hey guys today we're going to talk about our budget in May this is the first month we've been home for all 30 days in a long time yes so okay so 30 days so good luck for our monthly budget I don't know about that so guys I will start to count these coins so let's count it check it out my seven coins guys I'm sorry to break the bad news to Janet all those coins she thinks she's going to get to keep not so we need it for the budget guys maybe it was a good month maybe it wasn't but let's check out the budget let's see how we did now this is the month of May and uh the peso is is weak so we got 58 pesos to one um on our exchange today so for us our budget is 122,000 pesos a month and this month it took us $2,115 to get 122k last month it took us $2,140 uh I always transfer 2200 US to the Philippines but we withdraw out of the bank 122k that's our budget uh since we moved into this new house I want you you guys to be aware before we get into the budget the exchange rate I don't want you to fall in love with this 58 pesos to one maybe it'll go to 60 maybe it'll go to 65 who knows just in 2021 in May it dropped down to 47 pesos to the dollar so be aware of the exchange rate be prepared for the ups and downs uh enjoy as it goes up bring your money over wisely when the exchange rate is high bring your money over when the exchange rate goes down uh maybe keep it in the US uh longer so let's get into our budget first we're going to talk about our rent our rent is how much hun so our rent is cost 35 Pesos 35,000 pesos 35,000 pesos so that is 35k 35k $63 so roughly $600 for rent uh we've moved somewhere nicer someplace that we can stay home more um it's much more expensive than our last place our last place was 23,000 pesos a month but uh it was a decision we made and so far good decision for us let's talk about our electric and water our electric was very high it's been a hot summer uh this new place I run the air conditioning a lot three rooms yes we have three split airs we have three split airs so sometimes Mike always 24 hours here in the living room the big room the big room is to have a big big split air con yeah we run that a lot uh and we even open up the bedrooms to let this cool the bedrooms but uh our electric bill was high I don't know if it was because of the extremely hot summer uh did the uh electric rates go up a few of our friends also had extremely high electric bills but we'll take a look at this over the next 90 days through 3 months and sort of average it out to uh what a budget is here but our electric bill was 7,300 pesos $125 us and our water bill because Janet likes to what do you do all morning long so every in the morning guys you know it's summertime so the owner day told me you need to watering the plants so Al also the grass yeah especially the grass cuz we don't want it to die so much that it's a mud puddle out there when rainy season we got some rain yesterday it's raining today and um you know the grass is going to come back and it's going to be a very nice yard for us the dogs the kids it's it's just a much better environment for us right now so our water bill like I said was 700 pesos or $112 uh for the month at the old place our water bill is around 200 pesos 200 or 300 300 if it was bad month and that's like four to 5 so it's gone up a lot uh here our electric bill and our water bill here goes to we're comfortable here we're comfortable here we like it here our Wi-Fi and our cable we get fill products and fill products comes with over 200 television channels and um a handful of uh highdef channels HD and we get ESPN we get Cinemax HBO uh the History Channel Discovery we get so many different channels that we had back home in the US I was watching the NBA games live uh this morning so uh it's a good value here we get high-speed Wi-Fi 150 mtes per second and we got a complete package and it's like $37 $38 us and this is a fixed cost every month 2,200 pay so hey if you want to see what a smaller budget looks like a budget of maybe 1500 us or, 1600 us check out this video here uh Janet and I did a common sense budget and it talks about our budget MH and it also shows you what I call a common sense budget for a single guy uh living here in dumag which you can live comfortably yes for 1,500 us you can do but depends on you check it out guys check it out let's talk groceries you know I like to eat I'm a little bit big ice cream chips all that good stuff our grocery bill wasn't too bad this month it was uh 22,600 and that's groceries and household items you know your detergent bleach anything that you buy for the house uh that was $390 for the month at the market Janet goes up to Valencia a couple Sundays or Saturday nights in the month yes and she spent about 1,200 pesos up there which is 20 bucks and what do you get when you go up there um sometimes I get uh vegetable uh cauliflower green beans broccoli broccoli mango mango mango any kinds sometimes papaya and we get some bread up there sometimes it's it's a nice place to go once a week um it's it's a gathering going up I I I never bring go go yeah but it's a gathering where where foreigners go and Filipinos go on a Sunday morning Saturday night and go shopping and wander around and meet your friends let's go over a laundry Bill and our drinking water bill and you know you guys that watched Janet doing her live you know she's always talking about I have to do laundry she doesn't do all the laundry we take a lot of the laundry to the laundry man right yeah yes but but but I need something shees she does the whites for uh and PJ school clothes and anything nice any of my nice shirts and her nice dresses she she does those by hand but towels and sheets and you know jeans and things that need washing we take up to the laundry mat this month uh I think we made three trips to the laundry mat and it was 900 pesos for the laundry and that's roughly 15 or $6 a month us are drinking water yeah our we drinking water 25 pesos each and those are the Big 5 gallon jugs that you see you know in the old um water coolers in the office you know they put the jug of water on top we buy those 25 pesos each delivered