How are you doing? If you’re new to SavingsPinay, you may be wondering why I post my net worth update every month. If you’re not you can easily skip to the next section.
The main reason why I do net worth updates is to stay accountable with my finances. As to why I share them publicly revolves mainly with my core objective of bridging the financial literacy gap among Filipinos one content at a time.
I hope you enjoy today’s post.
How quick did the month of April pass by?
April 2021 was a month of change in my personal life. It seems like a new chapter of my life has begun. Last April 10, my parents and youngest sister moved to our province at Eastern Samar for good.
We planned the move as a family in August 2020, and after months of delay due to changes in the quarantine measures it finally happened.
For the last four weeks I’ve been learning to live alone. I’ve done my first grocery and my first few errands in the house. It was such an experience and I’m taking each and every day of this new season. I know God will be way, way ahead of me no matter what. I’ll trust His provision over this new chapter.
I also spent the whole month of April working from home which helped me in adjusting to the changes in my life. I was able to set up my working/filming station, clean the house, and learn to meal prep.
With that I also like to report that I spent most of my money on grocery shopping and buying items needed in the house. More story about this on the latter part of this post.
You can go to my personal blog for more inside stories of my life.
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April 2021 Blog Updates and Highlights
Sadly, April was such a busy month for me. Living alone has its cons as well. Unlike before when I had my mother to cook meals, now I have to do it on my own. Same as with cleaning the house, washing the dishes, washing clothes, etc.
And I didn’t realize those tasks actually take time. Or maybe I’m just making excuses for my lack of posts for the month of April. For that I do apologize.
For April 2021, I only posted four articles. In case you missed any of my posts, here they are:
March 2021 Net Worth Update
Emergency Fund – What, Why, and How
S1EP10 Give Back
Reader Question – What is your money advice to a 30-year old
Even though I’m sad that I wasn’t able to publish as many posts as the previous month, I still count the month of April a success.
I was also able to do a comeback on YouTube!
After two long years, I finally uploaded my first YouTube video for 2021 and it’s a Plan with Me for May 2021. It’s a video where I shared a step-by-step process on how I prepare for a new month. I share the questions I answer when I do my monthly review, a glance at my bullet journal set up, my social media calendar and my budget for May 2021.
If you want quick money tips and other updates make sure you are following me on Instagram.
April 2021 Side Hustle Income Breakdown
For April 2021, I reached a new Google Adsense payout but I have to wait until the next month to cash out the money. Again, thank you for the continuous support for the blog.
I am now at 52% in my goal of $500 Google Adsense income.
Aside from Google Adsense, I also got a new money coaching student. We had a discovery call and first session so the money is now reflected on my net worth update. I’ve briefly talked about what the Money Coaching Program is on my 2020 Side Hustle Income Report.
If you’re interested in what this money coaching is all about you can send me a message as well via email on email@example.com.
April 2021 Goals
I posted my 2021 goals not long ago and something I learned to be very effective in life is the power of measuring your progress. Excited to share with you how I’ve been moving in terms of my goals for 2021.
End with Php 500,000 net worth. Grateful to continuously move up in terms of my starting net worth. The journey may be slow and steady but I’m already seeing some good opportunities happening specifically on the side hustle income. I again moved a bit on my starting net worth. So far, I still feel like I can manage accomplishing this goal. Since I already have my emergency fund checked, it really gives me that upperhand on my finances.
Grow Side Hustle Income to Php 100,000 net. Grateful for all the opportunities opening up for the blog. I reached a second Google Adsense payout and a new enrollee for the Money Coaching Program.
Total Money Saved and Invested to Php 100,000 net. Same as March, I didn’t work at site in April. This opened up more room for savings and investments. I was able to accomplish saving and investing more than 35% of my salary for the month. What I did is actually set up my mobile banking to transfer x amount of money every first day of the month to my brokerage account and my mutual funds. I’ve also been adding to my high-yield account every month as a form of extra savings since I already hit my emergency fund.
Finish my 2021 Sinking Funds. I’ve shared my 2021 Sinking Funds in this post and I actually have two categories – personal and work. So far, each of my sinking funds are in progress. I made progress on my blog and business sinking fund with the set up of my filming studio/workstation. Now I only have two left on my blog and business sinking fund.
Blog and Business Goals
Upload 2x/week on YouTube. For the past net worth updates, I’ve been mentioning that YouTube would be my biggest venture for 2021. I really want to publish new videos on my YouTube channel. The plan to have my first few videos up in February 2021 has been pushed to April instead.
