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Money Matters WAHM Diaries

Help! I’m Living Beyond My Means

Re-evaluating Finances

This is all so foreign to me.

I mean, I used to run a regular Finance Fridays column in my old blog, Davao Mommy. I used to spew all kinds of financial wisdom — from technical stuff like investing in stocks or mutual funds to life concepts like being contented and living beneath one’s means.

I know we used to live way beneath our means. Despite paying for the amortisation of a house and lot, we were still able to set aside ample emergency fund.

Things are different now. We’re no longer paying for amortisation (we actually withdrew our application and, with the refunded payment, bought a bigger lot just outside the subdivision). I am no longer freelancing and have been working as a full-time employee for a year now, and Job is in Riyadh. Ideally, we should have been saving more because the income is more regular, but the bitter truth is, our savings account are stagnant.

Well, it’s funny how regular salary gives you a false sense of security. I thought we were doing okay, financially, until I took the time last weekend to assess how we were really doing.

The Hidden Expenses

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