Frugal Honey

My Financial Journey

2015 4Q Net Worth Report

The last quarter of 2015 has been rough on my equity investments, while the next few months show no sign of easing up as well. Forget Pantone’s colors of the year, it looks as if screaming red is going to be this year’s hue. Despite the lackluster and pathetic performance of my stocks and mutual funds, my net worth still managed to post a 3% increase from the third quarter. I’m still way below my goal of a double digit increase though, so there’s a serious need to work it.


When She Brings Home the Bacon


Growing up, I used to hear anecdotes about my Lola, a public school teacher, giving my Lolo, a public prosecutor, a monthly allowance to spend on his tabako and haircut, while the rest of his salary went to her. She micromanaged their family’s budget to the peso, which is why all five of their daughters were able to finish college, with the two youngest daughters even going on to become doctors. My mother mused that she used to resent my Lola for her tightfisted ways, but as she grew older, she realized that if my Lola had not done what she did or if she had left the management of household finances to my Lolo, then they would have been mired in debt and would have had trouble finishing school.

In my own family, my mother outearned my father until I was in law school, and this was mostly because she went into semi-retirement from her medical practice.

Suffice to say that having a financially dominant female figure has always been the norm in my life and I didn’t think it odd that the mother provided the monetary support and/or handled the family’s finances. I only began to realize that this was an “aberration” when my schoolbooks talked about daddies going off to work while mommies stayed home and kept house.


Making It Official

This certificate, together with the membership card and a pack of calling cards, was delivered today. There you have it, I’m officially a Registered Financial Planner. Yay me!

Now what the hell am I going to do with this new credential?!

I ran a free financial coaching contest a few weeks back and since people have been asking, I already picked the winner. In fact, I have met with her and we have hatched a plan to put her financial house in order. I also get in touch with her frequently, guiding her through the plan and giving her the support and encouragement that she needs to overcome her financial woes.

Of all the jobs I’ve had, this is turning out to be the most satisfying I’ve had yet, since I am able to interact closely with another person and I get to witness the results of my effort. It’s just ironic that the job that gives me the most psychic satisfaction is also the one that I don’t earn a single peso from. It’s just as well that I do also enjoy my day job and it pays me well enough so that I can do this sort of thing from time to time for free.

Quick Updates

It’s killing me how little I’ve posted these past two months. From 5-6 posts in April to July, to only 2 posts in August and September, I’ve definitely not been the most conscientious of bloggers. Despite the lack of posts though, I have had a bunch of ideas for posts swirling inside my head, so before they totally disappear, let me write them down as a reminder of the topics I intend to tackle in the next few weeks:


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