Does your, ahem, empty wallet give you all the #FEELS? Whether it has a few bucks or nothing at all, we’re pretty sure you’ve got hugots when it comes to the status of your wallet (and money).
“Binigay ko na ang lahat, pero kulang pa rin.”
So, you’ve finally decided to open your piggy bank to fulfill your dream of going on a backpacking trip in Asia. However, upon seeing your hard-earned savings, you realize that the money isn’t enough to fund your trip. What do you do, then?
Get a part-time job or sell items you don’t need to grow your savings. Try to also limit your trips to your favorite coffee shop and start making your own cappuccino, which is cheaper than that venti cup you always order.
“Akala ko meron, pero wala wala wala!”
You unfold your wallet, thinking about how many hundreds you still have, only to find out that there’s only one fifty-peso bill crumpled inside. That’s when it hit you: your “last money” must be saved for that bus ride home, so you say goodbye to that burger you’ve been craving for since you can remember.
How do cope with that dilemma? Make sure that you have extra cash in your wallet in case of an emergency.
“Kailangan nating tapusin ang ating sinimulan.”
When you take out a personal loan or when you start using that newly-issued credit card of yours, your debt will start to pile up—unless you religiously pay for the interest rates. There should be no turning back when it comes to these money issues because if you do, it’s your credit score (and reputation) that will suffer.
Stop creating new debts and focus on meeting your payment deadlines. Creating a weekly budget to monitor your expenses can help you save money.
“Naglaho ka lang nang parang bula.”
Does this perfectly describe your sweldo? Some people fall into this kind of situation once they see their salary being reflected in their bank accounts. They go on a shopping spree without thinking about their financial responsibilities: bills, bills, bills!
Think twice before spending your salary on that pair of shoes you can get some other time. The last thing you want to ask yourself is, “Where did my money go?”
“Hindi na natin maibabalik ang kahapon.”
Have you ever heard of “buyer’s remorse”? Upon withdrawing your salary, you become blinded by the word SALE, so you end up buying a lot of things you don’t need. Once you purchase these things and use them, you can’t simply return them if you realize that you don’t need them.
Whether you’re headed to the mall or the grocery store, make a list of the things you need and don’t add items that will make you regret buying them later on.
Which among the hugot lines above is your favorite (so far)? Keep refreshing our blog for exciting stuff about personal finance.