Friday, May 25, 2012

Much Ado About Moolah

I think about money a lot.


When we got married two years ago, my hubby and I found ourselves mired in wedding related debt. I mistakenly assumed that we could recoup our wedding expenses through our wedding gifts ("We prefer cash") and so we started planning and charging a majority of expenses for our wedding, because we were not able to save up for it.


Needless to day, the first few days of our married life were chock-full of lessons and realizations. This was further compounded by the fact that I began working for the government a month after we got married, and would only start receiving my paycheck about a month and a half after I begun working.


Oh, and my husband was also diagnosed with diabetes so that was another blow.



 Fast forward a few months later and I had wiped out our credit card debts through some fancy juggling, a loan from my cousin, debt restructuring with the assistance of my brother and a whole lot of humble pie.


These days, I can pay my credit card bills in full; the car is fully paid; we are now homeowners of a teeny-tiny studio unit; and we have about 2 months worth of expenses saved up in an emergency fund. I also took out life insurance with my husband as the beneficiary, and I have begun investing in mutual funds and the stock market.


But I still think about money a lot.


While two years ago my goal was to eradicate debt while keeping body and soul together, these days, it's more about wealth creation. I have this dream of becoming a SAHM and running my sites full time, but I know that to do all that I will have to have a pretty tidy sum to dip into.


I created this blog as a venue to jot down my thoughts on all things financial that seem to be forever swirling in my head. And also because I have no one to talk about it with.


So there you have it, my not-so-lofty reasons for creating Frugal Honey.

19 comments:

  1. Hi there, Frugal Honey! I got your blog while listening to ANC last night. I'm starting here at the very bottom to learn more about you. I'll be one of your avid followers. Keep on writing and keep on inspiring more Filipinos! =) God bless you always and your family. =)

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  2. Oh wow! I was wondering when they'd air that! We don't get ANC in our cable lineup so I hope they upload the show on Youtube. Promise, kinikilig ako :)

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  3. Hi Ate Jills, ni-like ko ung FB Page nila, kaya na update ako sa mga shows nila. =) Nasa topic po yata na Lending to Friends and Relatives. Helpful tlaga ng blog ninyo. Eto pla ang link: http://www.youtube.com/watch?list=UUvi6hEzLM-Z_unKPSuuzKvg&v=sqYv_YFdhso&feature=player_detailpage

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  4. Thanks so much! Pinagkalat ko na on Twitter and Facebook. Woohoo!

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  5. Ha ha ha.... =D Congrats ulit! :)

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  6. I stumbled upon this blog just today...how come I just found this now?

    Money is something that not a lot of people like to talk about because it makes them uncomfortable. But contrary, I believe that we MUST talk about it.

    Great blog! Will be adding you to my Reader :)

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  7. Thanks so much!

    And you're right. We need to stop talking about money in hushed tones and talk about it more in the open.

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  8. Hi !! just want to thank you for being instrumental in opening my eyes and pushing me towards starting to plan and act towards financial independence,. I read your blog from start to latest and i have to say i leeearned a lot.. btw congrats for your bean, so cute..

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  9. Hi Kat!

    Glad my blog helped you out. Don't be a stranger now! Let's chat :)

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  10. oh my, why did i check this blog only now? i have been reading your beauty blog for a long time already, i think this is even better.... i think about money a lot too but i don't know how to invest it.... i hope you can help me.... i hope it's not too late for me.... :)

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  11. Hi Issa!

    Glad to see you here as well :)

    It's never too late to become financially responsible. Ask away and I'll try to answer your question as best as I can.

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  12. hi, just found your blog yesterday and dahil sa yo, i was inspired to create my budget and be religiously frugal about it. and plan on settling some of my CC debts.

    thanks to you. i also followed you sa FB.

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  13. Great to hear that Edlin!

    Best of luck on your road to financial freedom :)

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  14. Hi Jill! I enjoy reading your blog (esp. your posts on personal finance!) that's why I got to this part -- your first post. I think about money a lot, too! I even check my finances in an Excel file first thing in the morning. Luckily for my husband and I, we recouped about 50% of our wedding expenses because we received generous cash gifts from our wedding sponsors. But then, we incurred huge expenses from buying the essentials (and some luxuries) when we moved to our new home right after the wedding. At present, we're trying to live a simple life so we could raise more money for saving and investment purposes. :)

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  15. Wedding related expenses are such a pain no?

    Best of luck to you and your hubby in reaching your financial goals!

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  16. Hopping in to join the conversation but I would like to start about health which is I think the greatest asset next to time. I've recently watched "What the Health" on Netflix and I highly recommend it. It's about the good effect of eating plant based diet. As a vegetarian, I advocate it to everyone; if the word vegetarian/vegan seems extreme, why not start eating more veggies and fruits than your daily consumption.

    Moving on to monetization. Jill have you tried Google Adsense? That's where I started and still learning about affiliates. It is possible to earn while blogging, doing what you love to do wherever you are. I would love to keep learning more about finance and monetization on you blog. And would gladly share some tips here and there.

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  17. Hello!

    I think I tried Google Adsense before as well as those links that suddenly pop up in the post. The return was too low (I don't get a lot of traffic in my blog) so it didn't seem worth the visual clutter.

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  18. i think valuable ung lesson na wag magsplurge sa kasal, yeap one time lang yan pero dapat isipin parin ang gastos long term.

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  19. I agree with you 100%!

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