Over the past 1 year or slightly longer, the US Dollar has been falling like a rock! It seems that whatever the bad news for the Philippine economy, the Peso still gains strength against the Dollar. Keep in mind, if you are an American and you get your money from some US source, this means […]
One thing about finances in the Philippines is that your money will go a long way here compared to in western societies. Life is much less expensive in the Philippines, and that is attractive to many people!
Be sure to also read our archive about Repairs. You can get most anything repaired in the Philippines. Much different than in most western cultures where you just throw something away if it breaks. Repairs in the Philippines are cheap and you can save a lot of money compared to buying a replacement of the broken item!
Probably the most often asked question from people who are thinking about living in the Philippines is this – How much money do I need to have a good life there? Well, to be honest, there is no single answer that can be right for every person. “Living good” is a different concept for every […]
Did you know that you can now have most US Government payments (Social Security, Military Retirements, etc) deposited directly into your Philippines US Dollar Bank account? That’s right! BPI (Bank of the Philippine Islands) now offers direct deposit of US Government payments. Payments are made through ACH (Automated Clearing House) payment, which generally means that […]
One of our readers, Vincent posted a question as a comment on another post, so I thought I’d answer it here, as a new post since it is somewhat unrelated to the post where the question was posted. Vincent said that he and his wife were thinking of moving to the Philippines, and perhaps wanted […]