4 Financial Mistakes to Avoid in your 20’s!



Your life decisions in your 20’s are crucial. Everything that you do in this third decade of your existence will determine how your future would be like. And while you still have a lot of years to correct them, you may be up to a surprise later on when everything feels like it’s too late.
How you handle money is very important as a twenty-something. I learned this the hard way, and that’s what I aim to share in this article. I am listing down a list of money mistakes that I made in my 20’s that I wish I avoided when I was your age.

Don’t fall into the same trap. I’m telling you, it is so difficult to get out!

Getting a Credit Card

Don’t get me wrong, credit cards are good if you know how to use them properly. There are many ways on how to make them work for you, and enjoy them without accumulating debts.

However, I got my credit card without having any knowledge on how it works. I knew nothing about the annual fees, interest rates, and the difference between outstanding balance and minimum required payment. Never get a credit card if you are that uninformed.

Related topics:
7 Things you Need to Know Before Getting your First Credit Card
What I Did to Save Money and Settle my Credit Card Debt

After your first year of being in the work force, you may find yourself receiving credit card offers from banks. That’s how easy it is for young people to get a credit card. This is because you are still starting fresh, no credit history, and practically an easy target.

Not Saving Now

I still remember a co-worker who shared her story about having been working for six years but still without savings. She wonders, in a regretful manner, how and where all her money went. I just signed my regularization papers at that time and I had no savings too, so hearing this from someone who’s been working way longer than I am was a relief. It means I am not alone.

Yes, I was not alone. But NO, feeling relieved about that is just bad. Not saving money shouldn’t be normal at all.

Related topics:
4 Budgeting Tips That First Time Workers Should Know
How to Save Money While Renting

Start saving money as early as you can. It doesn’t have to be big, in fact I am an advocate of starting small. If you do not have a saving mentality like me, saving small amounts every payday is the key. It’s like working out in a gym, you need to start from lifting lighter weights until your muscles get used to it. Then you can slowly add more weights as you go.

Related topic:
Have you Tried Saving your 50 Pesos?

You need to practice your brain to get used to saving money until it becomes a habit. A habit comes naturally, and always easy. Imagine how awesome it is like to be saving money so easily.

Getting Loans

Unless it’s for an emergency, never ever get loans. But again, that’s why you should be saving in the first place, to be always prepared for any urgent financial needs.

Salary loans are very enticing, but why not convince yourself to save an amount equivalent to a month of salary instead? Because then you won’t need to apply for a salary loan anymore.

Don’t apply for loans just because everyone is doing it. Loans are good only if you plan to use it to start a business.

Living the Social Media Life!

Shopping, traveling, and eating out just to make your social media feeds look luxurious. If you do this with a business plan in mind, that is great. A lot of social media influencers are making money because they have that business mindset. They know how to turn their social media following into cash.

But if you are spending money on luxury just to impress, you know for sure that this is a mistake that you just love doing.

Related topic:
7 Reasons Why Saving Money is Hard for Most Pinoys

What I learned now is to always look at how I could make money out of what I am spending for. If I buy clothes, can I sell them out online later? I am so jealous of young people who are making thousands from selling their used stuff online. Whatever it is that they are selling, provided it’s all legal, I sincerely admire them for that.
If you haven’t already, you should start saving while you are young. Start today!

Never ever think that you have a lot of time to do that later on. Yes, it’s never too late, but as a 30-something, I really do wish that I started saving when I was younger.

You know when they ask you about what you would like to change in your past, if given the chance? Saying nothing and declare that you are happy with everything you have become is politically correct, but my honest answer would be to go back and make myself a lot more smarter, financial wise!

Saving on Condo Interior Design and Renovations – Part 1



While still looking for a condominium two years ago, I was already thinking of how the interior of my unit would look like. I even contacted my friend, and told him that I’ll be needing his help. He’s an Architect, and he laughed at the idea of designing the unit for me for we were classmates back in college. Yes, I didn’t pursue a career in design and construction despite earning the degree.

