sari sari - story

Status update: I have saved P5,250.00 covering upto September 19 by using the . On the date of writing this article, I still have five weeks or more than a month of allowance, which is good... very good. The bad part, my mortgage arrears is around P40,000. So, I have to break my bond that I wont use the money until they are completed next year. I still have until August 20 to pay for it or I get evicted - quite a challenge eh? What I want to point out? It's ok to use what you already got. Use it only as an emergency fund, provided you're still on track or your still doing that challenge. It's your money, anyway and you might as well put it to good use. Thus the idea would make your fund a little flexible and will add another reason why you would like to start the challenge now, if you still haven't. Happy saving!

I'm guessing you already read  52 week money challenge and it's reversed version . Now comes another version since I don't have the patience to be steady(except when driving). I call it: Select-A-Week version How it works? Just choose the amount depending on what you have and what's highest amount that week Set aside the amount Cross out the week Wait for another week Repeat. Let's take the chart below as an example If this week, you were able to save Php300, then cross out the 7/25/2014. So, you don't have to just set aside Php50.00. The bigger you set aside, the easier it will be to save in the future. The following week, you were able to save Php1000.00 then cross out 10/31/2014. Now, you have Php300.00 and Php1000.00 crossed out. Let's say you save another Php300.00 the following week, since you already crossed the Php300.00, you'll just have to cross out Php250.00. That leaves you extra Php50.00, which you can also cross o...

It's highly suggested that you read 52 Week Money Challenge first before proceeding with the article. If you are still reading then I'll assume you know most about it already. Let's continue... So you can wait for one year? Very good. And you think that you'll have continuous income for a year? Even better. You can afford to set aside Php2,600.00? Cool! You think that the challenge will not work for you?(for some reason) Then try this one for size Start from the biggest amount and work your way in reverse. So, if you are using Php50.00 for your start week, then you start with Php2,600.00. e.g. as follows 1st week - Php2,600.00 2nd week - Php2,550.00 3rd week - Php2,500.00 4th week - Php2,450.00 etc... etc... Hence, it's call Reversed 52 Week Money Challenge. Since it's the same challenge, but in reverse. What is so different about it? I just feel that I won't finish the challenge with the normal way of doing it. I felt tha...

In line with my previous post entitled saving money weekly , I start to save. I want to prove that I can do what I preach. So, I got myself an another account aside from the payroll where the funds will be coming from Nothing special... just a regular saving account from a local bank. Happy Saving!

I came across a an idea called 52 Week Money Challenge. Let me share to you how it works. The idea is to save Php62,900.00 in 52 weeks(one year) and we start with only Php50.00. What is it? From the label 52 Week Money Challenge, it's a Challenge. It's about saving Money. It runs for 52 weeks (1 year). In a nutshell, you religiously save an increasing amount for the whole year. How do you do it? For the first week, you save Php50.00. On the second week, you save the same amount as last week, which is Php50.00 - plus additional Php50.00. That's Php100.00 On the third week, you save the same amount as last week, which is Php100.00 - Plus additional Php50.00. That's Php150.00 On the fourth week, you save the same amount as last week, which is Php150.00 - Plus additional Php50.00. That's Php200.00 You repeat the cycle for one year or 52 weeks. Enjoy your money. Minimum Requirements: Make sure you can wait for one year You have an income for at leas...

i'm wasting money when i pay for something that doesn't give anything in return. so when i'm about to buy something, it should give me something. and the returns of buying are categorized in two: 1. benefit of consumption and 2. benefit of experience (which i always prefer) consuming is to stay alive while experiencing is to live. even if it's good or bad, experience gives out more than just staying alive.

want a reason to save? when i buy, i categorized my purchases as either: 1. necessary or 2. not necessary(others) easy as that. the tricky part is how to determine whether what i'm buying is necessary or not. it should be as simple as a yes or no question, but some factors complicate the decision making process. whatever those factors are it all boils down to whether it is needed or not. let's use phone as a sample. i would say i don't need a phone to live or i wont die(literally) if i don't have a phone. but if i have a kid and i want to keep track of him because i will die of worrying, then that's a need. now, think. what are the things that you can't live without? don't cheat. and, only by that you will be able to save.

money makes the world go round: that's half true. money and people makes the world go round. sad to say, people are letting money make the world go round when it should be the other way around. people are working for money instead of letting money work for the people. let's take a look at the three kinds of people-money relationship, which i have in mind. employment: when one is employed, one is working for money. he works to receive money for him to use for daily activity. once depleted, the cycle is repeated. it's advantage: it's basic, no complications and no stress (depending on whose looking at it). drawback: unstable and routinary. once you're laid off, the pay stops and you need to look for another job. business: when one owns a business, one is working with his money. to clarify, he is helping his money grow by making the business stay afloat. then the owner would hire managers to take charge of the operations so he can sit back. then, from time to tim...

and so i used envelope budgeting and achieved some results: not that astonishing though. i budgeted my last Php1732.00 yesterday to make it last until tuesday, just before the next pay day. i got 4work nights and 2 offs. i need Php250 per work day, which means Php1000 so i still have extra Php732 since i dont have debts and bills to pay for now. that's a good sign considering i'm already thinking that i'll have no money when tuesday comes. what makes it work? here are what i saw big view on a small scale  - i never get to see the whole picture when i spend or swipe: especially swipe. because there's something with buying that makes me feel easy and comfortable that i want to do it again. without consulting the purse. but last night i saw the details on my spending. i know i love food and that was the time i realized that i eat for comfort. so, i know i spend too much on that part and that's where i need to watch out. preventive measure  - knowing that i only ha...

to dig deep into envelope budgeting, i must simplify the term first. hence, i need to make sure i understand the word budgeting... budget. A budget (from old French bougette , purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending -  wikipedia so, basing from the definition, it can be simplified as... (income - expense = 0) where income is defined(in my own words) as any monetary device labeled with currency which was received and/or is available to be consumed by the calculated expenses. while expense is a calculation of how the income will be used. some might ask where saving lies in the formula. since, i believe that it is one of the elements of expenses, let me extend the formula to: [income - (saving +other expenses) = 0] i still have doubts on this calculations, though. so, any comments and suggestions are encouraged for a healthy discussion.

i've always had a hard time saving up for the rainy days. i'm always stuck in the part where i have no idea where the money is going to. and believe me, i hate that part. so i scoured the net to look for ways how to solve this eff-ing problem and googled(i wonder if this verb is already an entry in the dictionary) budgeting . then i thought, why don't i just check its wikipedia entry . unfortunately, all information inside that entry were on a macro-scale of the word itself. and fortunately, except the "see also" part. there lies the phrase envelope system . although there's just a small info about it, the description how the system works gives enough overview on how it works basically: enough to make me save. "Typically, the person will write the name and average cost per month of a bill on the front of an envelope. Then, either once a month or when the person gets paid, he or she will put the amount for that bill in cash on the envelope. When the bi...

i'm reading the electronic facsimile edition of the book "think and grow rich" by napoleon hill, published by the ralston society in 1938, distributed by opportunityinformer.com . i was blown away when i started reading and thinking why have i not read it before? i still cant tell much about it but i'm sure that this can be a great help in times like, now. with the recession and pandemics, something should inspire people. not only to keep the faith but to uplift our soul to get thru the times. the book is just timeless. since 1938, it's been teaching how to be successful in life. hopefully, this will help you too. open this link to new page to download.