Save Up!
This is one good news to hear! In one survery it say that Filipinos save more than six months ago.
Well, I think we should really know how to save our hard earned money. It's not because of the economic crisis that was happening but iit will be for our future.
I myself try to make it a point that I save even a small portion of my salary. If not from my own salary I find ways on how to add money in my savings. Maybe that is one reason why I come up from joining some online money making sites since most of
the earnings that I got from those sites directly goes to my savings account.
One good equation to follow on how to save money is this: income minus % of savings (atleast 10%) then divide the answer to your expenses.
As I mentioned before in my previous post budgetting does helps in saving money. But before you start saving up make sure you are willing enough to save. Distinguish the reasons why you want to save money. don't save because you want to buy something because it will only allow you to save some and only for a short period.
Once you set your mind in saving up do also think about your budget. How much money you wanted to save? What are the things you're willing to sacrifice just to save? As you know saving up will going to limit your frudalent living and it will much affect your budget. So better know the things that you will sacrificce first before starting to save. But never make your health sacrifice. Don't skip on meal just to save this will only add to your problem.
Then make a time frame. Determine when will you want to start saving. But as much as possible saving up in as early time as possible is a good way to start.
Last, stick on your budget. Don't go on impulse buying. Don't also buy on installment basis cause this make you suffer for a long period only.
Enjoy!
Well, I think we should really know how to save our hard earned money. It's not because of the economic crisis that was happening but iit will be for our future.
I myself try to make it a point that I save even a small portion of my salary. If not from my own salary I find ways on how to add money in my savings. Maybe that is one reason why I come up from joining some online money making sites since most of
the earnings that I got from those sites directly goes to my savings account.
One good equation to follow on how to save money is this: income minus % of savings (atleast 10%) then divide the answer to your expenses.
As I mentioned before in my previous post budgetting does helps in saving money. But before you start saving up make sure you are willing enough to save. Distinguish the reasons why you want to save money. don't save because you want to buy something because it will only allow you to save some and only for a short period.
Once you set your mind in saving up do also think about your budget. How much money you wanted to save? What are the things you're willing to sacrifice just to save? As you know saving up will going to limit your frudalent living and it will much affect your budget. So better know the things that you will sacrificce first before starting to save. But never make your health sacrifice. Don't skip on meal just to save this will only add to your problem.
Then make a time frame. Determine when will you want to start saving. But as much as possible saving up in as early time as possible is a good way to start.
Last, stick on your budget. Don't go on impulse buying. Don't also buy on installment basis cause this make you suffer for a long period only.
Enjoy!
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