After the unit turnover, things didn’t go as planned and I moved in to my new place without doing any interior renovations. I am putting that off until I get to earn enough money to do it.

For a few months, I was thinking of hiring a professional and let them do all the works. I’ve seen several interior designers whose rates are reasonable, and their works are quite impressive. But six months later, it looks like I’d be going back to utilizing whatever is left of what I learned from studying Architecture for over five years.

Yes, hiring an interior designer is definitely advisable especially if you are not too sure about what you want to do with your space. However, I decided that I’ll be my own interior designer in order to save on professional fees. I will then look for a contractor to execute my design, and slowly start decorating and furnishing my unit from there.

Most of these contractors are experts on what they do. You show them the design, and you can be sure that they will be able to give you the finish product. The best part is, they pick and supervise their own workers themselves so that saves you a lot of time and headache too.

Aside from checking their sample works, one tip when looking for a contractor is to see if they have previous projects for spaces which are similar to yours. For me, I started looking for past renovation jobs done in our building, and that led me to finding several of them on Facebook. The fact that they have already experienced dealing with our building management means that I wouldn’t be needing to show or guide them about the process. In short, they’ll do all the paper works too!

I am looking forward to starting this project this year. I may not be able to afford a fully renovated and furnished unit by the end of the year, but I’ll start with the basics:

– I’ll have to design a floor plan of my unit, which I will be discussing with the contractor. I am no longer updated with building materials, so I will rely on their recommendations.
– This renovation will include: partition for one bedroom, ceiling design, customized closet and kitchen cabinets, countertop, kitchen tiles, bathroom renovation.
– Mirrors to create space.

– Lighting.
– Paint jobs.

I figured, it would save me money to settle for a basic finish and continue with the rest later on. I am going for an all-white finish, and work on this color by choosing the right pieces of furniture. If it won’t work, I could easily make changes with the help of wallpapers. There are many types of wallpapers available which anyone could DIY. Instead of the usual framed artworks, I am looking at printing photos from my photography archive and hang them on my walls. I have tons of photographs in my hard drives to choose from.

I wish the first IKEA branch in the Philippines will open this year. But according to the Facebook post by the Philippine Star, it will be opening in 2019. Last year (2017), IKEA announced that its first branch in the Philippines will open soon. News about its location were quick to spread, and lots of netizens were guessing that it will be in Cavite or Laguna. We’ll the first IKEA store will be built right next to the Mall of Asia Arena:
The parking lot between the MOA Arena and SMX Convention center will be developed to be the location of the first IKEA store in the Philippines, and the opening date will be in 2019. The second store is said to open in Fairview to serve #North residents.

How much does this interior renovation cost? I’ll update this post as soon as I have the complete breakdown. I’m excited to see how much I could save by designing the unit myself. I am hopeful that my contractor could execute the job well; I will be posting their contact details here too.

A Parent’s Unconditional Love

Sunday mornings are my favorite. It is always silent and calm, and even a noisy and chaotic place like Metro Manila share a few moments of such stillness. Too bad, I couldn’t wake up early on Sundays anymore. My body clock keeps me asleep until noon that when I am ready to get up, the reality that the weekend is about to end starts sinking in. I will then go back to bed in total surrender of the fact that the dreaded Monday is coming.

Waking up to this view.

That Sunday was different. I was at home and I woke up to the pleasant noises associated to the provinces – dogs, chickens, old songs playing from a neighbor’s transistor radio, and the occasional shouting of kids running around the neighboorhood. I reached for my phone to check the time – it was 30 minutes past 10AM. My mom’s text message popped up on my screen. I can’t help but smile while reading it, it’s in Ilocano:

Roughly translates to “Are you awake? Get up and eat. Your father didn’t come to church for he cooked for you, the food is ready.”

It was lovey and bittersweet. I spent the next ten minutes staring at the ceiling, trying not to feel disappointed of myself for oversleeping. I missed joining my parents at the breakfast table. I was returning back to Manila that afternoon, and thinking that I only have a few hours left made me feel bad.

