Common Sense Financial Advice That People Don’t Follow

Money has always been a top source of stress for most people.  If not addressed, debt and worrying about money can lead to serious physical, emotional and even relationship problems.

How to solve money problems then?  There are tons of financial advice that people probably already heard or read about.  In fact, most of these advices are simply common sense yet one the greatest mysteries about life is that no one really follows them.  It looks so easy to do but for most people, it is very difficult to follow. Continue reading Common Sense Financial Advice That People Don’t Follow

Avoid Overspending This Holiday Season

It’s the Christmas season once again. For a country with more than 80% of the population predominantly Catholic, it is not at all surprising that Christmas is the most celebrated holiday for Filipinos. Unfortunately, Christmas is also that time of the year that we just toss away or budget without thinking of the consequences.

Continue reading Avoid Overspending This Holiday Season

Where Does Your Money Go?

You are not buying anything lavish.  You don’t eat at upscale restaurants.  You don’t have the latest gadgets. You don’t even drive a fancy car.  So, where does your money go?

Continue reading Where Does Your Money Go?

Spend Wisely

Spending wisely is all about being smart on what you buy with your hard earned money.  Majority of people tend to splurge on things they don’t need because of FOMO or the fear of missing out.  They want to keep up with everyone else or they simply want to impress other people. Others simply fall prey to expert marketers who were able to convince consumers in buying stuffs that they don’t need.

It is acceptable to splurge on things that you like every now and then especially if you have the means to do so. However, it is not right if you fall heavily into debt by doing so.  The last thing that you want is to end up selling the things that you need later on.

Track your Expenses

Did you know that tracking your daily expenses will help you save a lot of money?  Knowing where your money is going is the only way for you to take control of your finances.

Challenge

Get a notebook and write down all the things that you will be spending for the next 30 days.  You need to write down all your cash expenses, even small purchases like candies, tips and sticks of cigarettes.  There are several apps available online that you can download for free to make your tracking easier.

Continue reading Track your Expenses