Saving Money for the rainy days

Saving is not in my plan before, but lately,some circumstances makes me realize the importance of saving money.I tell myself,that it's not a valid reason that we have a less income every month that I cannot be able to saved.

I am not good at it,but I'm trying to saved as much as possible as I could because I don't want to end up slave in debts.The hardest part of being lack of savings is the time when there is a member of the family who got sick, when we need to buy medicines and pay bills in the hospital.

I remember during the first year of our marriage when we have saved,and then one of the kids were sick,and we need take him to the hospital,all our savings was over.And when we got home,we have come to think that "we will not saved money anymore because everytime we have a savings,one of us will get sick",we felt discouraged because we ended up empty but we didn't have a hassle paying our bills in the hospital.Its not a good thinking from us to feel dismay,from then on,we don't have savings anymore.

When the pandemic comes, and still my husband have his work,were very thankful that he didn't stop working.He is thinking again that we should saved money,because we didn't know how will the world situations run in the next few months and years.

We need to save for the rainy days,but I think these two aspects have are very valuable,aside from education and other material things that we need everyday.

Emergency

Mostly,people are unprepared in times like this,when there are untoward situations that may come like illnesses or an urgent need for money.

This is one of the category of our savings that we need to attained,just like when there is a unexpected typhoon,or earthquake,when everyone needs to stay at home.In which we need to have an extra amount to survive and provide our needs while the situation is unstable.

Retirement

"Pay yourself first."

(for some christians 10% is for the Lord and then savings is to follow)

For those who have a monthly income,weekly or daily ,this is one thing that we should consider also.After receiving or having our money,we can have first the 10% for ourselves or any percentage that you prefer to be saved.When you have 5k per 15th,you can have 500 pesos or $10 to be saved,for a total of 1000 pesos or $20 per month as your savings.But if a person earn more than this,he /she can have bigger amount every month.

Within 1 year ,you can saved $229 or 12,poo pesos,and within 3 years you can saved 36,000 pesos or $688.43.Its already a promising amount.How much more when we can saved more than 1 k per month.

Retirement days are days when we can rest and have time for ourselves,and our retirement savings can help us to plan for what's better for us while we are already old aged.This might be a future tense happening but I think it's better to be prepared for that days ,we should pay ourselves first when we have money.

Saving is not easy for me,because I'm often tempted with delicious foods and other things like clothes ,that's why I can spend my money most of the time.

Some things to consider

Change our spending habits

Before I used to spend money,as much as my wallet is not empty,and still there any amount of money left.But for now,I only allocate money an exact amount that I should budget for the week.I should minimize or economize the goods that I need to buy ,so that I won't be in shortage again.Before, when the payday will come,we just spend and spend a lot of time to buy all the things that we need and eat and eat.For now,I do the ( salary -savings-expenses),I am not an expert on this matter but still I will just try to work on this to be able to saved.

Change our Mindset about Money

Money is not just to be spent,it can be useful for long term goals,we utilize our sources ,and saved so that we can plan on how to expand our ways to earn.

What do you think when you have money?As for me,I used to think always of buying foods ,which is my favorite.I will buy a new cellphone,clothes ,or anything that we need to home,aside from foods.

It's not that kind of bad spender habit,we need to always look forward,to a situations which we can help ourselves by the time of crisis,and I think there is an advantage when we have savings not only financially,but mentally and physically,we can find ourselves less stress if we managed our finances well.

Money sometimes have wings,it will fly immediately into the unknown if we can't handle it properly.

This is not a financial advise from an expert,but it's just my experience and my ways of a trying hard effort to saved for the rainy days.Money is really hard to find nowadays.We need to copy with what ants are doing,they are gathering foods white it's still sunny as much as they can because they need to hide when it rains.They know that they are small ones and they need to protect themselves from being vanished by the water when they go out.

How much more we are,even if we are bigger than ants but we do have a lot of needs than ants.Start from small amount in saving money,just like buying a 3 -in one coffee everyday,the more we do it,the more we make it as a habit.

Have a blessed day all,these are the thoughts that came into my mind today while eating mango and feeling so sleepy.

Regards to all of you.