It was a sudden change of emotion in contrast to what I was feeling before I left Manila. That week, I didn’t really wanna take the long, eight-hour journey home. I use to enjoy it during the first five years, but over a decade later, the thought of it alone is already exhausting.

But my father would ask me the same thing when he calls: when are you coming home? I would often make excuses, and I must have ran out of alibis one day that I answered “this weekend”. He got excited and quickly requested me to buy a new stove (of all things) to bring home. I didn’t want to break his heart so I reluctantly packed my bag that Friday, bought a stove, and took the early morning bus bound for the North.

My parents and I.

I went downstairs, and was greeted by the nostalgic smell of home-cooked food. My father was already busy preparing our ulam for lunch. I made my coffee, and munched on the fried fish and egg that he served for breakfast.

A moment that’s so simple but so precious.

It was over ten years ago when I moved to Manila. I would go home at least once every two months, or during especial occasions. And some things never change. My parents still cook for me. When I arrive, I’d leave my shoes and socks outside by the door. My mom would later pick them up and neatly place them on a shoe rack, then bring them out under the sun the next day. In my room, my bed is always carefully made. That distinct smell of freshly laundered, dried in the sun sheets, still gets me.

They would ask me what I want for breakfast, lunch, and dinner. They make sure that I get enough sleep and rest knowing how long I have travelled.

That day, something dawned at me that I made the decision to visit them more often.

My parents are old, and now that their children have lives of their own and are oceans apart, their joy every time they see us is overflowing. They still look forward to our gathering together in the living room for our customary long talks. They still ask me the same questions – how’s my job, my health, do I experience flooding in my area, is my commute to work safe, when is my next holiday. My answers are always, I’m fine and I’m safe, and I’ll be home when I can. But they never get tired listening to my rather short stories.

Late afternoon conversations, over coffee.

That day, I was suddenly consciously present. I treasured every moment with them knowing that those simple times would make great memories. Indeed, we are too busy growing up that sometimes, we forget that our parents are getting old too. Looking back, life hasn’t also been very easy for us, but we’ve had countless memorable experiences together which are all priceless.

A selfie with (from L-R) my niece, aunt, mom, dad, and nephew.

Leaving is always the saddest part. They still wave and say their goodbyes as they did long time ago when I first left home for high school, when I moved even farther for college, and when I eventually decided to make Manila my second home. They still even ask me if I have enough money for my fare, believe it or not. They still give me the same last minute advices that they’ve been giving me ever since – stay safe, be careful when crossing the streets!

I see it now. In their eyes, I am still their child, and they will never get tired looking after me, guiding and helping me along the way in every way they can.

I see it now.

I see that unconditional love from parents that I am so blessed to experience. I am really glad that I get to recognize that today and not when it’s already too late. It’s true, life’s most beautiful moments could happen even in the most mundane situations. For someone who tends to overthink and over analyze, God sent me home that day and made me perceive above my thinking mind. He made me recognize, understand, and appreciate the simplicity of that which we often find too deep to define: unconditional love.

A faint reminder of our humble beginnings. I was the baby in this photo, and the bahay-kubo behind the bushes at the back is where I was born.

#OPPOF5 #CaptureTheRealYou

A Coffee Addict’s Way to Save Money on Coffee!

Aside from finding ways to saving on food and transportation, another thing that I needed to address is my coffee addiction.

While I am not really a Starbucks fan, I use to get coffee from them at least once a week. When I moved to my new place, there’s a Coffee Bean and Tea Leaf beside our lobby, and a fancy Starbucks branch across the street. I would spend my Saturday and Sunday afternoons in any of these coffee shops for about five months. I am so glad I made a decision to take saving money seriously before things get out of hand.My love affair with cafés is another thing. There’s something about these cozy places that I find irresistible, and I use to not mind spending money just to be there. Well, it has everything that attracts my soul – the warm ambiance, unique and artsy interiors, nice looking people, and of course the smell of freshly brewed coffee. But again, it comes with a price.

