Here is an update:
Mortgage (less 5,000) 55,000
Globe 5,500 (got the new bill)
Smart Bro 4,000
Mr. E 10,440 ---> 400 PAID
Electric Bill 5,000 ---> 2,000 PAID
Coach 1,000 ---> 1,000 PAID (registration fee for volleyball tournament my students joined)
Mr. A 2,000 ---> 500 PAID
Mr. J 2,000
Club Ultima 10,000
Prepaid Credits 1,000 ---> 1,000 PAID (lost connection to broadband we are using usb modem at home)
Going Out (eat, massage, etc) 1,600 ---> 1,600 (all consumed)
Salary Husband 1,000 ---> 1,000 PAID
Smart Bro usb 500 ---> 500 PAID
I am very far from my target income due to the following reasons:
1. I just slept since Sunday-Wednesday did not do work I was so darn lazy to work so no income for 3 days.
2. I was so busy reading the articles, editing, and sending them over to clients and got less time to write.
3. The house is full of distractions. I can not concentrate working, radio is playing loud everyday until 10pm, T.V. behind my back sisters watching cable/DVD, and husband watching movies in the room quite loud.
Before the month ends, I am planning to join:
1. IMG and have an insurance - 6,500 approximate cost, additional 2,800 as an expense for my insurance monthly for 5 years.
2. Studying how to drive, I am bit confused whether it would be manual or automatic that's 8,000php (one time).
3. I am paying someone 2,500php to run errands for me paying my bills on time. I also want to help her out.
4. NBI clearance, TIN number and passport processing about 3,500 estimate.
Additional expense of: 20,500 for May 2011.
As for my monthly it will be the following (provided I paid all of my dues):
Mortgage - 13,000
Sky Cable - 780
Globe - 1,999
Smart - 999 (not using this one, since office was closed but need to pay them)
VECO - 3,500
Insurance - 2,800
Club Ultima - 8,000
Load - 300 (sun unlimited 150 and regular 150)
Groceries - 3,200
ME Time - 2,000
Total: 36,578
Expenses that serves as my porftolio or investment:
1. Insurance - 2,800
2. Club Ultima - 8,000
3. House - 13,000
total: 23,800 for investment
Utilities and extra: 12,778php (will try to reduce this)
Salary:
Writers - 70,000
Husband - 8,000
VA - 4,000
PA - 2,500
Total: 84,500 (taken from my writing business)
Target Net Income/month: 50,000 (writing business)
50,000 (article writing work)
I need to have the following:
1. EMERGENCY FUND (SAVINGS): 36,578 X 6 MONTHS = 219,468
2. Time deposit of 100,000
3. Investment on mutual funds of 20,000
4. Investment on stocks of 20,000
5. Capital to fund business for Mrs. L and Mrs. A worth 25,000 each
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Will start my race again on June 2011 and sort my past dues with bills, and mortgage. Therefore, I got 7 months from June 2011 to raise 1 million in cold cash.
That's 142,000php per month net income and savings.
The following are my problems:
1. Lack of motivation
2. Lazy
3. Do not stick with plans
4. Broken promises
5. Spend on things I do not need to spend on
6. Unplanned going outs
Starting today, I will be more focused, do not get tired and always be on the right path to get on my goal.
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