we buy five at a time mhm and we had three deliveries this month so it was 375 pesos for drinking water which is $6 or $7 a month us dining out we cut back on our dining out I had a big budget set up for dining out but uh everything seemed expensive at the beginning of the month and we'll try hard to maintain our budget so dining out we spent about 7,500 pesos dining out and that's $130 and uh when I say my coffee coffee that's when I go down to tomtom's or I go to Bose coffee or we go up to Bai Highland uh coffee we go out in the morning to go somewhere and it's always we end up getting a cup of coffee so my coffee expenditure which is similar to some guys beer expenditure where they might spend money on beer it was 1,800 pesos or about $31 for that so that was pretty good we cut way back I budgeted $6,000 for my coffee cuz usually I go and I get a a bagel or a breakfast sandwich in my coffee but uh cut way back on that and the trips into town going to the coffee shop yeah down to about two or three times a week where it used to be almost every day mhm mhm Janet likes that stay home don't don't don't go out and waste money May sometimes Mike you go to the in the coffee shop sometimes they said Mike to me you order there no I don't want she don't want she used to always get uh the chocolate Coco chocolate hot choco hot choco I stop a little bit she stopped getting that she sits there with nothing she'll come in and nothing and you know other other Filipinos are the same way uh The Foreigner will come in they'll buy coffee and their Filipino just sit there on their phone but won't order anything and uh we go to tomtom's coffee and Bose's coffee here I have a photo of each one of those for you to look at let's talk healthc care a little bit here we'll talk about Phil Health now we pay our Phil Health by the year once a year we go in and pay it but I broke it down monthly for everybody uh because it's a monthly budget so Janet and PJ their Phil health is 400 pesos a month about $7 mine is 1,400 pesos a month about 24 $25 a month now people ask me can I put Janet and PJ on mine and be covered I can put Janet on mine but I can't put PJ because I'm not on the burst certificate so uh any way you look at it would have one policy with me and Janet on there then PJ would have to have his own uh same cost involved so we decided to go with Janet being the primary on the Phil Phil health for her in PJ and I just have my own individual uh on Phil Health also we'll talk here about the Visa and the ACR card and Janet Social Security and guys don't mix this social security up with the United States Social Security this is the Philippines social security system and Janet uh contributes monthly but we go there once a year and pay it it's a big hassle going down there every month filling out the forms and making a payment so we just make one once a year and we're on a 700 peso a month U allotment or payment on her social security and this is something she'll collect just like we do when we retire gets 60 uh they're eligible to receive their Social Security payments uh my Visa and ACR card I Tu away about $40 a month for that which is 2,200 pesos I have not gotten my 13A Visa yet so I'm still budgeting a monthly uh fee into my tourist visa and ACR card now the tourist visa you can extend online nowadays makes it so much easier than uh the old way where you have to go into the office all the time but uh here in dumag the Bureau of immigration so easy that it really really doesn't matter how you do it something all you guys won't have but I have cuz uh when Janet and I decided to marry and be together uh I accepted Janet for who she is and everything uh in her life and that was she had a son so we have uh private school we have tuition and the tuition is uh 14,500 a year and I just broke it down monthly so it's roughly 1,200 uh pesos a month which is $ 20 $21 and if you have any kids in school public or private anywhere you're still going to have other costs you're going to have uniforms you're going to have books projects yes there's always something you have to buy you have to go buy some paper you got to go buy a pen so if you have something exam and additional you pay that one paper this paper yeah there's always something yes always something to always last minute too they let you know at 3:00 they need it tomorrow morning at 8 but we we budget the same amount as this tuition uh 1,200 for that and that's again another $20 a month towards his education the more kids you're involved with the higher that number is going to be now let's talk about my self-insuring I don't have um any kind of insurance plan for health I decided against Pacific cross I decided against uh any kind of policy that I've heard of one because of my age being coming out 70 the cost is very high two uh I have a good savings and I have enough money to budget towards that savings now when I said in the beginning that my budget is roughly $2,100 that also included this $300 a month that I save towards my self-insuring so we put away 16,500 pesos every month towards emergencies or towards like we're going to do our physicals here next month so this money you just put it away every month every month and when you need it it's there for you um being self-insured means you have to be disciplined and save money so you have money for the emergencies uh you should always have a savings and a plan on how you're going to save money here's the big one motorbikes also motorbikes is include it's include mostly it's fuel right this month uh not too bad on the fuel because again we didn't travel far we made a couple trips up uh DWI up into the mountains and also up here in Valencia but nowhere near as we normally do because we just moved here and uh we're getting settled in here here and we're trying to change our lifestyle a little bit and um we saved money on fuels we were lucky nothing broke on the motorbikes there was no oil changes this month no other costs but just fuel I think I spent about 1,00 on in my bike for fuel and Janet about 400 for for her bike uh that came out to about $25 the reason janets is less most of the