The power holds of financial giving
Lately, I have been into listening to podcast about finances. I am following some of the popular financial advisors and podcast content creators. I feel like when you are adulting, being wise in finances and how you manage your finances is badly needed. There are many bills to pay, emergency, impulsive spending and shopping. Sometimes you will just woke up to check your wallets and found almost nothing left.
It is a sad reality for us to work earnestly, but we cannot save money for ourselves because we have to support our family first. You will go to your work thinking that I have to work to pay my bills. Not thinking about I have to work because I need to be financially stable. To save money, to invest, to tithe, and to generate cash flows. However, I deeply understand that my some of my fellow Filipinos have no time to think about these things because what they earned is just enough to cover up all their expenses.
The power of giving
They said that the more we give, the more we bless. On the other hand, some says the more we give, the poorer we become. What can we give if we have nothing to give? Even for ourselves, we cannot afford to buy something then what we can give? Actually, giving is not something you will do because others tell you to do so. Give and share money to the extent you bear no grudge nor displeasure.
At first, giving is hard. If you are thinking how much money should I give? It does not matter how much money, but how much you are willing to share. Giving is a voluntary act that cannot be dictated to you over and over again. I have understood that giving has the power to move someone to do and act better. Isn't feel good whenever we help someone in need according to our own will?
The power of giving can attract more. The more you share your blessings, the more you will understand that you are already abundant.
The power of portioning
The power of portioning starts when you understand your own needs. We have different priorities and necessities in life depending on where and what type of living. To understand your own needs, break down every little things you always spend your money to. Even spending a single peso is needed to write. Portioning means allotting a specific budget in that particular area.
To illustrate the portioning, I would share to you where I alloted my money every month. In fact, since I am a student and has no work. My streams of earning is poor and not fully developed yet. My portioning is like this.
Tithes. Tithes is what we give to church or to our chosen charity. It is the 10% deduction of our salary. Why tithe is part of my portioning? It is because I believe that through giving tithes to church is God blessing me more. In fact, it is stated in the Bible. 10% is quite big enough if you are looking at it, but you are blessed in everything if you believe that.
Grocery. I share some of my earnings to grocery. The most important thing for me is to have enough foods for our family because I can't allow my family to hungry. Plus, food is the very basic needs of everyone. Allot more in this portion if you can.
Pets maintenance. Since we have many pets and animals. I alloted atleast 15$ for their foods. Thankfully, since rabbits don't bath, I can save money more. Shampoo, soap, and injection is not needed.
Investment. Smartbch helps me to invest to some tokens. My smartbch portfolio doesn't have big sum of money since I am starting to discover and understand everything from it. I believe I put 20% of my monthly income to investment.
Saving. This one is very important. Although you have investment in your portioning, but saving should be prioritize too. In my saving, I have my emergency fund, school fees, and other things. I don't know, but saving really helps a lot when it terms on budgeting.
Fun money. This part is my favourite. Of course I would grant myself to order and shop something I like. It is very important to give yourself because it is the reward for your hardwork in the whole month. But stay budgeted!
Start portioning you money from the most needs to least. It will help you to understand the importance of budgeting and how it affects your life. You will not loose anything from portioning your money, instead it will help you narrow down where you money is being spent to. Cheers for the success!
The power of habits
Eventually, you will learn to portion your money bit by bit. The power of habits hold so much since this will be depending on your consistency and consumption. Your discipline to manage your finances will be evident on your lifestyle. You know, it does not hurt to seek help to financial coach. If you cannot avail, then let's watch free financial coaching on YouTube and Spotify. There are many resources on how we can get idea. It is a matter of your will to learn.
Always remember that we may not be rich, but we have the power to manage our finances wisely like a rich.
Thank you for reading!
I treat myself once in a while para ma feel ko naman pinaghirapan ko hehe. Opkors, I save more for the future.