Retire in Philippines

7107 islands of heaven; that is what you’ll find if you go to the Philippines.

Expat’s from all over the world are taking their hard earned money to the beautiful island paradise of Philippines to enjoy an early retirement at a place where they can afford to live and be treated like Kings and Queens. Talk about retirement planning!

The long, golden sand beaches stretch for miles and miles around island after island. Cruising between them with your own boat for a week or two to explore a new hidden place in paradise along with your spouse, partner or entire family that you brought with you when you made what most likely will be the best decision of your life.

The South China Sea is home to the Philippines, a tropical paradise that can boast hot and humid weather 24 hours a day for 365 days of the year. Along with the amazing weather, the quality of life when you have a normal retirement payout every month is excellent. Before making this life changing decision there are several things you have to consider.

First of all, you have to think about where you’re going to live and how much you want to pay for it. The most expensive place in the Philippines by far is Manila. If you go to some of the regions outside or to remote islands you can find houses, apartments and bungalows for a lot less than in the large city of Manila. You can get accommodation from P10,000 per month all the way up to P50,000. 10,000 Philippine Pesos is around 220 USD.

The second biggest expense you’ll have is your utilities. That means water, electricity, phone etc. All of the things that will keep your house up and running and that will keep you nice and comfortable in your own little paradise. Your average cost for all your utilities will end up on average around P8,000.

Food and groceries is essential for anyone’s living and it is exactly the same in the Philippines. Now you can go down two roads, you either go for locally and nationally produced food or you go for imported food. Now the imported food will be at a higher cost, still, nowhere near the amounts you were paying at home. If you go for the local food you can save even more money. Budget about P30,000 for a single month if you’re not living by yourself.

Now we’re going to get to the luxuries that you can afford to have when you move to the Philippines if you have a decent budget. Two major ones are a personal driver and a maid. You can get a personal driver for between P3.000 and P5.000 a month, so under 100 USD! All you have to do is make sure you provide food during the day and a vehicle for them to drive in if they don’t have one. A maid is even cheaper than that. For about P2.000 every month you can have a maid doing all the work around the house that you never felt like doing or downright hated.

Taking all these things in to account, the Philippines is an amazing please to settle down after your hard years of working. Spend your money wisely and live the rest of your life being treated as a King or Queen.

Only in the Philippines.

[This article was written by a resident of the Phillipines.]