PERSONAL FINANCIAL TIPS
The content of this blog was created to share some basic personal finance idea about our daily routine in spending our hard earned money. It is my pleasure to share some information on how to handle money effectively and how to obtain their journey in financial freedom.
There's a lot of personal blog tips available online, i believe that each of us has a unique views and experience in life that we can share to help and inspire others. This simple tips share basic financial literacy, budgeting and saving, money related things that can help you to achieve financial knowledge.
As Filipino it is very common to us spending money very lucrative even where already lack of budget just to achieve our wants not needs.
take note of this very essential mindset ..
Priorities your NEEDS..
Set aside your WANTS..
I'm just a beginner in financial freedom i realize those factors in life when i turned 30 yrs old..I can only share what i know including my experience and point of views.
FINANCIAL TIPS..
You're probably one of the employee who earn a lot but can't seem to save money.After a long period of time working in a corporate world you find your self living from paycheck to paycheck and paying endless debt.
This article content an idea on how a non savers become a savers.
- MAKE A HABIT OF SAVINGS.
Powerful formula =SALARY - SAVINGS
After salary need to obliged our self to save money first before planning for any luxury of material matters.Your savings is the reward to your self, make a target saving every payday .
- LIST ALL YOUR EXPENSES.
One of the reason why listing of our expenses will stop us for overspending habits and ultimately help us saving money,this practice allow us to get a snapshot on how much we actually spend on certain matters.
List your expenses every month do this for at least 3 months to tracking your expenses,bring a small note book and pen take note your real time expense like food you purchase, your transportation, load top up and etc. discipline your self to record this expenses.
Remember to group purchases into categories like utilities,food,fare,dining out ,clothes and entertainment.
After you categorize then check where you overspend then cut down your money to avoid the repetition of too much expense.
- SMART BUYING
The typical employee always has a latest gadgets.We don't need those material thing instead think for the best product that we can really use for our daily lives.
This gadget depreciate quickly so your spending money value depreciate quickly too.
Avoid spending if not necessary prioritized NEEDS not WANTS that's the mentality of smart people, do not lose your hard earned money because of gadget.
When you go to Mall just bring exact money enough to purchase your personal needs, Eat moderate foods together with your family and most important list down your personal needs to purchase, budget for your family meal and do not use your credit card because you just burden your self in debt.
SPEND WISELY, YOU WILL REALIZE SOMEDAY HOW IMPORTANT SAVINGS AND
SPENDING MANAGEMENT HABIT IS..
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