LET US BE FINANCIALLY AWARE THIS 2019

LET US BE FINANCIALLY AWARE THIS 2019

Do you always come to a point where you ask the following?

1. Where does my money goes?

2. Am I spending my money the right way?

3. Why is it my money always not enough?

Let us all be financially aware on what is happening with our hard earned money this 2019. Here are some tips on how to handle those finances the smart way.

Did you know the 10-20-70 rule?

In others, they call it 70-20-10 rule but for us it should be reversed.

The first 10% of your earnings should go back to God. Why? It is because He provides everything you have and it is right to give your 10% fruits.

20% goes to your savings. It can be in bank, investment, bonds, stocks and even emergency fund. Saving should be first priority before spending because it is hard to save if spending comes first.

When we spend first before saving, what is left for us will be our savings and most of the time, nothing is left.

Lastly, 70% will be spent to expenses. Always spend within a budget. If you do not need it do not by. Learn to prioritize your needs vs wants.

Seems impossible? It is possible. You can start at 5-10-85 or 10-10-80 it is your call. The important thing is, you learn how to manage your finances.

2019 has just started. We prepared a saving challenge for you.

52 WEEKS SAVING CHALLENGE

PhP20.00 CHALLENGE

Each week you need to save PhP20.00

This saving technique is also advisable to students. In your school allowance, save PhP4.00 per day and you will have a saving of PhP20.00 per week.

PhP50.00 CHALLENGE

Each week you need to save PhP50.00

This saving technique is also advisable to students. In your school allowance, save PhP10.00 per day and you will have a saving of PhP50.00 per week.