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Money Talks

August 3, 2006

I usually pay around 30k a month for my credit cards alone, only to realize that only half of it serves as the real payment while the rest goes to interest. I’m appalled! That’s like P150,000 Citibank earns from me thru interest in a period of 10 months! I panicked! So I researched on other options I could take . After four years of working for GSIS, I finally took my ever first loan on my equity. I only got P84k (payable in three years at P2,666 a month) which I immediately used to pay for my Visa card. Then I took a call for cash loan of P25k on my Mastercard, payable in 1 year at 2,395/mo., which I also immediately used to pay for both my remaining Visa and Mastercard credits. Now I feel much better. It’s like a huge thorn has been taken off my chest. Not only will I save on monthly interest but finally I can start really saving up again, either for pleasure like our intended Palawan, Boracay and Bacolod trips on the coming months or simply to just have some left-over money in our atms.

Sometimes I worry that we don’t have much cash savings in the bank. Everything is in our insurance investments which we could only liquidate once they mature after a couple of years. But I think that’s much better. We are obliged to pay for them either every month or every quarter (depending on which insurance plan) and in case something bad happens to either of us (knock on wood) then the one left behind becomes an instant millionaire. We’re not praying for that though. It’s just another form of security … just in case…

For now, we’re happy enjoying the fruits of our labor. We help out my family with their bills, We get to send my brother to college, we travel, we party, we buy stuff, we go out on gimmicks and even create our own, I get to take my MA and some other non-academic lessons, we engage in sporty activities, etc. And even when there’s no extra money, we still get to enjoy each other’s company by simply spending our time together at home. And maybe, when we’re really financially secure (meaning, we don’t have to sacrifice so much just to do another thing we want), we can have our first baby. Maybe, God willing…

On the other hand, they say that the best things in life are free… the view of the sun set, morning breeze, rain especially when there’s drought, smile on someone’s face, the air we breathe, our health, etc. However, I’d still rather be miserable with money rather than be both miserable and poor. True, money can’t buy happiness. BUT, it does make the world go round, whether we want to admit it or not.

So use your money wisely. Don’t let it overwhelm or control you. Money should be a means to an end. Use it to your advantage and guard your desires. For money could either make you or break you. It’s your choice.


Posted by sexynomad at 3:55 am | permalink

Previous Comments

What? 40-70k a month plus bills, insurance, and a whole caboodle more? You must earn a fortune, I swear. Jen (may I call you jen?), do not resign from that job. You’ve no idea how difficult it is to get a decent-paying job, much more one like yours, these days. Waaah! Suya ko. In tagalog, that’s inggit ako.

Posted by Chin at February 5, 2007, 9:40 pm

Hi Chin! Yes you may call me Jen. I feel like we’re soul sisters already. :-) Yeah…I guess my job is to die for. That’s why no matter how much I wanted to leave before, I just couldn’t. Of course it helps that my hubby has money as well. And aside from our incomes, there are still bonuses for me and commissions for him to look forward to. But we still can’t afford to have a family of our own. i still support my mom/dad/siblings, we’re buying a new house and I’d still lke to have our dream beach wedding, kahit ceremonial lang. That’s life. We can’t have it all but we can try, right?

Posted by sexynomad at February 5, 2007, 9:52 pm

Come to think of it, you earn more than my TL. :) Before siya naging STL; pero wala naman OT pays at night diff. Hay, iba din talaga sweldo sa CallCenters may daya. ;) About not having it all, just believe that everything comes true and it’ll happen.

Posted by kai at February 6, 2007, 3:13 am

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