I've seen lots of entries in the Philippines in here. Yes, cost of living is very low, but if you want to maximize what you earn AND spend, I'd definitely stay away from city proper and live near beaches, preferably on Palawan or somewhere in La Union. If the average signature campaign pays about $70 a week, believe me, you can still get a decent, 1-bedroom house on these parts and still have plenty for groceries, utilities, and some beer money.
I did try it once, though with $400 a month just from signature campaigns. I managed to pull through and still have $50 to spare. I lived in Pangasinan (close proximity to La Union) and enjoyed my stay without getting hungry or even feeling like my budget of $400 will be out before I finish the month.