Frugal Honey

Psychology of Money

Getting Rid of My Middle Class Mindset

I am the sole breadwinner in my family. I brave Metro Manila traffic twice a day to get to work. And when I do get to work, there’s always this nagging feeling that I’m not good enough and that my boss will eventually agree with me.

Stress! Stress! Stress!

Of course I deserve this treat!

I deserve to eat out after an extra long day at work. I deserve this new blouse because I worked so hard. I deserve this out of town trip so I can relax and recharge my batteries.

Does any of this sound familiar?

If you’re remotely human, then I’m sure these or similar thoughts have ran through your head to justify taking cash out of your wallet when an insistent voice is whispering to put that money in the bank instead.

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Unsolicited Advice to a Millennial

Cosmo.ph had this article where Marie, a 26 y.o. in the publishing and advertising industry, tracked down her expenses for a week. While I wasn’t surprised with how the author spent her money, I was taken aback with the vitriol generated by her article.

The outpouring of criticism was most probably was spurred by her closing statement: “Through it all, I could say that I’m proud of myself for holding up. Managing your own household, feeding yourself, and prioritizing your needs while paying off debt is something that not all people my age could do, but I am doing it in a slow and steady fashion.”

In a nutshell, the comments were along the line of: Proud ka sa lagay na yan bes? Ang kapal naman nang mukha mo!

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Fast Facts on Filipino Money Habits

I received this very interesting infographic on Filipino money and spending habits from Pawn Hero a few weeks ago. I took the bits that caught my interest but you can see the full infographic here. The sources are the World Bank, Master Intelligence and Nielsen and they are written in tiny print at the bottom of the infographic. As with anything you read on the internet, please take the facts presented with a grain of salt.

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Thoughts on Earning a Living

I started working about a month after I took the bar. Give or take a few months, I have been earning a paycheck for about a decade and in those ten years, I have had my share of whining, company gossip and politics, tongue-lashing and a massive sense of entitlement. Looking back now, I really want to take my younger self aside for a serious talk and tell her (me) that contrary to what she believes, she isn’t actually entitled to anything and that she should quit whining and should just buckle down and work. Whether or not younger me will actually listen to future me is another thing altogether though.

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Running and Personal Finance

I’ve always had a difficult relationship with running. On paper it would seem as if we’d get along well because I’m an introvert who shies away from team sports. I even participated in track and field competitions during highschool intramurals, and was a member of the track and field team for a few months. A friend who trains for triathlons even pushed me to take up running more seriously because she said I have a runner’s body. But despite all that, there was simply no spark between me and running.

However, something clicked in the past few months and instead of my usual once- a- month- if- I’m- feeling- up- to- it- run, I found myself going for weekly, then twice weekly runs, and before I knew it, I was actually running 3x a week and was even looking forward to it. Believe me, no one was more surprised at this than I was.

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