Budget Talks
Our monthly budget is something that I really should improve on. Just a cursory glance at the numbers shows me that there are a lot of savings to be still made here and there.
Here's a rundown of our monthly household expenses:
Fixed expenses:
Php1,300 - PLDT (internet)
Php1,000 - condo dues
Php4,000 - parking
Php10,000 - reimbursement of equity payment to my mom (1/20 paid)
Php3,500 - memorial lot investment (3/11 paid)
Php10,600 - PAG-IBIG mortgage (actually just Php5,600 but I have conditioned myself to pay more to wipe out the balance faster)
Php800 - Globe cellphone
Php500 - cable
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Total= Php31,700
Non-fixed expenses (approximate)
Php8,000 - groceries
Php4,000 - gas
Php8,000 - eating out / entertainment
Php1,000 - laundry
Php500 - drinking water
Php200 - water
Php1,500 - work lunch
Php4,500 - electricity
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Total= Php27,700
MONTHLY TOTAL: Php59,400
Recurring expenses
Quarterly - Php15,000 - life insurance/ mutual funds
-Php10,000 - vacation
Yearly - Php16,000 - car insurance
Php3,000 - property tax
Php5,000 - car registration
And then I try to squirrel away whatever amount I can to our emergency fund and invest in stocks too.
Looking at our monthly expenses in black and white, all I can say is thank goodness for the random bonuses from the Court, my husband's windfalls (which don't come with regularity, but when they do, they're usually more than enough to provide a buffer to our budget) and rackets.
For my next post, I'll try to analyze what aspects of our budget need overhauling (Hint: Eating out, grocery and electricity!!).
Comments
You present things very simply and unintimidating (is there such a word?) and I would like to continue reading about your financial experiences. Looking back I wish I could have planned my finances a little better as saving is such a difficult thing to do. Thank you and keep it up.
I agree, personal finance should be part of our school curriculum.
Nagulat ka ba?:p
Grabe nga expenses for tuition fees no? It's a good think I actually enjoy working:p
We changed our aircon to an inverter and installed LED lights. But we do have hot water and the freezer door of our ref is busted, so cold air seeps out. If I had the budget, I would change our ref and I'm sure we can bring down our current electricity bill by at least Php500 more.
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