Am I Ready for Financial Freedom?

Posted: May 22, 2019 in Nurse
Tags: , ,

As I am hanging around on my late twenties, a friend asked me if I am already on my way to financial freedom as she knows I am busy working for my two- bedroom house.

I smiled, and told her I am not. I am still a work on progress in terms of financial freedom as does by people my age. I am actually struggling to be on the path of financial freedom.

I have a good job as a travel nurse in the Kingdom of Saudi Arabia and roughly pays me a five-figure salary if converted to Philippine currency. It covers my monthly food and drink allowance, monthly mortgage, my life insurance, and housing insurance back in the Philippines. Because of benefits accompanied by my work, I am not paying for apartment rent, electricity and transportation. The money for these things is allocated to my mother’s allowance. Every month I am left with at least 200USD.

However, at the end of the month, I am left with just 50USD. Why? It’s a simple question that usually requires shaking my head and sipping a strong blend of coffee.

As a Filipino, I have the obligation to support my family at home. Whenever my sisters need money, I would lend them some. Also, I have cousins, whom I treat as brothers and sisters. They too would ask to borrow from me whenever they need things for their studies. I am their sister and/ cousin. I simply cannot say no to them.

That 200USD was always gone every month.

For 2019, I told myself to live a frugal life. I would not buy branded organic food, clothing and apparels. I should go generic from this ear onwards. Those expensive perfumes should not be on my shopping list anymore. I would refrain from buying expensive kitchen appliances as I can buy them in the Philippines at a cheaper price. 2019 should be the year where I would stick to my cheap shopping list. But because of my emotional tendencies and peers, I disregarded my shopping list. I would buy ‘healthy organic’ packets of quinoa, two boxes of pasta and branded cookies that cost me more. For five months now, I’d cash out more than I planned to.

My grocery/ food and personal shopping budget is in jeopardy every month.

My work eats my time. I spent long hours in the hospital than on my bed. My work drained my energy for cooking my own meals. With these situations, I tend to order food from online food carts like HungerStation often. Online shopping for clothes and shoes became my thing last month. I bought a laptop bag and a food processor because they’re on sale and the deal was great. I did not expect the shipping fee, though.

Shipping fees suck my pennies faster than my piggy bank.

I have to rewire my spending habits and budgeting powers to be on track to financial freedom. So I am ready.

  1. Patricia says:

    HI there! Fellow Pinay Nurse here in UK! I don’t think Nurses anywhere in the world are not paid enough to be financially free… No one gets rich becoming a Nurse… 😦

    • Hi Patricia,
      Yes. No nurse gets rich just by becoming one, and this applies in other professions too and freelancers as well.
      Though it’s a given that nurses worldwide are not paid appropriately for their job, I am not referring to being a nurse and/or having a job as a nurse to be financially free. Being financially free goes beyond the phrase. It’s your attitude towards financial freedom. I wish you get my point here. 🙂

  2. Kate Bonner says:

    Good luck on your journey! Many people are struggling just to get by on bills so know that you are not alone and it will come as long as you stay focused on what you want 🙂

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