Frugal Honey

Investing & Retirement

To Jump or Not

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.


Staying Still

I have a problem about being in the present. Even now while typing this, I have five other tabs open and my mind is jumping to the letter I have to draft within the day, while thinking about what else I have to accomplish for the day.

When I’m with my son, I browse Instagram and Facebook on my phone while he’s watching TV. I tell myself that it’s ok because when he turns to me, I put my phone down and turn my attention to him. Obviously it’s not, and even he knows it, as he swats away my phone or grabs it and runs off with it, probably seeing it as the enemy to my attention.

It’s the same with our finances. I get so overwhelmed about what I need to accomplish and the fact that I’m doing it all alone, that I try to shove it to one side and do bits and pieces blindly, without a general plan to guide me. Case in point was how long it took me to calculate my net worth and create a zero sum budget.

If I were to rank our financial to-dos, it would be as follows:


How to Create a College Fund For Only Php5,000

Of the six sessions I’ve attended so far for my Registered Financial Planner (RFP) course, the one that really caught my attention was the lecture on Time Value of Money.

Even the fact that TVM involved a lot of computation did not deter my interest (this from a person who chose her college course based on the number of math units required. Math 1 for the win!), and I actually stayed up past midnight a few days after my class researching on TVM and solving problems. Imagine that!

Anyway, what really hooked me on TVM was how I could start planning for Ace’s college fund starting now, and for as little as Php5,000 a month. Here’s how I plan to go about it:


Reader Question: What Investment Product Do You Recommend?

Hi Atty. Jill!

I stumbled upon your blog through Lianne’s blog, and I’ve been backreading through your blog. Your journey to financial stability and freedom is truly inspiring. You present the struggles and rewards of frugality and investing in a very relatable manner.

I am a 20-something government employee, and I would like to start investing, but I don’t know where to start, or which investment product is right for me. Right now, I am thinking of two options: (1) opening an EIP account at CitiSecOnline, and (2) opening a balanced fund from a reputable bank (BPI probably, because that’s where I bank, but I’m also trying to explore BDO’s EIP). I am also considering FAMI-SALEF since I read it in your blog. Which can you recommend? I hope you can help me. I don’t have the technical knowledge for trading, but I have a bit of an idea about financial management through online articles and free seminars.



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