Trying to live as cheap as you can, because that is all you can afford, is destined for an unhappy outcome. Your motive for living in the Philippines must be more than it just being cheap. Although cheap and affordable are high considerations. The last place you want to be, is the Philippines if you have run out of money.
Wise words indeed from a sage, Moy
I know of three expats who have basically just run out of money and had to go back "home"
One,an Australian had been here for 19 years but was unwise in planning for his and his family's future.He is now claiming welfare in Sydney. The other two were both British, both came out about 8 years ago when the exchange rate was high and spent as if there was no tomorrow with no regard to the fact that prices here would rise steeply and the exchange rate would drop by over 30%.
The cost of living in the Philippines is much less than UK but it is very easy to spend money.
Forward planning and a regime of financial discipline is essential here. Its not rocket science and could be the difference between living or merely existing