How are you doing? If you’re new to SavingsPinay, you may be wondering why I post my net worth update every month. If you’re not you can easily skip to the next section.
The main reason why I do net worth updates is to stay accountable with my finances. As to why I share them publicly revolves mainly with my core objective of bridging the financial literacy gap among Filipinos one content at a time.
I hope you enjoy today’s post.
Can’t believe that June is already over. I thought June would be a better and more productive month than May but it wasn’t. I still felt unproductive and in a continuous slump.
Personally, June was such a roller coaster ride. I went to an overnight glamping with my high school friends one weekend, met with my best friend of mine after months, and enjoyed a day with my siblings and my pamangkins who visited me. Then came the sad part when I got the news that a dear friend of mine died.
Financially, the month went great. The market has been doing great for the month of June and the feeder fund which I invested just last month went all-time high. I was still working from home for the month of June so there was no discretionary expense other than the usual grocery, utility bills, parents’ allowance, and subscription fees. I also was able to budget well on the overnight trip I did with my high school friends and the date I had with my best friend.
You can go to my personal blog for more inside stories of my life.
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June 2021 Blog Updates and Highlights
As mentioned in the beginning, June wasn’t the best in terms of blogging. Same with April and May I only blogged once and it was the usual monthly net worth update.
I can only blame myself for what happened. I was lazier than usual and didn’t really spend that much time writing.
Here’s the one and only post I did for June 2021:
If you want quick money tips and other updates make sure you are following me on Instagram.
I also had another Calamansi guesting in June.
June 2021 Side Hustle Income Breakdown
I will be honest that my current Google Adsense payout is decreasing since April. I believe this is due to the lack of new posts. I am really hoping I can get back to my posting schedule in the coming months.
As for my Google Adsense income I am now at 61.7% of my goal of $500 Google Adsense income.
Sadly for June I didn’t have any side hustle income. Thus, there is a decrease in my extra income fund to pay for the recurring expenses I have on the blog.
June 2021 Goals
I posted my 2021 goals not long ago and something I learned to be very effective in life is the power of measuring your progress.
Excited to share with you how I’ve been moving in terms of my goals for 2021.
End with Php 500,000 net worth. Grateful to continuously move up in terms of my starting net worth. Although there is only a slight movement in terms of my net worth for June 2021, I am still hopeful for a better July.
Grow Side Hustle Income to Php 100,000 net. Grateful for all the opportunities opening up for the blog. However, for June I didn’t make any additional income. There is much that I need to work on, especially on my commitment and consistency.
Total Money Saved and Invested to Php 100,000 net. Since I also didn’t work at the site in June, I had more room for savings and investments. I was able to accomplish saving and investing more than 35% of my salary for the month. What I did is actually set up my mobile banking to transfer x amount of money every first day of the month to my brokerage account and my mutual funds. I’ve also been adding to my high-yield account every month as a form of extra savings since I already hit my emergency fund.
For June, I just continued my investment schedule as usual. I was surprised with how much my feeder fund grew in a month. From my initial investment of Php 10,000 in May, it’s almost at Php 11,000 already. My plan is to withdraw the return I get and reinvest in the fund so it will accumulate income.
Finish my 2021 Sinking Funds. I’ve shared my 2021 Sinking Funds in this post and I actually have two categories – personal and work. So far, each of my sinking funds are in progress. I made progress on my blog and business sinking fund with the set up of my filming studio/workstation. Now I only have two left on my blog and business sinking fund.
Blog and Business Goals
Upload 2x/week on YouTube.
For the past net worth updates, I’ve been mentioning that YouTube would be my biggest venture for 2021. I really want to publish new videos on my YouTube channel. The plan to have my first few videos up in February 2021 has been pushed to April instead.
Last April I made my comeback to YouTube and I can’t be anymore happy. After almost two years of hiatus, I was able to set up my Filming Studio/Work Station and finally uploaded my first video in two years! I hope you can support me in my YouTube comeback. Make sure to watch and like the video plus subscribe to my channel.
Blog 100 times.
