Buying something which you cannot aford.

[Retz]

How about buying those expensive watches like panerai or rolex?

[CVT]

Like!!! Hehehe...

Yan yung strange sa set-up din namin ni misis. We buy each other gifts pero at the end of the day, combined earnings naman kami.

You are lucky bro... I live on a weekly allowance... He he he

During our honeymoon, wifey borrowed my atm card to withdraw some money... That was the last time I held it.... Hahaha

[boybi]

korek

kaya sabi ko i gets borrowing money to invest but borrowing money to spend on end-use consumption? it just feels wrong

How about buying a property using bank loan?

[uls]

makes sense if you're gonna use the property for business and part of the income generated from the business goes to paying off the loan

[xthine]

How about buying those expensive watches like panerai or rolex?

Same thing, if one gripes about a Rolex link costing about a hundred dollars then it probably means one cannot afford having that luxury. Or having a huge house and having to worry about the power bill that comes with it, servicing a watch for over 500 dollars etc. Reminds me of a couple I knew in CA several years ago, pets not reported so as to avoid pet fees in the complex, driving a MB coupe and ditching credit collectors.

[[archie]]

luxury items such as watches are ok as long as basic needs are met and not buying it on finance. If you can afford it, buy it. wag lang pilitin Para lang masabi.

[CVT]

So you deposit your earnings in a joint account? Wala kayo secret account? hehehe. I sometimes imagine how does finances come up with couples that are gonna get married. This is something that I could never ask family or friends that are married. hehe.

My friend is a housewife and she mentioned to me that she does not even know how much her husband earns basta he gives her money and all her expenses are taken cared of. I find it kinda off. But then again if she stays at home lang and everything is paid for by the husband, who can complain.

Your friend is always at a potential disadvantage, IMO...

Mabuti na lang kung mabait si husband at hindi nagloloko... Pero, kung may secret account,- maraming puwedeng paggamitan, maganda at masama.....

But hey, if the model works and both parties accept it,- then, why not?

Kami,- joint account,- everything. (Pero, may nakaipit lang ako sa pitaka na pang special occasion).....

And of course, credit cards....

20.4K:froggy:

[ClaNker]

Regarding watches...

Magkano ba ang cheapest brandnew rolex na pang lalaki?

[jick.cejoco]

this thread is about affordability. why not necessity or needs versus wants. if you think about it, it is not about the peso amount. nobody wants to afford an open heart surgery, but if you need it you will try your darndest to get it done even if it takes to sell your prized possessions. no amount of money can make life nor buy life. you can be the richest person on earth but you can not buy nor afford to buy an extra minute of life when you are terminally ill

[holdencaulfield]

^^naalala ko tuloy yung klasmeyt ko na vp ng bangko na kenkoy.
"pera?
wala sakin ang pera. pera lang yan bro.
uy put* piso! (sabay turo sa sahig) akin yan."

[yebo]

So you deposit your earnings in a joint account? Wala kayo secret account? hehehe. I sometimes imagine how does finances come up with couples that are gonna get married. This is something that I could never ask family or friends that are married. hehe.

My friend is a housewife and she mentioned to me that she does not even know how much her husband earns basta he gives her money and all her expenses are taken cared of. I find it kinda off. But then again if she stays at home lang and everything is paid for by the husband, who can complain.

your friend is so dumb! wife ba siya o kept woman? kabit lang ang alam ko na kuntento na inaabutan lang. dapat alam nya lahat, for her sake and the children.

in case the wife suddenly becomes a widow she need to know or have:
1. her husband's atm pin
2. her husband's internet banking password
3. blank check/s signed by her husband to be able to widraw money from checking accounts
4. where the key is for the safety deposit box, which bank and branch

kasi pag wala siya nyan then she will have to go through the process of recovering said moneys from the bank. pag wala siya ibang source e mamamatay siya at mga anak nya sa gutom bago ma-release ang pera. at may bawas pa kasi may inheritance taxes. baka nga kunin pa lahat ng gobyerno e.

5. where all the important papers are kept (like land titles, stock certificates and papers of incorporation of family owned businesses)
kasi kung di nya alam e goodbye negosyo, yari na siya dun sa lawyer o partners ng husband nya.


if the husband can not trust his wife to know and co-manage the family's finances then that relationship is nothing but one between someone with money and a *** worker (ganun trato ng mister e, bayaran). show this post to your friend, she needs waking up.

[vinj]

Nice thing about starting off with nothing, you and your spouse will really work to build it together and that counts a lot if you ask me.

How about buying a property using bank loan?

I'd recommend this especially if the property will bring you income/cash flow to support the loan over time. Actually, if you have a friendly banker (syempre friendly sila sa iyo :D ) and you have an existing property with good value, and it's not your primary residence, you can consider to mortgage it to the bank. Have them establish a loan line facility for you so you can use this for your short term business financing or investment purposes. Cash on hand when you need it then you settle it based on your cash flow, then you can re-draw from the line if you have another requirement (Revolving line). A lot of the Pinoy and Chinese businessmen i've dealt with usually have these lines as the rates can be lower and it's flexible to their needs.

[boybi]

your friend is so dumb! wife ba siya o kept woman? kabit lang ang alam ko na kuntento na inaabutan lang. dapat alam nya lahat, for her sake and the children.

in case the wife suddenly becomes a widow she need to know or have:
1. her husband's atm pin
2. her husband's internet banking password
3. blank check/s signed by her husband to be able to widraw money from checking accounts
4. where the key is for the safety deposit box, which bank and branch

kasi pag wala siya nyan then she will have to go through the process of recovering said moneys from the bank. pag wala siya ibang source e mamamatay siya at mga anak nya sa gutom bago ma-release ang pera. at may bawas pa kasi may inheritance taxes. baka nga kunin pa lahat ng gobyerno e.

