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Showing posts with label money saving tips. Show all posts
Showing posts with label money saving tips. Show all posts

Tuesday, August 14, 2018

5 Practical Tips to Save Up to P100K a Year From This Financial Guru






Saving money is a challenge especially if you are living from paycheck to paycheck! With the increasing prices of basic goods and services, saving money becomes a less priority nowadays. Some of us even look for a part-time or extra job to make ends meet.

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In spite of this, we should save money whatever it takes. Our savings is a big help in time of medical emergencies in the family. We can also use our savings to start a small business for an extra income! There are so many things we can do to grow our money if we have enough savings. But the common question nowadays is how to save amid increasing prices of almost everything you buy?

 Still, this is very much possible! According to Chinkee Tan, a well-known financial guru in the Philippines for his practical tips on money, we can even increase our savings up to P100,000 a year! In his video below, Tan explains five practical things where we can save money!



 1. Cut down your Cable Expenses

If you want to save some money, cut your cable! Cable is not the only way to watch your favorite shows these days. There are many cheaper alternatives to cable TV. You can also buy a much cheaper subscription for your favorite channel. You can even watch your favorite shows online or on Youtube for free! 

According to Chinkee Tan, you can save up to P12,000 a year if you are paying P1,000 a month in your cable subscription. That's a big saving indeed!

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2. Budget Your Grocery Expenses

Chikee Tan's advice — Make a list of groceries to buy and stick with it. Do not go into grocery stores without a list of what to buy. The tendency is you will spend 20-30% higher than what is expected. Do not go to the mall hungry because you will end up eating there and spending more.
Saving money is a challenge especially if you are living from paycheck to paycheck! With the increasing prices of basic goods and services, saving money becomes a less priority nowadays. Some of us even look for a part-time or extra job to make ends meet. In spite of this, we should save money whatever it takes. Our savings is a big help in time of medical emergencies in the family. We can also use our savings to start a small business for an extra income! There are so many things we can do to grow our money if we have enough savings. But the common question nowadays is how to save amid increasing prices of almost everything you buy? Still, this is very much possible! According to Chinkee Tan, a well-known financial guru in the Philippines for his practical tips on money, we can even increase our savings up to P100,000 a year! In his video below, Tan explains five practical things where we can save money! 1. Cut down your Cable Expenses If you want to save some money, cut your cable! Cable is not the only way to watch your favorite shows these days. There are many cheaper alternatives to cable TV. You can also buy a much cheaper subscription for your favorite channel. You can even watch your favorite shows online or on Youtube for free! According to Chinkee Tan, you can save up to P12,000 a year if you are paying P1,000 a month in your cable subscription. That's a big saving indeed! 2. Budget Your Grocery Expenses Chikee Tan's advice — Make a list of groceries to buy and stick with it. Do not go into grocery stores without a list of what to buy. The tendency is you will spend 20-30% higher than what is expected. Do not go to the mall hungry because you will end up eating there and spending more. 3. Avoid Eating Out! Ask yourself, how many times you eat out with friends or families in a month? If you are spending P1,000 a week in eating or drinking out, imagine that is P48,000 in a year! It does not mean you should not eat or treat your family out, but you can lessen your expenses with this. According to Chinkee Tan, treating your family once in a while is not bad at all. 4. Cancel Your Gym Membership For those who have a gym membership but does not appear in the gym. Cancel your membership and save the money. You can exercise inside your home or run around the corner. You can have the same benefit of exercising without spending money on memberships. 5. Sell Stuffs that You Do Not Need You can sell things you do not need. It could be clothes, shoes, bags and other things that you are no longer using in your house. The proceeds of this can be your additional savings!
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3. Avoid Eating Out!

Ask yourself, how many times you eat out with friends or families in a month? If you are spending P1,000 a week in eating or drinking out, imagine that is P48,000 in a year! It does not mean you should not eat or treat your family out, but you can lessen your expenses with this. According to Chinkee Tan, treating your family once in a while is not bad at all. 