Back home in the province, this is where I sip my coffee every morning. If only I have a similar view of my own here in Manila:
How do you save money on coffee if you are a coffee addict? I’ve tried my best in the past three months, and I am making a slow but consistent progress.

I don’t buy coffee for more than P50.

Yes, fifty pesos is the highest I would go when buying coffee outside. So far, I have two sources:

McDonald’s – P45 for a large cup, with FREE one-time refill.
Country Style – P50 for a small cup (they don’t have size variants), also with FREE one-time refill

I’ve been a drinking coffee from McDonald’s since 2013. I tried Country Style’s coffee three years ago, and I’ve been their loyal customer since then. Not only that their coffee is cheap, they don’t cater to the usual young, loud customers, and I love that.

I am now brewing my own coffee at home.

Putting these mugs that my sister gave me four years ago to good use.

I had to start by buying a coffee maker which is actually not that expensive. You can get one for just P600 here in the Philippines; I bought mine for P799. As much as possible, I bring my coffee at work (that would be my second cup for the day). Buying the fifty-peso coffee that I mentioned above is just an alternative. I think, brewing your own is the best and most effective way to save money on coffee.

When comes to coffee beans, I buy local.

I never really paid attentions to coffee beans before as I thought I could just pick one from coffee shops or grocery stores. But when I was in Sagada last November, I fell in love with their coffee that I had to ask the server where they’re getting it. I learned that it’s an Arabica coffee from Atok, Benguet. I wasn’t able to get one from Baguio, so I searched for stores that sell them here in Manila. They’re a lot cheaper, and I say local farmer friendly. Here’s a sample price list that a Quezon City-based seller sent me:

No to 3-in-1 coffee.

Not only that they are too sugary, but what’s with all those powder? They fill up almost 1/4 of my cup! I have to be honest though, we use to love them especially in the province. I see them a lot at the office too. It’s cheap and instant which we all like, but I also decided to stop buying and drinking them. It is more of a health issue for me, but actually, you won’t really need them if you are brewing.




Creating my own coffee corner at home!

I am planning to have my condo unit renovated this year, and I want a café interior as a theme! I’d like to find out if that would further keep me away from cafés, I hope it will. I have lots of ideas on my mind and I can’t wait to make them happen. With this, I can imagine my social life going from zero to negative zero.

Don’t drink coffee at all?

I don’t think I could do this, ever. There were others who were able to do it, but I do not think this is an option for me at the moment. That would be too much of a challenge. Could you actually get rid of coffee?

I don’t know where my coffee addiction came from exactly, but drinking coffee is nothing but normal in our household for as long as I could remember. When I moved to the city for high school, learning that kids there don’t drink coffee came as a culture shock to me. I was amused that I was the only one in our class who drinks coffee.

I eventually stopped drinking coffee during my mid-teenage years until I graduated from college. Years later after landing my current job, it suddenly became a daily routine for me to go to a coffee shop. The addiction came with the feeling of no guilt at all for spending P100 or so for coffee everyday. Not until I created this blog, went through a financial crisis, and made saving money a priority that I realized P100 a day actually totals to P36,500 a year! That’s enough to keep me motivated and continue with what I’ve started.

Are you addicted to coffee too?

How to Save Money on Your Phone Plan Subscription

Can you save money on your phone bill without totally cutting your plan subscription? I was asking my self the same question while reviewing my payment history with Globe. I can’t believe I’ve been paying P3,000-P4,000 for my phone plan in the past eleven months:

A quick throwback to almost a year ago when I decided to extend my 30-month phone plan subscription with Globe. I was originally subscribed to Plan999, and I upgraded to Plan1799 with an iPhone7 Plus handset (for P800 a month). That turns my total monthly bill to P2,599 for 24 months. Where does the additional P1,500 coming from? Excess usage!

What is the Excess Usage for?

