Tag Archives: wallet

Dollars vs. Pesos

The first thing you have to know is that I am pretty darn good at math. No, I am not talking about Boolean Trigonometry or Differential Calculus or some such crap. I mean basic addition and subtraction. I can even manage multiplication and division if I really have to. I grew up long before calculators replaced that nasty rote memorization we had in school. My point of all this is that I can pretty quickly convert dollars to pesos and visa versa. It’s even made easier at this point in time since currently a dollar is worth close to 50 pesos.

When Janet and I traveled to the Philippines in the past, I just brought with me my human calculator skills and could tell her “Hey that taxi ride only cost $3.” We eat out fairly often and rarely pay more than 500 pesos for the two of us for dinner (including my ceremonial one San Miguel). The 500 pesos sounds like at lot but its $10 equivalent sounds dirt cheap.

A couple years ago while visiting the Philippines I got into a conversation with the Filipina girlfriend of a friend. She said that I had to “stop thinking dollars and start thinking pesos.” I agreed with her in principal but it was hard to turn off the human calculator. Janet and I on our travels occasionally argued about what we had spent, particularly when it involved services. In one particularly famous and humorous occasion we felt that we got beat out of 300 pesos for a trike ride and did a lot of finger pointing at each other. Using my human calculator skills, I finally reminded her that “Hey, it’s only $6. We’d pay many times that for a cab in Portland.” But the truth is that at a certain level, that’s not the point. You are talking apples to oranges if you’re comparing prices between the Philippines and the US. In the end the Filipina girlfriend was right and I have to learn to take the 300 pesos for what it was – a bit of an overcharge. Today we have at times argued with trike drivers over an extra 5 or 10 pesos. It sounds ridiculously petty (which sometimes I am) but in the end sometimes it’s the right thing to do.

Janet has been recently trying to convince me that I need a coin pouch for going around Dumaguete; that pulling out my wallet all the time looking for change or small bills is cumbersome and potentially dangerous. We went into Robinson’s to look for a coin pouch. I saw a few for 50 pesos but they didn’t speak to me lol. Then I saw one for 59 pesos that I liked better. But we had to decide whether it was worth the extra 9 pesos. There’s no point in saying that 9 pesos is only – well, you figure it out – it’s only 9 damn pesos. The point still was that it was 9 pesos more and was it worth it? In the end I decided it was; and so did Janet. She wanted one too. So now I was shelling out more than double, when I could have just bought the crappy 50 pesos coin pouch. This is what we get for having too many pesos 🙂

All expats say that there is a big difference between being in vacation mode and living in the Philippines and this is one of the differences. I am retired, living on a modest fixed income and I have to learn to work with my finite amount of pesos and not think “ooo that’s so cheap compared to the US.” While it is cheaper, it’s cheap compared to a life in another country where I had a job that paid a hell of a lot more pesos than my Social Security check.

We have recently rented a house and will move there in September and it’s unfurnished. So we spent some time looking at the appliances we will need. We want decent quality since they will eventually move over to a permanent location when we buy a house. So we looked at a Samsung refrigerator in Janet’s favorite stainless steel and a Samsung washing machine. The salesman told us of the big discounts we will get because we are rich Americans using a rich American’s credit card. I tried not to calculate but I couldn’t help it; the prices sounded good even in US dollars. And remember these were not cheap Chinese appliances – they were cheap Korean appliances – or wherever Samsung makes their stuff. So now the salesman takes us to the most important item – the TV. He shows us a 49″ 1080p Samsung set – nice and again a nice price. But next to it is a 55″, 4k Smart TV and with an even fatter discount and in the end it’s really not that much more. I quickly calculated what we had saved on the fridge and washer, and looked at Janet who nodded her approval.

Oh and have I mentioned we recently ordered a car? That story will come later.

It’s possible I am not totally in cheapassed retirement mode just yet.