Living Expenses in the Philippines: A Review and the Role of Cash Loans


Living in the Philippines can be a challenging experience, especially when it comes to managing your finances. With the ever-increasing cost of living, it is essential to have a clear understanding of your expenses and explore available financial solutions to alleviate any financial pressure you may be facing.

In this review article, CashLoanPH will delve into the various aspects of living expenses in the Philippines, provide tips on how to save on costs, and discuss the potential benefits of getting a cash loan in the Philippines.

Living Cost in the Philippines

When it comes to determining the cost of living in the Philippines, several factors come into play. Your lifestyle, location, and family size are crucial considerations that influence your monthly expenses. Generally, the cost of living includes accommodation, transportation, food, clothing, utility bills, education, healthcare, and other recurring expenses.

In recent years, the cost of living in the Philippines has risen significantly, making it one of the most expensive countries to reside in within Southeast Asia. For instance, in metropolitan areas like Manila and Cebu, the monthly rent for a two-bedroom apartment can soar as high as $1,000. According to NUMBEO, a reputable website that ranks countries and cities based on quality of life, pollution, and health, a family of four in the Philippines needs an average of 102,006 pesos (equivalent to USD 1,790.15) to cover their monthly living expenses.

Accommodation Costs in the Philippines

Accommodation expenses form a significant part of the overall living cost in the Philippines. The rental prices vary depending on the location and the type of property. In the city center, a one-bedroom apartment can cost around 15,000 pesos per month, while a three-bedroom apartment in the suburbs may be rented for approximately 40,000 pesos. Luxury apartments or villas in prime locations can have monthly rental costs reaching up to 100,000 pesos.

Food, Travel, and Utility Expenses in the Philippines

Food costs in the Philippines are relatively affordable compared to other countries. Eating out at local restaurants can cost around 200 pesos for a typical meal, while a quick meal can be as low as 100 pesos. Local wine or beer is also reasonably priced, typically costing around 40 pesos.

Transportation costs in the Philippines vary depending on the mode of travel. Public transportation, such as buses and trains, offer affordable fares of about 15 pesos per trip. However, taxis tend to be more expensive, with fares ranging from 100 to 150 pesos per kilometer.

Utility bills, including electricity and water, are recurring expenses that need to be considered. On average, a family of four in the Philippines can expect to pay around 3,000 pesos for their monthly electricity bill and approximately 900 pesos for their water bill.

Tips to Save on Living Expenses in the Philippines

Given the high cost of living in the Philippines, it is essential to adopt strategies that can help you save on expenses. Here are some practical tips:

Create a Specific and Clear Spending Budget

Creating a detailed budget is paramount to understanding your monthly expenses. By setting a budget and sticking to it, you can ensure that you do not overspend on unnecessary items.

Purchase at a Cheaper Price

To save on costs, consider buying food and supplies at local markets instead of supermarkets or shopping malls. Local markets often offer more affordable options. Additionally, keep an eye out for promotions and discounts to buy items at a cheaper price. Don’t be afraid to negotiate for better prices when shopping. While these savings may seem small initially, they can add up significantly over the course of a month.

Avoid Unnecessary or Luxury Purchases

While it is tempting to take advantage of discounted prices, it is crucial to evaluate whether you genuinely need the items you are considering purchasing. Avoid buying unnecessary or luxury items, even if they are available at a lower price, as they can contribute to wasteful spending.

Build an Emergency Fund

Despite the high cost of living, it is essential to set aside a portion of your income each month to build an emergency fund. Allocating approximately 10% of your income towards this fund can provide a financial safety net for unexpected emergencies such as accidents, pandemics, unemployment, or economic crises. Having an emergency fund in place can help protect your personal finances and provide stability during uncertain times.

What Can a Cash Loan Philippines Help You With?

In the context of the current expensive living cost in the Philippines, many individuals find themselves under significant financial pressure every month. This is where a cash loan in the Philippines can come to the rescue. At Digido PH, they offer cash loans in the Philippines with a limit of up to 25,000 pesos, which can be disbursed on the same day. These loans can provide you with quick access to funds to address urgent expenses and financial difficulties.

The flexibility of repayment terms offered by Digido’s cash loans in the Philippines can help ease your financial stress. With extended repayment options and the ability to divide the loan into manageable monthly installments, you can find a repayment plan that suits your financial situation. At Digido, they are committed to providing transparency regarding interest rates and any associated costs, ensuring that you can make an informed decision when choosing a cash loan in the Philippines.


In conclusion, despite the increasing living expenses in the Philippines, it remains a desirable place to live. By implementing a well-organized financial plan and effectively managing your personal finances, you can enjoy a comfortable life. If you find yourself in need of a cash loan in the Philippines, please consider contacting Digido PH for a reliable and transparent financial solution.

5/5 - (10 votes)
CashLoanPH Changed status to publish 18/07/2023
Skip to toolbar