“Money money money monnnnnnney!!!”
It’s been a while since we last kept track of our Philippines monthly expenses, and seeing as it is something folks are always talking about (“Ned, how much does it cost to live in the Philippines?….”), I thought I would revisit it this month.
Our September 2015 expenses include some medications and a doctor visits for Michell’s bronchitis (which is now hopefully under control), registration and one year insurance costs for both of our motorcycles and a 60 day extension on my tourist visa.
Foreign dollars can go a long way in the Philippines. With the low costs of rent, eating out, labor and an economy that is balanced to an expat’s neighbor, you can spend as little (or as much) as you basically want.
I live a pretty simple lifestyle here. We don’t go out partying, don’t eat steak, don’t drive around in a flashy SUV but we still have all the luxuries that we want so we’re not feeling deprived: Going out to eat, going on trips, having aircon on 8-12 hours a day, buying expensive lettuce, etc..
If you’ve been or are here, you’ll know what I am talking about. J
So, with that in mind, let’s take a look at our expense breakdown for September 2015!
BASIC LIVING EXPENSES – IN US DOLLARS/ XCHANGE RATE 46-1
Cable TV Nada – Ain’t got time for no stinkin’ TV!
Grocery Shopping 116
Eating out (19 times) 189
Diesel Truck Nuthin – only drove twice this month
Gas Motorcycles 28
Visa Fees 60
Cigarettes 35 (Yeah, yeah yeah…. I know)
Dry Goods 44
Doctor Visits (2) 19
Medications (antibitics and bronchitis meds) 25
Registration and one year insurance for two bikes 48
Michell’s Mindanao Travel Money 105
BASIC LIVING EXPENSES FOR SEPTEMBER 2015 TOTAL $1,083
*”Unaccounted” is the difference I note on my bank balance end of month versus beginning of month that does not slot into any of the other expenses. It’s usually parking attendants, money for street kids, drinks at sari-sari’s or the like.
Now let’s take a look at some of the expenses we tracked over an eitght month period in 2014/2015:
MONTHLY LIVING EXPENSES
July 2014 1,058
Aug 2014 940
Sep 2014 1,160
Oct 2014 1,113
Nov 2014 1,183
Dec 2014 1,198
Jan 2015 1,059
Feb 2015 1,193
AVERAGE MONTLY LIVING EXPENSES: $1,113.00
Factor in this month’s $1,083, and it looks like a continuation of the same.
Which works for me just fine….
Don’t forget that you have to factor in initial setup costs when moving to a new place and furnishing your pad. Here’s a rough estimate of ours:
EXTRA “SET UP” COSTS
1998 Pajero 6,500
2013 YBR125 1,500
2012 RUSI Scooter 500
House Furniture and Setup 3,200
Desktop PC 840
LED TV 504
TOTAL OF EXTRA COSTS FOR INITIAL SETUP: $13, 044
Got anything to add? Wanna give us props for all our hard, OCD-level expense tracking? Leave it in the comments section.