Basically, the Plan1799 includes unlimited call to Globe and TM numbers, unlimited text to all networks, and a 10GB worth of data. I only call Globe and TM numbers, so I know right away that these charges are from my excessive data usage. We are all aware about the data capping that Globe and Smart are imposing. Well, because I do not allow myself to be limited by this data cap, I made the decision to pay the price. How much? P1,500 it is.

So if your plan offers a 10GB data for a month, every KB of data in excess to that is automatically worth P1,500. You’ll be paying for the excess charge anyway, so why not go unli with it? Here’s how my recent data excess charge was computed:

P1,339.29+%VAT equals P1,500 excess usage.

I understand that data is expensive so I feel that the excess charge is reasonable for a 55.6GB volume. This is the reason why I do not want to get cable as I could watch everything online. I am still hesitant to make that move to DSL or Fibr as I am more mobile as I thought; I can’t be without data when I step out of the house.

Now, how can we save on our phone plans???

Ask first if you really need the plan. Maybe consider cutting it after the contract expires, and go for prepaid. Nonetheless, if you feel that you are better off with a plan, decide on which plan is the best for you. Globe and Smart are quite flexible with their offerings, so determine which inclusions you would really want to spend on:

Data

If you have DSL at home, you definitely won’t need a high volume of data. Unless you travel all the time or you cannot live without streaming videos wherever you are, maybe it’s time to get a lower data plan. I would say 3GB is recommended for a month of regular mobile surfing:

Call and Text

Are you actually calling and texting all the time? If yes, the unli-text and call is perfect for you. Otherwise, get rid of it and look for a plan that includes a consumable option. Make sure to stick within that limit to avoid extra charges.

Other Inclusions!

Do you actually want all those inclusions? Perhaps your data allowance is already enough to cover everything, so check your bill for any unused inclusions. Ask your service provider to remove them if there are any.

Free Subscription that Auto-renews

Your plan may include free subscriptions to Spotify, Netflix, etc. They are free for a certain period, normally around 3-6 months and will auto-renew after that. If you do not want to keep the paid subscription for the succeeding months, contact your network and unsubscribe before it starts appearing on your bill.

Paper Bills

Do you really need the paper bill? Banks and other networks accept soft copies and print outs of your bill as a proof of billing. I don’t know which other purpose would you be needing the paper bill for. With Globe, that is P50 a month and they actually encourage their users to go paperless. Subscribe to paperless billing and save that 50 pesos (P600 per year)!

Source: Globe FAQs

Lastly, get a cheaper handset.

I want to keep my number so I am extending my plan with this as the major reason. I realized, I may not be wanting an iPhone again in the near future. I will also be going back to my old Plan999 after my current subscription expires, and will downgrade to a cheaper phone, most probably an Android. The expensive, new phones this year will surely get cheaper next year!

I get a lot of calls from Globe offering me additional lines, and I am always firm at declining them. Which reminds me – do not get an additional line! Unless you need them for business purposes, you do not want to pay for more than one phone bill a month.

How are you saving on your phone bills? Have you experienced switching from postpaid back to prepaid?

Earning $0 from my First Month of Doing Affiliate Marketing

Back in November, I started learning my way around affiliate marketing as a “new blogger”. See, despite my 10-year blogging experience, I never really focused much on blog monetization. I never had the courage to take risks, and I admit, I was too lazy to learn.

In the span of two years, from 2007 to 2009, I use to connect with several bloggers. It was just pure past time, and connecting was a way to attract followers. Although I ventured into paid posts just like most of them, I never really understood how one could make serious money blogging. I eventually stopped when paid posts became scarce.


After a few years, my fellow bloggers who continued monetizing their blogs went on to become sources of viral articles. I would often see their posts being shared on social media. I was amazed and envious at the same time; I wish I didn’t stop learning!

Fast forward to ten years later, here I am starting over again, eager and excited to explore more of what blogging has become. That’s how I came across affiliate marketing.