And I’m glad that I finally made huge progress for this goal.
I was able to set up my Filming Studio/Work Station and finally uploaded my first video in two years! I hope you can support me in my YouTube comeback. Make sure to watch and like the video plus subscribe to my channel.
Blog 100 times. I went back to publishing less posts compared to last month. I only published four posts compared to April. The month has been way tougher compared to March. Even though I’m working from home for the whole month of April, I wasn’t able to write more posts that I planned to do.
Release at least three (3) Paid Products. I mentioned how I set March as a busy month to plan all the hard work for my April 2021 paid product release. However, I had a major change on the product I will release for April. I kind of scrapped the whole concrete plan I already did last February 2021. No product release for April but I am counting my comeback to YouTube as part of the ventures I did for this year.
Get one (1) month ahead of blog posts. As mentioned, this area has been a work in progress pa din. The best I can do currently is one week in advance. At this rate, I’ve been able to write and publish all posts for the week over the weekend which allows me more time in the weekdays for other things. My plan was to hire someone to do admin tasks for the blog like creating graphics, posting on Pinterest, etc. But I didn’t push through with this plan.
Update blog Main Menus and Archive. Updating the blog Main Menus and Archive will not only allow a better reading experience to my readers. It will also help me identify what posts I am missing. I also want to use the Main Menus to offer my services. In April, I was able to dedicate this task to someone and it’s already finished. My to-do list now is to implement the new Main Menus and Blog Archive.
Reach $500 Total Google Adsense Payout. In my 2020 Side Hustle Income Report you’ll know that Google Adsense is one of the areas that I earn as a blogger. My main goal for 2021 is to continue earning well on it since it’s more of a passive one. With $261.22, I am now halfway to reaching this goal.
Read 20 books. For 2021, my target book to read is 20. I didn’t finish any new book for the month of April 2021 but I am currently in the middle of reading The Widow of Wall Street by Randy Susan Meyers.
April 2021 Net Worth Update
I’ve been tracking down my net worth since 2017 and it’s very motivating to see my progress. Grateful I am now green in terms of my net worth. I’ve been pretty consistent in following my savings and investment schedule which is really A-MAZ-ING.
Some things to note in my April 2021 Net Worth Update:
- The market has been rough for the month of April 2021. Since I’m working from hope for the whole month, I had more money for savings and investments. The best thing right now is I am on track with my saving and investment schedule. I am not as worried with the current value because I am investing for the long term.
- The main reason why I need to make money on my blog is because I have recurring expenses to maintain it. For April, I barely got even because of the money I received from the money coaching.
Next Month’s Plans
And now we’re finally in the month of May!
May is actually an exciting month for me financially as I will receive a mid-year bonus. I want to make sure that I spend it wisely and I already have four main buckets for it 1.) Additional tithes 2.) Buy a treadmill 3.) Give extra money for parents and 4.) Additional savings and investments
I’ll also want to prepare for Season 2 of the SavingsPinay Podcast. I made preliminary plans already and it’s really up to me to finish those and start recording. If you haven’t listened to The SavingsPinay Podcast go to Spotify, iTunes or Google Podcast and search SavingsPinay Podcast.
With my filming studio/workstation done I finally uploaded videos on YouTube. My goal is to continue doing so for May and upload every week. I also plan to release money-related videos soon and not just hauls, routines, and vlogs.
Another milestone for me for April is to be able to delegate some of my admin tasks. I’ve been thinking about this a lot and I feel like I can’t achieve my plan to get ahead on posts if I don’t free myself with the administrative tasks.
For May, I want to make sure to release new newsletters, stick to my budget, and track my expenses.
What should happen this month – send out newsletters and release the new archive of www.savingspinay.ph
Last Month’s Goals:
– Set up Filming Studio/Work Station – DONE
– Learn to Meal Prep – DONE
– Release remaining SavingsPinay Podcast content (Last episode and season break) – HALF-DONE
– Delegate some admin tasks – DONE
– Follow saving + investing rate – DONE
– Release SavingsPinay newsletters – DONE
– Launch Product #2 – CANCELLED
– Stick to budget + track expenses – DONE
Money Goals This Month
📌 Spend my mid-year bonus wisely
📌 Prep for SavingsPinay Podcast Season 2
📌 Release new YouTube videos every week
📌 Release weekly newsletter
📌 Stick to budget + track expenses
Final Notes from SavingsPinay
Thank you for reading my April 2021 net worth update. I am eager to do more next month.
How’s your finances for April 2021?