2018 2Q Net Worth Report

Hmm... I just realized that I forgot to post a net worth report for the first quarter of 2018. For a quick recap, my last net worth report was for 4Q of 2017. For 1Q of 2018, my net worth went down because of expenses brought about by my husband's heart operation .

Mercifully, there were no more health issues these past three months which meant that I could focus on debt payment and building up savings.

The past three months also brought with it a handful of bonuses so there was no need to take out loans and I was even able to bank a small amount in my emergency funds. However, the next three months will be the lean months with nary a bonus coming in, so double gulp.

Back to my net worth report for 2Q of 2018.

There was a minimal increase in assets, around 40k, because my Sunlife mutual funds and individual stocks were affected by the plummeting stock index. However, while my assets may not have increased as much as I would have liked, I was very happy with the almost 150k decrease in my liabilities. Debt payment is really where my money is going for now.

Starting September, my debt payments will start to get smaller because I would have finished paying off one credit card loan by then, with another loan to be fully paid off by November and all of my personal debts going kaput by March next year! Hooray!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So while the stock market and her many discounts are tempting me like an ice cream cone on a hot and humid summer day, I resist the urge to top up my account and buy-buy-buy because being debt-free is more important to me now than adding to my (meager) investments. I have learned the hard way that taking on "three tiers" at a time is a foolish thing to do. One step at a time is the way to go, with taking on a half step also acceptable in some instances.

My asset allocation is still very skewed towards real estate and I don't think it will change any time soon because debt repayment is the priority and not building up assets.

That's it for now. Until the next net worth update! Here's hoping that the fates continue to be kind.


  1. I'm glad that your husband is doing fine. Health is wealth, indeed. I still think that you're building up assets by way of paying your condo mortgage. Is "building equity" the right term for that? But anyway, snowballing your debts away is a good way to spend your money. After you're free from that, then asset building it is.

  2. July-October are my most dreaded months. I guess most govt workers feel the same. Haha. Wow, how exciting, March 2019 is near! :)

  3. Hello! Yup, home equity is a form of asset and you can actually take out a loan against your home equity. At first I thought that wasn't available locally, but a quick Google search showed that it was also a thing here.

  4. Hi Edel! Aren't July to October the worst months for us government workers? Di bale, tiis-tiis lang ng konti :)

  5. […] the second quarter’s  Php190,136.40 net worth increase, the third quarter only brought with it a Php102,074.00 increase. This was mostly in part because I […]


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