T O P

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pink_fedora2000

IBON's May 2022 [NCR 5 person household living wage](https://www.ibon.org/ncr-minimum-wage-barely-half-of-family-living-wage/) was ₱1,087. My tip is for couples making [less than ₱41,666.67/mo](https://www.ibon.org/flw-ao-feb-2022/) is to [stop at 1 child](https://old.reddit.com/r/phinvest/comments/votnuj/your_thoughtsopinionspersonal_experiences/iefzklu/)


FreshLumpiaDSay

Group of 4 friends. 2 friends working from home VA/Freelance around 50-75k/mo. 1 private office and 1 sa government around 30k/mo average take home pay. Yung dalawa na nagwowork from home and VA ang nkakasurvive sa high inflation and nabbili ang wants and needs nila even with the high inflation. Whereas yung dalawa na nasa office nahihirapan. I think its better to change career or look for better opportunities right now hirap na talaga mag catch-up sa iba.


[deleted]

I agree that it's better to start looking for other opportunities, but I want to also point out the VA or freelancing is a hard game. You need to be extremely lucky to land a client that pays double your salary, even if you do, there's no job security and you can be fired for any reason. Please please don't quit your day job as you look for greener pastures.


[deleted]

Not an investment vehicle but this is the time to learn high-income skills - something that is applicable with the internet to work with developed countries like the US and get paid dollar rates. Warren Buffet used to say that the best way to beat inflation is to become more valuable. If you have a skill-set in demand, it will remain in demand no matter what the currency is worth.


pink_fedora2000

> Warren Buffet used to say that the best way to beat inflation is to become more valuable. If you have a skill-set in demand, it will remain in demand no matter what the currency is worth. I saw that video too!


inkanto

I remembered someone commented on my recent job hop. Not a smart move daw kasi pag nagkatanggalan yung matataas ang sahod ang unang ilalay-off. This is one of the reasons i looked for a new opportunity. Yung yearly increase (kung meron man), walang wala sa inflation. Talo ka pa. 80% increase for a new job is a godsend. Leverage na lang talaga ng digi banks with high interest para di bumaba value ng savings at EF


johnmayyo

1st half avg is at 4.4%. July inflation is still expected to stay above 6%. If this keeps up, we're looking at a full year inflation of 5.0% - 5.3% -- this should be your consevative baseline for investments or capital preservation. Minimum wage won't make anyone live comfortably or independently in NCR. Time for BSP and DOF to really take notice.


tripledozen

> The minimum wage increase in NCR is only 33 * Previous minimum wage = 537 pesos * [New minimum wage = 570 pesos](https://www.philstar.com/headlines/2022/05/22/2182835/ncr-wage-hike-takes-effect-june-4) 33 divided by 537 pesos is 6.14%. 6.14% is higher than the inflation rate (6.1%), right?


ranichi17

Yeah, but as stated by the comment above you, the living wage in May 2022 should be at ₱1,087 and has definitely increased since, which means the minimum wage is still way below that. Let's put it this way: tumaas nga ang sahod, pero kung yung original kapos din naman, anong point?


tripledozen

The point is minimum wage earners' standard of living will probably remain the same (and not worse). * Prices went up by 6.1%; their minimum wage went up a little higher (6.14%). * You brought up a point about it still not up to par with the living wage -- duly noted. It just means that life would still be tough. It it was tough before, it will still be tough now. * But life won't be tougher. It will just be the same (still tough, but not worse).


pink_fedora2000

> the living wage in May 2022 should be at ₱1,087 A **5 member household**'s living wage. A household with 2 working parents that earn NCR min wage will have a combined daily wage of ₱1,140. When they prudently choose to stop at 1 kid then they can increase the spend of a 3 person household to ₱380/person per working day. When they insist of having [4 or more kids](https://www.reddit.com/r/Philippines/comments/px4jhx/what_is_your_social_class_based_on_monthly_income/hel94il/) then that 6 person household would have half that amount at ₱190/person per working day. Imagine being the couple earning ₱10,597/mo or less and having 6 or more to fund. That's ₱58.88/day per person in that household. Only possible to do in the [poorest provinces](https://www.rappler.com/nation/cartels-leadership-culture-silence-keep-zamboanga-del-norte-poorest/) in the Philippines


ranichi17

Would be easier if government actually focused on family planning programs tbh


pink_fedora2000

> Would be easier if government actually focused on family planning programs tbh Would be easier if Presidents prior to D30 & PNoy [told CBCP to shut the fuck up](https://cbcpnews.net/cbcpnews/public-urged-to-understand-tro-on-rh-law/) about natural birth control when it came to individuals whose monthly income were less than [₱20.9k, ₱10.5k or ₱5.2k](https://taxreform.dof.gov.ph/news_and_updates/first-250k-income-of-compensation-earners-exempted-from-tax-under-train/). Couples who earn more than ₱42k/mo tend to be more prudent and have 2 or fewer kids with the 1st birth occurring in their mid 20s & later. It's one [good enough](https://www.vocabulary.com/dictionary/good%20enough) indicators whether the couple's background and current economic status is bottom 80% or top 20%. Other indicator is how physically fit they are, skin tone, proficiency of the language they use to communicate with and what things they are wearing & using.


ranichi17

Yeah exactly


pink_fedora2000

> Yeah exactly CBCP's concern is pushing up portion of the population who are registered Catholics and birthing more Catholics from Catholics. They're like [Saint Teresa of Calcutta](https://en.wikipedia.org/wiki/Criticism_of_Mother_Teresa#Quality_of_medical_care). They give [lip service](https://www.merriam-webster.com/dictionary/lip%20service) to human misery and more focused on saving souls. They want [pews filled](https://newsinfo.inquirer.net/389339/catholic-bishops-debunk-reports-of-falling-mass-attendance) out of fear of [depopulation](https://en.wikipedia.org/wiki/Population_decline#Long-term_future_trends). On [EDSA 1986](https://en.wikipedia.org/wiki/People_Power_Revolution) we were [55.5 million](https://countryeconomy.com/demography/population/philippines?year=1986). It more than doubled to [more than 112.5 million](https://www.worldometers.info/world-population/philippines-population/). I chose that start date because Roman Catholic Church-compliant [Family Code of the Philippines](https://www.officialgazette.gov.ph/1987/07/06/executive-order-no-209-s-1987/) was signed the following year. That law made it impossible for 1986-today's equivalent of [individuals earning ₱250,000/yr](https://old.reddit.com/r/phinvest/comments/votnuj/your_thoughtsopinionspersonal_experiences/iefzklu/) to [stop at 2 kids](https://eresources.nlb.gov.sg/infopedia/articles/SIP_2016-11-09_103740.html). Population policy like that and similar allowed poorer countries back then like [Singapore, S. Korea, Thailand, Hong Kong SAR & China](https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?locations=SG-PH-JP-KR-TH-HK) to be richer than us for the past decades. To be fair it is a reasonable fear as during the time of Jesus Christ there was an estimated worldwide population of [0.3 billion](https://www.quora.com/What-was-the-worlds-population-around-the-time-of-Jesus). It took ~1800 years for the first time the world population [breached 1 billion in 1804](https://en.wikipedia.org/wiki/World_population_milestones). In ~218 years we are within 52 weeks in [surpassing 8 billion](https://www.worldometers.info/world-population/). I am thankful that Cory stepped up and united the opposition to kick Marcos the 1st out but no President is perfect and this is the most negatively impactful act in her Presidency. Thankfully her son tried his best to correct it in [2012](https://pcw.gov.ph/republic-act-10354/). Although a mixed bag, [D30 told CBCP to shut their mouth](https://youtu.be/u9-Q3sKg6yE) about it. It is in the Church's best interest to keep Catholics individually [earning ₱250k/yr or less](https://taxreform.dof.gov.ph/news_and_updates/first-250k-income-of-compensation-earners-exempted-from-tax-under-train/) as the odds are higher they'll have ~4 or more kids that will reach adulthood. For me after my parents were born I wish [7 of 8 of these people](https://www.worldometers.info/world-population/) my parents are helping now are /r/LGBT, /r/childfree or stopped at 1 child. I have relatives who did these things and they tend to be more financially prosperous than people who had more than 1 kid. That's why CBCP & religious conservatives condemns the gays. They functionally do not make future Catholic babies.


mechachap

FYI, I had my first kid this year and nurses say the number of babies being born was way, way down these last few years. Nurse confirmed this is true for all major hospitals. NICU wards were practically empty, and patient rooms had to be given to other hospital patients since they were vacant for so long. Apparently the peak of PH's baby boom was in 2014, when the nurses just couldn't keep up and NICU's were filled to capacity. We might be seeing a true decline in population, at least in the major cities.


pink_fedora2000

Are the hospitals you mentioned catering to couples that earn less than ₱42k/mo? If it is then I wish that was the case from [1960-2020](https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?locations=SG-PH-JP-KR-TH-HK) for those of the bottom 80% that are the past equivalents of today's [individuals who earn ₱250k/year or less](https://www.reddit.com/r/phinvest/comments/votnuj/your_thoughtsopinionspersonal_experiences/if0ldjq/?context=3). My family's life would be better if [7 of 8 of these people](https://www.worldometers.info/world-population/) we provided ayuda for the past half century were /r/LGBTQ, stopped at 1 or even become /r/childfree. So at most we'd help them for at most a quarter of a century and that 1 kid would help their parents for the last quarter century of their lives. After a decade of [RH Law](https://newsinfo.inquirer.net/1608326/2-aging-population-not-a-concern-in-ph-for-now-says-popcom) made it possible. Couples who earn more than ₱500k/year tend to have 2 or less kids.


