If they send using Western Union the fees are kinda high. But sending money to me via local Taiwan ATM is only NT$15 or so and then me sending Dianne money via LBC is maybe what another 20 Pesos. So I made the suggestion in the interest of minimizing transaction costs. I would have thought your parents wouldn't mind taking a quick trip to a local ATM for the sake of their grandson.Winston wrote:I don't want to bother my parents to do this. If I did, I can just have them go to Western Union and send the money to Dianne, rather than have them send money to you.Rock wrote:Winston:
1. Marcos is right about borrowing money. It's dangerous here. Typical interest charged is 10% per month on unsecured borrowing! So you should not be sending them less than they need.
US$350 per month (~Pesos16,000) is very reasonable (I'd say quite on the low side) to provide for a child in school plus some of his caretaker's (mother's) needs. By underfunding them, you are setting them up to be buried in a hole of debt. That's similar to what happens to so many Americans. But the difference is that in USA, 10% per month would be usury. Not so here where it's accepted in common practice and even legal.
2. From now on, just give Dianne enough to meet the full needs of your child and baby momma. Never give her more than a month at a time though.
Set up a mechanism so that you can transfer money to her automatically. One way to do this would be to open 2 Peso bank accounts - one in her name and one in yours.
I would recommend you open both accounts at a BDO branch near Dianne's residence. Then apply for and activate online banking for both of you and then enroll her account so that you can make automatic transfers each month online. Also make sure your BDO account has a nice buffer of savings so that you will always have enough to make the monthly transfers.
3. This is not the first time I've helped Dianne this way but I hope it's the last. Set things up properly so we never have to go through this again.
a. Have your dad deposit NT$ equivalent of US$100 into my Taipei Fubon account via ATM just like last time. I can check whether or not the money was received from him via online banking.
b. After he has done this, give me Dianne's relevant information so I can send her Peso equivalent of US$100 via LBC.
I do have a BDO account. But how can I wire dollars from the US into my BDO peso account? I don't get it.
How do most guys send money to the Philippines?
I don't like having to be responsible for everything, especially since I am not married to Dianne and am seeking a real wife that is more compatible with me. I hate it when people are totally helpless like her with 0.00 of their own money. Ridiculous and extreme. Unbelievable. Abnormal.
Lots of Filipinos get by with no money. So why is it so important to support them?
As for your BDO Peso account, it's easy to wire money from overseas. You simply get the wiring instructions including SWIFT code, Account Number, Account Name, and Branch Address, go to your bank overseas, and execute a USD wire transfer using this information. Once the USD arrives in Philippines (usually takes 1-2 days from day you execute transfer), the bank will automatically convert the USD to Pesos at prevailing rate and deposit them into your account.
If you had a Charles Schwab account funded with your savings, you could even execute wire transfers like this simply by printing out a fax form, filling in the sending and receiving account info, signing it, and then faxing it into their international wire center.
You act like Dianne is squandering huge amounts of your money. You know she doesn't work, she's a stay-at-home mom. She is what she is. But she's also the mother of your child. Get used to it cus that's never gonna change. You wanna abandon Angelo or keep providing for his needs?
If it's the latter case, then do it wisely. The bank stuff is easy to set-up if you invest a bit of time and effort into it. It's certainly a lot simpler than setting up and running a website so I know you can do it if you just try a bit. I transfer money to and from BDO in Philippines frequently and do the same with banks in certain other countries. It's not rocket science. You just need to do the legwork to set things up.
Do you want your son to grow up the same way many poor Filipino kids in the provinces do? Or do you want a better life for him? Are you just gonna write him off as a low quality gene pool Filipino and contribute reluctantly at below his minimum needs with such an attitude? One day, he may read all these posts. How do you think he will feel then?
You may criticize Mr. S for hating people. But at least he has decided to step up to the plate 100% for his child who was not even intentional. Yours was. So it seems strange that you wanna mix your anti Filipino rants with personal matters regarding your son and baby momma.
Plus he spent much of his time in Angeles where even if a girl isn't a bar girl, she's learned what to expect from foreigners.
) that in general older guys like the place. In my 30s and 40s it took me years to get used to the girl paying or splitting the check on a date. I go to the Philippines and the attititude is comparable to when I was in my 20s - the guy pays.