Tuesday, October 21, 2014

The Dream (for now)

I have this recurring dream of setting up my own law office where I will specialize in happy cases like adoption and maybe have a retainer or two to keep my balance sheet happy. And ever since I stumbled into the world of personal finance and financial planning, my dream now also includes being a financial planner, helping people find financial freedom. A small law office that takes on adoption cases and dispenses financial advice. Why not right?

To make that happen I have set up the following goals for myself:

Thursday, October 16, 2014

Food Talks

I revisited an old entry on our monthly household budget and I was ashamed when I saw how much we were regularly spending on eating out alone, an average of Php8,000! Ulp. 

I'm happy to say though that we have since then slashed our restaurant budget in half and for the first time ever, we even managed to go under budget last month. For the past few months, we would go above our restaurant budget by a few hundreds or a thousand pesos or so, but last month, we actually had a few hundreds to spare, and we're also on the right track this month. Woohoo!

Wednesday, October 8, 2014

Suggestions Needed

I'm about to interview an aunt based in California who is 2-3 years away from buying a retirement home in CASH. I'm currently working on the questions that I want to ask her and I'm honestly stumped. I didn't realize that coming up with interview questions was that difficult:p

That's why I'm reaching out to my readers, if you have any question(s) that you want to throw her way or any suggestions about what I can ask her, just leave it in the comments section below.


The image above is not their actual retirement home, it's just a stock image from Share Design.

Friday, October 3, 2014

Third Quarter Net Worth Report

Alrighty, it's that time of the year again when I crunch our numbers and assess our financial performance, if we've been naughty or nice with our finances. Thankfully, we didn't go through any more shake-ups this quarter, as we focused all our attention on trying to gain our footing back after buying the condo unit next door. In short, the last three months have been about rebuilding and recovery, kind of like cleaning up after a big earthquake.

Tuesday, September 30, 2014

Everything's on the Up and Up!

Our emergency funds are still nowhere near our target, I stopped contributing to my FAMI-SALEF account early this year and I haven't made extra payments towards our mortgage because debt repayment is foremost on my list. Yet despite being cash poor, I can't seem to shake off my good mood. 

I'm reminded of when we first got married and were ridiculously broke, I was always worrying and fretting about money back then. This time around, although our savings are back to near zero levels I don't find myself worrying as much, because I know that all this low balance shtick is merely temporary.  This too shall pass and soon enough, I'll be back to my desired financial ninja status.

Friday, September 26, 2014

Catching Up Daw?

A friend I haven't heard from in years suddenly sent me a PM two nights ago and I was reminded of this John Lloyd meme:

This one is also a riot:

Friday, September 19, 2014

Chit Chat on BPI Save Up

In my last post, I briefly talked about my plan of opening up a BPI Save Up account because of its life insurance aspect. I was surprised at the number of comments I got regarding that bit in my rambling post because it seems as if a lot of people are also interested or are already using BPI Save Up.

The information online regarding BPI Save Up is pretty straightforward: