. Thanks for the great videos, something to think about.
Noise is a real problem in The Philippines. Whether it's animals (dogs, chickens, pigs), or inconsiderate neighbours, it can drive you crazy. We lived in Moalboal last year and moved twice because of noise issues (karaoke loving neighbours and nearby bars playing music)
I would modify and say noise is a real problem to "you." That is the trade off for living in a vibrant and happy society with a laid back attitude. You want to live in a place where everyone stays indoors and maintains the noise ordinances, stay in the west.
I'm 54 and saved about 1.7M to date. Have Mae find me a sweetheart already so I can retire early at 55 and hop a plane there. I'm ready for a new life ☺️☺️
when I was a smoker some 25 plus years ago I never had more than $5.00 in my pocket when I stopped smoking I had more money ,not only not buying the smokes helped but also going to the doctors getting cough meds etc , seemed was sick a lot with upper respiratory infections and coffee ,alcohol went along with smoking ,so I tended to smoked even more ,I have been able to save at least $200 to $300 per month in my bank and as much in my checking ,plus my health improved
Hello Paul. Living in Davao with a filipina partner the cost of living here is cheap. We are renting a new 2 bedroom house for 7000 pesos a month. No brownouts here.
Very down to earth assessment Paul. I think a lot of people fit into that category money wise, so it should be helpful to the first time expat. For me this will be my second attempt, and I plan to take a lot of your information to heart and follow it, because the first time I pissed it all away in 4 years and that was almost $200k.
Paul I truly want to thank you for the clear knowledge that you and baby May have given the RUclips family about your life in the Philippines. I would live to pay a visit there some day and maybe I would meet me a baby Queen there and live a new beginner life there. Thank you.
Hey Paul I've been watching your videos for a few weeks and I am being honest when I say I believe your retirement in the Philippines has turned the clock on your aging. You look younger today than in videos you made last year. Not pulling your chain I call it like I see it. Thanks for sharing these helpful information videos. I plan to check things out once things open up. Also want to add it's comforting to know that I will be more prepared when I arrive in the areas of what to expect culturally and financially to somewhat ease the stress from the enivtable culture shock.
Well done. I like that you use generalities in your estimates. I get a feel for the area you live in, and get an idea that my life would be quite comfortable there on my income. Thanks!
I found that anywhere that I have lived overseas, be it Indonesia 1year, Thailand 14 years, or Laos 3 years, you can save a ton of money by eating at home. Actually I prefer eating at home. #1. You know what quality of meat you are eating, plus I like cooking. Eating out two times a week is enough for me personally.
Sounds pretty accurate for 2 people. We're a family of 2 adults and a teen in Metro Cebu just outside of Cebu City, in Talisay City, and not counting all of the fluff, $1,500 is about what we spend. But add in the fluff, plus things we're currently not paying or partially paying, like going to a movie, school costs, transportation, etc. As well as some things currently costing a little more, like groceries and electricity, because our daughter is home 24/7. The total can be as high as around $2,200. But it still works out to be an average of $700 to $750 per person. We could cut some corners here and there, but it's all good. If we were living in even a low-cost area of the USA it would cost more. You're also right on target with cutting back on expenses. Our minimum if we needed to save some extra money one month is about $500 per person, $1,500. But we can't go any lower than that. And we wouldn't want to do that for more than one month. Like you, I can't live in the boondocks. That's the word that I use, I live in Cebu province. I sometimes wish that I could, but I have absolutely no desire to do that. If I can't get a taxi, I'm too far out. Before the pandemic, I was depositing a check into my BPI Dollar account quarterly for $5, so $20 a year, and until early 2017 that was absolutely free. Since the pandemic began, I've been using Xoom about every 6 weeks, Dollars only to my BPI account for $7.99, so about $70 a year. $50 more, not that big of a deal, and it's easy. I moved here on 1 Feb 2007 and almost everything cost about half what it costs today. But c'est la vie. I have no control over that. Good video!
The big thing for me is that anybody can live short term on much little than most people say. But to live here for the next 30 years requires more than the minimum people say they can live on. Than it becomes not just daily surviving but really you need extra money to keep busy.
When you said “cut to the chase”, I immediately knew I want to watch this video. Good job for not wasting our time. Most vloggers starts with “it all depends” and blah, blah, blah ad nauseam! We know it all depends, we’re not stupid! Just let us know your particular case and situation. Anyway, excellent job!
I know the video is a year old, but I'm just now planning to move there. This video was very insightful and appreciative! I might just start out at Big Rocks for a couple months till I get my bearings and go from there. Like you, I'll start getting my ss check this Nov 2023 and I'll have the sale of my house, furnishings and car that are paid for go into the bank. I may just end up in your neck of the woods! Thanks again for the great videos!!
Great video answered a lot of questions, I’m married to a Philippine woman that I brought back to America. I retire next year and we have a 5 year old son. We plan to stay much of our time in negros oriental her family lives their. You and others that move their and stay with your girl friends or wives are making the right decision. Bringing your Philippine wife to America is not a good idea. People are adaptable change the culture change their habits and attitudes. Again I’ve seen other budget videos on the Philippines and have spent time in Manila. Your video on this subject was the best I’ve seen thank you.
Like I said in one of your earlier videos bringing your Filipina wife to the US is a big mistake they do get adapted to this way of living and it's very hard for them to leave in fact last night I told my wife at dinner that I would believing in October of next year and and she needs to make up her mind whether she wants to stay here or come with me back to the Philippines but I also told her that if she decided to stay then I will be getting another partner when I get to the Philippines I'm 67 years old and I don't wanna spend the rest of my life alone
I lived here for 6 months and I realized my expenses on average is about $1200.00 sometimes more. I'm headed back home to the US next week and will evaluate my short stay here whether to come back and settle here. My biggest concern is the Healthcare system even though I can get medical care from the VA but it is not 100% since I have a less than perfect service connected compensation. That's true if you're in the province you might be able to live for less than $1000.00 a month. Thanks for sharing Paul. Very valuable info to consider if you're serious about living here in PI after your retirement.
