Frugal Honey

Budgeting & Saving

How to Do Interbank Fund Transfer using the Landbank Mobile Banking App

I would have done this review of Landbank’s Mobile Banking app earlier except that my smartphone ran out of internal memory and the external memory I added was useless, so I couldn’t download the app. I resigned myself to the fact that I would have to make do with Landbank iAccess using my desktop and really, it wasn’t such a bad deal because iAccess addressed most of my banking needs, except for the interbank fund transfer.

But just recently, an officemate downloaded the Landbank mobile app and I was ecstatic to discover that interbank fund transfer was possible using the app! And so I reassessed the existing apps on my phones and deleted the ones I didn’t use (I’m talking about you Grab…) and also deleted photos and other nonsense that my phone would automatically save. To make a long story short, I now use the Landbank Mobile Banking app and it has made my banking chores so much easier.

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Budgeting My Way to Being Debt-Free

Budgets come in all sorts of variants and permutations, but the best type of budget is the one that actually works for you.

The strictest budget that I know of is the zero-sum budget. With it, you have to “spend” every cent you make or to be more precise, you give every cent you make a job to do since money that isn’t allotted will only be spent mindlessly. My preferred budget though is the anti-budget by Paula Pant of Afford Anything where you save/invest a pre-determined percent of your income per month. It pretty much goes like this: take out money, save/invest accordingly, and spend the remainder of your monthly income as you please. Easy peasy.

Unfortunately, it will take me a while before I can use the anti-budget since I still have consumer and mortgage debts to deal with, necessitating that I micro-manage my money until I can completely wipe out my debt.

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Lifestyle Assessment Series: Foodstuff

As part of the Uber Frugal Month Challenge, I’ve been scrutinizing our expenses to see what parts of our household budget we can improve on. My main goal in participating in the UFMC is to minimize spending and throw all that extra cash towards building up our savings and investments which have been decimated because of life and its sick humor.

A second goal, although no less important, is to reset my mindset by being deliberate with my spending and thinking over each purchase before I open my wallet. Hopefully, by doing it often enough, a month to be exact, this will become second nature and my purchases will end up aligning with my goals (i.e. build up savings and investments).

First up for scrutiny is our food expenses. Here’s how we fared food-wise in the past 6 months:

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Taking the Uber Frugal Month Challenge

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One of my favorite personal finance bloggers is sponsoring a frugal month challenge. Alison of the Frugalwoods will guide and handhold her readers towards a month of conscious frugality, helping us get our spending to align with our goals.

The challenge begins January 1 on the dot and Alison wrote a nifty guide to steer her readers towards uber frugality. Step One of the guide asks the participants to list down their goals to set the overarching reason or purpose for your frugality. (more…)

Have Yourself a Frugal Christmas!

Ok, so I’m not really feeling maximum Christmas vibes yet. But ever so slowly, Christmas is making its way felt. In the same way that negativity is infectious, Christmas spirit is also catching. Yin to the yang.

I refused to let Christmas get to me this year because it seemed like there was nothing to celebrate. With the burning down of Aleppo, rampant EJKs, idiot government officials, etc. etc. and so forth, it felt wrong to don my merrymaking hat. Also, I didn’t qualify for most of the year-end bonuses because I didn’t meet the basic tenure guidelines, and when I did qualify, it was still pro-rated at a sad 30%. Crazy world + no money = scroogey grumpy Jill.

But, as I said, Christmas is an annoying little beast that refuses to be ignored. And with a three year old who joyfully dances to Christmas songs and gets excited over Christmas gift, how could I not give in to Christmas?

While the marketing machinery tells you to spend your way to happiness during the Christmas season, it is very possible to not blow your entire Christmas bonus and still feel happy. Christmas is about the feels (and baby Jesus) y’all, and you can get the feels even without buying out the entire mall. Here are some ways I get my Christmas on without making my wallet cry bloody murder:

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