Reasons Why You Are Not Financially Stable?

[Rakizta]

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many things on the budget .need to adjust more so i can save .

[slabdans]

di malikayan ang tagay oi

[ireneolive]

coz I don't have yet a stable job. i can save but di pa sya igo para mag settle down..

[orange_dog]

I have a cc debt that will be settled 2 years from now where I pay on a monthly installment.
After I settled my debts I may be able to save more.

[Joyful Weddings Cebu]

Just keep on moving and always think positive...

[doi]

kai lami man e.gasto

[kenjisatto1982]

nana pud ni problema sa kwarta.... hhehe.

tanaw mo ani nga vid.

5 Reasons Why Most Don't Become Wealthy - YouTube

now the good part... this is how to grow your savings, while still being able to buy things you want.

0. save money
1. Plan your expense
2. Create funds for any project, like: new (CP?, new laptop?, new Car? new House?, manganak imong missis? or you just want cold cash)
- Delay your purchase and let the "fund" work for you, put it somewhere nga mo gain siya interest (lending, COOP, Mutual funds, time deposits?) check the interest rates per month, and calculate how long it would take you to actually afford the item for less or for free.

Example:

Sweldo ka 5k net per month (minus na sa tanan expense)

You want a new CP/laptop worth 40k, you have 200k life savings sa bank, spend your savings? or let it work? by spending damage na dayon ka -40k (8 months worth of savings). 160k nalang imong savings. or let your savings work for you... find a place nga mo interest siya og dako dako.. 8% - (20%+- mutual funds) (10%+-lending) per anum that's do-able.

need: 40,000
200,000 x 8% = 16000 = 40% discount
200,000 x 10% = 20000 = 50% discount
200,000 x 20% = 40,000 =100% discount or FREE!
after 1 year maka afford naka sa imong gusto nga CP for free even with a better specs given nga mo depreciate ang value sa imong item per year, and you still got your 200k savings! + (60,000 money you saved for that year (5k per month))!

3. instead of offsetting your utang (through credit card), i offset imong savings. although credit cards are good, but you should only use your credit cards to buy your small needs, not wants. like: grocery and stuff. if you want something you do step 2.
by offsetting your grocery bills/needs.. you give your money time to earn.

The wrong conception sa mga tao is money can be earned in the future, although its true.. but ultimately you are trading your TIME to gain that money, and you are losing a lot of TIME. and its never coming back.

always remember this formula:

savings = (((money)/(Time)) - (All Expense))

Where: money, and expense can go up or down
Where: time is constant.

respect money = respect your time gaining that cash.

nose bleed ako dito... waaah

[Rakizta]

need more years para save para ma stable na .

[domzgnrlover86]

kay gastador man kaayo

[ohohoy]

TS i will change nah my lifestyle kay usa ni sa cause na dli ko financially stable..