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!!).