For coffee; I use a french press and kettle to heat the water. Makes a nice cup of coffee. I'm currently locked out of the Philippines, so living in Thailand waiting to return. This is how I maintain a reasonable coffee budget in both places. I can make one or two cups quickly without using much coffee.
It begs the question as to whether you spend $1500/mo because that is what it costs, or is the budget of $1500, the reason that you spend that quantity. The other unknown, from my perspective is Mae. Some could say that she is a 100% expense, however, given her lifestyle, knowledge, skills, and connection, I feel that she creates a level of savings, in your house, that might not be available to an average expat single person. Mae most likely saves you more than anyone else would, in the Philippines, because of who she is.
Yes, 2100 should be ok to live there. that will be my SSI check in June when I turn 65 and retire. I would love to give it a try and will visit the country early next year when it opens. I want to leave the US for good by early 2023 to The Philippines, Costa Rica or Portugal. I had enough of the US and will not die there
The right mind set. I hear ya. Take inventory of everything you need on first trip and you will be way ahead of the game.A friend of mine used his connection with shipping and loaded up a. 8ft container and had everything he needed to live for 5 years there he was way ahead of the game then most. Did it on a budget of 10k
I know what you mean Jerald Johnson. I put myself through college by working menial jobs for tuition money ultimately becoming a principal engineer in a global electronic company. I also served in the military. And what I see all around me is now our own people fighting among one another for the sake of petty politics and petty ideology. I call it petty because no party's goals are for mother America to prosper. Everyone wants what they want, regardless whether it's counter to the nation's overall betterment. I am sick of it honestly. Again, this is not a partisan commentary - I haven't seen a single party that's for America. And we are supposed to compete globally and remain at the top! I don't see how, with no long-term planning and goals of the nation. Everything is short-term and for parties to win the next election. No ONE IS FOR AMERICA! I will NOT die being submerged in this infighting.
I have Come to the conclusion as well I will not Last here in the US, never will be Really happy. I want to Go to Philippines and live my life to myself happily
Popular subject Paul, well done. Most important item is nice Asawa to guide you along , buy proper foods, look after you in general. Takes a while to accept no stock, yes sir means no sir but it's a sunshine life. I'm stuck abroad hoping to get back there soon, winter in UK pretty grim mate.
Im 50/50 about retiring in the Philippines , the one thing that would sway me either way would be the noise / Rooster / Karoki / Barking dogs / Parties etc , yes theirs always remote islands and in the hills but that may not be pratical on my budget . Paul if you could do a video on noise that would be great .
One of the biggest noise irratations for me is the motorcycles without baffles in the exhaust. Man, it is soooo annoying. On our trips there I make sure my wife never flags a trike that has the loud exhaust.
I'm currently listening (I have no choice ) Karaoke...although I'm in a condo complex in Lahug in Cebu City ,the karaoke is coming from the local community literally yards from where I live.The singing is real bad and at max echo volume every weekend for atleast 8 hrs .So hope this might help.
I am all set to get there once it opens. I will have about 30 to 40k in savings with a monthly budget of around $3200 USD per month. For the moment I will likely be looking to live on Luzon, a bit south of Manila (near Batangas )just because I need to be close to the VA hospital there at the start. Need at least that lifeline in case anything goes wrong, before I venture out more. So I hope with all the budget videos I have seen, it is enough for a decent life there. I will be 45 when I arrive and not hard into the nightlife, just want to relax and enjoy my time.
Drake, I trust you know that they will only treat your SERVICE CONNECTED condition. Unfortunately, they will not treat other conditions that a vet (with a service-connected disability) might have.
That should be fine. I live in Makati for under $2000 a month not including the condo I bought. I also have a housekeeper and I like eating at restaurants.
@@donbarnett1553 Thanks for the info, I have heard that before. My current condition is service related so its all I need it for. I will visit civilian hospitals for other needs probably.
Paul, as usual a very good, clean and informative video. I would make sure that you stress a bit more the fact that where you live and by what standards make a huge difference. My retirement income is far more, yet we certainly use it. We live in a city ( Angeles City ) with a very large ex pat population , hundreds of restaurants and dozens of them are VERY good. We own a vehicle, we own a two bedroom two bath condo here. Our lifestyle is not MUCH different than it was in the states.We pretty much do what we want when we want. Without going into detail for the sake of brevity, our budget is about 6k USD a month. We very rarely spend it all. I think the most important part of your video is far over looked. CASH is king. Watching that money go from your hand to someone else.....makes you think twice. Great VID, take care.
Dr.Dementia State of Survival, I don't think you fall in the target audience of this particular video by Paul. I love Paul's videos by the way. A RUclips Vlogger named "Where Else Philippines" has a video on monthly living expenses, just like this one by Paul, that may be more in line with your income level. I found that video quite informative as well.
Good Info Thanks. You could make way more impact than just Talking by using a white board & markers while laying out details on How Much you spend on What. That way subs can adjust what it will cost them by adjusting their spends. They can also take a pic of your white board to review each time they think about it. Good work, just a suggestion.
You are correct I married a Thai teacher who is a government employee so I am covered threw her but the insurance is really high once you reach 70 and older!
It's very important not to skimp on medicine that your doctor back in your country prescribed to you. $$$$$ many retirees die early in the Philippines trying to save a buck by not buying These medications.
