Saving at its Finest - Part 1

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4 years ago

Money makes the world go round. That's what many people say. Well, it does make sense. All of us need money to live. Adults find a stable job to earn money to have a sustainable life. Parents send their children to school to have a bright future for them. Can you see the importance of money?

It's hard to survive without money that is why it is so important to spend well our money. If you want something. Thinks first if you really need it. Money is not trash that you can pick everywhere. It takes hard work to earn it. So learn to appreciate its value.

The big question here is, "How to save money?" You came here because of that question in your mind, right? But before anything else let's make things clear. In this article, you are about to witness the ways and tips on how to save money.

So, are you ready?

#1 Prioritize Needs not Wants

It is so important to follow this one. Don't just buy anything you want. Think first if you really need it because there are times that you only want to buy one thing when you see that many people are buying that thing or your friend already has that thing.

Being jealous is not bad sometimes but you should minimize it. You are not just picking money anywhere. You need to work for it. It is not bad to buy something as long as you need it. But buying things you don't really need will never be okay. Again, prioritize NEEDS not WANTS.

#2 You must have a Piggy Bank

If you really want to save money, you need to have this one. But if you don't want to buy because of the fact that you are saving money, there are so many ways or alternatives. You may create one out of bamboo.

If you did not use all of your money for the day, you can deposit that in your mini bank regardless of how much money you left. You can tell it your sons and/or daughters also so that they will learn how to save money at a young age. You can have a savings account also if you want.

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#3 Bring your own 'Baon'

'Baon' is a Filipino word which means packed lunch. Whether you are a student or an employee, you may do it. 

In the Philippines, it is popular most especially to those families who have a tight budget. Don't be shy with it, instead be proud!

#4 Avoid Vices

Happiness found from vices is only temporary. It is not good in the long run. It will only ruin your life. Instead of using your money to vices which are indeed expensive, why not save it and use it to buy things you really need?

#5 If you're still a student, apply for a scholarship program

It is extremely helpful to be a scholar while you are still studying, it will not only help you financially, it will also help you learn how to save money and will serve as an inspiration to strive hard.


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4 years ago

Comments

And if you will go to shopping, make sure it eat first and list down the things your need to buy (the important ones only) or you'll end up buying unnecessary stuffs. 😅 It would be better to have a bank account rather than piggy bank, because sometimes, we are tempted to break it. Unlike in a bank account, you won't be able to withdraw your money easily.

But the bottomline here: people should be practical and responsible. Even if your savings is in a piggy bank or real bank, if you know how to control yourself not to waste money and save for the future, it is possible.

Prices are getting higher every year, so really need to prioritize the things you need and set aside the things you want. It is more important to save for the future than spend more at present, coz you will just gonna regret it when the time comes that money is badly needed.

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4 years ago

Yess as the quotation says "money can make people dance and sing" people are manipulated and urge to do things because of money. They also want to pursue things because of money. And no matter how much money we have today soon it will loose because of spending carelessly. As a student i really need to budget for my allowance. Having a baon really helps me to be thrifty and scholarship really helps a lot❤️

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4 years ago

True. If you want something, find a way to achieve it. Save now for a better tomorrow. ❤️

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4 years ago

Such an wonderful article. Unfortuntly still I have not the good havite of saving money. But, your post has remined me about alots of points, from today I will start saving.🖤

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4 years ago

You can save little by little. ❤️

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4 years ago

But unfortunately our savings are just eaten away by inflation. As the saying goes: "a dollar today is worth more than a dollar tomorrow." and if we put it in a bank the interest rate they pay is too little that it can't even catch up with inflation. And sometimes banks gives you negative interest. This mean that instead of paying interest on your hard earned money they charged you. Saving money is good but saving gold is better, since gold beats inflation and its value/price get higher over time and the opposite is true with money.

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4 years ago

That's true. It's really important to save money coz without money we can't buy our needs. Especially in this time of crisis we are facing now, some lost their jobs due to covid and I am one one of those. I am jobless now and thank God I have savings, though it's not that bigger amount but it's very helpful in emergency situations.

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4 years ago

Those tips are very helpful especially now that we are in the middle of the pandemic, saving money is a must. We need to think twice before buying anything. Money is also essential to live though it's not the most important thing in life but money help us to live easier.

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4 years ago

I know someone here in our place, once the money is in her hands na, gagastos na yan, one-day millionaire ba. We should really save money talaga, gaya ng nangyayari sa atin ngayon, may pandemya at dahil walang ipon ay yon nganga, aasa lang sa ayuda, buti ga kung laging may paayuda ay pano kung wala ay di gutom ang abot, ee kung baga nag ipon saka na muna ang mga bisyo, ay di may madudukot ka. Skl hihi

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4 years ago

I believe money now needs to be wired!

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4 years ago