Quote:
Originally Posted by etsys
500 $ can last for a family of 6++ for more than a month.
The problem is, once the family see overseas remittance, they stop buying in Palengke and go to Atas Super market, and no more street food- it is pizza, and all restaurant meals.
Of course, then 500 $ not enough.
Most middle class in Philippine make do with 500 $ or less, but the poorer class need more than that - makes lot of sense.
I don't go into financial advise for such people  |
i agree with u, having a filipina gf myself, her family is doing quite well. but i can see how her relatives/friends live their life, very very poor financial planning. literally just spend whatever they earn, have no concern at all about the future. $500 is around 16-17k there, 1 meal can be as low as 10-15p over there. i have 0 sympathy for most people in philippines that complain that got not enough money, the truth is, they do, but they dont plan. just a note, 16-17k is also the starting salary of most fresh grad there.
just like over here, some buy above their means, swipe credit to buy their LV's and pradas until bill explode, die die want to drive car. will u take a pity on those people?