5. where all the important papers are kept (like land titles, stock certificates and papers of incorporation of family owned businesses)
kasi kung di nya alam e goodbye negosyo, yari na siya dun sa lawyer o partners ng husband nya.


if the husband can not trust his wife to know and co-manage the family's finances then that relationship is nothing but one between someone with money and a *** worker (ganun trato ng mister e, bayaran). show this post to your friend, she needs waking up.

Baka nga kabit lang yung friend ni cathy?

[Boy Bastos]

Regarding watches...

Magkano ba ang cheapest brandnew rolex na pang lalaki?

Based from Amazon, around 6K US ang isa.

Rolex Explorer II 16570 Mens Steel White Dial Watch: Watches: Amazon.com

Bigatin ka talaga. Sure ako one-time cash payment yan.

[uls]

How about buying those expensive watches like panerai or rolex?

kung may extra money ka baket hinde?

parang mali kung hirap ka sa mga importanteng gastos like tuition ng anak, hulugan sa kotse at bahay tapos bibili ka ng mahal na relo on installment

para ano?

para mapakita sa mga tao mayaman ka?

[vinj]

kung may extra money ka baket hinde?

parang mali kung hirap ka sa mga importanteng gastos like tuition ng anak, hulugan sa kotse at bahay tapos bibili ka ng mahal na relo on installment

para ano?

para mapakita sa mga tao mayaman ka?

Porma > Tuition ng anak

[CVT]

your friend is so dumb! wife ba siya o kept woman? kabit lang ang alam ko na kuntento na inaabutan lang. dapat alam nya lahat, for her sake and the children.

in case the wife suddenly becomes a widow she need to know or have:
1. her husband's atm pin
2. her husband's internet banking password
3. blank check/s signed by her husband to be able to widraw money from checking accounts
4. where the key is for the safety deposit box, which bank and branch

kasi pag wala siya nyan then she will have to go through the process of recovering said moneys from the bank. pag wala siya ibang source e mamamatay siya at mga anak nya sa gutom bago ma-release ang pera. at may bawas pa kasi may inheritance taxes. baka nga kunin pa lahat ng gobyerno e.

5. where all the important papers are kept (like land titles, stock certificates and papers of incorporation of family owned businesses)
kasi kung di nya alam e goodbye negosyo, yari na siya dun sa lawyer o partners ng husband nya.


if the husband can not trust his wife to know and co-manage the family's finances then that relationship is nothing but one between someone with money and a *** worker (ganun trato ng mister e, bayaran). show this post to your friend, she needs waking up.

Kaya kami, DIWK,- and wifey is as financially independent as I am....

20.4K:froggy:

[_Cathy_]

your friend is so dumb! wife ba siya o kept woman? kabit lang ang alam ko na kuntento na inaabutan lang. dapat alam nya lahat, for her sake and the children.

in case the wife suddenly becomes a widow she need to know or have:
1. her husband's atm pin
2. her husband's internet banking password
3. blank check/s signed by her husband to be able to widraw money from checking accounts
4. where the key is for the safety deposit box, which bank and branch

kasi pag wala siya nyan then she will have to go through the process of recovering said moneys from the bank. pag wala siya ibang source e mamamatay siya at mga anak nya sa gutom bago ma-release ang pera. at may bawas pa kasi may inheritance taxes. baka nga kunin pa lahat ng gobyerno e.

5. where all the important papers are kept (like land titles, stock certificates and papers of incorporation of family owned businesses)
kasi kung di nya alam e goodbye negosyo, yari na siya dun sa lawyer o partners ng husband nya.


if the husband can not trust his wife to know and co-manage the family's finances then that relationship is nothing but one between someone with money and a *** worker (ganun trato ng mister e, bayaran). show this post to your friend, she needs waking up.

There is no need for name calling. She has access to the bank accounts and titles etc only she does not know how much her husband's salary is. I should have been specific na salary. They have other sources of income (rental from properties). I don't know what their exact arrangement is since she only mentioned in passing that she does not know how much money her husband earns. Basta alam ko hindi siya nakikialam sa sweldo and her expenses are paid for (credit card etc) I did mention to her that I am worried for her that she is totally dependent on her husband for money, what if the husband suddenly leaves her for another woman (but unlikely) or dies, she said she will just go back to her parents or work again (not that easy IMO) But if it works for then, who am I to judge. They have been married over 10 years and seem to be happy naman. She is not the type to talk about her relationships naman kasi.

Baka nga kabit lang yung friend ni cathy?

I don't make friends with kabit. My Mom is Ninang on their wedding. She married her first BF after college.

[Horsepower]

Karamihan sa mga kakilala ko na intsik na close sa akin, ganyan ang setup. Husband handles all the finances, inaabutan lang yung wife pag nanghingi.

In our case, mas financially capable ang misis ko so I have no worries. I on the other hand, handle risky stuff (trade ng kung ano ano lang) while she's on the safe side (lawyer sya e). She's knows all my passwords and pins. We agreed to that setup para mas madali since there are times we're in different countries. Even some of my recent exes nalalaman nya. ang galing mag investigate e.

I never buy stuff I can't afford. Kuripot kasi ako to a fault at I can imagine, masakit siguro yan sa ulo. Sometimes, pag ready na yung funds na inipon ko para sa isang bagay, iba ang nabibili ko.

[_Cathy_]

Karamihan sa mga kakilala ko na intsik na close sa akin, ganyan ang setup. Husband handles all the finances, inaabutan lang yung wife pag nanghingi.

They are Chinese nga. So apparently my friend's setup is not very unusual.