5 ‘Pinoy’ money habits to break

**Retz** · March 16th, 2014 09:52 PM

5 ‘Pinoy’ money habits to break

MANILA, Philippines — Filipino time, ningas kugon, colonial mentality.

We hear these phrases often – when a colleague arrives late for a meeting, when a subordinate fails to deliver on a project he was so eager to take at the beginning, or when a friend buys an imported brand even if the local counterpart is better in quality and cheaper.

We refer to these as "ugaling Pinoy."

These habits hold us back in school, work, in our relationships, and even financially.

Are you guilty of any of these habits? Now is the best time to get rid of them.

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5 ?Pinoy? money habits to break

5 ?Pinoy? money habits to break

**_Cathy_** · March 16th, 2014 11:49 PM

My friends and I talked about how much money we spend eating out, panlilibre and buying gifts for each other. I guess for now okay lang since none of us have children yet.

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**shibby75** · March 17th, 2014 12:23 AM

Those filipino habits are not that bad. Basta umiikot sa barkada at hindi ikaw palagi taya.

Pag yan palagi bukambibig ng kaibigan mo eh freeloader na yon. ;-)

**LiveLoveInvest** · March 18th, 2014 12:09 AM

In addition to this I think filipinos should add investing habits especially kung bata pa lalo na if wala pang responsibility or pinapakain na pamilya.

Like what I always tell to people especially friends and family "today we have our jobs but tomorrow we have our investments"

No matter how big or small an investment will always be an investment in the long run.

**_Qwerty_** · March 18th, 2014 10:55 AM

i agree.. invest while you're still young.. di naman kailangan bigtime agad.. you can start with your pag ibig contribution.. although some companies only requires 100.00 pesos employee and employer share (200 a month).. you can actually contribute more.. imbes na 100 lang.. make it 1000 or 2000 a month or even 5000 a month.. maganda dito automatic binabawas sayo.. so hindi ka pwede pumalya.. this earns dividends and tax free if you decide to withdraw it in 10, 15 or 20 years time.. 5000 a month + 100 from your employer that's 5,100 a month x 12 = 61,200 per year.. that's 612T in 10 years or 1.22M in 20 years.. plus dividends of at least 4% per annum.. you wouldn't notice it pero naka 10 years ka na pala.. or even 20 years..

**Retz** · March 18th, 2014 02:31 PM

maybe Pinoys could learn a thing or two form sir Li Ka-Shing.

Li Ka-Shing teaches you how to buy a car & house in 5 years

**dr. d** · March 18th, 2014 06:14 PM

e, papano naman kung may ka-barkadang hindi naman ganun ka-yaman...?
i mean, kung gusto nating manlibre, manlibre tayo. nguni at huwag naman tayong a-asa na ii-lilibre rin tayo balang araw..

**crazy_boy** · March 18th, 2014 06:20 PM

yung isang tao ko, mayaman naman sila. Dad niya CFO ng isang big time company dito sa pinas. pero ang pangit ng ugali. bukang bibig niya parati is: libre ka naman.

**dr. d** · March 18th, 2014 06:31 PM

Originally Posted by crazy_boy

yung isang tao ko, mayaman naman sila. Dad niya CFO ng isang big time company dito sa pinas. pero ang pangit ng ugali. bukang bibig niya parati is: libre ka naman.

maybe no one ever asked him, "bakit?"