Average Monthly Salary for a Decent Living

[badbadtz.carlo]

How about P80k/mo with the house already paid off and no car payments (commuting most of the time)? Oh and just 2 people.

80K/mo for two? may paid off car and house? solb na solb ka na dyan!
kaso, given na two lang kayo, if married couple, i'm sure that you have plans to raise kids, right? then if that's the case, yung sobra now, is something you need to consider saving, or better yet, investing on business.

nde naman forever all is well... need to prepare for times of sickness, crisis, unforeseen quadruplets....

[Jun aka Pekto]

if married couple, i'm sure that you have plans to raise kids, right?

Eeeeek! Nope. I have 2 daughters right now. I'm assuming years from now when my youngest reaches 18 and goes out on her own or at least moves out of our household and moves in with her aunts/cousins.

No more kids. I'm done. Of course, I said the same thing before the second one was born. He He.

By the time the youngest hits 18, I'll be in my early 60's.

[FWC]

Eeeeek! Nope. I have 2 daughters right now. I'm assuming years from now when my youngest reaches 18 and goes out on her own or at least moves out of our household and moves in with her aunts/cousins.

No more kids. I'm done. Of course, I said the same thing before the second one was born. He He.

By the time the youngest hits 18, I'll be in my early 60's.

Kaya minsan it also pays na maaga maglandi!

I married at the age of 20 (my wife was 18). And we immediately had two kids. My son graduates college when I was 43 and my daughter when I was 45. Now, they are both managers and at 53, pa easy-easy na lang ako, just saving up for my retirement.

If you are having problems making your income fit, there are programs that will help you do it. One of them is being run by Unleash, International. Basically, their program teaches you financial discipline, how to prioritize your spending, etc. We have sent many of our employees to this program and it really helped them.

[CVT]

Yup,- bro. FWC....Good thing for you.... However, sometimes, it works, sometimes it doesn't.

I am happy that it turned out well for your family.... I think I am somewhere in between JAP and yourself..... So, I need to really grind hard for some more years....

7202:bruce_lee:

[Galactus]

Kaya minsan it also pays na maaga maglandi!

I married at the age of 20 (my wife was 18). And we immediately had two kids. My son graduates college when I was 43 and my daughter when I was 45. Now, they are both managers and at 53, pa easy-easy na lang ako, just saving up for my retirement.

If you are having problems making your income fit, there are programs that will help you do it. One of them is being run by Unleash, International. Basically, their program teaches you financial discipline, how to prioritize your spending, etc. We have sent many of our employees to this program and it really helped them.

Unleashed International? Is this the one being run by Francis Kong and Anthony Pangilinan? I attended one of their seminars held in Megamall sometime in 2004, and was actually bored throughout. IMO, the program then dwelt more on unleashing your potential to become a better person.

Di ko lang alam kung paano na siya ngayon. But honestly, I don't remember having learned anything from it. (Mahina rin kasi ang buy-in ko sa mga ganitong seminars eh. Same thing with John Maxwell when he was here, and held his seminar at the Araneta Coliseum. Blah-blah, yada yada...)

[FWC]

Ooops, double post. Sorry!

[FWC]

Unleashed International? Is this the one being run by Francis Kong and Anthony Pangilinan? I attended one of their seminars held in Megamall sometime in 2004, and was actually bored throughout. IMO, the program then dwelt more on unleashing your potential to become a better person.

Di ko lang alam kung paano na siya ngayon. But honestly, I don't remember having learned anything from it. (Mahina rin kasi ang buy-in ko sa mga ganitong seminars eh. Same thing with John Maxwell when he was here, and held his seminar at the Araneta Coliseum. Blah-blah, yada yada...)

No, this is a different group. It's being run by a husband and wife team (forgot their names). They actually teach the basics of budgeting and prioritizing expenses, including costing out purchase options if done through credit cards, loans, etc. Our employees actually found the workshop quite helpful and it enabled them to stabilize their cash flow.

[jansky]

very general ito ah
it depends kng saang province ka like you are earing around 20k pero don ka sa Baguio na person can live a decent life for 8k

and compare that to other city like here in Manila
you are earning around 50k but a single person can live a decent life for 15k or 20k

[pancitcanton]

No. 75k lang.
20k yung tax. Di na nga ako nagfa file ng OT dahil mas lalaki yung tax, tapos gov't lang ang makikinabang. Hehehe

Sinwerte lang cguro ako kaya laki ng sahod... Hehehe

Pre, IT manager ka ba sa inyo?

[Gen. Miting]

i'll share you the biggest secret for financial discipline, crunch those abs whenever you can.

i have already realized the culprit for our misplaced cravings, desires and wants. yun tyan yun, it makes our body and mind abnormal kaya kung anu-ano naiisip bilhin, gawin, gastusin to make things right. pero it gets worse

[Gerbo]

The biggest secret of financial discipline? Live within your means.

