This year, we dove head first into the holiday madness and went to three different destinations for December, with two other places to go to before we say goodbye to 2014. To date, we've been to the airport 6 times (with only one delay, thank goodness!), went on one fast craft from Cebu to Ormoc and two long distance drives to get to my parents' place in Biliran. Today, we're going on another road trip to attend my sister in law's wedding and then we're off to Bohol after that with the wedding party. I officially need a vacation from this vacation.
Sunday, December 28, 2014
Wednesday, December 17, 2014
I started this blog in 2012 and back then I was just getting started on my personal finance journey and feeling mighty proud of myself for "investing" in a VUL #facepalm.
In 2013 I continued reading whatever I could find on personal finance and got my first taste of stock investing thanks to Bro. Bo Sanchez.
This year, our finances got thrown up in the air because of the condo purchase. I'm happy to say though that my personal loans to my parents are 30% paid off with the amount decreasing steadily every month because aside from paying my parents a set amount monthly, I also pay their credit card bills and offset the amount with my debt (This is why I cringe when I hear about their new purchases).
For 2015, the theme is to keep on moving forward with our financial goals, and with no more big expenses to derail our wealth building mode, we should be chugging along smoothly. The two biggest goals for 2015 are to complete our emergency funds and transition smoothly to a new job with a bigger pay by the middle of next year.
Monday, December 8, 2014
Thursday, December 4, 2014
It was such a thrill to be lumped alongside the likes of Randell Tiongson, Marvin Germo and Efren Cruz and be considered as a personal finance expert by affinity. Although to be perfectly candid, I'm more of a personal finance enthusiast than an expert, and to be clear, I'm not fishing for compliments, I'm just being real.
Anyway, here's the link to Ezra Ferraz' Rappler article on "9 financial-savvy tips for Christmas gift-giving" and I was amused that of all the tips I sent him, he chose my core philosophy in gift giving or that gifts are tokens of appreciation and love, so we shouldn't attribute anything else to them. They won't mend broken relationships, make up for lost time with family members or make someone fall in love with you, so no need to stress yourself over finding that one perfect, expensive gift. It's enough to show that you had your recipient in mind when you purchased or made that gift.
Tuesday, December 2, 2014
I am honestly not happy with how my FAMI-SALEF funds are performing. After two years of sporadic investing, my money grew by a measly 7% lang. Ok, so granted that this is merely an average of my entire investing history with FAMI-SALEF. Also, when I looked at the chart, my very first investment has grown by 23.18% in two years, so that's not something to be glum about. But I thought it would be more impressive, that I would open my account and do a happy dance upon seeing my gains. Or maybe I'm just expecting too much? After all, one of the speakers in the RFP* seminar said that when it comes to mutual funds, you'll start seeing stupendous gains after a decade or so of continuous investing, once you've established your critical mass.
Anyway, I've been looking around to see if I should make the switch and came out with a chart to guide me.