Personal Development, Business, Finance, and Investing for Everyone
An investment in knowledge always pays the best interest.
Saving should be done consistently and as a priority as early as possible, even in small amounts.
Every little bit counts, so rather than looking for one big way to save a ton of money, save in lots of small ways and set yourself up for success.
If you make financial decisions with immaturity, you will be broke your whole life. The table below is a sample financial guide that will help you manage your finances.
STEP 1: List Your Savings Goals
STEP 2: List All Your Income Source And Expenses
STEP 3: Find Out Your Saving Capacity
STEP 4: Write Your Action Plan To Reach Your Savings Goals
1. I will not spend on entertainment.
2. I will reduce aircon consumption to save on electricity bills.
3. I will find additional sources of income.
Tips To Save Successfully
Create And Follow A Reasonable Budget
List expenses. Allocate a reasonable budget for each. Use it to guide your spending.
Set aside a portion of your income in a savings account. Spend the remainder on your needs.
Spend Less Than What You Earn
Live below your means. Prioritize needs. Cut down on wants.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.