Mommy Tech Talk
Normally, I just let my dollar earnings sit in the bank because I am lazy to visit the bank and have them converted to pesos. Banks also have silly rules on dollar withdrawals. Anyway, the good side on all this is I am able to save for a rainy day. However, the strong peso got me thinking. I started to convert my dollars on “what could have been” at the old exchange rate and the current rates. I refuse to think of “what could have beens” because I should be grateful that I am still liquid. After reading Abe Olandres’ Weakening Dollar hurts Probloggers, I started to think that maybe I need to spend a little more.
That’s a net loss of Php13.13 for every dollar that I have in the bank. That loss closely amounts to a brand new car or a down payment for a house and lot.
Ugh, I did lose a lot on the conversion.
So what did I do? Oh yeah, I went on a mad shopping spree for Christmas presents.