How much money do you need to live in the Philippines?

When preparing to come and live in the Philippines many people worry about money. And I must say when researching the internet there pops up a lot of crap on the budget needed in the Philippines. A lot of information is outdated and written as a fact, and it is my strong believe there is no such thing as an actual budget needed to live here that fits all. For it, all depends on your lifestyle.

What might be a glamorous budget to me, can be poverty to you

A few tips on how to determine how much money per month you need when you plan on living in the Philippines

make sure you have backup savings for emergencies, and emergencies can be as much as having to leave the country in a rush due to calamities or unexpected medical costs, you need money for a rainy day.
search the internet for the latest information, look at publishing dates of articles and videos, for prices in the Philippines have gone up since January 2018 due to tax reformations and are still going up
know your budget at home, how much do you spend at home, especially on specific luxuries that you cannot live without. If there are certain luxuries that you absolutely need, add them to the budget you need for the Philippines
determine whether you want a luxurious lifestyle or clean up your life and live a minimalistic lifestyle, moving to another country can be a moment to clear out the attic but also to change your life.

Here are my budget and my main expenses

Budget	50,000 PHP	805 Euro	937 US$
Rent	17,000	273	318
Electricity +/-	700	11	13
Savings	10,000	161	187
Flexibel amount +/-	5,000	80	93
Total for food and drinks, clothing and fuel	17,300 PHP	278 EURO	324 US$