Typical Filipino Depositor’s Bank Balance...

[kagalingan]

tsikoteers yung sinasabi ko mabilis makatanda pag utang/madami credit card eh dahil majority pinoy hindi marunong gumastos. Nung early year 2000 nauso mga seminar about jan pinagsasabihan yung madalas daw "kumaskas" Natawa ako doon dahil nakisilip lang ako may mga gunting pinag-gugupit mga creidt card.

kung kaya mo handlein madami credit ok lang pero for the majority hindi yaka ng noypi.

Its ok to have a card if itreat mo as cash pero kung tingin mo advance money eh good luck.

[carwhacko]

Hahahaha! Marami pa rin mas excessive kesa sakin. Anyway, I don’t let my money sleep sa bank kaya siguro rin nakakaluwag at nakaka afford ako ng mga kelangan at gusto ko. [emoji4]


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[shadow]

Most dont have financial problems to begin with, it shows its ugly head when:

1. Medical emergency
2. Family member loses a job
3. Death of a love one

Too many factors, if one has existing domestic loans like car and housing..on top of the tuition, food and utilities..those are constant variables, tapos fixed salary, what if a parent or spouse is sick, a new baby or a new girlfriend?



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Not financially secured, that's why and barometer ko ng may kaya talaga is pag meron medical emergency na kailangang gumastoa ng millions sa hospital bills.




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[shadow]

Most dont have financial problems to begin with, it shows its ugly head when:

1. Medical emergency
2. Family member loses a job
3. Death of a love one

Too many factors, if one has existing domestic loans like car and housing..on top of the tuition, food and utilities..those are constant variables, tapos fixed salary, what if a parent or spouse is sick, a new baby or a new girlfriend?



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Paycheck to payheck. So walang savings. Financial issue pa rin.


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[dr. d]

i have only one CC.
tanong nung CC pusher, "would you like the convenience of another one... ours, perhaps?"
"nope. i don't need it. i hardly use the one i already have."

[CVT]

sa Texas mura.. kabibili lang nang barkada ko nang house with pool for 400K.. wala pa palang state tax don.. kaya madami nag move sa Texas..

Yes, a lot are moving in to TX because of the lower standard of living.

Above Median/Average household income in TX is about $80K; take home is $62K; Car is $25K

So, ratio of house+car+educ to take home pay is at 6.8: 1

Still, higher than the Phil's 4.7:1

Again, huwag lang maluho, mas magaan sa Pilipinas, may savings ka pa....

[_Qwerty_]

masyado yatang mataas yang 70K per month tapos x 2 pa? mas realistic eh mga nasa 30K a month x 2 siguro..

Presyo ng bahay sa US - $500K - Midwest - low interest in the US
Presyo ng kotse sa US - $25K
Annual Sweldo ng dalawang nagtatrabaho sa US - $120K - $60K per year x 2
Take home approx $94K
Libre education hanggang HS
Ratio of House+Car+Educ to Annual Take Home = 5.6:1 - pag sa Bay Area na P1M ang bahay - 10.9:1

Presyo ng bahay sa Pilipinas - P5M - condo in MM - high interest in the Philippines
Presyo ng kotse sa Pilipinas - P800K
Tuition at baon ng bata sa school per year - P100K
Annual Sweido ng dalawang nagtatrabaho sa Pilipinas - P1800K - P70K per month x 2
Take home approx P1260K
Ratio of House+Car+Educ to Annual Take Home = 4.7:1

- mas magaan dalhin ang Pilipinas.... Huwag lang maluho.... may savings ka pa

[CVT]

masyado yatang mataas yang 70K per month tapos x 2 pa? mas realistic eh mga nasa 30K a month x 2 siguro..

Ang baba mo namang magpasweldo, bro...

Again, comparing middle income families (professionals from both sides of the globe) living in the Metropolis.... Take note- household income in the US is $120K...

If not true with their current situation, then the tsikoteers can do their own math,- just a template for their individual comparison....

[_Cathy_]

masyado yatang mataas yang 70K per month tapos x 2 pa? mas realistic eh mga nasa 30K a month x 2 siguro..

