Financial Tip: It should not always Live at the moment Mindset

Happy Saturday everyone! How's your weekend? I hope that you use this day to relax or somehow to have bond with your family. But for those who still have a work, get enough rest tonight okay? Lately, I've realize how important to have an enough rest so that you body will not be negatively react due to tiredness and fatigue. Prioritize our health no matter what.

Unintentionally I overheard my neighbors fight earlier. The Mom scolded her teenager daughter because she ordered to online shopping again. She said that almost everyday there's a parcel being delivered to them and all of that is for her daughter. The minimum price of her order is Php199. I also notice that because sometimes I'm the one who received the parcel. I don't want to judge her especially I don't know what kind of stuffs did she ordered online but I believe that she should set limitations to it especially that she is still students and financially depends on her parents. And they arguing about it earlier and I just ignored it since I should not mind their own problems. I have mind my own business after all.

But what I've notice that other people on today's generations are too stick to the saying " Live your life to the fullest or Live at the moment as if it your last day". I'm not generalizing it though since there are still some who are responsible enough in handling their finances and know how to control their desire. I also want to clarify that I'm not against to those who live their life to the fullest, it's their life and I don't have a right to mingle to it. It is pretty okay but sometimes we should also think about tomorrow. Yep we are not certain on what might happen to us but it is better to be prepared for the future. Specially when it comes to money, we should not spend everything today then have nothing tomorrow (ubos ubos biyaya, bukas nakatunganga).

Financial Tip #1: Think before you spend. Hindi porket may pambili ka,bibili ka na. (It's not because you have extra money, you will impulsively buy something)

Limitations. It is very important to be aware on how to set limitations in everything. We should know how to balance our expenses from our income. As much as possible, we should also learn how to save even a penny. It might be a small amount but if we practice it regularly, for sure we can accumulate a big amount. On the other hand, it is not also bad to treat yourself sometimes because you really deserve it. You deserve to buy something for you. But back to the basic, we should set limitations. Not everyday is a payday or salary day so we should budget our money wisely. We should know how to determine whether our thing is our need or only our desire. Sometimes we really need to set aside our desire for our own survival especially if we don't have a tons of money in our pocket yet. We are still not yet rich so we still need to hold tight to our belt. Just a reminder, do everything in moderation.

Financial Tip#2 : Don't copy rich, copy their habits and mental models

I remember that I read it on one of the financial books before. According to it the reason why rich people become richer is it because of their habits and mindset. They actually didn't see themselves as a rich one and they always set their minds on how their money works for them. They also didn't give themselves a temporary happiness from a temporary desire because they aim for the long-term things that would give a long-term happiness. It is also indicated there that people should not act rich but we should think as how rich people think.

So it is some of the financial tips that I somehow apply to my life right now. I'm not saying that I'm totally good on handling my finances but unlike before, I can say that I know how to avoid temptations. It is also a big flex for me not to ordered from online shopping since last last month. But I know that this December, I can't avoid to order form it since it is Christmas holidays. But I still avoiding to spend too much hehe. I hope that I can somehow shared some valuable financial tip to you guys. Have a great night ahead dreamers!