2016 Week 25 Recap: Work and Travel

June 20-26, 2016

Week 26 recap ko na ‘to, so meaning to say, tapos na tapos na talaga ang first half of the year. OMG lang.

Work

If we implement a big project, there is what we call a go/no go meeting wherein the executives give their “blessing” for project implementation, IF they are satisfied with the overall project status and the risks that go with it. Finally after a long long long (as in years) time, we are almost at the end of this project and got the go signal for implementation from our local leaders. There will be another meeting with the executives from the head office on the first week of July before everything is a go. I am crossing my fingers that it will also be affirmative. Well, we all are, at nang maka-move on na with other projects.

While waiting for the head office decision, we are slowly closing all pending items and preparing for the detailed implementation checklist. It is a little challenging because this involves different departments, different vendors and different components whill will all go live all at the same time. But we can do this!

Travel

My friend received our Japan visas early last week, yey! Single entry only but approved pa rin so keri na hehe. However, she was having second thoughts because of budget. Actually, ako rin because of the timing of our project implementation. However, she still wanted to push through with it so, go go go! Blessing in disguise that the meeting with the head office leaders was moved to July, instead of this week. Meaning to say kasi, we cannot proceed with implementation unless we have their final go signal. So good timing that I’m out on the first week of July, where July 4 is a US holiday, and hopefully, 1 of those days will also be a holiday in the PH because of Ramadan. Sayang din yung isang leave na matitipid ko kasi hehe.

So last weekend, I started planning for clothes to pack. Planning pa lang. Packing will be this weekend. I also went to Shang to buy Yen. Ang mahal na! The cheapest that I got was at Php 0.46. BDO was selling it for Php 0.47 and another money changer’s rate was Php 0.4603 (or 0.463). Buy na kesa maubusan pa next weekend. Hopefully, the amount I bought is already enough for the entire trip. Super tipid trip ito, lalo na sa food pero di bale na. At least makakapunta kami ng Japan hehehe.

Ok, I hope you all are having a great week.

Financial Goals for 2016: Mid-Year Review

And just like that, the first half of the year is almost over! So here’s my reality check.

Statuses:

  • Completed! as in done/finished
  • On track – met based on budget file
  • Not yet started – not yet started based on target start date on budget file
  • Quite – met but budget not followed (either there was a decrease/increase)
  • Not met – target not met based on budget file
  1. Religiously pay SK-LU. 5 months to go! Excited to mark this as completed!
    • Mid: Completed! – Last payment made this month! Ahhhhh, so happy happy!
  2. Save 50k for processing of papers for SK-LU. After completing the payment in June, I’ll have the same budget reallocated to this.
    • Mid: Not yet started
  3. Religiously pay SK-Silang. 2 years to go.
    • Mid: On track – many more months to go :p
  4. Save 50k for lot processing of SK-Bgo. 
    • Mid: Quite – too many reallocations
  5. Save 35k for CR of SK-Bgo
    • Mid: Quite – too many reallocations
  6. Increase EIP allocation to 3k/month
    • Mid: On track – started March 2016
  7. Increase MF to 20k (carry over from previous years)
    • Mid: Quite – still catching up with the savings but haven’t made any deposits to FAMI yet
  8. Add 20k-30k to COL 
    • Mid: On track
  9. Save 80k for Project BD (new in my budget file)
    • Mid: On track
  10. Religiously save 3k/month for niece’s tuition
    • Mid: On track – I can’t wait for her to graduate hahaha!
  11. Set aside a Tulong fund
    • Mid: Quite – too many reallocations
  12. Continue saving for an international travel
    • Mid: On track
  13. Set aside 10k for December 2016
    • Mid: Quite – too many reallocations
Let’s see what the year end update will look like.

2016 Week 24 Recap: Staying Home

June 13-19, 2016

Short update.

I was still not feeling well early last week so I opted to go on sick leave on Monday. I also requested to work from home on Tuesday and Wednesday since I was dreading the commute to work, especially that most students were already back in school starting June 13. Yun lang, I missed my teammates’ (s’, kasi several of them) birthday treat hehe. Keri na. Health first before anything else. Meron pa kasing konting trembling and feeling of weakness nung Wednesday. By Thursday, I was already bored staying at home so I went back to the office. Thanks, Uber hehe.

On Saturday, one friend wanted to go out and do something, anything so I suggested that we meet on Saturday night for dinner and movies. Saturday night since she works on night shift so day time talaga ang rest day nya. Also, it was Father’s Day on Sunday, so there might be too many people.

I attended an anticipated mass before we met, in case I will get lazy to go out on Sunday.

