Happy new year 2017! *Fireworks fireworks!*
Today, I’m officially celebrating 2 years of recording my net worth – and counting! It’s an exercise that have upped my personal awareness and discipline in my finances so I hope that you’ll include this as one of your resolutions starting this 2017.
Without further ado, let us take a look at how my year started!
Down by Php17,629.04 from last month. I must admit it was not what I expected. Did I overspend this holiday season? A close look would reveal that it was actually due to an increase in liabilities. See, my younger brother pushed through with getting braces! *Sigh* You think I’m spoiling him too much? Anyways, for those curious, he had it done at Uy Dental Clinic near UST. We read from reviews that they’re quite good and affordable too so we gave it a go. The total price is Php50,000.00 and we’ve paid a downpayment of Php10,000.00 with Php2,000.00 in installments every month.
To offset that, dad actually sent some money to cover for part of the expenses. It’s still with my grandma right now but she’s a tough girl who’s very particular with money. If she says it’s an utang, I’ll treat it as an utang. I got my skill in numbers from her you see.
My investments are just doing their job automatically being increased every month from salary deductions and checks I’ve written to my condo developer. Hehe. These stuff really do help make sure your money is not going just anywhere.
I expect a further decrease in net worth in the next few months from paying tuition again and then my term life insurance policy which is due on February. But no worries, it’s all planned out. I’m still expecting to be a millionaire come April when the performance bonus is set to be paid out. Hihi.*Crosses fingers*
That’s it! Enjoy the remaining hours of the holidays and let’s get prepped for the challenges of this new year and going back to work tomorrow! Hustle hustle!
If you are considering to do this exercise as well for the new year, hit me up and I can help you out. I encourage you to share this too and like my FB page below to get updated on my progress as well.