So how much did I earn after a month of doing affiliate marketing? Zero. Nothing. $0.

Now, you must think I am crazy. Who in their right mind would want to embarrass themselves by publishing about a zero earning? And would anyone be interested to even read an article about not earning a single cent after a month of doing affiliate marketing? I don’t know either. But I did promise to share my experiences, and I think talking about starting from absolutely nothing is not really a bad idea.

So what are the affiliate marketing programs that I signed up to? And what went wrong? Let me discuss.

Amazon – Probably the most popular affiliate program available in the world wide web. While they have a very wide selection of products to promote, I find it difficult to find one that would fit in my blog. I thought gift cards are quite close, so I selected that for my first banner.

Lazada – I think Lazada is popular amongst bloggers in Asia. While Zalora is for fashion and lifestyle bloggers, Lazada is more like Amazon, so it caters to a broader audience. I knew I cannot do Zalora, so I went for Lazada right away. I like the fact that they have regional offerings, so you can select one that targets your reader’s locations.

Agoda – I thought it was appropriate to try Agoda as I am bound to publish travel-related posts at anytime. You get a commission for every booking made from your affiliate link; now I envy travel bloggers!

JVZoo – I honestly do not understand JVZoo. Well, I guess it’s very typical for a newbie to try and explore things and later on asks “what was I thinking”? I am not comfortable at giving out my credit card details upon signing up, so I give this one a pass at the moment. But I’m pretty sure I’ll reconsider in the future.

Bluehost – Since I started buying virtual real estates, I’ve always wanted to try Bluehost. However, GoDaddy has cheaper offers so I would end up ditching Bluehost. Bluehost nonetheless approved my affiliate application and I was very excited to start. A few days later, I received a notice about an issue in the tax form that I submitted. I never bothered checking what was wrong. Also, I realized that Bluehost may not be a perfect fit for my niche so I guess that ends my Bluehost dreams. Ironically, I would see Bluehost ads from Adsense being displayed on my pages so I guess that is it.




GoDaddy – The only one that rejected me. It’s sad because I am a GoDaddy customer. I bought this domain from GoDaddy and subscribed to their hosting plan too. Oh, well.

ConvertKit – Okay. This is most popular amongst bloggers that I follow. The problem is, I still don’t understand how it works so I haven’t started using it yet. It just looks complicated to me and until I get to fully articulate what ConvertKit is all about, I don’t want to be publishing anything about it. I know it may be simple for others, but as goes my tagline – “layman’s term” is what I am promoting. I want to be able to talk about it in my own simple words. Just like JVZoo, I am not closing my doors on ConvertKit yet.

So there you go. So far, I am only actively publishing Amazon, Lazada, and Agoda at the moment which means I will need to have wide readership before I could actually earn something. But I am optimistic that I’ll be able to reach my first payout with them one day, and when that time comes, I will definitely be talking about it.

This is my humble affiliate marketing journey. While I am a bit disappointed, I don’t consider my first month a failure. As what they say, it is just the beginning. I am still learning, and I know there’s a lot more to come.

Cheers!!!

4 Budgeting Tips That First Time Workers Should Know

Fresh out of college and you just landed your first ever job – congratulations and welcome to the real world! You must be thinking about what to do with your first sweldo now, and let’s be honest, most of you would probably spend them on:

  • Celebration! Treat your co-workers, your friends and family. Before you know it, your first sweldo is gone!
  • Get that item you’ve always wanted to buy, or anything that you’d like to remember your first sweldo years from now.
  • Bills. Especially if you are renting, you’ll be sharing on rent, water and electric bills.

This is how we normally budget our first salary. We do not really think about saving yet, and that may be alright. However, if this has been going on for a few months, it’s time to re-think about how we are budgeting our money. Months could turn to years, and that is when living from paycheck to paycheck happens – if you never put your plans of saving money in to practice.

