My Finance Organizer
I am happy with the things that happened to our family this 2015. We did not win the Lotto but what makes me feel blessed was we did not experience any major health problems (besides the time I brought Ren to the hospital for a Dengue check up which I’m thankful was negative). Sabi nga, di bale nang hindi mayaman basta walang sakit okay na! I agree with this 100%.
I was able to finish paying for some debts (and hoping to finish the remaining balance soon) and for the longest time we did not borrowed a new loan. Praise God!
I promised that before the year ends, I will also open a Life Insurance for me and Noel (which I regret I did not start 10 years ago). But it’s better to be late than never, right?!
As freelancers and work at home mom and dad, we can’t always rely to receive salary every 15th and 30th of the month. Usually delay pa nga, and it’s hard to do budgeting.
I hope that getting an organizer like this will help me in organizing our finances even more.
So what are the things I included in this finance organizer?
TITHE– as a Catholic we were not forced to follow the 10% Tithe in our church. When I was young, I am used to seeing people put coins on the basket going around the church during “paghahandog”. There’s nothing wrong with it especially if you’re not earning enough. But, when I attended The Feast, I realized that you need to return what is for God and based on my experience He never lets us down. He returns it doubled or tripled. This is what I choose believe.
Emergency Funds– 20% of your income should go here. I hope that we’ll be able to fill this up. To help you know how much to put here, you need to study your monthly expenses. The emergency fund should cover at least 3-6 months of your monthly expenses.
Life Insurance – If you are the breadwinner and you love your family, you need to have a Life Insurance. I already talked to a financial advisor. We will sign a contract before the year ends. I choose to get a life insurance with return of investment that we can use when we retire.
Fire/Car Insurance – we have 2 houses, we don’t have a car so I only choose to indicate Fire Insurance. We don’t wish for something to happen but in case at least we are prepared. Sabi nga okay lang manakawan, wag lang masunugan.
BILLS – I have an area for water (which includes home owners fee ), Meralco, Internet and Cable. Ren’s therapy is included here too. Those are the things we need to have a budget every month.
For Nanay – It’s not much because my mom sometimes refuse to have it but I still give her some extras.
Then there’s the area for WANTS, House renovation and Travels – these are my less priority.
I am looking forward for a better and blessed 2016. Let’s all pray that we will all achieve our financial goals. AJA!!!