Net Worth – August 14, 2020

In this month’s net worth computation, I moved the outstanding loan component of our conjugal property to the liabilities section. In previous months, I listed the value of the property net of the outstanding loan*.

Net Worth

14 AUGUST 2020

ASSETSSub-totalTotalLast Month
Cash (Bank)175,507.74155,369.75
Cash (On hand)1,400.001,400.00
E-Wallet (e.g., GCash)825.70
Investments (Market Value)41,660.7331,413.77
– Stocks29,498.10
– UITF12,162,63
Condo (Conjugal – List Price/2)1,303,500.00*758,867.50
Personal Loan or Credit Card0.00(5,635.78)
Mortgage (Outstanding Loan/2)(553,802.45)
as of August 14, 2020
Note: We are a dual income family with no kids. My husband and I keep our finances separate and he has his own emergency fund in case one or both of us lose our jobs

My net worth increased by Php 27,676.48 (2.85%) since last month.

I can’t find words to express how grateful and fortunate I am that I am still able to save right now. I intended to save more, but I didn’t feel like it.

Expenses increased this month due to the following:

  • My husband and I decided to buy more of our food from friends and from other small businesses. More food deliveries also meant more ‘tip’ expense to delivery people.
  • We contributed money for the laptops of my husband’s nephews.
  • I got suckered into online shopping.

This quarantine is seriously getting to me.

The last time I saw my parents, brother, and pamangkin was February. I miss them. I also miss walking in a park surrounded with trees.

I stopped checking the news entirely and distracted myself with online shopping. I don’t want to beat myself up over this, but I learned that I’m susceptible to overindulgence when I detach myself from what’s going on. Although I have to admit — it was really good to chill for a bit. Next time I need time off, I’ll direct my energy towards activities that don’t involve spending money.

Anticipated Expenses

Next month, I’m anticipating huge expenses.

  • House Repairs – My parents’ house needs repairs which we hope would be completed before typhoon season officially comes.
  • Sibling’s Laptop – My younger sibling will start distance learning soon, so I’ll need to buy a laptop and computer accessories.

Overall, I am glad to be in a better mental state compared to last month. I’ll try to be more present and avoid thinking too much. Maybe I’ll consider this year as sort of a gap year. We’ll see.

9 thoughts on “Net Worth – August 14, 2020”

  1. I like that you included E-Wallets here. I was actually thinking of adding that to my net worth update last month, but totally forgot. This should be the new normal moving forward, actual money is too dirty!

    Nice to see your updates. Keep it up!

    1. I haven’t found the need to withdraw cash because all of our transactions the past month were cashless. Paymaya and Gcash are awesome. It also eliminated the need for change.

      We are also able to tip delivery people (grab delivery) via grabpay.

  2. The first two reasons for overspending – so nice of you to do those! I’m also thinking of celebrating my birthday by just buying from small businesses. The third reason – same here. XD We just sometimes need that outlet in the form of online shopping. :))

    Love that idea of a gap year! I’ll think about that too. Stay safe!

    1. Advanced Happy Birthday!!! Have you joined the “Buy Locals for Locals” FB group? That’s usually where I look for stuff 😅

      Anyway, when I started reading the news again, nahimasmasan na ulit ako 😂 Back to not buying stuff.

      Stay safe Maven!

  3. Congrats on the 27k savings! That’s impressive, and even more so given that you’ve been online shopping! 🙂 I’m thankful to this pandemic for opening my eyes to the importance of personal finance, but the blows it has dealt to my wealth-building is also starting to take a toll on my mental health. The worst thing is not knowing when it will end.😫

    Btw, how did you get your net worth breakdown display so neatly? it looks amazing.❤️

    1. Thank you, Nat!

      What’s helping me right now in keeping my mental health in check is trying my best “not to sweat the small stuff”. I’m considering money to be one of the “small stuff” since my basic needs are met. I’m worried about stressing myself out to a point where my immune system would suffer and I would catch COVID-19 😭 (I’m not sure if I’m the best person to talk about this though, because as the name of the website says, I’ve always been chill with money).

      Re: my net worth table, I’m using the block editor on wordpress (instead of the classic editor). There’s a “block” for table, and then I just copy-and-paste the values from google spreadsheet. The table block doesn’t work on the WordPress mobile app though ☹️ You have to be on a desktop/laptop.

  4. I’ve been patronizing my friends and relatives’ food businesses too, so we’ve had a steady supply of ube cheese pandesal, egg pies, cookies, frozen meals etc. I categorize those expenses as part of our eating out budget and try to limit to one homecook or homebaker per week, also in keeping with our eating out routine of only going to restaurants once a week.

    1. Thank you for the idea. I find a way to live below my means but, I have to confess, I don’t have a budget/spending plan yet. I still don’t know how to go about it in a way that fits my personality and in a way that I don’t get overwhelmed, but that’s definitely next on my to-do list.

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