If Can't Afford, Don't!

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Written by

Let my fingers explore.

3 years ago

Topics: Random thoughts, Realization, Motivation, Experience, Finances

People love to celebrate every occasion, especially Filipinos. We do have this tradition that every barangay has a fiesta celebration not including the city festival. Celebration without food and drink is not a celebration. There's nothing wrong with celebrating as long as we have a budget plan for it. Like, we want to buy a new phone that is not on our plan budget, we might have debts because of the piece of phone. Especially nowadays that trends are rapidly spreading. We could be in all the time for us not to be left behind. Generation today has many wants without thinking of the essential one though I am not generalizing but mostly it happens.

I Want to have new clothes because they are trendy.
Wants to have new phone for the update version

Many different wants just to be in on what the world standard be and what the world offers. Without knowing it and without balancing surely debts will after. If we don't track every expense and our finances. So, as I think the title above I cope up with these tips.

Check our income status as I said there's nothing wrong with wanting this and that as long as we have extra money to afford it. After buying our essential needs then you have extra you can have your wants. Note, I am not underestimating and bragging about your job. If our job salaries are not enough for our needs then set aside the wants and prioritize the money to most needed. As a young generation today and have experienced working, I have this feeling that on salary day it is so hard to spend every pesos on things I want because in the back of mind I say "I work hard to earn and then I will just spend it on trending things just to be in." That time I even could afford to buy it but I refused to do so because my income status is not stable enough to supply my needs and my family needs.

Limitation on wanting it is not wrong to reward ourselves from an exhausted job. We rewarded ourselves by taking a rest vacation, food trip, road trip and buying the things we wanted so much. Despite the reward let us not forget to limit the budget like spending "one day millionaire". Do a budget project on the things that you want to achieve. Saving a specific amount of every salary to accomplish the target budget. Buying and gettin it will be more memorable and treasure because you exert more effort. Sometimes our wants are too much than our needs. And it is dangerous unless we have thousands on our accounts.

Don't do a lavish celebration, if you cannot afford it. As I said Filipino celebrate different celebrations, especially fiesta in barangay. I had this neighbor when the fiesta arrived. She insisted to her husband to do a fabulous celebration with different viands, dessert and drinks just to let people know that they can afford so much. Fiesta ended peacefully and happily with different games and activities. After weeks of fiesta happened, the issues exploded that she borrowed a huge amount of money just to have that kind of celebration. Some of her things were forced to get as collateral co'z she is not able to pay the debts. Now, after the incident she still celebrates fiesta but not like before. She put in her mind to prepare something that is affordable to her budget. What is important is that you enjoy the event.