I apologize sincerely for the lack of new posts since April. I’ve been quite busy from work as well as personal matters. I only published one post in June. I’ve been working from home yet I can’t seem to find time to write new posts.
Release at least three (3) Paid Products.
I mentioned how I set March as a busy month to plan all the hard work for my April 2021 paid product release. However, I had a major change on the product I will release for April. I kind of scrapped the whole concrete plan I already did last February 2021. No product release for April but I am counting my comeback to YouTube as part of the ventures I did for this year.
Get one (1) month ahead of blog posts. As mentioned, this area has been a work in progress pa din. The best I can do currently is one week in advance. At this rate, I’ve been able to write and publish all posts for the week over the weekend which allows me more time in the weekdays for other things. My plan was to hire someone to do admin tasks for the blog like creating graphics, posting on Pinterest, etc. But I didn’t push through with this.
Update blog Main Menus and Archive.
Updating the blog Main Menus and Archive will not only allow a better reading experience to my readers. It will also help me identify what posts I am missing. I also want to use the Main Menus to offer my services. In April, I was able to dedicate this task to someone and it’s already finished. My to-do list now is to implement the new Main Menus and Blog Archive.
Reach $500 Total Google Adsense Payout.
In my 2020 Side Hustle Income Report you’ll know that Google Adsense is one of the areas that I earn as a blogger. My main goal for 2021 is to continue earning well since it’s more of a passive one. With $308.99, I am now more than halfway to reaching this goal.
Read 20 books.
For 2021, my target book to read is 20. In June finally I added The Widow of Wall Street by Randy Susan Meyers in the list.
June 2021 Net Worth Update
I’ve been tracking down my net worth since 2017 and it’s very motivating to see my progress. Grateful I am now green in terms of my net worth. I’ve been pretty consistent in following my savings and investment schedule which is really A-MAZ-ING.
Some things to note in my June 2021 Net Worth Update:
- The month of June wasn’t as exciting compared to May 2021. No extra income from side hustles and no bonus as well. However, the market did well for the month of June and I’m truly grateful for it. I am still on track with my saving and investment schedule. I am not as worried with the current value because I am investing for the long term.
- The main reason why I need to make money on my blog is because I have recurring expenses to maintain it. June 2021 is a perfect example of a month wherein I didn’t earn any income yet I have expenses to make.
Next Month’s Plans
June will definitely be spent doing two important tasks – do a mid-year review and update my financial game plan. It’s all about revisiting the goals I set for 2021, reorganizing my budget, and redefining my next actions to finish the year strong.
From my mid-year bonus in May I followed as planned but decided not to buy the treadmill anymore. I’ve weighed the benefits having one will be for me but after 30 days, I settled that it is more a want rather than a need at the moment. I am reserving the money as a preliminary investment as I open my MP2 Account online.
I also need to prepare myself since by mid-June I’ll probably report back to work-at-site. I have to make sure I plan my budget and my meals since I’m also currently living alone. I need to step up in content creation as well. I’ve been missing in action lately and gusto ko makabawi.
June is all about the Season 2 of the SavingsPinay Podcast and more YouTube videos up on my channel. If you haven’t listened to The SavingsPinay Podcast go to Spotify, iTunes or Google Podcast and search SavingsPinay Podcast.
For YouTube, I realized I can only do one video a week for now. Still, I plan to release money-related videos soon and not just hauls, routines, and vlogs.
What should finally happen this July – send out newsletters and release the new archive of www.savingspinay.ph
Last Month’s Goals:
Spend my mid-year bonus wisely – DONE
Prep for SavingsPinay Podcast Season 2 – FAILED
Release new YouTube videos every week – FAILED
Release weekly newsletter – FAILED
Stick to budget + track expenses – DONE
Money Goals This Month
📌 Conduct a Mid-Year Review
📌 Update my 2021 Financial Game Plan
📌 Open MP2 Account online
📌 Prepare for back to work-at-site situation including budget and meal prep
📌 Bulk up on contents for the month of June
📌 Release Season 2 of The SavingsPinay Podcast
Final Notes from SavingsPinay
Thank you for reading my June 2021 net worth update. I am eager to do more next month.
How’s your finances for June 2021?