Monday, October 26, 2015

When She Brings Home the Bacon


what-is-a-working-mom-worth


Growing up, I used to hear anecdotes about my Lola, a public school teacher, giving my Lolo, a public prosecutor, a monthly allowance to spend on his tabako and haircut, while the rest of his salary went to her. She micromanaged their family's budget to the peso, which is why all five of their daughters were able to finish college, with the two youngest daughters even going on to become doctors. My mother mused that she used to resent my Lola for her tightfisted ways, but as she grew older, she realized that if my Lola had not done what she did or if she had left the management of household finances to my Lolo, then they would have been mired in debt and would have had trouble finishing school.


In my own family, my mother outearned my father until I was in law school, and this was mostly because she went into semi-retirement from her medical practice.


Suffice to say that having a financially dominant female figure has always been the norm in my life and I didn't think it odd that the mother provided the monetary support and/or handled the family's finances. I only began to realize that this was an "aberration" when my schoolbooks talked about daddies going off to work while mommies stayed home and kept house.




When She Brings Home the Bacon


Growing up, I used to hear anecdotes about my Lola, a public school teacher, giving my Lolo, a public prosecutor, a monthly allowance to spend on his tabako and haircut, while the rest of his salary went to her. She micromanaged their family's budget to the peso, which is why all five of their daughters were able to finish college, with the two youngest daughters even going on to become doctors. My mother mused that she used to resent my Lola for her tightfisted ways, but as she grew older, she realized that if my Lola had not done what she did or if she had left the management of household finances to my Lolo, then they would have been mired in debt and would have had trouble finishing school.

In my own family, my mother outearned my father until I was in law school, and this was mostly because she went into semi-retirement from her medical practice.

Suffice to say that having a financially dominant female figure has always been the norm in my life and I didn't think it odd that the mother provided the monetary support and/or handled the family's finances. I only began to realize that this was an "aberration" when my schoolbooks talked about daddies going off to work while mommies stayed home and kept house. 

Tuesday, October 20, 2015

Making It Official




This certificate, together with the membership card and a pack of calling cards, was delivered today. There you have it, I'm officially a Registered Financial Planner. Yay me!


Now what the hell am I going to do with this new credential?!


I ran a free financial coaching contest a few weeks back and since people have been asking, I already picked the winner. In fact, I have met with her and we have hatched a plan to put her financial house in order. I also get in touch with her frequently, guiding her through the plan and giving her the support and encouragement that she needs to overcome her financial woes.


Of all the jobs I've had, this is turning out to be the most satisfying I've had yet, since I am able to interact closely with another person and I get to witness the results of my effort. It's just ironic that the job that gives me the most psychic satisfaction is also the one that I don't earn a single peso from. It's just as well that I do also enjoy my day job and it pays me well enough so that I can do this sort of thing from time to time for free.

Making It Official


This certificate, together with the membership card and a pack of calling cards, was delivered today. There you have it, I'm officially a Registered Financial Planner. Yay me!

Now what the hell am I going to do with this new credential?!

Saturday, October 17, 2015

The Buy Nothing Project

4349026082_2b92d5a829_z

I first got wind of the Buy Nothing Project when it was mentioned in one of the US based personal finance blogs that I follow. The blogger mentioned that he won a slightly wonky refrigerator, but with a little Youtube search, he was able to pinpoint the problem and fix it, so now he had a perfectly usable refrigerator. Another blogger I followed also wrote about how she was able to score gently used baby clothes and a stroller for her soon to be born bubba through BNP.


Of course by then I was super curious about this group that gives away free stuff. However, as I dug deeper, I realized that more than simply passing around stuff that you no longer need, BNP's ultimate goal is to connect neighbors and build a community. That's why it's not surprising to find people asking for volunteers when packing up for a big move, and for their neighbors and strangers to actually show up on the day of the move to help out.


The Buy Nothing Project


I first got wind of the Buy Nothing Project when it was mentioned in one of the US based personal finance blogs that I follow. The blogger mentioned that he won a slightly wonky refrigerator, but with a little Youtube search, he was able to pinpoint the problem and fix it, so now he had a perfectly usable refrigerator. Another blogger I followed also wrote about how she was able to score gently used baby clothes and a stroller for her soon to be born bubba through BNP.

Of course by then I was super curious about this group that gives away free stuff. However, as I dug deeper, I realized that more than simply passing around stuff that you no longer need, BNP's ultimate goal is to connect neighbors and build a community. That's why it's not surprising to find people asking for volunteers when packing up for a big move, and for their neighbors and strangers to actually show up on the day of the move to help out.

Thursday, October 15, 2015

Third Quarter Net Worth Report


 

After crunching the numbers for last quarter's net worth report, all I can say is: "UGH!!!"


Ladies and gentlemen, my net worth went down :( :( :(


Third Quarter Net Worth Report


After crunching the numbers for last quarter's net worth report, all I can say is: "UGH!!!"

Ladies and gentlemen, my net worth went down :( :( :(

Saturday, October 3, 2015

Quick Updates

It's killing me how little I've posted these past two months. From 5-6 posts in April to July, to only 2 posts in August and September, I've definitely not been the most conscientious of bloggers. Despite the lack of posts though, I have had a bunch of ideas for posts swirling inside my head, so before they totally disappear, let me write them down as a reminder of the topics I intend to tackle in the next few weeks:


Quick Updates

It's killing me how little I've posted these past two months. From 5-6 posts in April to July, to only 2 posts in August and September, I've definitely not been the most conscientious of bloggers. Despite the lack of posts though, I have had a bunch of ideas for posts swirling inside my head, so before they totally disappear, let me write them down as a reminder of the topics I intend to tackle in the next few weeks: