How do you guys save?

**skipper** · July 8th, 2011 05:25 PM

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** · July 8th, 2011 05:36 PM

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** · July 8th, 2011 05:37 PM

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** · July 8th, 2011 05:45 PM

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.

**keithdb** · July 8th, 2011 05:46 PM

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.

**ghosthunter** · July 8th, 2011 05:58 PM

If your bank account has a sizable amount deposited, don't let it sit there idling and only earning 1% per year (or even less after taxes). Put part of the amount into the bank's special savings accounts which can earn more on interest. Check with your bank special services what they have for you. Some are long term, place you money with them for a few years (example five to seven years and earn the equivalent of 7% gross annual at the end of the plan's term).

**uls** · July 8th, 2011 06:09 PM

Originally Posted by 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

so many things to spend money on no?

so many things to buy...

so many malls so many shops so many restos so many promos

you've been seduced by consumerism dude

you wanna save?

you gotta have DISCIPLINE

stop buying stuff you don't need

you think buying stuff on sale saves you money?

how about NOT buying those stuff in the first place? saves you more money right?

stop trying to keep up with people

you feel left out ba if you don't have stuff other people have?

if your goal in life is to keep up with other people then di ka talaga makakaipon

**ghosthunter** · July 8th, 2011 06:10 PM

If you have your own place, you can look into what you can cut down.

example: water, electricity, phone, internet, mobile phone, junk food, laundry.

If you are the one who buys your groceries, buying your regular consumables in bulk can save you a few pesos. Example, buying your breakfast cereals in bigger boxes than in single serving size or buying your shampoo,etc in the bigger bottles or tubes than those sachet packs.

Price compare between supermarkets. Buying the same products at SM supermarket/hypermart/savemore actually costs more than buying at Cherry Foodarama or other supermarkets.

**_Qwerty_** · July 8th, 2011 06:11 PM

invest in something that earns more interest than what our bank gives.. example, a life insurance that gives you more than 8% dividends per year... this is what I got, i'm on my 2nd insurance now.. obligado ka pang bayaran ito monthly.. and it give your love ones peace of mind pag may nangyari sayo.. pag kailangan mo naman for emergency.. you can withdraw it plus dividends.. then get another one pag pwede na ulit.. a 500T life insurance with savings siguro mga 5T a month for 10 years..

another option is to invest in real estate.. yung tipong dapat obligado kang bayaran monthly.. may mga nag o offer nang lots sa mga subdivisions zero interest 5 years to pay.. di mo namamalayan.. tapos na payments.. mabilis lang yang 5 years.. pag kailangan mo pera.. benta.. or pwedeng collateral sa bank..

**ghosthunter** · July 8th, 2011 06:19 PM

sometimes spending and buying something will help save you money. Example, if you often use your aircon and your aircon is already very old... buying a new inverter aircon will save you money through savings in electricity.