Thanks for the breakdown. It’s very helpful. I am looking for some places for my wife and I to snowbird to in the winter when we retire. Do you see a lot of couples doing this or mostly single guys looking to meet someone?
This is what I’d like to know. My husband and I are interested, but we only see videos about single men who go there to find a local girl. I’d like to met expat couples that I can have friendships with.
I'm kind of glad that I didn't get to go when I wanted to because I'm learning a lot from you and a lot of other RUclipsrs and hopefully I'm well prepared when I get there and not make a big mistake.
most filipinos live on a much smaller budget, and they have to work to earn their money, usually on a daily basis, so the money that you and other foreigners spend in the philippines, helps the filipinos make their lives just a little better, especially when you are spending your money locally, so you are a benefit to the local economy. One question, do you tip when you eat out, or for other purposes, and do you include tipping in your monthly budget? Thanks for sharing your monthly budget info. Take Care or Amping (*_*)
The people cooking and serving your food & drink are usually making a few dollars/day . . . Not a few dollars/hour. If you can't afford a tip in this environment, then you certainly can't afford to eat out.
@@roberthoffman4587, good to know, I'm an Aussie, and we don't have tipping here, but when I travel, I always round up by about 10-15% I call it the staff GST... ;) So I guess yes that would be tipping.. but that also depends on the service you get... If I get treated like crap and ignored etc... then I only give them what's on the bill, so the ball is in their court, but saying that, I have travelled a few countries and I have only paid the only the bill a few times...
What are you going to do when she finds a young dog with better tricks Paul? Go back to your family.
what did i miss?
Jealous? 🤣🤣🤣
Its a good point in general Good Lady and every young Thai, Philippine etc women should know that a foreign retiree who lives entirely off their Monthly pension with no little cash savings means that Monthly income stops immediately when they die. It naturally depends on the age difference and health of the man but a young woman should take this into consideration and decide herself how many of her best years she is willing to invest in an older man because once she reaches say 50 yrs with many years still ahead that may not be the case for the man. If the age gap is say 30 years then the man would be 80 when she is only 50 with many years ahead in comparison. This is why I would say if a retiree were to find himself in a serious loving relationship with a younger woman to you think about this and put part of your Monthly pension into a savings account that your partner/companion will inherit when you die and same with any life insurance. Otherwise I would suggest to that young woman, get what you can then move on. Just my opinion.
@@mckayuk Agree with this. If it’s love, you’d want to make sure they have a financially secure life when you’re gone.
Do you want me to be jealous?
Best budget vid I’ve seen for a long time, very well explained. Hope to be doing my own monthly budget early next year when PH opens up 👍
Awesome! Thank you!
Good info. Thank you for sharing.
Super appreciative of your transparency - it really helps us more than you know.
My pleasure!
It baffles me why this is so uncommon. Honesty about income and expenses. We're all just ppl, trying to live the best life we know how. Imagine if we all talked about ways we save, spend and earn.
I am beginning to appreciate Mr. Paul video about his lifestyle and budget in the Philippines. Having live here in the Dominican republic for over 26 years, it's generally more expensive than the Philippines. Awesome video. Thank you Mr. Paul.
After having visited 3 times, married a Filipino(brought her to the USA) and in the semi preparation stages for our move a few years down the road,, (I follow several vlogs) of all the videos i have watched this is the most simple, spot on stress free laid out straight presentation of what to expect,, well done. you numbers concur with what my wife has in mind budget wise, keep up the good work,,,
Well said!
This must be the best "budget" video I have ever seen. Straight to the point with lots of extra suggestions on how to budget.
That pretty much my experience there from start to finish that's a very accurate cost of living there good video Paul
Great budget... Great explanation... Very easy to understand... Thanks for this vid.
Nice to share your wisdom & Budget balance here in the Ph. I get $1,400 a mo. as a early Fed Retiree & Va disability for 3.5 yrs. now...I recently turned 56, so it will rise several hundred a mo.
It was very informative. Thanks for sharing. Greetings from San Diego California .
Thanks Paul. Very pragmatic. Which is where you / us need to start from. A clear perspective. Brilliantly honest. Thanks again.
The cash vs credit card analogy is spot on - it reminds me of an article I read on Google about the psychology of spending. The physical handling of cash vs swiping a card makes you more cognizant of what you spend each day or month. Writing checks vs EFT can have a similar effect as well because it's a tangible thing you are handling instead of looking at digits on a screen. Some might be critical and say "get with the times!" but the old school way of spending has proven to be effective to managing your expenses. Good vlog 👍
I have gone back to cash for everything possible, to reduce my impulse spending. It works, it's hard to justify prying cash out of my hand. I feel the pain with every purchase, even for a necessity.
@@wayneanderson8034 , I liked your statement, made me chuckle, "I feel the pain with every purchase". felt the same way in one hand out the other.. but definitely able to save more.
My wife and I are planning to come this year, first for a few months to check things out. We are looking forward to it. I wear size XXL t-shirts, 42in waist, size 11 shoes. I would imagine getting clothes and shoes in my size could be an issue. What do you recommend since we don’t want to bring too much.
@@bergfi I imagine with the internet you'll still have access to anything in any size you want. Just figure out what size fits you best for your favorite brands and your set.
Thanks again Paul! You’re really helping me become more comfortable that I truly can retire early at 62 and live a good life there in the Philippines!
Moving to Batangas after Thanksgiving with my filapina wife. We married in the US 11 years ago so fortunately I can get in to PHL.
We own our house already in the province. With investments and savings we are able to retire early(55) from our nursing careers, thank God.
Looking forward to the province life. I'm sick of California's crowded life.
