Saturday, November 1, 2014

An Unlikely Role Model

Remember Anne Curtis' TV commercials for PS Bank? Apparently, Ms. Curtis was not just doing it because she got paid to be cute about saving money, she really does believe in saving money!

Tuesday, October 28, 2014


Sorry ha, but it kills me when "financial advisors" advise their single, no dependents, low earning clients to "invest" in a VUL product. If these so-called financial advisors were really looking out for the welfare of their clients, then they would not push a VUL product and would instead recommend term insurance, if indeed the client needed life insurance in the first place.

If a person just wants to invest, has no dependents and has no estate to protect (bata pa nga eh, malamang walang pera yan), what's the point of buying life insurance? And VUL to boot pa, which has historically been outperformed by other investment vehicles.

Wala lang, it really irritates me when I hear "financial advisors" touting the advantage of VUL products to someone with next to zero knowledge about investments, clearly taking advantage of that person's naivete.

That's why knowledge is key and I doubt I'll ever have a future selling life insurance.

Here's what Suze has to say about that:

Monday, October 27, 2014

DIY Halloween

It was another DIY Halloween costume for my son this year, but unlike last year's popcorn outfit which I hurriedly sewed together a few hours before we went trick or treating, I had more time to channel my Home Economics skills so I was able to whip up not just one, but two costumes for Php20. That's not a typo, I really was able to make their costumes for Php20. Hooray!

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.