Archives for April 2012

Staycation: Banza Church Ruins

I read the first entry in my journal for this year and I wrote:

I also know that working hard and working smart are two different things.

I want to work smart and live well. Living well entails making the most of what is given to me. So instead of a vacation over the Holy Week, my cousin and I explored our own city.  I live in Butuan so I might as well explore what Butuan has to offer.

If you happen to get a tourism pamphlet when you arrive in the Butuan airport, one of the tourist spots listed there is the Banza Church Ruins.  My grandmother is from that area yet I can only count in one hand the number of times I have been to that part of the city.

I already saw this area when we went on a boat ride to Magallanes.

I got curious. My aunts were not interested. They have been living in this city for too long. This mini-adventure does not seem to excite them anymore so I found a kindred spirit in my younger cousin.  On Holy Wednesday, we went on a little adventure. We walked to the terminal for tricycles going to Banza. We were lucky that the Banza residents who were in the same tricycle with us were helpful. I already started to lose trust in the driver for he wanted to take advantage of our clueless state. One passenger, a young woman, was helpful enough to tell her neighbor who was also in the same tricycle with us to give us directions. He lives near the site.

It only takes a 10-minute leisurely walk from the main road to reach this place.

It is not a world-class tourist destination of sorts. It is just an open area with a marker and a reconstruction of a ruined church. The actual ruin is wrapped inside that Balete tree.

Goats grazed the open field.

It may not be a grand tourist spot but I love the place.  It is peaceful and calming. Agusan River, the third longest river in the Philippines according to Wikipedia and the longest river in Mindanao according to Encyclopedia Britannica, showed its gentle side.

The afternoon sun basks in its glory.

Indeed, the best things in life are free.

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This is Day 17 of the 30-day blogging challenge.

Pretty Things I Found Today

Beat the summer heat even without Magnum

This is not a Magnum post.  I still have not tried Magnum. Even if I want to, I can’t find one in my city. I resisted buying one when it was introduced to avoid the craze. Now that there are no more stocks left, I want one! HA!

Here’s an interesting infographics on Magnum by myManila.net.

Sorry for being sidetracked there.

Here is the formula to beat summer heat: FRUIT+ MILK + SUGAR.

Avocado in my part of the world is dessert. 😀

We cut these in halves.

We scoop out the fleshy meat.

Blend with sugar and milk.

This is the same device as this one. It is 5-in-1 wonder.

After blending, we freeze the mixture to make ice candy…

and sherbet.

But wait there’s more! ( I sound like an infomercial)

We can try another fruit. How about melon?

We cut the fruit in half.

We scoop out the seeds. Don’t throw them yet. Strain them to get the juice.

We grate the flesh; mix with milk, sugar and the strained juice.  Refrigerate.

And we have this for dessert.

For days when we do not have fruit in the kitchen, we dig into our pockets and look for P20 to buy this one.

I like the white chocolate flavor.

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This is Day 15 of the 30-day blogging challenge.

Found my drawings

I learned how to draw in high school. Our art teacher was so good that when I went home for a vacation, it looked like I went to an art school and not a science high school. I had a better grade in art than in science.

I think my mother threw away all my artworks in one of her routine general cleaning. I still have my sketchbook from college. I used to draw when I got bored.

Slippers

My roommate’s water jug.

This is my small chair, the first birthday gift I got  from my roommates. I still have this chair.

From my art class, I learned to sign my work.  (Yep. My age shows.)

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This is supposed to be Day 14 of the 30-day blogging challenge.

Frugal Living and Suze Orman

Spend less, earn more.

With so many attractive things in the market, who can resist buying new clothes, shoes and gadgets? I raise my hand up. I can!

This came in the mail today.

I did not request for one. It came with a booklet with terms and conditions.  Oh, come on!

If someone hands me a credit card where I do not have to pay annual fees (or beg for it to be waived), be my guest. For now, I love the feeling of real money in my hands. I had to call (at my expense) the credit card company to cancel the card.

This is the second time I received a credit card with my name in the mail. They came when I do not have a regular job. Ironic, huh? They want to take control over what little savings I have left in the bank by luring me with “freebies”. This is a trap. Who are they kidding?

Lessons from Suze

Suze Orman came to the Philippines through the invitation of BPI last February. Here are a few things she said:

“If you have credit card debt, what that says about you is that you are buying things that you can’t afford,” she said, urging banks to issue credit cards only to those who could responsibly use credit. (Source: Inquirer.net)
 

I am a responsible person with it comes to money but I think that the bank who issued the credit card just based their criteria on age of my account in their bank and the amount I have saved. I’ve been their client since 1997.  They did not even bother to check if I still have a job or not. I will never buy things just because I want to let people know I can afford them. (Say hello to my 7-year-old Nokia6230i and Canon A510).  I never cared for status symbols. I know who I am.

“Parents should teach their children financial responsibility at an early age…there’s nothing wrong in asking adult children who live with their parents to pay for rent or living expenses—even if the parents can afford to shoulder all household expenses.” (Source: Inquirer.net)
 

I lived with my parents even when I was already earning. (It is a common practice in the Philippines.) However, I was given the responsibility to pay the utilities (power, water, telephone, cable) when I got a my first raise. We all had jobs then yet I never complained. I thank my parents for that responsibility or else I will never know how to manage my money wisely.

“She reminded us that jewelry are actually bad investments and that people buy them only to impress others and not as a real investment.” (Source: rappler.com)
 
 

I agree. I know people who think jewelry can save them during rainy days. You can pawn them in times of need but pawnshops only pay a third of its value. You say goodbye to your precious jewelry when you cannot redeem them on time. The only accessory I like to wear is a watch. Now, I do not wear one.  (My cellphone has a clock.)

“…start teaching children about money the moment they are born… Kids do not listen to what you say, they do what you do.” (Source: rappler.com)

 

My parents always had a bank account even if it only contains a minimal amount. When I was small, they opened a bank account for me. ” It is for my future,” they say. When my grandfather needed money and they used the money in my bank account, it taught me two things: I need to save for the rainy days and it is okay to spend money for your loved ones in need. I should not be greedy with money if I have something to share.

With the help of compounding, she said a person who would set aside $100 a month starting the age of 20 would end up with $1 million upon reaching 60.  But if one waits until age 30 to start setting aside, the same person will end up with only $300,000 at age 60. This 10-year delay in starting an investment plan has thus cost the person $700,000, she noted. (Source: Inquirer.net)

 

I do not know how she got her figures or what investment scheme she is imposing.  This is something to be happy about. Say hello to me, a (peso) millionaire in 2037. HA! I started working at 19 and, like any employed Filipino, my contributions to SSS and Pag-Ibig are mandatory. I think the monthly contributions were more than Php100 a month. So following her example, we will have several Filipino multimillionaires by 2037!  By that time, rice might be P500/kilo and the millionaire label may not be worth anything. 😛

Crunching the numbers

I do have this excel table whenever I need to plan my savings.  I used this when I need to buy an expensive item. Please note that the amount is for illustration purposes. I do not have that money.

If you have 100K, and you save 1K/month, you will have P710,000+ in 30 years at 3% interest.

Now if you can find an investment channel that will give you 9%, you will have P1,936,235++  in 30 years.

If you double your monthly savings at 9% interest,  say hello to P3,131,000++ in 30 years.

This is quite a fun exercise but I do not get obsessed with it.

After all, money cannot buy happiness.

 

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This is supposed to be Day 13 of the 30-day blogging challenge.