Batangas is a good place for retirement. Few hours from the metro, surrounded by beautiful beaches. You might want to check the retirement visa of the Philippines. The SRRV
@@retirementguidephilippines My wife has dual citizenship...do I still need SRRV? Thanks!
No, you have options on Visa with marriage, but start now so any needed paperwork is easier to access while in the states...
@@gone4440 Thank you sir
Sounds similar to my life. My wife and I are traveling to northen luzon solano nueva vizcaya on the 21st of november. We have been married 13 years. We are building our house now. We also have all ready purchased a 2 hectre farm. Planted 200 gemilina trees 45 banana trees, have 10 mature mango trees. Plus many other fruits. Planning on retiring early myself. Cant wait. Good luck to you on your journey
Thanks for the detailed report. Good job.
I know they are boring. I know they aren’t interesting to some. However, these are a great gauge and self check for many people who may be planning with rose colored glasses.
Agree and Paul won’t talk BS.
I agree you don't know till your feet are there. But I am a truck driver I live in a Fraghtliner, so anything with my own shower ......... not so bad lol 😆 my standards are allredy low.
Just have to be careful on reading some of the comments here and other xpat channels. These videos are aimed at retirees in the United States Canada and other Western countries. Sometimes native-born Filipinos will squeeze into the comment sections and say they can live much cheaper, third world style. You can try to live in a Nipa Hut for a while see if it works for you but if you're over 60, I don't think so. You may hurt yourself or call it quits and fly back home.
@@watersbey25 The Pilipino viewpoint is NEEDED! Round-eye expats DO need to know that you can do it for less . . . You probably won't WANT TO, but their point is valid.
The right Apt. or house, in the right location (even down on the coast) does not need A/C to be comfortable. A fifteen minute jeepny ride outside of town can cut your rent by 50%+.
@@donbarnett1553 wrong
You can't impose a third world lifestyle on a first-world aging retiree 60+. It could kill them. These aging retirees are getting older are more frail, and have other pre-existing medical conditions. Getting heatstroke, and robbed is no joke. a close proper medical center and continuing taking their American doctors prescription (s) is extremely important to this age group. And it's going to cost them monthly more too being a cash account in the Philippines. You cannot try to save money and impose a third world style on 60+ retiree. They may very well end up prematurely going home in a body bag. And some sadly do.
Thanks for telling us the answer upfront. So many RUclips waste our time with generalities, it depends, asking us questions, how do you want to live, etc. Thanks for giving us some info, which is why we are here.
Thank you for sharing the quite frank situation for us moving there Paul. As you say, the “governor” on your spending is a must. The good part is, that for us on a lower monthly budget it is indeed doable! 🤭😊💪🏻
Ya thanks Paul 👍
Well presented I actually understood it because of the way you explained it. Straight to the point no sitting there babbling on. Thanks 👍
thanks Paul. I real appreciate your honest, concise talk. No need for a teleprompter. LGB
Much appreciated
This was an exceptionally useful video. Start to finish, time well spent.
My Asawa and I have a 2 bedroom 1 bath apartment in Naga City, Cam Sur and our rent is P7000K ($140 USD) and with electricity, water, wifi, P2000K per week in groceries all total home expenses it's $350 USD per month, of course we spend a lot more than that on other activities but the point is the basic monthly expenses are very low if you don't need a lot of space you don't use, our apartment is brand new with very nice amenities.
Thanks Paul for the budget update, keep doing what you do we love it brother.
Thank you for sharing your experience. Do you think you could have arranged that without your Filipina? I would be alone which is why I ask.
@@happycook6737 yes absolutely, the price may have been a little more for the apartment tho
that is less than what my gal spends on shabu alone
How much do you pay for health costs? Paul didn't mention it.
@@sandrabentley8111 I don’t have medical insurance in the Philippines, I just keep enough money put aside to pay cash in case I need medical care.
Very concise breakdown, Paul. The only cost I didn't hear you mention was for cellphone service. Spot on when you assert that it isn't the static costs that will get you in PI, but the impulse buys. If you have any type of addictive habits - whether it be alcohol, junk food, soda pop, compulsive techy buys, or the other unmentionables - those will make your costs spiral upward. The key to spending less is wanting less...As for functional gear, having moved an average of three times a year throughout most of my adult life (for work), what works for me is a good electric skillet (avoiding the propane stoves - too expensive and too much residual heat anyway), a rice cooker, with which you can also use as a steamer, a pressure cooker if you like well cooked meats like roast, a simple griddle or hotplate with frying pan, a cutting board, a good chef's knife, tongs, spatulas, spoons, and just enough silverware for yourself and guests. An electric tea kettle and a microwave are optional, but since I don't eat processed food such as frozen entrees, it has limited utility, the microwave. I also eat out of tupperware containers. The prepared food goes striaght into the tupperware bowl or plate, so that what isn't eaten is all ready to be stored without dirtying two or three pieces of flatware. The storage is easier, the cleanup is way easier, and all of that can be had for under $150 USD setup (even in America!)...Just a shared thought...
Hello Paul . . . what a great video! Absolutely loved your laid back, tell-it-like-it-is narrative. This only the second of your videos I've watched, and I'm gonna be back for more. Thanks Paul . . . I'm a fan 👍
Very good stuff. Right to the meat n potatoes,not a meander thru a salad bar first. Common sense ,don't need disclaimers for the slow- who might not only take the labels off the pillow,but eat it.
I enjoyed watching your show. You’re honest and transparent and at times funny. You’re very helpful to others. Please keep it up and don’t change to compete with other you tubers.
