Frugal Honey

My Financial Journey

Following the Hierarchy of Financial Needs

There was a time I had about 3 months worth of expenses in my savings account, I was steadily buying stocks, and would go on regular trips, both local and abroad, with my family and friends.

I recently reminisced about those happy, flush days while I filled out another stock withdrawal form and I couldn’t help but ask: “How did it all go downhill? Where did I go wrong?”

And the answer was simple, I tried to do too much too soon.

If I had only seen this financial needs pyramid from Boomer & Echo 2-3 years ago, I bet I would have been smarter with my financial decisions. Or so I tell myself 🙂

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My Future Foretold

Whenever I pass through the Padre Faura gate, I usually walk past this man in a white collared, short sleeved shirt tucked neatly in his pants. Sometimes he would be reading a newspaper or smoking a cigarette but he would always be stationed near a small table with two stools and an electric motorbike.

His name is Maestro Geno Ginintuan and he’s as much a landmark of Padre Faura as the Supreme Court, UP Manila and the Department of Justice.

After almost a year of walking by him, I finally gave in to my curiosity and plopped myself down on his stool. Some quick chatting revealed that he’s been at his post, rain or shine, for the last 20 or 30 years. He gets an average of 50-70 clients per day and he charges Php50 per client. He claims that his predictions and readings are 100% accurate. Even President Duterte has called him over to Malacanang for a personal reading, and he has regular clients who seek him out before making any important decisions.

Now for the good stuff. Let’s talk about his predictions for me.

He first asked me for my birthday and wrote it down on his notepad.

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Preparing for Baby No. 2

I am currently 17 weeks and 4 days pregnant which means that this baby is due to arrive about a week or two before Christmas.

Being the second born, the hubby and I are no longer as wide-eyed with excitement as we were with our first. Yes, there is still joy with the thought of having another tiny human to cuddle and love once again, but this joy is tempered with the thought that we are now responsible for two human beings, thus, we have to get our shit together.

Getting ready for baby number 2 means: (a) preparing my body for the birth; (b) preparing for the actual birth; and (c) preparing post-birth.

As a second-time mom, I know that I can only really prepare for a & b, while c just means going with the flow and dealing with things on a day to day basis.

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The Cost of Back Surgery

In the past two months, my husband was hospitalized twice, with the second visit for his back surgery where titanium screws were inserted in one of the vertebrae of his spine (read his take on the procedure here). His doctor, an orthopedic surgeon, declared the operation a success and signed the discharge sheet last Monday, four days after the back surgery.

It’s been eight days since he had his surgery and my husband can now walk around our condo with a cane, an improvement from the walker he used when he was discharged from the hospital. I’m ecstatic at how quickly my husband is recuperating but I can’t get over what the doctor said during one of our check-ups. He said that the surgery to correct what my husband had (impinged nerve) is a fairly routine procedure, and that he has done literally dozens of them, but 9 out of 10 of those who suffer from it opt not to push through with the surgery because of the costs.

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2016 2Q Net Worth Report

ChartGo-2Q 2016

I reached a milestone last quarter when my net worth passed a certain threshold amount. I also had a 9.16% increase in net worth from 1st quarter this year, which incidentally is the biggest increase I’ve ever had since I started tracking my net worth and is also so close to my dream of a double digit net worth increase. Yay!

This big increase in net worth was brought about by my conscious efforts at stashing away money because of the dreaded salary delay in government service when starting in a new position. It doesn’t seem very impressive in the chart since the increase from the last quarter is only 1%-2% for savings and investments, but the raw numbers made me do a happy dance.

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