Frugal Living: What Habits Help You Save Money?

[chronicle]

Do you guys consider stock market as investment given how volatile the market is? Performing and non performing alike

[EQAddict]

You're doing it right. I know malaki sweldo mo and you have to established na recurring income for the future. Meron ba kayo Family Business?






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Wifey has her own businesses so that helps with the communal pot.





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[therightone]

malaki pa rin kahit na round off natin sa 40% savings, maliit talga expenses mo dahil around 25%- 30% lang income mo ginagastos mo or....MALAKI lang talaga sweldo mo! pautang!

I'm in a similar boat right now...
- Roughly 15% monthly income is regular monthly expenses (kasama rent ng condo in Tagaytay)
- 20% goes to paying 2 property loans (1 a preselling condo and another plot of land) and small VUL
- Another 15-20% extra for other expenses, mostly napupunta sa travels... we spent a total of 4 months away from the country last year
- the rest (about half) are squirreled away in various financial instruments

Dalawa lang kami and I'd like to think we live frugally compared to what we earn...

Di ko gets ung thinking ng mga tao na nakatira sa rental apartment tapos 2 o 3 kotse

Imbes na unahin ang bahay, inuuna ang kotse

We currently don't have a vehicle (used to own 2 a couple of years back) even though we can afford it, due to a change in lifestyle and for the simple reason na hindi namin kailangan hehe we opted to buy properties instead...


EDIT: We're able to achieve this mainly due to the fact that we took the time to identify WANTS vs. NEEDS.

Since we did that, there were no more impulsive buying of anything... although we did put Travel as a NEED haha with limits of course.

[uls]

anything you buy that you can sell for higher is good

even if it takes time to sell

basta the profit is far bigger than what your capital would have earned if you just left it in the bank

[jut703]

Do you guys consider stock market as investment given how volatile the market is? Performing and non performing alike

Oo naman. A sizeable chunk of my liquid assets is in stocks. With PSEi at 8900 now, it's paying out quite well.

There are crests and troughs but over the long run, stocks are a good passive investment.

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[chronicle]

^
Good for you. Im still in the red so im wondering if its really classified as investment.
---------
But to share, typical monthly savings after take home minus expenses are approx 35 percent.

I think I need to cut the fastfoods na lang. Parking as well takes a sizable chunk out of it.

[therightone]

Oo naman. A sizeable chunk of my liquid assets is in stocks. With PSEi at 8900 now, it's paying out quite well.

There are crests and troughs but over the long run, stocks are a good passive investment.

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Agree! It's one of the best financial instrument to park our money IMHO.

[dr. d]

i'm not sure...
if someone gains, someone else loses...

[uls]

it's paper gains and paper losses

you don't win or lose until you cash out

[Wh1stl3r]

Don't know much about stocks so I don't invest there. I did know enough to stay away from Calata Corp. if ever when they first came out.