saving tips
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 […]
The Objective of Saving Money for a Rainy Day
Why did my parents always remind me to save money? The answer was always: “Save for a rainy day.”
I always thought it was very simple. I fell into the trap of thinking that I was only saving for one purpose: retirement.
What are we saving for? What are those rainy days? Today I’m going to try […]
Book Review: 12 Steps to Build Wealth on Any Income
I was browsing books in National Bookstore when I came across a shelf with an abundance of books on personal finance. What’s so great about the book market now is that there are a good number of books that tackle personal finance for Filipinos.
There used to be a whole lot of books on personal finance […]
Tips for Smart Grocery Shopping
I follow a strict budget when I go shopping for groceries and I really exert and effort to stick to it without depriving myself of the occasional food treat for myself.
The temptation is great whenever I go to get my groceries. There’s always something interesting and something new to try. Sometimes, some things are ridiculously […]
Why I Have More Than 1 Bank Account
Saving money is a discipline. Discipline with saving up isn’t something I automatically developed as my parents taught me the ins and outs of personal finance. Truth is, I took after my dad who has almost zero skills in saving money. It was my mom who really knew how to handle finances […]
(Un)Expected Income
One thing I like about being employed is the that money comes in every month, without fail. I had just received my mid-year bonus and I am happy to say that it has contributed greatly to my savings account. I immediately put aside one half of it to go to my savings account. The other […]
Free and Legal Software
A great way to save money is to use free software. Popular programs available in the market today cost an arm and a leg to buy. I’ve looked at prices of orginal software and it dawned on me why people buy or download pirated versions - the real mc coy is just too […]
Little Habits that cost Big Money
Many of us underestimate the impact to our wallets of the things we buy out of habit. Coffee, cigarettes, extra merienda, impulse-buy purchases — are a few examples of little spending habits that cost big money.
I used to have a hot chocolate habit, almost everyday I’d buy a P120.00 cup of hot chocolate. The habit […]
4 Steps to Financial Freedom: ACQUIRE
Many of us open savings accounts in the hopes of being able to put some money away as life savings. This is where our 3rd step comes in:
STEP 3: ACQUIRE (money into your savings)
Don’t forget to save a fraction of any extra income you may earn. Many people stop at step two– then […]
Smart Student, Rich Professional
Mom and dad always reminded to save money even when I was a still a student. I would try at first but would and up closing my measly account to use the money for pizza. I started with several bank accounts with minimum amounts of 200-400 pesos and would end up just spending […]
