Ipon....Ipon....Ipon....

[angelo]

mahirap talaga labanan ang urge gumastos. sacrifice kasi ang mag-ipon.

[marvinofthefaintsmile]

recently.. gf ko yung gumagastos para sa kin.. this week, binilhan nya ko ng 2 onesimus na barong at 1 pants. sya din yung nanlibre ng dinner namin sa isang japanese spa near wensha pasay.

[Flying Ninja]

recently.. gf ko yung gumagastos para sa kin.. this week, binilhan nya ko ng 2 onesimus na barong at 1 pants. sya din yung nanlibre ng dinner namin sa isang japanese spa near wensha pasay.

SM Kenko?

[marvinofthefaintsmile]

recently.. gf ko yung gumagastos para sa kin.. this week, binilhan nya ko ng 2 onesimus na barong at 1 pants. sya din yung nanlibre ng dinner namin sa isang japanese spa near wensha pasay.

SM Kenko?

I forgot the name.. basta meron silang Japanese restaurant sa first floor ng building.. Kulay gold yung building.

[josephbr]

mas safe kaya pag mag avail ng insurance plan? or parang sugal din..

[Flying Ninja]

recently.. gf ko yung gumagastos para sa kin.. this week, binilhan nya ko ng 2 onesimus na barong at 1 pants. sya din yung nanlibre ng dinner namin sa isang japanese spa near wensha pasay.

SM Kenko?

I forgot the name.. basta meron silang Japanese restaurant sa first floor ng building.. Kulay gold yung building.

Yup, doon nga yun.

[marvinofthefaintsmile]

recently.. gf ko yung gumagastos para sa kin.. this week, binilhan nya ko ng 2 onesimus na barong at 1 pants. sya din yung nanlibre ng dinner namin sa isang japanese spa near wensha pasay.

SM Kenko?

I forgot the name.. basta meron silang Japanese restaurant sa first floor ng building.. Kulay gold yung building.

Yup, doon nga yun.

family spa talaga iyon. meron ding mga pre-teens. naalala ko yung isang korean pre-teen, tinitigasan sya. hehhehehe, hormones.

[angelo]

that's a nice and serene spa. gusto ko pa yung masahe.

pag mga ganyan gastos, medyo hidni ko talaga naco-control. sinasabi ko na lang sa lahat yun na lang yung luho ko. otherwise saving up to have a relaxation day.

[marvinofthefaintsmile]

that's a nice and serene spa. gusto ko pa yung masahe.

pag mga ganyan gastos, medyo hidni ko talaga naco-control. sinasabi ko na lang sa lahat yun na lang yung luho ko. otherwise saving up to have a relaxation day.

ang panget lang is group yung masahe nila sa spa.. unlike sa wensha na 2 lang keo sa isang kwarto.. doon, buong barangay!

[Lanchie]

From Francisco Colayco:

1. Understand risk and don't make bigh purchases you're not sure you can pay.

"Growth, or making money, we can't fully control. But the risk, we can." said Mr. Colayco. "Ninety percent of us are focused on the gains, not on what could happen that could make us lose our investment. Having said that, we should be aware that whatever we invest, we can stand to lose. If we can't afford to lose our investments, [we shouldn't] risk them."

Asked why some high-income people also find it difficult to save money, Mr. Colayco answered: "The biggest mistake people with money can make is premature acquisition of assets. They have enough for a down payment, they make the purchase. When asked how they will pay the amortization, they answer 'I'll find a way.' You can't think like that, because the agreement you've entered into is an obligation that you have to pay whether or not you've made any profits. If you have no guarantee that you can pay, don't make the investment, even if you have enough for the down payment."

2. Set aside at least 20 percent of your income as savings.

For people with regular jobs and regular pay, Mr. Colayco recommends that 20 percent of their pay go to savings. "This money can go to emergency funds, for payments of term insurance for accidents or deaths, especially if you have a family. If you have a family, insurance is technical, not an investment. Insurance is protection."

"There's one company that has a nice practice that, if your pay is P1000, they only give you P900, and the P100 is forced savings. And it's yours. They don't give it to you, and they save it for you. And when you retire or resign, they give it to you. Not all companies are like this, but I wish they all were," added Mr. Colayco.

3. Live within your means, not beyond.

Mr. Colayco has some advice for those with irregular jobs or low income as well. "If your basic salary is low, like PHP10,000, then adjust your lifestyle," he advises. "Don't live in a place you can't afford. When you have a family, that's when it'll be a little difficult. So you have to find a little extra income.  There's nothing magical about money."

"The National Statistics Office says that food expenses can go up to 40 percent of your income," he added, "but if you can, don't let rent, transportation and food go above 60 percent of your income. The remaining 40 percent should be set aside for savings, some leisure money, clothes, etc."

[angelo]

come to think of it, everyhting they say is basic and "no-brainer" in a sense that everyone knows about it. it's really the discipline to control the money you have. I suggest put some "security" to your savings by making it hard for you to access it.

The discipline to save is in fact very difficult that one company offered to take out the money before it reaches you. that way it is less painful to save up. medyo psychological but it works. i think bpi offers this type of service - you set an amount that will be deducted and will be kept in a different savings account.

[Lanchie]

True. People have to start somewhere. :-)

[marvinofthefaintsmile]

9k na lang at kumpleto na ang pondo ko.

[angelo]

that's a nice and serene spa. gusto ko pa yung masahe.

pag mga ganyan gastos, medyo hidni ko talaga naco-control. sinasabi ko na lang sa lahat yun na lang yung luho ko. otherwise saving up to have a relaxation day.

ang panget lang is group yung masahe nila sa spa.. unlike sa wensha na 2 lang keo sa isang kwarto.. doon, buong barangay!

pwede ka mag vip room.

[moimoi]

Eto mejo mahirap pero kaya pag gusto.. Magsave kayo sa bank ng "EMERGENCY FUND". Ang EF is equivalent to 6 months salary(BASIC*6=EF). Dapat lahat tayo meron neto. Etong EF ang gagamitin mo just in case nahospital ka, natanggal sa trabaho..blah blah blah  ). Wag mo galawin yung EF mo 'gat di talaga importante. Note: Di rin maganda na ilagay sa bank ang pera kung gusto mo yumaman.. Gagalaw lang ang pera kung gagamitin mo eto sa investment. Maliit lang ang interest sa bank. Ok na yung naksave sa bank eh yung EF mo, pero syempre kung madami ka pera, lagay mo muna sa bank gat la ka pa panggagamitan. Pero wag mo hayaan mabulok sa bank pera mo..Di ka yayaman! hahaha