How do you guys save?

[skipper]

I'm having trouble saving right now. I don't know if its because I overspend or buy things that I don't need kasi sale pero all I know is that I wanna save na talaga and long-term sana - hindi yung tipong save now tapos gastos pag may bibilhin. Gusto ko yung tipong pang emergency talaga or for the future na Sana matulungan niyo ko

[tidus1203]

Spending less than you make... No seriously... I know it sounds so simple, but its really that simple. Now controlling yourself to do it is another...

You also have to be pretty entrepreneurial. Sad fact is if you work for someone else talagang mababa ang upside sa income. Which makes it harder to save. Dapat marunong ka rin gumamit ng capital mo, learn to trade the financial markets but only trade what you can lose...

[ghosthunter]

Learn to differentiate buying something as a "need" or "want".

If it is a "need", then go ahead and buy it. This might be like a replacement part for your car to keep it running.

If it is a "want", you have to decide twice if you really have to buy it. It is like you having an existing PC and you want to buy a new one because it is faster. But the existing PC is still useable to you and it's speed isn't really that slow either. Or like buying the latest mobile phone even if your current phone is perfectly fine. You have to learn to weigh your options and reasons on WHY you want to spend money on buying something.

[lancy09]

Kung hindi mo mapigilan bumili ng bumili, bumili ka ng bagay na magagamit mo in the future or investment na mag-aapreciate. Pre-need plans, real estate, time deposit etc. Ang ginawa ko, bumili ako condo na hulugan na 20k per month. Pag may extra ako pera, time deposit ko ng 3 months sa bpi direct. Kahit mababa interest, at least di ko nagagalaw para aksayahin. Dati bili ako ng bili ng gusto ko tapos binebenta ko ng palugi pag nagsawa.

[pink888]

Kung hindi mo mapigilan bumili ng bumili, bumili ka ng bagay na magagamit mo in the future or investment na mag-aapreciate. Pre-need plans, real estate, time deposit etc. Ang ginawa ko, bumili ako condo na hulugan na 20k per month. Pag may extra ako pera, time deposit ko ng 3 months sa bpi direct. Kahit mababa interest, at least di ko nagagalaw para aksayahin. Dati bili ako ng bili ng gusto ko tapos binebenta ko ng palugi pag nagsawa.

I strongly agree..

I was also into buying things.. Hirap magcontrol.. Good thing I'm no longer like that..

My solution -- forced savings..

I purchased condo units.. My monthly income goes there.. So, I don't buy bags and shoes anymore.. Lahat napupunta na sa investment

[Ry_Tower]

I strongly agree..

I was also into buying things.. Hirap magcontrol.. Good thing I'm no longer like that..

My solution -- forced savings..

I purchased condo units.. My monthly income goes there.. So, I don't buy bags and shoes anymore.. Lahat napupunta na sa investment

Mali pa rin, matagal at maliit kita sa condo units. Better use the money forcibly saved into low risk stocks.

[pink888]

Mali pa rin, matagal at maliit kita sa condo units. Better use the money forcibly saved into low risk stocks.

Sir, I'm in the real estate industry.. So, medyo I know po where to invest.. Which project is ok.. Which is in-demand..

I'm happy with my earnings naman po.. I buy during pre-selling.. Then, sell after a yr or so.. 100 to 200K average earnings per year.. 8000 per month lang investment.. So, not bad po..

[awing]

I strongly agree..

I was also into buying things.. Hirap magcontrol.. Good thing I'm no longer like that..

My solution -- forced savings..

I purchased condo units.. My monthly income goes there.. So, I don't buy bags and shoes anymore.. Lahat napupunta na sa investment

I suggest you invest on lands, in the long run sale and resale value are getting higher. Condo units depreciate over a period of time..

Just my 3 cent.

[_Qwerty_]

depende sa condo units.. kung maganda location and developer... maganda din ang return..

[keithdb]

1. set aside a % if your salary every payday preferable in a bank account na hinde madaling mawithdraw. Pagkakuha ng sweldo, itabi mo agad. Kung may account ka sa BPI, meron silang account na nagtatabi ng certain amount everymonth to another account na medyo may restrictions ang access. Ngayon, yung natira yun ang gagawin ibabudget mo for your other expenses. Ideally, sabi ni Mr. Colayco, 20% of your salary should be set aside sa savings/investments.
2. Pag-nakaipon ka na ng malaki (6 months worth of your salary as emergency fund). Start investing. Start ka muna sa mutual funds kung ayaw mo ng constant monitoring ng investments mo. 5K lang ang starting inverstment dun at 1K ang minimum additional investment.

Basta ang key dyan, ibawas mo na ang planned savings mo pagkakuha ng salary mo at ang budget mo ay ilimit mo lang dun sa natitirang amount.