You know the answer already Steve.
It all depends what you want in that life.
It's really possible to live very cheaply in the province.............if you need to, or want to.
I often tease my wife about just how cheaply I could live (survive) and yet still be content.
I don't believe she could yet do that.
You really need to say how much in Peso, not in £
When you're actually living there you need Peso.
As I've said before, I personally base my future on a base of P40 to a pound and these days I have to seriously consider modifying that.
I still maintain that locally P50k - P80k per month is acceptable.
At P40/£ that's £1250 - £2000 per month and will always remain variable if dependent on exchange rates.
When I suggested this before everyone put me down as a crackpot. But wait.................think about it.
You need a safety margin, you need savings too.
Look what's happened to the ROE since I first mentioned that rate.
I think for me £700 doesn't cut the mustard.
Just my personal view (as an expert and much sought after economist)
Good luck with that £700 sourced in a failing economy
Look at this way, the State pension is set to increase for some (not me) to the dizzy heights of £144 flat rate per week.
That works out at £624 per month
Everyone suggests that's going to be a tough task to live with in the UK unless there's another source of income (either another pension or increased benefits)
Means maybe none of us will have any choice but to move out to a less expensive place to live.
Philippines???? or Romania???
Quote Reply
Originally Posted by Terpe