Ten years ago, I got my second job here in Manila and I still didn’t know how to save. My supervisor, who was just about 2-3 years older than me was traveling around South East Asia and I remember asking, how could she do that? She must be receiving a really high pay! Those were the days when seat sales or Peso fares are not a thing yet, so traveling was a lot more expensive.

She actually sat me down and gave me a few tips about saving. She was the one who first told me about the right formula (literally) on how to save. Here are some of the basics on how to budget your salary that even old timers like me need to know.

1. Pay yourself first.

Upon receiving your salary, put away a certain amount for your savings. The formula is always salary minus savings, and spend only what is left after savings.
Stick to this rule! The earlier you put this to practice, the better. Make it a habit. Immediately save a certain amount as soon as you receive your pay, then forget about it. Whatever is left is the only money you have until the next payday.

2. How much should you save?

Ideally, 20% of you income should go to your savings.

If you have been working for a while and still having a hard time to save, go small. Maybe 10%? This is considered too low for many, but for the rest of us who are not savers, starting small does the trick. Again, you need to make saving money a habit, and if you’ve been used to spending all your money, starting big is not going to work. Chances are, you would go broke a week before payday and you would end up “stealing” from your savings account. Try to start small until you can make saving a habit, then add more as you progress.


3. Now, do you feel that you are not earning enough to be able to save?

A higher salary is not a guarantee either. When you earn more, you will tend to upgrade on everything. When I started working, I thought my salary is just enough for my budget on spending. There’s not enough left for saving, and that is because I was not following the formula. I thought I’d be able to save when I get a better-paying job. And so I thought.

Related topic:
7 Reasons Why Saving Money is Hard for Most Pinoys

I spent five years in my second job, and experienced salary increases every year. But it never felt enough. Why? Because I kept on upgrading my lifestyle too. That’s how some of us have been conditioned to think. Let’s put an end to this mentality!

4. Are you renting?

Make sure that only 20% to 30% of your salary is going to your rent. If your rent is more than 30% of your salary, look for a cheaper place. There are also lots of ways to save when you are renting, and I discussed them in this post:

How to Save Money While Renting

If you are not renting, it means that the amount you are saving should not be less than 30% of your salary. Try 40%!Again, start early. Save while you are young. Always pay yourself first. A healthy bank account could mean a lot of things later on – being able to afford insurance and investments at an early age, bigger chances of getting approved of your home or auto loans, and even your credit card applications.

Banks will be offering you stuff such as a reward cards and other promos. Above all, the sense of security knowing that you have money to use in case of emergency is priceless!

I wish I’d known all these before I graduated. I wish there was a mandatory finance or budgeting classes to enroll in. Are they now teaching these in schools?

Money Saving Challenge Report: Week 3

This update is quite late, but how was my third money-saving week? I would say it went pretty well.

First, I took jeepney rides to work for the entire week! That’s a huge accomplishment. I am taking advantage of the good weather when it’s not as hot as Summer; I could still tolerate the heat. I doubt if I could do this in April and May, but who knows?

Additionally, my Grab reward points will expire this December so I have been using them to get me 50pesos off on my rides going home. In total, I got to save over Php600 on transportation last week and that is awesome!

Fast-food intake stays at once a day. We had a free meal at the office (as a prize for winning an office event) last Friday so that’s minus a hundred off my budget for food. Wonderful!

Coffee, unfortunately remains a weakness, but at least it’s not Starbucks? I still go to McDonald’s or Country Style for my daily coffee cravings. Which reminds me, I think I should post about my love of Country Style next time.

But first, tomorrow is 13th month pay day. Another challenge. Wish me luck!


Money Saving Challenge Report: Week 2

I am back in Manila from a three-day tour in Sagada (plus two days in Baguio). Sagada is a whole different topic deserving of its own dedicated blog post, but if I summarize the experience in one sentence – Sagada is so much better pre-That Thing Called Tadhana era. I have been there in 2011 so I could enumerate several before and after differences. I will talk about the new Sagada in my next post.


