Frugal Honey

Psychology of Money

Frugality as a Way of Life

People are usually shocked when they find out that I’m already in the office by 6:30AM, sometimes even as early as 6:15AM. That means I wake up at 4:30AM and am riding the FX by 5:45AM. No, I’m not gunning for the Employee of the Millennium Award, that’s simply how I deal with and survive icky Manila and its roach infested, flood prone and jampacked streets.

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2018 3Q Net Worth Report

It’s accountability time!

I have to admit though that I actually look forward to tracking my net worth every quarter. It’s nice to see my debts get smaller and smaller every time I check on them. My assets may not be growing as much and as fast as I would like them to, but that’s ok because I know that the priority now is to get rid of the personal debts ASAP. Then once only mortgage debt remains, I can focus my attention on savings and investments.

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Creating Abundance in 2018

If you’re earning a salary then you will directly benefit from the Tax Reform for Acceleration and Inclusion, or TRAIN, because it lowers the personal income tax, among its other features. Check out this calculator from ABS-CBN to get an estimate on how much you’ll be saving on income taxes every month. The Department of Finance also has its own income tax calculator but it’s currently under repair. I do hope that the DOF version becomes functional very soon since it should be interesting to compare the results between the two calculators.

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Vicki Belo Rich

Just how rich is Vicki Belo exactly? FYI, the good doctor is a certified billionaire.

Which is why some people reacted when Vicki Belo posted a video during her honeymoon  in Italy, playfully “pretending to be rich.”

Some people bashed her and her supposedly faux humility and insensitivity, but some praised her work ethic and drive to continue racking up achievements after achievements despite already accomplishing so much.

What struck me about this whole non-issue though was how subjective being and feeling rich actually is.

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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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