We had dinner at Lombardi’s (again) at Shang. Gusto ko uli kasi matikman yung cherry walnut cheesecake nila hehe. Plus all the other restos were full that time. Dinner time na kasi. We watched the last full show of Me Before You, after. Nakakaiyak huhu. But realistic naman. Pero nakakaiyak pa rin. I was planning to read the book pero after watching the movie, huwag na lang. Nakakaiyak talaga kasi hehehe.

That’s it, pancit. And now, more than halfway of this week has gone by again.

2016 Week 23 Recap: The Yearly Visit of the Dreaded Flu

June 6 – 12, 2016

Every year, the flu visits me. And more often than not, it visits me in the middle of the year. And it’s not just the “hey, I’m here, ktnxbye” type of thing.  It stays with me for several days and it makes me feel like a withered vegetable. This year, it happened last weekend. I felt the symptoms on Thursday. At first, I thought it was just because of staying late the previous night and waking up early in time for a meeting. But it got worst on Friday, which prompted me to cancel my weekend plans just to stay at home and sleep, chug liters and liters of water, double dose on vitamin C, and be a couch potato for the most part.

We were supposed to watch some of the movies in the French Film Festival at Greenbelt 3. But was not able due to my yearly visitor.

 While I was on imposed house arrest, I tried and successfully finished reading How to Build a Happy Family, a book by Bo Sanchez. It was an easy read and has less than 200 pages that’s why it was not a torture to my brain cells. The book discusses 7 steps to renew, bless and heal our most important relationships.

HappyFamilyBoSanchezAnd so I have nothing more interesting to write hehehe….

Oh, another kiddie birthday party to go to next month. Venue is walking distance from my apartment. Buti na lang hehehehe.

And yet another (meron pa pala hehe)…I’m done paying the lot I bought 3 years ago!!!! I made my last payment last Friday! Ahhhhh, freedom from payments! 1 down, 1 more to go. Next up is to save up for the title processing, which I hope won’t cost that much. No updated estimates yet from the lot owners.

Anyway, hope you all had a great week. Hoping for a better week!

Personal Finance: My Credit Card Story

Usapang utang.

I got my very first credit card in 2004, 4 years into the work force. I tried my luck and applied for the Sunlife-Standard Chartered bank card. When you apply for this type of card, your insurance premiums will be charged to the card and I’m guessing I was approved because of my insurance premiums with Sunlife. My first credit limit back then was at Php50,000.00.

I wish I could say I was a responsible credit card owner, but unfortunately, no. I charged more than what I can pay in full for a month. I did not max out, but the mere fact that my income then did not allow full payment at the end of the month was already a disaster. I can’t remember the exact amount but it may be between 10-20k. The items I charged? I think mountaineering gears (bag and shoes). And maybe a few others. So since I can’t pay in full, I was paying a monthly interest of not lower than Php500.00. Kaloka.

What was my wake up call? One time I tried to compute how long it would take me to pay my remaining debts if I pay just the minimum amount every month, and if I stopped charging to my card while I was paying for my remaining balance. The result was a shocking 20+ years! And to say that I was shocked was an understatement. I fast forwarded my life to 20 years and I wanted to cry then because I don’t want to be paying credit for that long! I also thought I cannot have my own family, or at the very least won’t have a boyfriend until I paid for my dues!

And so from then, I vowed to eliminate my debts as fast as I can. It took me less than a year. All excess amount was geared towards paying the debt. Most of my bonuses and leave conversions in 2005 were used to pay for my debts. I promised myself that my January 2006 bill should have no charges. And I was able to do that, hooray! And I never looked back. And I never put myself in that situation again. Or will I ever do it again. Never.

These days, I still charge everything that I can in my credit card. But I make sure that I already have a budget for these charges, and that I can pay for all charges in full every month. I still charge because of the points and it’s more convenient for me since I can pay my bills online. And because I’m no longer a delinquent payer, all my requests for waiving of annual fees are granted.

Since my first credit card, the same bank also issued me the Gold version of their card, so currently I have 2 with the same bank. BDO also issued me a credit card without me applying for it. Maybe because my Payroll account is with them. While I am able to manage 3 cards, I’m now thinking of discontinuing the use of the other card because my insurance premium charges also ended. I don’t need as many as 3 cards. Two would be enough so that there’s still a backup. We’ll see.

My credit card frustration: I really want to have a Citibank credit card. I applied 5 or 6 years ago but was denied. I applied 2 months ago and was also denied. I learned from an HR friend that Citibank does not approve applications of BPO employees. Another friend mentioned that Citibank also don’t grant credit cards to lawyers. So, maybe that explains it. But it is still frustrating hehehe.

What’s your credit card story?

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