Moving on, something dawned to me during the trip – I couldn’t stop thinking about how I could save when travelling. This has never happened to me before, and it feels strange.

See? When I travel, I don’t wanna skimp on anything. I actually booked our tour three weeks prior and barely over a week before I started planning my weekly money saving tips (for myself). So during the trip, I was mentally computing how much I would have saved if I didn’t resort to my comfort-over-everything philosophy. I spent a whopping Php20k for this trip (for three), while a friend is having a 6-day tour in Japan (yes, Japaannn) for only Php21k all in!

I was drafting this post while sitting on a couch in a small mall café in Baguio, and at that moment, I regretted ordering the hot mocha in front of me. Not only that it is ordinary and pricey, but really, what was I thinking? I am now starting to question my poor life choices involving money. And whenever I catch myself unaware of what I am spending for, I will make sure it is documented. This series is gonna be long.

On to my money saving plans, I didn’t get to put everything into practice as I was away for the most of the week. Nonetheless, I am proud to say that I managed to avoid Grab and Uber for two days in a row when I got back. I didn’t get rid of the coffee though, but I still am eating breakfast and dinner at home which is good. Overall, I think I am improving. I shall be back on track next week.

Cheers!


Things to Give Up in Order to Save Money in 2018

So last week, I started listing down different things on how I plan to save money, one week at a time. Because I am that guy who finds it very hard to save money, I decided to make it a weekly plan instead of a daily plan, at least as a start. I am hoping that it will become a regular habit in the future, and blogging about it keeps me motivated. In a way, it pushes me to discipline myself knowing that I would end up deleting all these money-saving-tips posts if I won’t do them.

Now, before I list down the things that I plan to give up in order to save money in 2018, here are the ones that I already gave up in the past years which have helped me save money:

1. Television – It’s been four years since I gave up television! Prior to that, I couldn’t seem to live without it.
2. Cable subscription – I have had cable TV since college. I am so happy that I was able to make cable TV a thing of my past.
3. Fast food – I still eat fast food everyday, but managed to turn it from three times a day to just 5-6 times a week. That’s an improvement, but I am aware that it is still an issue health-wise.
4. Movies – I went from 2-3 times a month to once every 2-3 months.


I didn’t even realize these four helped me save money in a way, it would have been nice if I was able to track my before and after expenses with them.

Moving on, I now turn to the hard part of consciously identifying the things that I could give up in order to save money. I say “could” instead of “should” because just like my weekly plan, I do not want this to be a forced activity. So in 2018, I believe I could give up the following:

1. Uber and Grab – I took a trycicle and a jeepney ride to work for the first time yesterday, and I was very happy with my accomplishment. I initially planned to do it on a Friday, but I did it on a busy Monday! In 2018, I plan to do this more often. For my safety, I will still be booking Grab or Uber to get home.

2. McDonald’s Coffee – I am not a fan of Starbucks but I drink a large coffee from McDonald’s at work everyday. That is still 42 pesos times five. As an alternative, I am getting a coffee maker for myself this Christmas. I’ll brew my own coffee and bring it to work!

Take the last bite!

3. Eating out – This is my ultimate weakness because I don’t cook, and I am too lazy to cook. My philosophy is – I’d rather save my time and energy preparing my food in to doing something else. And by preparing food, that includes going to the market or grocery up to the time you need to wash the dishes. That’s exhausting! Why do I have to endure all that when I can just go somewhere else to eat and leave when I’m finished?

But because I am on the mission to save money, I will start limiting this habit. I think the weekly plan that I just started works for me. I know it will be difficult but I’m up for this challenge.

So these are the three things that I think I could give up or limit this coming 2018. They are not something that I could promise to let go totally, but who knows? That’s the good thing about not forcing myself to make abrupt changes, it becomes easier when I do one small step a a time. Starting big never worked for me as I have been conditioned this way for so long.

I am hopeful that I would be able to add more to this list before 2017 ends. I have over a month left to prepare so wish me luck!

What are the things that you have given up, or plan to give up to save money?