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Francis

Member
July 30, 2024 at 8:23 pm in reply to: What Does $500 a Month Get You in the Philippines

Living comfortably here must atleast earn 250,000 Philippine pesos or $4500/$5000 a month. You can pay rent, groceries ( Eat 3-5x a day) Good education for kids and can pay car monthly ( For a sedan it cost $350-$500/month amortization for 5 year term)
Francis

Member
July 30, 2024 at 8:16 pm in reply to: What Does $500 a Month Get You in the Philippines

For Mortgage depends on the locations, If provinces normally is $500/ month. But if in the city it ranges to $700-$1000 or more. I guess if you are a dollar earner living in the Philippines, family of 6 like us should atleast $2000-$2500 a month (still budget but not that tight budget). Why? School for Kids (preschool, grade school is $1300/year but most schools offer monthly payment) Kids needs, daily necessities, Rent etc..