So How do I budget my Money?

This is a follow up on my post yesterday on how to budget money, as of now, I am currently paying off my loans. Currently, I am 65.89% on attaining my financial balance goal and 16.63% on my D-to-E ratio goal. My D-to-E ratio is currently pegged at 1.6848 but I think I could make this better by the end of summer. These numbers are currently changing due to my adjustment period when I move to Bataan. I’ll be updating this page as soon as I get adjusted and get more information.

2013 BalanceFortunately, I am 3.33% better (March balance) than my previous balance making it 7.77% better than my projection. This April, I am 9.55% below my last month’s balance but 5.54% better than my projection. I am nervous with this month’s balance that it might fall below my projection which will hurt my overall balance and projections for my upcoming months.

ComparisonComparing my projections from 2011 up to the present I think I’m doing better, I still have to do better! So far I won’t be reaching a plateau yet and I hope I won’t in the near future. The balance from May 2013 to December 2013 are still projections.

The pie chart above is my current budget profile but I have to adjust this as soon as I pay off my debts like below.

In a wishful thinking, I should be able to get the rest of my pay by the first or second week of May and this should include the following:

  • Pro-rated 13th month pay
  • Unpaid salary due to cut-off – most companies implement 10th and 25th cutoff time for payroll. Assuming you resigned on the 30th, that means your backpay includes 5 days of work.

(source: http://www.callcenterbeat.com/how-to-compute-back-pay-in-the-philippines/ April 3, 2013)

I just hope it covers what I have loaned for.