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.

[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.

[ghosthunter]

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]

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]

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_]

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]

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.

[Ry_Tower]

Ask this yourself first in proper order:

Kelangan ba ng katawan mo?

Kelangan ba nga Kaluluwa mo?

Kalooban ba ng Diyos yan? hehehehe

Seriously, saving is also a discipline. So if hindi ka nakakasave ngayon, it will take time but kaya mo yan.

Remember the formula "Income - Savings = Expenses" dapat ha.

[CLAVEL3699]

Ask this yourself first in proper order:

Kelangan ba ng katawan mo?

Kelangan ba nga Kaluluwa mo?

Kalooban ba ng Diyos yan? hehehehe

Seriously, saving is also a discipline. So if hindi ka nakakasave ngayon, it will take time but kaya mo yan.

Remember the formula "Income - Savings = Expenses" dapat ha.

Parang Gung Ho Seminar lang yan ah...

nakaattend kaba nyan? sino speaker nyo?

[Enrikez]

Kung bibili ka ng isang bagay kailangan may balik, halimbawa kung bibili ka ng sasakyan. bili ka ng tipong mapaparentahan mo kahit yung mga hatid lang sa airport. di kahit papaano meron ka nakukuhang panghulog o savings,

[_Cathy_]

Parang Gung Ho Seminar lang yan ah...

nakaattend kaba nyan? sino speaker nyo?

hehehe. Colayco advocates that.

I won't be ashamed to admit though that I followed that formula and it worked for me

To save money, when it comes to technological products, I maximise the use or wait until it breaks down before I replace it. eg mobile phone, laptop, television etc. I will never get people who keep on upgrading their phones and pay a premium to be among the first buyers. You can also ask your parents to give you an incentive to save. eg If you save x amount, they will help you make a big purchase. At least you get to see where your money goes.

Don't feel so bad. When I started working, I was not able to save a single cent for 4 yrs from my salary. It was only my investment in GBP that functioned as my savings. It's just recently that I started saving money using that formula. hehe.

[piscesboy]

para rin sakin to TS. Thanks for opening a thread like this.
hirap kasi mag-ipon e.

[robot.sonic]

ganyan din ako dati. laging walang pera kasi gastos ng gastos.

ginawa namin nagbuo kami ng paluwagan ng mga officemates ko. regularly naglalagay kami ng pera tapos pautang namin. every payday titingnan namin kung ilang percent na ang nilaki ng pera namin. ang effect non ay lahat kaming kasama sa group ay naging matipid. instead na gagastos sasabihin na lang namin na ipautang na lang. pagsolian ng pera, kami yung pinakamaraming pera sa mga magkakaopisina. ulit na naman kami ng paluwagan. since june 2009 nagsimula paluwagan namin. hanggang ngayon buo pa rin. yung 13th month pay at bonus dun lahat nilalagay.

isa pa yung stock market. kung may murang stocks, bibili ako. di ko binasa kung pano mag withdraw ng pera. iniisip ko di ko pa kailangang malaman. after 10 months malaki na ang nailagay ko na pera pala. nakakatuwa.

wala nga lang akong bagong cellphone. walang accessories oto ko. baon ako ng lunch sa office. sun cellular ang network ko. at tawag sa akin ng mga officemates ko kuripot. pero ok lang. mas malaki naman pera ko kesa sa kanila.

[c_cube]

ako tuwing sweldo ko 30-40% ng sweldo ko deretso na sa bangko. pero naniniwala ako hindi natatapos sa pag iipon lang. dapat you let your money earn for you din. ngayon na medyo may ipon ako ng konti, gusto ko mag invest sa condo na malapit sa mga schools, yun mga studio type lang tapos papa-rent ko para extra income.

[_Cathy_]

isa pa yung stock market. kung may murang stocks, bibili ako. di ko binasa kung pano mag withdraw ng pera. iniisip ko di ko pa kailangang malaman. after 10 months malaki na ang nailagay ko na pera pala. nakakatuwa..

It's good to know that you made money on stocks. I have very low risk appetite kasi and if I were to invest in stocks, I would not touch on my savings. I would only use money that I am willing to lose.

wala nga lang akong bagong cellphone. walang accessories oto ko. baon ako ng lunch sa office. sun cellular ang network ko. at tawag sa akin ng mga officemates ko kuripot. pero ok lang. mas malaki naman pera ko kesa sa kanila.

We basically have the same lifestyle. I have a generic phone. My car is all stock. I bring baon too but more because I have specific food that I eat for breakfast and lunch. Buti na lang my officemates don't call me kuripot. hehehe.

[chua_riwap]

simple lang.
para makatipid, huwag mainggit sa mga friends na may bagong labas na gadgets, like ipad, iphone, etc. etc.......

[_Cathy_]

ako tuwing sweldo ko 30-40% ng sweldo ko deretso na sa bangko. pero naniniwala ako hindi natatapos sa pag iipon lang. dapat you let your money earn for you din. ngayon na medyo may ipon ako ng konti, gusto ko mag invest sa condo na malapit sa mga schools, yun mga studio type lang tapos papa-rent ko para extra income.

Wow that's a lot. Galing naman. A large percentage of workers don't even get to save and they have debt pa. In that aspect people without savings are better off. lol.