[beereo]

100k probably is enough to sustain a family of four. one can have enough money to save given such amount of money. it all goes back to a family's lifestyle. if you base your wants on other people's wants, then you're going to have a hard time computing your family's income.

[blu76]

tama, financial discipline lang yan.
kung di mo kelangan, wag mo bilhin, wag mo bilhin para lang makasunod sa trend, example na dyan yung mga hi-tech celfones wherein all we need from it eh makatawag at makatext.

ako may 2 kids na, both are still not in school kase maliliit pa, 4k/mo. kasya sa kanila, sila na mismo nagsasabi na kasya sa kanila yun kaya pabor sa kin dahil marunong magtipid ang pamilya ko so nakaka ipon ako.

wala kaming binabayaran na bahay or anumang hinuhulugan monthly (big effect sa budget ang may mo. na hinuhulugan)

i bought my cars both in cash para wala ng hulog-hulog pa. And i always make sure to buy only the "necessary" things for my family & myself.

[gelahascue]

TRUE! FINANCIAL DISCPLINE LANG YAN! Mabuhay ka sa kung ano lang ang kaya ng sweldo mo. May iba kasi makasabay lang sa mundo kung ano ano na ang gagawing pangungutang.

I have a family of 5 (2 college students and 1 pre-schooler) Ako naman here is our break down of expenses, my net income per month is Php180,000

14K- wet and grocery
12K- college allowance for 2
4500K- electric bills
broadband/landline- 1K
500- tv cable
500- SSS
3K- gas car
300- water
37K- housing ammortization
Total: Php 73,300 Take note para sa family ko thats our basic needs excluding pa dyan ang pasyal/and other "luho" saka yung semestral tuition ng mga bata sa college (both in private colleges) I can say proper budgeting and LIVE WITHIN YOUR MEANS talaga. Huwag gayahin ang lifestyle ng iba na can afford ng tig 2M na kotse, shopping dito shopping doon. Great inputs by the way guys!

[tidus1203]

Ako I say LIVE BELOW YOUR MEANS! Living within your means yes kaya mo but not a lot of savings and when you lose your job or your business fails san ka na pupulutin? The Americans learned it the hard way...

[gelahascue]

Ako I say LIVE BELOW YOUR MEANS! Living within your means yes kaya mo but not a lot of savings and when you lose your job or your business fails san ka na pupulutin? The Americans learned it the hard way...

you are right sir tidus1203.. look at the americans right now.

[OldSchoolHack]

The Americans are being advised to do a 90-10 way of life meaning 90 percent expense 10 percent saved.

The Chinese even before the explosion of capitalism in the mainland lived with 60-40 where 60 percent they spend and 40 percent they save. They have an enormous amount of reserved spending power.

Tayo? My guess most live beyond their means. I am guilty of this (looking at my credit cards all I can say is dumb, dumb, dumb). But Ondoy washed away so much of the things I spent for which you realize hindi mo talaga kailangan para mabuhay.

No matter what you earn, don't just live within or below your means. Live an 80 - 20 way of life. Spend 80 percent and save 20 percent.

That shiny new car, cable tv subscription, frequent dinner outside, out of town trips, latest upgraded celphone, toy electronics, nike shoes for the kids, glossy magazines and reading stuff, even the extra shirts and designer sunglasses...... all junk you and your family can live without.

Ondoy taught us that lesson the hardway.

[gelahascue]

The Americans are being advised to do a 90-10 way of life meaning 90 percent expense 10 percent saved.

The Chinese even before the explosion of capitalism in the mainland lived with 60-40 where 60 percent they spend and 40 percent they save. They have an enormous amount of reserved spending power.

Tayo? My guess most live beyond their means. I am guilty of this (looking at my credit cards all I can say is dumb, dumb, dumb). But Ondoy washed away so much of the things I spent for which you realize hindi mo talaga kailangan para mabuhay.

No matter what you earn, don't just live within or below your means. Live an 80 - 20 way of life. Spend 80 percent and save 20 percent.

That shiny new car, cable tv subscription, frequent dinner outside, out of town trips, latest upgraded celphone, toy electronics, nike shoes for the kids, glossy magazines and reading stuff, even the extra shirts and designer sunglasses...... all junk you and your family can live without.

Ondoy taught us that lesson the hardway.

superb! very well said sir! God bless you!

[legend2destiny]

Learn from the Ants, save save save & when time comes of drought/flooding that's when you'll appreciate all your hard work.

But still sometimes I'm dismayed that our income bracket there in pinas is still too low compare to the rest of the world. I have a staff here earning $1,200/month thats about Php 50K +++ sa pinas & to think that he is just a staff, a fresh graduate from pinas can do better performance wise. At the end of the day nothing beats saving a portion of our salary.

[TholitzReloaded]

Try reading Rich Dad Poor Dad by Robert Kiyosaki.
Also we should observe the formula:

INCOME-SAVINGS=EXPENSES

and not

INCOME-EXPENSES= SAVINGS.