Living in a bubble si CVT

30k each more realistic nga for a middle class family

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[boybi]

Minimum lang yung $30K/yr income.

If talking about middle class, should be more than $60K/yr

[CVT]

Living in a bubble si CVT

"What would they do

If they found out we were through

With the little lies and

The downtown aggravations?

That we traded them away

For a quiet country day

That we had hoped to share

Would they try to find out

Where we were?...

Or... leave us alone....?"...

[_Cathy_]

Minimum lang yung $30K/yr income.

If talking about middle class, should be more than $60K/yr

Pesos for Filipinos. Monthly income P30k x 2 (dual income home)

[CVT]

Minimum lang yung $30K/yr income.

If talking about middle class, should be more than $60K/yr

Consistent with my ballpark number for middle class - 2 working in the household - $120K per year....

So, should be compared with the equivalent middle class income in the Philippines - professionals,- IT/FMCG/Shared Services etc - 2 working in the household....

[uls]

di naman po pera pera lang when comparing life here and life in the US or in other developed countries

You wanna live in a developed country coz mas may value ang human life doon kesa dito

mas competent ang gobyerno and other non-monetary factors

[_Cathy_]

di naman po pera pera lang when comparing life here and life in the US or in other developed countries

You wanna live in a developed country coz mas may value ang human life doon kesa dito

mas competent ang gobyerno and other non-monetary factors

I am starting to love driving again. Wala kasing motor and the drivers are courteous. Pero pinaka relief ko WALANG MOTOR na bastos. Ang daming magagawa in one day dahil mabilis ang travel, mabilis ang errands.

BILIS ng government services. I went to the social security office, done in less than 30 minutes. I received my card FASTER than the estimated date. Customer service is EXCELLENT. I returned items on Amazon and my reason was I saw a lower price, picked up the item at home and had the refund the next day!

I hate their banking rules though...

[dr. d]

...practical, too.

i once went to a government office there, to request for something.
at the window, the person says, "i'm sorry. you got to have this...xxx... for your request. it's available at the window over there.. then he whispers, "wait here". then he walks over to the other window, does something, and comes back. "ok, fill up the checked blanks, and we're free to go".
"gee, thanks!"

[CVT]

...practical, too.

i once went to a government office there, to request for something.
at the window, the person says, "i'm sorry. you got to have this...xxx... for your request. it's available at the window over there.. then he whispers, "wait here". then he walks over to the other window, does something, and comes back. "ok, fill up the checked blanks, and we're free to go".
"gee, thanks!"

Punta kayong Maynila,- may malaking pagbabago na.....

So, magkano ang average na balanse ng mga Pinoy sa kanilang mga bangko?

[uls]

value of human life --> compare emergency services in developed countries vs emergency services here

[_Qwerty_]

you can not compare yung middle class sa US sa middle class dito sa atin.. ang minimum dito less than 600 pesos per day.. and minimum sa US eh $15 per hour..

look at the big mac index.. 1 day's minimum salary here can only buy 6 Big Mac's.. a day's minimum salary in the US ($120) can buy 34 Big Mac's..

Consistent with my ballpark number for middle class - 2 working in the household - $120K per year....

So, should be compared with the equivalent middle class income in the Philippines - professionals,- IT/FMCG/Shared Services etc - 2 working in the household....

[CVT]

you can not compare yung middle class sa US sa middle class dito sa atin.. ang minimum dito less than 600 pesos per day.. and minimum sa US eh $15 per hour..

look at the big mac index.. 1 day's minimum salary here can only buy 6 Big Mac's.. a day's minimum salary in the US ($120) can buy 34 Big Mac's..

So, bro., why can we not, as even if they have different salary levels,- the areas have different standards of living? Same is true with those living in CA vs. those living in TX. Why can we not compare them? What I presented is a template, not based on any journal or study- house+car+schooling,- which are fairly necessities and statics in an area. Of course it can be expanded with other variables like petrol, toll, food, helps etc.

Am no Economist, but IMO, the highly celebrated big Mac index is heavily flawed, because it is not totally dictated by the prevailing market forces in the area- but is dictated by the profit chart of a company,- which we have no knowledge of. But more importantly, people everywhere have multitudes of options where to get their meal.