We live pretty remote by some standards- in Anda Bohol and our spending is divided into basic needs and optional spending. We pay p8000 for a good 2 bedroom 2 bath house that is walking distance to a white sand beach. We do like to cool the house down to sleep, so our power bill is usually around p4800. This is not a big agriculture area, so food is more expensive than most places in Mindanao for example. There is no nightlife, which suits us fine. We have a couple of scooters and that covers transportation except for periodic van trips into Tagbilaran city. For me, it's a good life, though I know, it is not for everyone.
wow, sounds like somewhere I would like to stay long term, any other places at similiar price available ? I am keen to return early next year, cheers from N Z
@Scott Baird We spend about $1000 a month on "Basic needs" that would keep us going if that is all we had. That is for 3 people. We do spend more on optional things, like a tutor for our son and land related expenses, what you would call improvements to lots or farmland. It is difficult to make a profit on small farm parcels, so that land is pretty much being farmed under a sharecropping arrangement.
@@ericcoyle5184 If you want Filipino deals, you have to spend the time building local connections- it is possible for those who are patient. Otherwise, you end up with "Foreigner pricing".
Sounds amazing.
Good baseline stuff. I find it useful, thanks.
"This isn't Disney Land boys and girls." One of the greatest lines about the reality of things.
👍cut to the chase magnificent 👍
You're great. I love how you started with the total, and trust that your audience will stay for the breakdown. Thank you
i lived in cebu for 2 years and i was spending about $3500 a month.i then met a girl and moved to the provinces in mindano and her family had a rice and vegetable farm and i converted a large room at there home with wifi air con etc.my rice was always free along with the vegetables,honestly there is little to spend money on and i could live for easily $700 a month.unfortunately i came back to the uk in january 2020 for a small break and have been stranded here ever since due to covid..hopefully soon the borders will open again so i can return to my gf....great video by the way
Have you made it back, Rob? My friend in Canada just got back from spending a month there.
@@bettyvanderhooven-schmaasc4235 thanks yes.i got back
Thanks for sharing the information. It’s nice to
see how you are enjoying your “Golden Years.”
Cheers!
I'm there, as soon as that check starts, My backup is my house almost payed, to big to keep. thanks
for sharing. My friends here say "Good to know Paul TY".
Paul is honest and humble.
Thankyou Paul, it gives me a good idea on what to expect and how to survive 😀
Glad to hear it!
A great point was how to self govern. Sounds simple,but so does fusion. It's in the application
Hello Paul and Mae. I have watched a number of your vids and really appreciate them. Thanks
Good video Paul. Great update to your budget. Having a budget should be mandatory for everyone who has an income and should learn to live within that budget. Parents should teach that to their children so when they face the adult/working world they can function more effectively when it comes to their finances.
Pre retirement, my budget was a bit flexible but once I retired I stuck to it even going as far as writing down every purchase/expense I would incur. I built myself a spreadsheet by month, in it inputted my income, my must/known monthly expenses (house, car, electricity, internet/tv/phone, insurance) ... it makes life so much easier. Whatever it is leftover it is my play money and now that I am retired, I do not spend nearly as much so, in effect, I am adding to my savings. Thank you for all the information you dispense.
Go have some fun!!! You deserve it
@@pearlperlitavenegas2023 And stop posting crap on youtube
Thank you Sir for your brutally honest assessment, your sharing of these incredibly personal details to help others, is incredibly noble. Thank you.
each and every one has their own life style that they need to budget for!
I like your frugality - there are lots of benefits apart from not overspending. A minimalist lifestyle is more mentally healthy and gives a great sense of freedom.
Practical and useful information, so thanks. Being single and teetotal is probably the best approach, but we live in the real world. It is possible to budget on a monthly basis (I do it myself), and it's even possible to save money (ditto), but one has to strike a tricky balance between economy and quality of life. Some of us are better at doing this than others. The others come to harm.
Thx for starting with the bottom line, rather than dragging it out to the end. Kudos.
Hi Paul great break down on your monthly budget and you state that you could save roughly after five years $30 thousand , well that's ok as long as you don't have any serious health issues come up god forbid, having a health care savings pot is the most important thing for anyone and should always be number one priority at some point or any point it's something that will hit most of us . I really believe it's the one thing you have to have a savings pot for even if you have Blue Cross,Blue Shields or Cigna check your policies to make sure what is covered and up it if required ,on most of these policies your still need to pay hospital there firstly and later your get it from health policy ,take care
Exactly, i lived in cebu city for 4 years, i had to go to the hospital 2 times. They both required money after treatment, so you need cash for medical emergencies. They both accepted credit cards, but i am not sure if the hospitals in the provinces accept credit cards.
Thx for breaking it down Paul. Very thorough and clear. Nice how you keep it real.
Yup, your money management for the day is exactly how I live my day in the states and on my travels. When the money ran out, that's it. I always have emergency money on my somewhere just in cash.
Thank you. Paul. For your information
The locally produced rum - which is very good - cost me only P200 ($4) a full sized BOTTLE last time I was in Dumaguette (Feb 2020) so not expensive to be drunk all day - so I had to make it a personal rule to not drink every second day.
Paul good man thanks for sharing useful information
Thanks for your honest straight forward breakdown of your budget. I have been to the Philippines 5 times and I’m happily married to a great Philipina woman. Her family is so kind it humbles me. I do help them out regularly with money . I don’t mind at all. It’s not a lot and they never try to take advantage of me. So far. Anyway I’m retired on SS disability and a pension. We are planning to live there someday sooner than later.. I could bank a ton living there. I like the native food and don’t drink. I already own a SUV over there. My father in law uses it and maintains it for me. Anyway Paul all my best to you and May or Mae , not sure. But who knows maybe we will run into each other. Be well. Enjoy every day.
you will get a good lesson upon your arrival for permanent residency.
