July 2019 Net Worth Update
It will be in the same layout as last month as I want the net worth updates to stay as simple as possible and reflect real numbers and situations.
Again, July went by too fast in my opinion. Even though there were no holidays this month, I still felt like the days flew by too quickly.
I just woke up, only to realize it is already the month of August. Knowing that the -ber month is already waving at me makes me a bit anxious and excited at the same time.
Nothing much happened in the month other than deadlines and meetings. I see this as a good way because August will definitely be a busy month.
You can go to my personal blog for more inside story.
July 2019 Blog Update and Highlights
Something I am excited to share and shamelessly plug to you is that I now have an Instagram account for SavingsPinay.
I have no post yet but I already earned 21 followers which feels surreal if I may say.
For the longest time I’ve been thinking whether it will be worthy to create a separate Instagram Account for SavingsPinay since I already have my own Instagram account.
But because of the difference in the target audience and topic I decided to create a new one. You can follow me here https://www.instagram.com/savingspinay.ph/ or simply @savingspinay.ph
I will start posting content pretty soon and it will surely be different from the Facebook Page.
And in case you missed any of my posts for July 2019, here they are:
Blog Income Breakdown
Finally able to cash out my second payout for this year from Google Adsense.
I will be using the money I got as a capital for something exciting. I still can't talk about it yet but it will surely be up before the month of August ends.
For this reason, I won’t be putting the second payout on my extra income.
July 2019 Goals
Something I am excited to include in this new monthly recap is the update on my goals.
I believe one of the biggest mistakes I made last year was not reviewing and taking notes of my progress.
Thankfully, I learned my lesson and this 2019 I want to do it every month and be as transparent as possible. The set up of my goals update is based on Sir Joe of Retiredby40.org. He is one of the top bloggers I follow.
End 2019 with Php 250,000 net worth. For 2019, I want to be back as near as Php 250,000 in net worth. Even exceed the said target if possible. And this July 2019, I am 87% near the target.
Tithe 10% of whatever Money I Earn Every Month. This is a very important goal for me. Tithing is more than just a financial term. All of us are called to tithe and bring every tenth of whatever we have back to God.
I am tithing way much this year though compared to what I did last year because I re-calculated how much I am earning in a month and a year. I have cash benefits I receive that I need to tithe to like holiday pay, bonuses and allowances which I failed to include last year.
So yep, whatever money I earn every month including the blog (or any side hustle) income will be tithed.
Php 60,000 emergency fund. This is the main goal for 2019. I’ve failed this countless times and I don’t want to fail at it again this year. For July, I am now 59% of the goal. Isn’t that cool?
Monthly Transpo and Food <4400. Again, I failed the goal of staying below Php 4,984 for my both my transportation and food allowance.
Maintain a Working Opportunity Fund. The Opportunity Fund is composed of every side hustle I do. My Opportunity Fund has a significant growth thanks to the March 30 wedding event I did. But, I had to pay for the MacBook Air this May so I used some of it together with some from my bonus. In total my working opportunity fund is now at Php 16,000 which I guess is not bad at all.
Monthly Phone Bill <1500. Another less Php 1500 bill payment for phone. Sweet! My postpaid plan will end this August and I am planning to cut it down instead of renewing. Invest Php 48,000. For 2019, I plan to successfully maintain 30% saving rate every single month. I skipped some months last year and so this year, the goal is to not skip a month ever. To better track this I decided to just write down the amount I plan to invest with is 20%. The other 10% is saved on emergency fund anyways so you already have an idea on my progress from above. So far I am on track with this goal. I invested a total of Php 30,000.
Blog Goals Create a better "Archive" for the Blog. I was able to publish a new archive page for SavingsPinay last March. For May 2019, I worked in finding doing some little updates on the overall design of the blog. I don’t know if you noticed but I have a new tagline, I help Filipinos bridge the financial literacy gap one content at a time.
SavingsPinay really grew from a mere hobby to an advocacy now. Thank you for always reading my blog. But, I still have more things to do. Another archiving I wanted to do as a project this year is the “per topic” which was suggested during my 2018 Reader Survey.
I am also including my other blog, IzzaGlinoFull, for this goal and I have yet started doing any progress on the said site.
$500 Adsense Income. Adding the amount I earned from January to July, I have $196.93 earned. I am supposed to be in at least the $200 mark now if I want to really hit my total Adsense income goal for 2019. But, I’m hoping for a miracle as soon as I am able to revive my YouTube channel and post new videos which will make July pretty busy.
Double My Total Published Content. The past four months have been very hard for the blog. I badly need to get my priorities straight and get back to regular posting. To be as realistic as what I can commit for now with the new role I have at work, I will only publish three new posts on my beauty and lifestyle blog. For this blog, I am still aiming the twice a week. Thank you again for bearing with me.
Personal Goals Read 30 books. I have zero books read for the last three months – March, April, May even June which is a total bummer. That’s why I really am aiming to get back to my routines and hopefully finish four new books for the month of July. Here’s my Goodreads 2019 Reading Challenge for the current status of this goal.
Hike again. I had my first hike for 2019! I had twin day hike experience at Mt. Manalmon and Mt. Gola with my highschool friends. Here’s a quick diary post of the said climb with photos.
July 2019 Net Worth Update
Something that you will notice in my net worth update is that I separated my mutual fund accounts.
I am currently invested in an Equity Fund and an Index Fund so I thought it would be nice to see them grow separately.
For the Investments what you are seeing are the net meaning the money I have invested so far.
Next Month's Plans
I have so many plans for the month of August. I really want to maximize the weekend and the planned leaves I have to work on my personal life. I hope this blog is still living its purpose for you all. And thank you bearing with me for the past six months of not being as consistent as I should be.
Final Notes from SavingsPinay
What a month in has been for July.
How’s your finances in July 2019?
Izza of SavingsPinay helps Filipinos bridge the financial literacy gap one content at a time by providing insights and tips on budgeting, saving, investing, side hustle and growing your net worth. Aside from this blog she also writes at www.izzaglinofull.com, a beauty and lifestyle blog for frugal Pinays and manages, www.izzagevents.com, a wedding and event business since 2011. For inquiries, topic suggestions or future collaborations email her at firstname.lastname@example.org