Save money and money will save you.
This should be one of your goals this 2016. In this tech-laden life, we indulge ourselves to too many common trends. From new phones, the sneaker-fever, fancy and rad restaurants, and more without realizing that no matter how we try to satisfy ourselves, we don’t really get our money’s value. Truth be told, we go broke over things that pose a cool image on social media when in reality, it’s breaking our savings. Perhaps being broke is now a more common cause of heartache than actually getting your heart broken. The reality is that many of us are just not making the wise decisions when it comes to money.
We work several hours a day to earn so we have something to spend. It really is tedious knowing our money should match our desired lifestyle coupled with our desire to fit in with the standards often set in social media. You work day and night and find sidelines to meet your financial demands, yet find yourself still struggling financially.
While some of you might have already accepted the reality of this situation, there are ways to get out of this earn-spend cycle. Financial security may be more attainable using less exhausting means. The first step towards a healthier financial situation is this. Ask yourself the following:
- Do you have the habit of spending more than you earn?
- Do you find it hard to get out of debt?
- Is it difficult to live within your means?
- Do you want to travel?
- What age do you plan on retiring?
NOW is the perfect time for a fresh start! This is the time to lose money in order to gain more of it…and it is through investing. After all, it’s not in the DREAMING, it’s always in the DOING.
The Global Filipino Investors is a community that aims to promote financial literacy and improve the financial well-being of every Filipino all over the world. Through WEB ACADEMY: www.wecad.co, a flexible, suitable, and simple approach in learning entrepreneurship and investing, we find more value in money by being a wise investor. In focusing on your financial foundation, you don’t only create more assets. You also feel at ease with the future you are hoping for.
As suggested by the “Kuripot Pinay Version” of Rhea Mocorro, try this 52-week money saving challenge:
You think you can pull this off? Let us know how this works for you. Happy saving!
Article contributed by Cyril Santiago of The Global Filipino Investors