Paul, thanks so much for your valuable information,your honest and direct without any bull sh😀t. I’ve been considering the move for some time now and I’m doing as much research as I can. You approach is the best by far.
Dave Ramsey does a talk show, in USA, about going debt free and using cash. He says there are studies which show you have more pain paying cash. You will be more resistive to spending cash. Paying on credit is painless ans easy, which is why all the big banks want you to do it that way.
Thanks Paul! very useful! I can't wait to visit the Philippines. I want to have a garden, with fruit trees too.
Which ever country you decide on will require a tremendous amount of financial discipline. I would highly recommend you be completely debt free, have some type of pension = to at least $1.2k monthly after tax & a damn good medical policy. In addition, you should ideally have savings of at least $12k exit funds, & a start up of $3k upon arrival.
ok thanks, i'm only 43 now, but i was thinking i needed around 3k a month (AUD) to retire comfortably, mind you I also plan on owning 2 apartments (Australia & Philippines)
Exactly..I live in Ecuador like a local and am very happy here..healthcare is 79 a month for Public Healthcare ..my house is 300 a month all included ..
@@ecuadorexpat8558 that sounds awesome. Good on ya!
This is a great video, somehow found your channel, now watching a bunch of them. This sounds like it would work for me. I am 62, good health, have saved up around 300 k in cash. Thanks for the great videos, something to think about.
Noise is a real problem in The Philippines. Whether it's animals (dogs, chickens, pigs), or inconsiderate neighbours, it can drive you crazy. We lived in Moalboal last year and moved twice because of noise issues (karaoke loving neighbours and nearby bars playing music)
yes, I ended up on a 7 hectare farm so I can be away from my neighbors.
@@manilamartin1001 that’s nice amount of land to be on
I would modify and say noise is a real problem to "you." That is the trade off for living in a vibrant and happy society with a laid back attitude. You want to live in a place where everyone stays indoors and maintains the noise ordinances, stay in the west.
@Joseph Lucas It's relative to your tolerance, tweaked by the conditions of the culture and environment you grow up in.
I agree with you Thai Fly. Also, pollution, right? Noise, pollution and rabies.
Easy answer. Depends where you live what type of house your living in and what life style you want to live.
I'm 54 and saved about 1.7M to date. Have Mae find me a sweetheart already so I can retire early at 55 and hop a plane there. I'm ready for a new life ☺️☺️
good information, thanks Paul
when I was a smoker some 25 plus years ago I never had more than $5.00 in my pocket when I stopped smoking I had more money ,not only not buying the smokes helped but also going to the doctors getting cough meds etc , seemed was sick a lot with upper respiratory infections and coffee ,alcohol went along with smoking ,so I tended to smoked even more ,I have been able to save at least $200 to $300 per month in my bank and as much in my checking ,plus my health improved
Thanks Paul. I hear all of it. Helpful a lot
Hello Paul. Living in Davao with a filipina partner the cost of living here is cheap. We are renting a new 2 bedroom house for 7000 pesos a month. No brownouts here.
You have quality of life over there. Enjoy every moment.
Very down to earth assessment Paul. I think a lot of people fit into that category money wise, so it should be helpful to the first time expat.
For me this will be my second attempt, and I plan to take a lot of your information to heart and follow it, because the first time I pissed it all away in 4 years and that was almost $200k.
🤯 wow
What a title if this vlog! Money matters not only in the Philippines. Money matters in this world.
PAUL MADE IT...
YOU ALL CAN TOO :)
Paul I truly want to thank you for the clear knowledge that you and baby May have given the RUclips family about your life in the Philippines. I would live to pay a visit there some day and maybe I would meet me a baby Queen there and live a new beginner life there. Thank you.
Hey Paul I've been watching your videos for a few weeks and I am being honest when I say I believe your retirement in the Philippines has turned the clock on your aging. You look younger today than in videos you made last year. Not pulling your chain I call it like I see it. Thanks for sharing these helpful information videos. I plan to check things out once things open up. Also want to add it's comforting to know that I will be more prepared when I arrive in the areas of what to expect culturally and financially to somewhat ease the stress from the enivtable culture shock.
Culture shock is real!
Well done. I like that you use generalities in your estimates. I get a feel for the area you live in, and get an idea that my life would be quite comfortable there on my income. Thanks!
I found that anywhere that I have lived overseas, be it Indonesia 1year, Thailand 14 years, or Laos 3 years, you can save a ton of money by eating at home. Actually I prefer eating at home. #1. You know what quality of meat you are eating, plus I like cooking. Eating out two times a week is enough for me personally.
Nice conversation. I figure when I'm of full retirement age in 2025 I'll make a move somewhere in Asia. Thanks for your help.
Sounds pretty accurate for 2 people. We're a family of 2 adults and a teen in Metro Cebu just outside of Cebu City, in Talisay City, and not counting all of the fluff, $1,500 is about what we spend. But add in the fluff, plus things we're currently not paying or partially paying, like going to a movie, school costs, transportation, etc. As well as some things currently costing a little more, like groceries and electricity, because our daughter is home 24/7. The total can be as high as around $2,200. But it still works out to be an average of $700 to $750 per person. We could cut some corners here and there, but it's all good. If we were living in even a low-cost area of the USA it would cost more. You're also right on target with cutting back on expenses. Our minimum if we needed to save some extra money one month is about $500 per person, $1,500. But we can't go any lower than that. And we wouldn't want to do that for more than one month. Like you, I can't live in the boondocks. That's the word that I use, I live in Cebu province. I sometimes wish that I could, but I have absolutely no desire to do that. If I can't get a taxi, I'm too far out. Before the pandemic, I was depositing a check into my BPI Dollar account quarterly for $5, so $20 a year, and until early 2017 that was absolutely free. Since the pandemic began, I've been using Xoom about every 6 weeks, Dollars only to my BPI account for $7.99, so about $70 a year. $50 more, not that big of a deal, and it's easy. I moved here on 1 Feb 2007 and almost everything cost about half what it costs today. But c'est la vie. I have no control over that. Good video!
