A plan for Regular Saving

Magsisimula muna ako sa pagpaplano.

First, I ask myself the following:

1. How well are you regularly paying yourself?
2. Are you routinely setting aside an adequate established percentage of your income every payday?
3. Do you set aside money when only there is something left over?

It’s time to examine why I am not paying or cannot pay myself. Mahirap pero kakayanin, uunahin ko muna ang sarili ko. Charot!

Next, what do I plan to do?

It is important to establish consistent regular rhythm of saving and stick to it. Once I have established regular saving then I have extra to put on other investments exploiting the possibilities to make money work for me. Invest money I have worked for… and gift counts too. Only invest money that is free from obligations. (Obligations are pambayad ng utang, and bills.)

1. Pay myself first.
– Start spending much less than I make.
– Emergency Fund: An account that is liquid for rainy-day emergencies. At least 3 to 6 months living expenses.
– Sinking Fund: To use for occasions like birthdays, weddings, Christmas, etc.
– Change my lifestyle, and habits.

2. How to save money?
– Create a budget. Budgeting is important to know how much regular ins and outs. Stick with it. Review. Make sure to maintain or adjust.
– Avoid impulse buying
– Eat out less often
– Set expectations and tract results.

Remember: Pay yourself first, and you’ll thank yourself later.

Do you want to keep playing or do you want to win?
This is going to take everything you have got. This is going to take all of your time and all of your attention. This is a big one, you going to do it right. Now, you got work to do!

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