Another 1,000 top-up on my FAMI SALBF account

                                         A Black & Decker Hand Drill @ P 2,499.00.
                     A kitchen faucet & bathroom faucet that needs to be replaced @ P 1,382.50.
                                       A 14k Italian Gold necklace @ P 3,360.00.

These are the things that finally ruined my financial plan last June.
Just as I thought I was about to zeroed my credit card bills emergencies happen.
Our kitchen sink faucet & bathroom faucet are leaking.
There are some areas in our house that must be fixed so a hand drill is needed.
And out of depression these Italian rope necklace flashes in my eyes @ Market Market then again another swiping of credit card happens.

While I was in the process fixing budget & debt last June I was also thinking of ways on how to make an additional 1,000 on my FAMI SALBF Account.

SOLUTION ....Cash loan on Credit Card.
When it comes to cash loan - suki na ko sa Eastwest Mastercard.
Just one call & within seven days after verification they will automatically deposit the cheque to my BPI savings account.

I sort out my finances before compounding interest in my credit card happens.
So I decided to cut back some of my savings.
Then afterwards I filed a P15,000.00 cash loan at Eastwest MasterCard @ 1.5% add on interest for 6 months last June.

Here's the details of my cash loan:
15,000 x 1.5%     = 225.00 - add on interest/month
225.00 x 6 months = 1,350.00 - total interest for six months
15,000 / 6months = 2,500 - monthly principal
2,500 (principal) + 225.00 (int) =  P2,725.00 my monthly bill

*I lend the P10,000.00 in one of our neighbor with 14% interest (P1,400.00).
(She already paid it in full last July 30 so the 6 months interest were already covered)
*I used the P3,000.00 to pay off some of my credit card balance I had on my BPI Mastercard & Metrobank Mastercard.

*I lend another P3,000.00 in one of my officemates with 12% interest payable for two months.
*I used the P 4,000.00 to redeem the necklace my mother pawned last March.
*I lend the remaining balance to some of my colleagues here @ work @ 12% interest for two months which they pay every 15th & 30th of the month.

I cannot write down the details anymore since the remaining balance are rolling while paying for my monthly obligations to Eastwest Mastercard (Im on the 3rd installment this September).
I was able to accumulate another P1,000.00 interest (from this money lending raket here @ the ofc) then I used it again to buy an additional 350 share in my FAMI SALBF account.

My 2nd Top up :)

Target Reached for September !!!
Thank God everything is doing well today.
Happy Weekend!!!