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BGC – Cost of Living Update (May 11, 2019)

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So, I got my first water + electric bills for my personal residence in Bonifacio Global City (BGC)… Prior to that, about a month ago, I provided readers with the following projection on the cost of living (i.e. housing).

Here it is, again… projected housing expenses…

Here’s actual conservative reality (up to now)… housing expenses…

And I “over-budgeted” for water + electricity, still, just you know, in case there’s ever a month when I decide to go buck wild and use a lot more than normal…

But for the ever-so-curious readers, here’s the “exact” bill I received from Meralco

104 kWh of power consumed…

Yup, 1,109.90 PHP (~$21.26 USD) for about ~3/4 of a month (since billing period ran from March 28 up to April 27, and I didn’t move in and start using stuff until April 4)… So yeah, feel free to try and extrapolate what the bill might be for an actual FULL MONTH of usage, if you want to…

For myself, I just figure, my electric bill really shouldn’t eclipse 3,000 PHP/month (~$57.46 USD/month)… which would be perfectly ok with me…

Seems reasonable enough for as often as I’m running the fan + air con (which is a lot!)…

As for water, it’s a bit simpler, since for whatever reason, this particular apartment complex that I’m living in decided to use digital/binary logic, in calculating monthly consumption costs…

See below…

I got billed 256.02 PHP/month (~$4.90 USD/month) and was kinda assured there’s really no way consumption for 1-2 people would ever really eclipse 10 on the chart shown above…

But, really what do I know until I live in the unit for a few months and get better situated?

So, to err on the side of being conservative, I just said, let’s budget 18 on the chart, which comes out to 500.74 PHP/month (~$9.59 USD/month)…

I mean, water is so freekin cheap in the Philippines (relative to California, for example), I’m probably NOT gonna sweat the technique and monitor my usage like crazy…

As for non-housing related expenses?

I still believe the following, which I computed last time around, is still reasonably accurate for my own lifestyle…

All in all, less than $1,100 USD/month (for a simple/modest dude) to live very comfortably in a World Class Tier 1 global metropolitan city!

That’s winning, in my book…

But hey, different strokes for different folks, so yeah, just figure out what works best for your own unique situation.

 

I’m just sharing my own personal experience with you all, and I really hope you’re enjoying these updates.

 

Fight On!

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{ 2 comments… add one }
  • Dividend DiplomatsNo Gravatar May 12, 2019, 10:05 am

    FI F –

    Pretty awesome. Luckily for electricity – you can control part of that expense by what you end up using/plugging in, etc.. Glad to see you came under budget!! That per month expense is incredible, by the way.

    -Lanny

    • FI FighterNo Gravatar May 13, 2019, 5:05 pm

      Lanny,

      Thanks for stopping by. Yeah, electricity usage can be controlled quite a bit, although cutting out air con would be really tough especially during the summer months.

      All in all, costs were lower than I expected, so gotta like that. 🙂

      Cheers!

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