Friday, November 26, 2010

Why did I came with this idea and my current financial status?

Well, this is something that just occured to me and I just thought this would be a good direction for me to undertake since I have been dreaming even way before to be a millionaire at the age of 24 and now I am 25 and I did not achieved my dream.

So here I am with the following:

1. part-time faculty for history subjects - salary 3,000php

2. freelance work - income around $500-$1,000/month

Expenses:

1. monthly mortgage of the house - 13,000php

2. monthly salary for my husband for helping me in researching - 4,000php

3. monthly bill globe broadband - 2,350php (inclusive modem for first 3 months)

4. monthly electric bill - 3,500php

5. monthly rent - 4,500

6. monthly groceries for hubby - 2,000

7. monthly going out expenses - 2,000

MONTHLY EXPENSES - 31,350php


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Debts
1. owe salary for writers/designers

Ms. R - 2,300php
Mr. J - 4,500php
Mr. A - 1,500php
Ms. P - 200php
Ms. C - 400php
Ms. M - 1,600php
Mr. B - 3,000php

2. owe sis - 2,000php

3. owe Mr. P - 4,000php(due nov. 28, 2010)

4. owe Ms. L - 2,300php (due nov. 28, 2010)

5. PLDT (bill unpaid) - 20,000php

6. smartbro (bill unpaid) - 3,000php (due dec. 10, 2010)

7. avon purchases, etc... - 5,000php (1,150 due nov. 30, dec. 20 3,850php)

8. credit and clothes - 1,000php

9. get lcd in the pawnshop - 3,500php

TOTAL DEBTS: 54,300php

SAFE ESTIMATE: 40,000PHP (total income)

NO BANK SAVINGS AT ALL...

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