Welcome to the love month! ❤
Second net worth update of the year and turns out that it’s down again as expected. Let’s see the breakdown and what’s the culprit behind these figures.
If you’ve read my previous post, you might already know that my new job requires a bit of a travel. And unfortunately, I haven’t mastered yet the art of controlling my finances while traveling for work. Boo! This is one of the reasons I do not like going to Singapore and that work is forcing me to go out of the country. (I do like to travel though.) Aside from transaction costs from changing money and the difference in price indices among countries, it is impossible not to spend a little here and there to buy pasalubong and try out different things while you’re there. For me, this meant going to Universal Studios Singapore, buying a SGD45 (around Php1,600!) pajama, and getting 10 packs of Hanuta chocolates. Sigh sigh sigh. But I loved them all! I got to bond with my new workmates in USS, the pajama that I bought was something I was tempted to buy over a year ago already, and being able to share those Hanuta chocolates with my friends when I went back home was a nice feeling. In the end, it’s what you really get with what you spend that’s important. And I’m just thankful that I have the capacity to achieve that since I’ve been good with my finances in general.
Aside from that, included in above is also my brother’s tuition for this semester charged through my credit card. I made him a supplementary cardholder and it’s become a convenient way for him to enroll himself without needing to have to carry a huge amount of money. Plus, we get points for that almost Php40,000.00 of spending! Important to note too, is that I actually already have the money to pay for that (see my deposit accounts) so it’s not a risk that I miss payments and incur interest. Point is, if you are using credit only when you have the money to cover it as well, having a credit card is in ideally an advantageous tool.
And on that same topic, I got a new credit card! Hahaha. This time for a BPI Amore Visa. It was a pre-approved card that I tried to decline at first (fun fact: BPI declined my previous credit card applications thrice!) but I eventually gave in since they offered no annual fee for life including the first supplementary. I’m eyeing to give this one to my dad when he permanently comes back to the country. And maybe if I don’t get to waive the fees for the Mastercard, then at least I have a better backup plan.
Enough of spending, spending, spending. My assets in total have gone up still with automatic investments doing the trick. So that somehow still offset all the cash outflows for the month.
I’m still expecting a downward month next as I need to pay for my life insurance, and this love month will really get me to spend a bit more. Hihi. But all’s good and as long as I’m still actively saving and investing, then the future is still bright.