Question about cost of living for retirement

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Question about cost of living for retirement


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Old 18th April 2015, 09:50 PM
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Default Question about cost of living for retirement

I'm planning on retiring, shortly, to the Philippines, and living in the province (Nueva Ecija), at least initially, around Cabanatuan.
The pension that I have pays around $1000.00 (USD) per week, maybe as high as $1500.00 per week ($4500.00 per month).
I'm assuming, based on what I've seen there during my visits over the last 3 years, that is this way more than adequate for a comfortable life.

Any thoughts, suggestions, etc.

Thank you,
Fred

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Old 18th April 2015, 10:19 PM
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Originally Posted by Fred98TJ View Post
I'm planning on retiring, shortly, to the Philippines, and living in the province (Nueva Ecija), at least initially, around Cabanatuan.
The pension that I have pays around $1000.00 (USD) per week, maybe as high as $1500.00 per week ($4500.00 per month).
I'm assuming, based on what I've seen there during my visits over the last 3 years, that is this way more than adequate for a comfortable life.

Any thoughts, suggestions, etc.

Thank you,
Fred
You have your answer Fred...welcome.

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Old 18th April 2015, 10:53 PM
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Quote:
Originally Posted by Fred98TJ View Post
I'm planning on retiring, shortly, to the Philippines, and living in the province (Nueva Ecija), at least initially, around Cabanatuan.
The pension that I have pays around $1000.00 (USD) per week, maybe as high as $1500.00 per week ($4500.00 per month).
I'm assuming, based on what I've seen there during my visits over the last 3 years, that is this way more than adequate for a comfortable life.

Any thoughts, suggestions, etc.

Thank you,
Fred
That is a lot more than you need for expenses in the province. My advice is keeping a low key and not go crazy spending and helping others. Always complain that you are spending too much over you budget.
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Old 18th April 2015, 11:39 PM
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Sweet nice retirement package for sure. not sure of you age but SS can also play a big part. Insurance for medical expense etc. You can live comfortable, but the initial cost can be high depending on paying cash or taking a loan. House car furniture.
Good luck my friend and enjoy life I DO

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Old 19th April 2015, 10:31 AM
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Its a great retirement, similar to what Ive got...my suggestions
Never tell anyone here how much you make
Keep half of it in your bank in your home country
Never tell anyone here how much you make
Take it easy and figure out how much you really need
Never tell anyone here how much you make
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Old 19th April 2015, 01:47 PM
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The answer to how much does it cost to live in the Philippines is just a little more than what the wife's family can extract from you.

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Old 19th April 2015, 03:52 PM
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The answer to how much does it cost to live in the Philippines is just a little more than what the wife's family can extract from you.
True in many cases, and isn't that a shame?

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Old 19th April 2015, 03:59 PM
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Guess I'm lucky, my ladies family, nanay and tatay are the nicest people I've ever met and have never asked me for anything. They always go out of the way to care for me when I've visited the Philippines in the past.

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Old 19th April 2015, 04:33 PM
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The answer to how much does it cost to live in the Philippines is just a little more than what the wife's family can extract from you.
And it takes a while to learn to say NO, Nada, Can't do it, It's Not in the Budget. I have a soft heart for family, but fortunately my asawa is learning the reality of the mythical "money tree"

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Old 19th April 2015, 06:04 PM
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And it takes a while to learn to say NO, Nada, Can't do it, It's Not in the Budget. I have a soft heart for family, but fortunately my asawa is learning the reality of the mythical "money tree"
I have not had any problems yet but I suspect it will be the extended family that could be the problem rather than mama and the brothers and sisters.

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