obstacles
Beating the Recession
A few months ago, a friend of mine heard a guy in a convenience store ranting about how the recession only affects “rich” people. The comment was basically like this:
Recession? We normal people won’t get affected by that! It’s a problem for rich people!
I am surprised at how uninformed (or in denial) many people […]
Buying a Car
Fuel prices have gone up pretty fast since March of this year. I currently drive an automatic gas guzzler which costs me an arm and a leg to gas up every week.
Crazy thing is I’ve decided to buy a car. This is going to affect my savings but I think it needs to be […]
Impulse Buying
“Today I bought a 5MP Polaroid Camera at 1 peso shy of 5k…
To be perfectly honest, this is one of the worst bad habits I have in my book. I am terrible when it comes to controlling myself. It’s so effortless really; the way I could just whip out my credit card and buy something […]
Dealing with Debt
The truth is, AVOID DEBT. If you can, don’t borrow money.
However, if upon reading this, you have already accumulated a debt…read on.
I once had this huge debt of 70K (on my credit cards) – I was making 24K per month, most of which went to rent (5.5K), food (5K), phone (1k) gas (4K), parking (2.5K), laundry […]
Credit Card Smarts
Do you really need a credit card? Credit cards or plastic money is definitely an avenue to numerous spending temptations. You pay using plastic, you initially do not feel the strain on your budget. A few years back, I was deep in credit card debt. I didn’t know how to use it all too well […]
Money for Medical Emergencies
The best way to really handle medical emergencies is to have medical insurance. Most working people have medical insurance. However, if your company does not provide this benefit, you need to be ready.
Never treat medical emergencies as incidentals! Incidentals are hings you need on the spot — stuff that catches you almost unprepared. Medical emergencies […]
The higher you go the harder you fall
I just realized that the answer to MOST (not ALL) financial issues is really in the budgeting. the higher the salary, the more expenses and the harder it is to save. However, if you are able to really follow your budget, you will save a lot more with your augmented budget.