time Janet rides on my back wherever we go some it's mostly me driving and she's on the back or if she takes a trike uh then I follow on on the motorbike but not too bad this month for for fuel we're pretty much under budget for everything except the electric and the water belt guys you're going to have to somehow handle gifts you know if if family members have a birthday uh a graduation uh a friend in need need you know say there's an xad having a little bit of a problem and 10 of you guys get together and each throw 1,000 pesos into a pot to help them out of a jam and that's gift money that's that's extra we spent 5,000 pesos last month in gifts and it was something we like doing and it was it was a joy to do it that's $86 and that's something you can't budget you just you you you know you're going to spend money as gifts from people all of a sudden you're going to get a your wife or girlfriend's going to get a message hey we're going to a birthday party we got to go buy the cake and and you put a little bit of money in an envelope for the the kid or the person so gifts are always part of something uh more so for birthdays than anything else birthdays and Christmas mostly yes yes the depends on you depends on you you don't have to give nothing man you don't have to give nothing that that's something you just give because you want to give yeah gifts are exactly what it says it's a gift now miscellaneous this because we moved into the new place I have this I needed an ottoman I need to put my feet up I'm one of these lazy guys I like to get my feet up on the coffee table or but these coffee tables here that came with the house are not comfortable they have a glass top and not comfortable for my feet so I bought an ottoman and here's a picture of the one Ottoman and uh I also purchased a slow cooker for Janet which she doesn't like too much is the way is useless is he always electricity it's useless so like TR but the when she cooks in the house the house gets hot so I'm going to teach her slowly how to use the slow cooker the trouble was the first time we used it it took so long that she got mad she took the food out and threw it in the frying pan and cooked it on the stove yeah for how many but the second time it was pretty good but it's it's something new for her and we'll slowly get used to it so those were two purchases we made uh the ottoman was $63 or 3,700 pesos and the slow quicker was ,500 U pesos about $25 $26 here's the big one man this is what busted the budget this month was haircuts I got two haircuts there were 350 pesos for $6 two haircuts one I got at a nice place of Bose coffee it was 150 pesos for the haircut I gave him 100 peso tip and I'm going to tell you why I give him a tip uh every time I go in there I tip them and this time I went in there and the lady goes oh it's about a 2hour wait there a lot of people waiting you know the barber looked at me and he goes sir come here cuz he knows I tip he put me right in the chair in front of everybody else got my haircut I tipped on the 100 pesos and I was a happy camper don't be cheap don't be cheap it's either time or money and I don't want I don't like waiting for to get a haircut if I can cut to the front of the line for 100 pesos I'm going to do that the other haircut I got I got it here at this place Paul and may Barber Shop 100 pesos now you guys know Paul and may they need the money when you're in town get your haircut here so the whole budget was we started with 122,000 pesos $215 us uh what we actually spent and to my amazement we were under budget we spent 115,200 775 pesos left about $118 so we did good this month with a lot of extra expenditures but we stayed home a lot because we knew uh that we were spending too much and so we had a compensate in our budget you have to be able to adapt to the situation it was an extremely hot month of May yeah it was hard to go out it was so hot you didn't want to go outside so it definitely ran up our electric bill cuz we stayed home and it stopped us from eating out but we did eat out a lot here crispy King yeah save some money there don't we sometime sometimes sometimes crispy King 40 pesos for one piece of chicken 50 pesos get you a piece of chicken fried this is fried chicken that is very good and a cup of rice for 50 pesos yes for 50 and Janet's good we're when we go to crispy King we look for when they don't have any chicken in the in the display it's like you know they don't have any so they have to make new so Janna will order the 10 pieces to feed the family and it's 400 pesos and we get it fresh and it's so good when it's fresh just like anywhere you get fried chicken if you can get it right out of the deep fat fryer it tastes so much better than that chicken that just sits around so for our budget we did pretty good like I said we saved some money and uh showed you the places that we like to go eat at uh crispy King uh we also ate at fiber McGees and a couple other places this budget is not everybody's budget but you can take it for what it is it shows you what we spend and you can just adapt the numbers to what you need if your budget is 2,000 a month and you're single man you're not going to be like me you're not paying for school you're not paying for U you know an ottoman you're not paying gifts um your electric bill is going to be less uh you know your rent's going to be way less uh you're going to save a lot of money but if you're a family man and you think you're going to end up with a girlfriend and a family and thinking in the future yeah that's about what your budget's going to be in inflation is always a worry inflation isn't always a worry but the biggest thing you have to watch is the exchange rate stay on top of that exchange rate it's been very favorable here for the last year and a half it got as high as 59 pesos last June now it's high again A lot of people are saying it's going up to 60 60 plus when I see it I believe it but uh every time I see it over 50 I'm very happy uh keep an eye on it it's a very important part of your budget it's something you need to always be aware of okay guys thanks for watching till next time