Hi from South Cebu
ZOOM ever 6 weeks is exciting.
Very good info,,thanks Paul,,,enjoy your day there.
Thanks 👍
The big thing for me is that anybody can live short term on much little than most people say. But to live here for the next 30 years requires more than the minimum people say they can live on. Than it becomes not just daily surviving but really you need extra money to keep busy.
Thanks for sharing valuable information Paul 👍🇺🇲
When you said “cut to the chase”, I immediately knew I want to watch this video. Good job for not wasting our time. Most vloggers starts with “it all depends” and blah, blah, blah ad nauseam! We know it all depends, we’re not stupid! Just let us know your particular case and situation.
Anyway, excellent job!
Thanks so much 🙏
I know the video is a year old, but I'm just now planning to move there. This video was very insightful and appreciative! I might just start out at Big Rocks for a couple months till I get my bearings and go from there. Like you, I'll start getting my ss check this Nov 2023 and I'll have the sale of my house, furnishings and car that are paid for go into the bank. I may just end up in your neck of the woods! Thanks again for the great videos!!
Great video answered a lot of questions, I’m married to a Philippine woman that I brought back to America. I retire next year and we have a 5 year old son. We plan to stay much of our time in negros oriental her family lives their. You and others that move their and stay with your girl friends or wives are making the right decision. Bringing your Philippine wife to America is not a good idea. People are adaptable change the culture change their habits and attitudes. Again I’ve seen other budget videos on the Philippines and have spent time in Manila. Your video on this subject was the best I’ve seen thank you.
Like I said in one of your earlier videos bringing your Filipina wife to the US is a big mistake they do get adapted to this way of living and it's very hard for them to leave in fact last night I told my wife at dinner that I would believing in October of next year and and she needs to make up her mind whether she wants to stay here or come with me back to the Philippines but I also told her that if she decided to stay then I will be getting another partner when I get to the Philippines I'm 67 years old and I don't wanna spend the rest of my life alone
@@waltmel I understand
@@waltmel Reality. Life is short.
Good information! Thanks
I lived here for 6 months and I realized my expenses on average is about $1200.00 sometimes more. I'm headed back home to the US next week and will evaluate my short stay here whether to come back and settle here. My biggest concern is the Healthcare system even though I can get medical care from the VA but it is not 100% since I have a less than perfect service connected compensation. That's true if you're in the province you might be able to live for less than $1000.00 a month. Thanks for sharing Paul. Very valuable info to consider if you're serious about living here in PI after your retirement.
I’m am 90% Service Connect. So I get compensated around $2100 monthly. I have been really thinking heavily about going off to the Philippines.
Truly admire your honesty and your wisdom on how too budget your money,in that beautiful country Paul,some very wise advice indeed.well done.
Thank you kindly
For coffee; I use a french press and kettle to heat the water. Makes a nice cup of coffee. I'm currently locked out of the Philippines, so living in Thailand waiting to return. This is how I maintain a reasonable coffee budget in both places. I can make one or two cups quickly without using much coffee.
Sounds great!
Great information, real life comparisons.
It begs the question as to whether you spend $1500/mo because that is what it costs, or is the budget of $1500, the reason that you spend that quantity. The other unknown, from my perspective is Mae. Some could say that she is a 100% expense, however, given her lifestyle, knowledge, skills, and connection, I feel that she creates a level of savings, in your house, that might not be available to an average expat single person. Mae most likely saves you more than anyone else would, in the Philippines, because of who she is.
50 k pesos a month is living rich for locals .
I spent the same amount both single and with Mae, there is a balance both ways
@@paulinthephilippinesolddog9234 You may have SPENT as much, but I humbly suggest that you are getting a much better VALUE for you pesos!
Enjoy your minamal life standards. Using this in Michigan. Saving saving. Great advice. Thankyou
Thanks, you too!
Yes, 2100 should be ok to live there. that will be my SSI check in June when I turn 65 and retire. I would love to give it a try and will visit the country early next year when it opens. I want to leave the US for good by early 2023 to The Philippines, Costa Rica or Portugal. I had enough of the US and will not die there
Worth it no doubt!
The right mind set. I hear ya. Take inventory of everything you need on first trip and you will be way ahead of the game.A friend of mine used his connection with shipping and loaded up a. 8ft container and had everything he needed to live for 5 years there he was way ahead of the game then most. Did it on a budget of 10k
I know what you mean Jerald Johnson. I put myself through college by working menial jobs for tuition money ultimately becoming a principal engineer in a global electronic company. I also served in the military. And what I see all around me is now our own people fighting among one another for the sake of petty politics and petty ideology. I call it petty because no party's goals are for mother America to prosper. Everyone wants what they want, regardless whether it's counter to the nation's overall betterment. I am sick of it honestly. Again, this is not a partisan commentary - I haven't seen a single party that's for America. And we are supposed to compete globally and remain at the top! I don't see how, with no long-term planning and goals of the nation. Everything is short-term and for parties to win the next election. No ONE IS FOR AMERICA! I will NOT die being submerged in this infighting.
I have Come to the conclusion as well I will not Last here in the US, never will be Really happy. I want to Go to Philippines and live my life to myself happily
Popular subject Paul, well done. Most important item is nice Asawa to guide you along , buy proper foods, look after you in general. Takes a while to accept no stock, yes sir means no sir but it's a sunshine life. I'm stuck abroad hoping to get back there soon, winter in UK pretty grim mate.
