Tag: money matters

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My Guesting on ANC On the Money Show

UPDATE: I finally got a copy of the whole interview from ANC. Click here to watch it. Thank you. 🙂

Last May 23rd, I saw a comment from a certain ABS-CBN News Channel (ANC) staff on this blog post I wrote last May 6th. I also got the same message on my FB messenger. Apparently, ANC On The Money wanted me to guest on their show because of the said blog post. I initially wanted to decline the invitation as I was shy in person and I never thought I could do it. (I’m not even an RFP or someone who’s an authority on personal finance, so why me?) But the hubby convinced me otherwise. I later realized it was a once in a lifetime opportunity so I better give it a go or I’d regret it forever. Haha.

The taping of the episode where I guested in as a resource person happened on May 25th. I was presented as a blogger (of Life in Manila). I only had two days of preparation but I still did my best to answer the guide questions given to me via email on the evening of May 24th. Ngaragan lang ang peg, diba? But everything turned out just fine so thank you God and thank you to my prayer warriors (you know who you are)!!!

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The Thrill of Buying Things Using Money You Haven’t Received Yet

Some family members are still having a hard time managing their finances. As much as I would like to help them, only they can help themselves. If they will continue sabotaging their budgets and keep a maluho lifestyle, nothing in their financial life will change for the better. One of their money practices is buying things using money they haven’t received yet. Is there really a thrill from such kind of acquisition? Apparently, there is!

The idea that you can have the thing you’ve been wanting to have in advance by borrowing money from someone. The thought that you can buy the merchandise you’ve been planning to get earlier than schedule because somebody is willing to lend you money. The realization that you can get the things you want because you have some money coming soon and there are people that can lend you money right now. There’s a thrill there at some point, right?

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Dealing with Money: How to Find a Financial Balance

I used to hate it when, after receiving a windfall, a big and necessary expense would suddenly come up. It’s like fate is testing my drive to save money. You know, instead of keeping the cash for a brighter future, I get to spend it. But lately, I have realized that God really never fails to provide for my needs. Things could have been bad. What if I didn’t have any moolah and a big and necessary expense has suddenly come up? I should have been grateful instead of whiny.

balance
Image Source: http://breakingmuscle.com/mind-body/finding-balance-in-our-physical-personal-and-professional-lives
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Zero Car Mortgage!

While working in the office last Chinese New Year, I received this photo from the hubby via Viber with a caption that said, “Happy 5th Birthday Nissen :)” (Nissen is the name of our car.) Suddenly, I felt my eyes brightened and my heart swelled with happiness. I knew it was going to be this month but the exact date eluded my memory. Fully-paid na kami sa car, yeeeeees! One major debt down, one more to go (a.k.a. our Bacoor house)!

nissen
the hubby’s FB post with the same photo he showed me on Viber
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On Economic Outpatient Care and Relatives Who Ask for Money Habitually

I first heard the term economic outpatient care (EOC) in the book “The Millionaire Next Door” by authors Thomas J. Stanley and William D. Danko. There’s actually an entire chapter in the book devoted to it. EOC refers to the affluent parents’ act of giving money (on a regular basis) to their adult children (who normally have jobs of their own). The authors believe that EOC tends to encourage laziness among the recipients and instill a false sense of security in them. Apparently, instead of empowering them, they are weakened by this financial practice.

I have seen and I know of working adults who continue to receive money from their well-off parents. This could be in the form of cash gift and most of the time, debt (the kind that is intentionally unpaid or forgotten to be paid). From what I have noticed, the recipients tend to use up the money on luxuries instead of growing it through savings or investments. Sad, but true.

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On Paying Off Cash Loans

Today is a happy day. It’s pay day and I expect to see a slight increase in my weekly salary because my last month’s pay slip says I’ve already finished paying one of my three cash loans at work. (It’s through salary deduction so I just have to look at my pay slip to check on their status.) The remaining two cash loans will be fully settled by September so that when October arrives (which is actually my birth month!), I could expect more money to finance my birthday party. Haha.

pay slip
my actual pay slip

Now, why am I writing about this? Because I waited for this day to come. That one by one, the hubby’s and my loans will be fully paid and we could have more funds to add to our emergency and retirement funds. Our financial goals are as clear as water and our determination remains strong. We just have to stick to our plan and we’re good.

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