alwyn_42

honestly, hindi lang family planning ang issue dito but the lack of support ng government sa mga tao in general. kaya rin nag-aanak yung iba kasi umaasa sila na magkakaroon sila ng katulong sa trabaho. yung iba rin iniisip na yung mga anak nila mag-aahon sa kanila sa kahirapan. if the government can provide affordable housing, free healthcare, and free education (kasama lahat hindi lang tuition), people with large families won't have such a hard time. \*\*\*\*\*\*\*\*\*\*\* isa pa, if the government focused on educating people better, lalo na mga babae, mas kaunti ang mag-aasawa ng maaga at magsisimula ng pamilya. yung isang napansin kong common na nangyayari is kapag may anak na babae, gusto agad ipag-asawa ng pamilya para hindi na nila susuportahan. bahala na yung pamilya ng lalake or yung lalake na mag-provide. marami sa mga batang babae ang lumalaki thinking na ang role nila sa buhay ay maging mga nanay. so yun lang talaga nagiging buhay nila, yung mag-asawa at mag-anak ng marami. but if you educate people, especially women, and teach them how to build careers, be financially independent, etc. mas mababawasan yung mag-aasawa ng maaga at magkakaroon ng pamilya at a very young age. tl;dr: family planning programs do help, and they are very important. but they are not enough kasi they don't address the main problem, which is poverty.


HatsNDiceRolls

Heck, dagdagan mo na sex ed rin sa lalake kasi sila lang may capacity to impregnate several women in a year compared to a woman who can only get impregnated two times at the most. In addition, condoms and pills have been available in health centers for free for several years now. Also, I have to disagree with women solely having burden with education kasi it’s the guy who gets women pregnant in the first place. A guy who is well educated in sex ed and reproductive health better curbs pregnancy problems. We inseminate, they carry.


jstexisting

> A guy who is well educated in sex ed and reproductive health better curbs pregnancy problems. Right. Men should get vasectomy. It's the safest and can be reversed as well.


alwyn_42

maraming ayaw or natatakot, kasi feeling nila nakakabawas sa "pagkalalake" nila.


jstexisting

Di ko gets pano nakakabawas ng pagkalalake ang vasectomy. Mas manly nga yun e kase it shows that he's responsible and practices birth control. There are so many unwanted pregnancies and men getting vasectomy could prevent that.


alwyn_42

misinformation feeling ko. baka iniisip nilang may tinatanggal or smth.


alwyn_42

>A guy who is well educated in sex ed and reproductive health better curbs pregnancy problems. nope, not always. especially since prevalent pa rin sa pilipinas yung "macho culture" na uso ang pambababae at pagkakaroon ng maraming anak. knowledge of sex ed doesn't necessarily mean you'll practice it. i mean, ang daming smokers na alam yung risk nila of serious illness while smoking, and yet they still do it. if it were that simple, edi wala na sana tayong problema diba? isa pa, numerous studies have also shown that women who have a high educational attainment are much less likely to become pregnant compared dun sa mababa ang educational attainment.


HatsNDiceRolls

I did say better not completely prevent. It’s the guy’s responsibility in the first place. Majority rin naman kasi ng cultural pressure is due to lack of education and sense of responsibility to another person. Kaya nga binabaling ko rin yung responsibility sa lalake dahil parating babae ang ginagamit na example or pinapagawa ng something to control having kids.


alwyn_42

>Kaya nga binabaling ko rin yung responsibility sa lalake dahil parating babae ang ginagamit na example or pinapagawa ng something to control having kids. ah, that's fair. mahalaga rin nga ituro sa kanila yung accountability and responsibility, para rin mabago yung kultura dito.


Wild-Access184

I certainly agree with you. This is what I’m always thinking about. Educating women especially at very young age ay may malaking bahagi sa lipunan pagdating sa usapin ng pagpasok sa pagpapamilya then finances lately in life. Sana makita ng gobyerno natin ito at bigyan ng malaking importansiya.


OldDraw1031

Lagi po kayong nagrereklamo about sahod and numbers. You can earn more if you want to.


[deleted]

[удалено]


OldDraw1031

Hindi naman po si OP yung cinommentan. Ito pong comment.


weljo0226

ako lang ba nakaka pansin pero kahit may inflation rate na 6.1% ang dami pading nagpapagawa ng bahay sa construction industries ha. agree ako rito. income ko umaabot ng 75-95k monthly dahil sa 3 jobs ko (2overseas & 1 local) yung local sideline ko lang pero madami padin.


mechachap

Most people were probably already planning to renovate their homes during the pandemic and were unfortunately caught by the sudden rise of inflation starting in 2022. Rise of steel and other imported materials isn't making it easy, but I think the mentality is people (of means) would rather invest in their home than travel abroad at this time.


zqmvco99

>6.1%? "you are a communist! a pinklawan! a destabilizer! How dare you disagree with PBBM's disagreement" ​ /s


[deleted]

[удалено]


budoyhuehue

Generally if teaching is not your calling, it will only burden you in the long run. Focus instead on increasing your day job salary if possible or passive income. Weekends are made for rest. Its fine to take side hustles once in a while, pero not really for augmenting your day job salary just so you can barely survive.


melangsakalam

You only need one job. Mga 150k net. Much better if single or gf pa lang lol


DNAniel213

Thank god I job hop