Im 50/50 about retiring in the Philippines , the one thing that would sway me either way would be the noise / Rooster / Karoki / Barking dogs / Parties etc , yes theirs always remote islands and in the hills but that may not be pratical on my budget . Paul if you could do a video on noise that would be great .
Prices on C4?
One of the biggest noise irratations for me is the motorcycles without baffles in the exhaust. Man, it is soooo annoying. On our trips there I make sure my wife never flags a trike that has the loud exhaust.
I'm currently listening (I have no choice ) Karaoke...although I'm in a condo complex in Lahug in Cebu City ,the karaoke is coming from the local community literally yards from where I live.The singing is real bad and at max echo volume every weekend for atleast 8 hrs .So hope this might help.
@@dtourstravels4378 Thanks Dtours Travels .
@@marko651 Actually, you can get accustomed to the roosters. Karaoke, . . . not so much . . .
I love the crickets in the background. So relaxing.
I am all set to get there once it opens. I will have about 30 to 40k in savings with a monthly budget of around $3200 USD per month. For the moment I will likely be looking to live on Luzon, a bit south of Manila (near Batangas )just because I need to be close to the VA hospital there at the start. Need at least that lifeline in case anything goes wrong, before I venture out more. So I hope with all the budget videos I have seen, it is enough for a decent life there. I will be 45 when I arrive and not hard into the nightlife, just want to relax and enjoy my time.
Drake, I trust you know that they will only treat your SERVICE CONNECTED condition. Unfortunately, they will not treat other conditions that a vet (with a service-connected disability) might have.
That should be fine. I live in Makati for under $2000 a month not including the condo I bought. I also have a housekeeper and I like eating at restaurants.
@@donbarnett1553 Thanks for the info, I have heard that before. My current condition is service related so its all I need it for. I will visit civilian hospitals for other needs probably.
@@manilamartin1001 Great! Then things should be fine. Now I just play the waiting game.
@@francisdrake6320 yes. I have a couple of friends waiting for the tourist visas to allow them. They are first timers from LA CA.
Thank you Paul, Good video
Great information, we are flying out this Friday and eventually will be settling down in Subic. Hope to someday meet you.
Please do!
indeed you did great work keeping up your budget's w SS $ 1500 a month. Be well!!
Paul, as usual a very good, clean and informative video. I would make sure that you stress a bit more the fact that where you live and by what standards make a huge difference. My retirement income is far more, yet we certainly use it. We live in a city ( Angeles City ) with a very large ex pat population , hundreds of restaurants and dozens of them are VERY good. We own a vehicle, we own a two bedroom two bath condo here. Our lifestyle is not MUCH different than it was in the states.We pretty much do what we want when we want. Without going into detail for the sake of brevity, our budget is about 6k USD a month. We very rarely spend it all. I think the most important part of your video is far over looked. CASH is king. Watching that money go from your hand to someone else.....makes you think twice. Great VID, take care.
Dr.Dementia State of Survival, I don't think you fall in the target audience of this particular video by Paul. I love Paul's videos by the way. A RUclips Vlogger named "Where Else Philippines" has a video on monthly living expenses, just like this one by Paul, that may be more in line with your income level. I found that video quite informative as well.
thanks for the info paul. from you and others i have learned " i got this" also thanks for the reality check. i too am tired of showing up.
Hi Paul. Can you do a guide that explains the different visas, process, costs etc cheers mate
Good Info Thanks. You could make way more impact than just Talking by using a white board & markers while laying out details on How Much you spend on What. That way subs can adjust what it will cost them by adjusting their spends. They can also take a pic of your white board to review each time they think about it. Good work, just a suggestion.
The health insurance is the big variable.
Yea and just try getting that after you're 75 years old!
Yeah, according to my research it's a substantial variable lol...
You are correct I married a Thai teacher who is a government employee so I am covered threw her but the insurance is really high once you reach 70 and older!
It's very important not to skimp on medicine that your doctor back in your country prescribed to you. $$$$$ many retirees die early in the Philippines trying to save a buck by not buying
These medications.
Thanks! Very useful video
Thanks for the breakdown. It’s very helpful. I am looking for some places for my wife and I to snowbird to in the winter when we retire. Do you see a lot of couples doing this or mostly single guys looking to meet someone?
This is what I’d like to know. My husband and I are interested, but we only see videos about single men who go there to find a local girl. I’d like to met expat couples that I can have friendships with.
I'm kind of glad that I didn't get to go when I wanted to because I'm learning a lot from you and a lot of other RUclipsrs and hopefully I'm well prepared when I get there and not make a big mistake.
most filipinos live on a much smaller budget, and they have to work to earn their money, usually on a daily basis, so the money that you and other foreigners spend in the philippines, helps the filipinos make their lives just a little better, especially when you are spending your money locally, so you are a benefit to the local economy. One question, do you tip when you eat out, or for other purposes, and do you include tipping in your monthly budget? Thanks for sharing your monthly budget info. Take Care or Amping (*_*)
Allways tip
The people cooking and serving your food & drink are usually making a few dollars/day . . . Not a few dollars/hour. If you can't afford a tip in this environment, then you certainly can't afford to eat out.
@@roberthoffman4587, good to know, I'm an Aussie, and we don't have tipping here, but when I travel, I always round up by about 10-15% I call it the staff GST... ;) So I guess yes that would be tipping.. but that also depends on the service you get... If I get treated like crap and ignored etc... then I only give them what's on the bill, so the ball is in their court, but saying that, I have travelled a few countries and I have only paid the only the bill a few times...
Tipping is not mandatory in the Philippines. But if you do, it’ll make their day.