The Filipinos One Day Millionaire Attitude

[Monseratto]

Splurge like there's no tomorrow...

Forgot to add the favorite Social Climber reason for going broke...getting the latest gadget.

It would seem to me that Filipinos these days have improved economic capacity, i.e. more call centers means more jobs, more OFWs means more remittances. Unfortunately, their financial literacy has not risen enough to allow them to make better purchasing decisions hence Filipinos continue to be One-Day Millionaires.

“ I just got my salary a week ago, and now I’m broke?”

“Relatives to OFW – We need money. The money you sent last week is not enough! We will starve if you don’t send.”

The big WHY? We collected here the top ten (10) reasons…

Out of town

Filipinos love going out of town, doesn’t matter if there is an occasion or none. They don’t care how much it will cost as long as they can get out of their “daily routine.”

Shopping

With more and more international brands opening up stores in the Philippines – Uniqlo, Forever 21, H&M – Filipinos have flocked to these stores in droves on buying sprees. Some even come from as far as north and south of the country just to shop at these stores.

Giving money to relatives

More and more Filipinos move to the metro cities to get jobs. Initially the plan is to support the immediate family but as they start earning more they also begin to support the extended family. Sadly, some do this simply to show that they are better than the rest of the family.


Malling

Malling is the new in-thing for Filipinos. Manila has become one city of malls, with new malls big or small sprouting up everywhere. Given the many malls, you will find Filipinos always inside one – either to get relief from the heat or to just simply walk around or worse end up buying from wants rather than needs.

Cinema

Movies is another past time for the Filipinos. You can always see long lines of people especially on movie opening days of their favourite local movie stars.

Party

Filipinos always look for a reason to go out . One of these is trying out new bars and restaurants, doesn’t matter if it’s expensive or not. What’s important is that they’ve been to this new place that’s the talk of the town.

Expensive Restaurants

Another habit of a Filipino is to go out with the entire family on weekends. But these days Filipinos love to go to the newest restaurant that opened which are not necessarily cheap.

Casino

Now that there are casinos everywhere in the country, Filipinos have been enjoying the games and trying their luck out. Some end up losing everything they own as they get addicted to the games.

Excessive groceries

Go to any S&R branch and you’ll be amazed at how Filipinos buy their groceries. At check out counters, you’ll see rows and rows of grocery carts just for one buyer. They buy as if there is no tomorrow.


Beauty Salon

These days external beauty, i.e. white flawless skin, long silky hair, etc. can be achieved when you have the money to go to all the many beauty clinics around the metro. And Filipinos have gone gaga over whitening soaps and lotions and getting their hair coloured. Some spend huge sums for their so-called “wellness” rituals like foot scrubs, body massages, body scrubs and the like.

[jick.cejoco]

Hahaha

One teenage girl to her dad at the "duty free" shops:
Dad, we need more spum(sic) to give to the neighbors

[Altis6453]

To add:

The Latest Smartphone

Doesn't matter if its an iPhone 6 or the latest Samsung Galaxy S6. Pinoys have to have it kasi.....shoshyal! Of course, add to that the cost of a data plan which you pay monthly

The brand new car

Doesn't matter if you can only park your car outside your house, basta bago.

Online Shopping for ________

Online shopping is either a boon or bane, depending on your spending habits. But watch out for those who spend on big ticket items (i.e. appliances, gadgets) from online shopping sites.

[jaypee10]

ganyan kapit bahay ko..


one day Millionaire.tommorow nga nga!!

lahat ng binile,ex 50" LED smart TV bought 30K benta agad after 2weeks ng 15K..ha ha ha...
wala na kasi pera,naubos na..

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ganyan kapit bahay ko..


one day Millionaire.tommorow nga nga!!

lahat ng binile,ex 50" LED smart TV bought 30K benta agad after 2weeks ng 15K..ha ha ha...
wala na kasi pera,naubos na..

[sphinxz]

Kaibiganin mo yan sir, tapos ikaw bumili ng mga sale items nya or hanapan mo na agad ng buyer. Haha

[jaypee10]

Kaibiganin mo yan sir, tapos ikaw bumili ng mga sale items nya or hanapan mo na agad ng buyer. Haha

hindi po.mahirap kasi maki pag friend sa ganyan..baka mahawa or madamay ka sakali sumabit or magka aberya.

experience ko lang..cellphone or kahit anong appliances,inaalok nila sa kapitbahay kapag ubos na budget nila..at naobserbahan ko lang sa una palaging fiesta sa kanila after a few weeks..malungkot na..

- - - - - - - - - - - - - - - - - - - - - -

Kaibiganin mo yan sir, tapos ikaw bumili ng mga sale items nya or hanapan mo na agad ng buyer. Haha

hindi po.mahirap kasi maki pag friend sa ganyan..baka mahawa or madamay ka sakali sumabit or magka aberya.

experience ko lang..cellphone or kahit anong appliances,inaalok nila sa kapitbahay kapag ubos na budget nila..at naobserbahan ko lang sa una palaging fiesta sa kanila after a few weeks..malungkot na..

[jick.cejoco]

Kaibiganin mo yan sir, tapos ikaw bumili ng mga sale items nya or hanapan mo na agad ng buyer. Haha

Negosho nila buy and sell. Bili ng mahal at ibenta ng mura kung wala nang makain

[sphinxz]

I believe kung disiplinado ka talaga sa finances, mahirap na mahawa ka. Better yet, hawaan mo sya ng pagiging matipid and maging discerning sa mga binibili kung ano ang need and ano ang sulit. Pero mura yung TV ha. Haha branded ba?

[badkuk]

Kwento ng pinsan ko sa states baligtad naman: sabi nung isang kano sa kanya, "you Filipinos really know how to save". Karamihan ng mga puti ganun, spend like there's no tomorrow, and the student loan/easy credit scam just makes things worse....habang yung ibang Pinoy nakakahulugan na ng bahay. So i guess this attitude is not unique to us Pinoys.

[badkuk]

I believe kung disiplinado ka talaga sa finances, mahirap na mahawa ka. Better yet, hawaan mo sya ng pagiging matipid and maging discerning sa mga binibili kung ano ang need and ano ang sulit. Pero mura yung TV ha. Haha branded ba?

i think this has a lot to do with parents' upbringing. i don't get why some parents insist to buying the sosi stuff for their kids, kahit baby pa(the baby's not gonna care what he/she wears, he/she is still gonna throw up and drool onn it), and sinasanay sa mga mamahaling bisyo e.g. starbucks, fancy restos, etc. Some would reason out that they're only kids for a very short time, but i'd argue that they'd spend a lot more time as adults, so better train them to be good ones.

- - - - - - - - - - - - - - - - - - - - - -

I believe kung disiplinado ka talaga sa finances, mahirap na mahawa ka. Better yet, hawaan mo sya ng pagiging matipid and maging discerning sa mga binibili kung ano ang need and ano ang sulit. Pero mura yung TV ha. Haha branded ba?

i think this has a lot to do with parents' upbringing. i don't get why some parents insist to buying the sosi stuff for their kids, kahit baby pa(the baby's not gonna care what he/she wears, he/she is still gonna throw up and drool onn it), and sinasanay sa mga mamahaling bisyo e.g. starbucks, fancy restos, etc. Some would reason out that they're only kids for a very short time, but i'd argue that they'd spend a lot more time as adults, so better train them to be good ones.