4. Cancel Your Gym Membership

For those who have a gym membership but does not appear in the gym. Cancel your membership and save the money. You can exercise inside your home or run around the corner. You can have the same benefit of exercising without spending money on memberships.
Saving money is a challenge especially if you are living from paycheck to paycheck! With the increasing prices of basic goods and services, saving money becomes a less priority nowadays. Some of us even look for a part-time or extra job to make ends meet. In spite of this, we should save money whatever it takes. Our savings is a big help in time of medical emergencies in the family. We can also use our savings to start a small business for an extra income! There are so many things we can do to grow our money if we have enough savings. But the common question nowadays is how to save amid increasing prices of almost everything you buy? Still, this is very much possible! According to Chinkee Tan, a well-known financial guru in the Philippines for his practical tips on money, we can even increase our savings up to P100,000 a year! In his video below, Tan explains five practical things where we can save money! 1. Cut down your Cable Expenses If you want to save some money, cut your cable! Cable is not the only way to watch your favorite shows these days. There are many cheaper alternatives to cable TV. You can also buy a much cheaper subscription for your favorite channel. You can even watch your favorite shows online or on Youtube for free! According to Chinkee Tan, you can save up to P12,000 a year if you are paying P1,000 a month in your cable subscription. That's a big saving indeed! 2. Budget Your Grocery Expenses Chikee Tan's advice — Make a list of groceries to buy and stick with it. Do not go into grocery stores without a list of what to buy. The tendency is you will spend 20-30% higher than what is expected. Do not go to the mall hungry because you will end up eating there and spending more. 3. Avoid Eating Out! Ask yourself, how many times you eat out with friends or families in a month? If you are spending P1,000 a week in eating or drinking out, imagine that is P48,000 in a year! It does not mean you should not eat or treat your family out, but you can lessen your expenses with this. According to Chinkee Tan, treating your family once in a while is not bad at all. 4. Cancel Your Gym Membership For those who have a gym membership but does not appear in the gym. Cancel your membership and save the money. You can exercise inside your home or run around the corner. You can have the same benefit of exercising without spending money on memberships. 5. Sell Stuffs that You Do Not Need You can sell things you do not need. It could be clothes, shoes, bags and other things that you are no longer using in your house. The proceeds of this can be your additional savings!
5. Sell Stuffs that You Do Not Need

You can sell things you do not need. It could be clothes, shoes, bags and other things that you are no longer using in your house. The proceeds of this can be your additional savings!
This article is filed under investment, saving tips, practical tips, money saving tips and financial.
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Thursday, December 21, 2017

5 Money Saving Tips For OFWs For Christmas Season



Its holiday season again and your family back home is excited to receive gifts from you. They probably requested what they want for Christmas and they are expecting to see these items inside the balikbayan box. Many OFWs tend to spend and send more during the holidays as a way to get even for the lost time with the family together. The usual mind set that OFWs have plenty of money become more imminent during the season. Do not let the holidays stress you out. We provided tips you need in dealing with the holidays and getting out of this stressful situation victoriously. 1) Set your budget ahead of Christmas and make sure you stick to it! First and foremost before plunging into Christmas shopping, you must determine how much do you have and how much do you plan to spend. Know your limits and do not spend beyond your means unless you are planning to return to your host country with empty pockets, or worse, engulfed by neck deep debts. Do not pretend to be rich when you know it is far from reality. Spend wise and you will never regret it. 2) Make a list of people you plan to give gifts to. You don't need to give everyone a gift. Make a list. This will help you keep track of your spending and you won't miss out anyone that is closest to your heart. Being practical means a lot. Sponsored Links 3) Learn to say "no". Your kids has unlimited list of things they want, and because you want to make up with the times they spent without you beside them, you tend to cover it all up with material things that they want. unfortunately, it is not the wisest thing to do. The best way in handling it is to impose a one-gift policy. Let your family choose what they want for Christmas but you still need to check if it is within the budget. Explain the need to budget your spending to them. It also applies to relatives and friends. 4) Do not be deceived by freebies and "limited offers". Do not let these marketing strategy by malls and supermarkets get you. Things really aren't what they appear to be. Those "freebies" are there to make you spend more and you are actually paying for them. Stick to your list and go only for what you can afford. 5) Spend your Christmas bonus wisely. Did you received a Christmas bonus? Hold onto your horses and don't get too excited just yet. You can use it for something more practical than spending it all to make everyone "happy". You can use the money for paying off your debts or keep it as a savings that you can use should emergency comes. You will never know when do you need a contingency budget and it is better that you saved some amount for future use. You can enjoy the holidays without spending everything you have up to the last centavo. Christmas is about family and togetherness, all that matters is the quality time you spend together and not the material things you can give . Advertisement Read More: ©2017 THOUGHTSKOTO

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Its holiday season again and your family back home is excited to receive gifts from you. They probably requested  what they want for Christmas and they are expecting to see these items inside the balikbayan box.

Many OFWs tend to spend and send more during the holidays as a way to get even for the lost time with the family together.
The usual mind set that OFWs have plenty of money become more imminent during the season.

Do not let the holidays stress you out.
We provided tips you need in dealing with the holidays and getting out of this stressful situation victoriously.

Its holiday season again and your family back home is excited to receive gifts from you. They probably requested what they want for Christmas and they are expecting to see these items inside the balikbayan box. Many OFWs tend to spend and send more during the holidays as a way to get even for the lost time with the family together. The usual mind set that OFWs have plenty of money become more imminent during the season. Do not let the holidays stress you out. We provided tips you need in dealing with the holidays and getting out of this stressful situation victoriously. 1) Set your budget ahead of Christmas and make sure you stick to it! First and foremost before plunging into Christmas shopping, you must determine how much do you have and how much do you plan to spend. Know your limits and do not spend beyond your means unless you are planning to return to your host country with empty pockets, or worse, engulfed by neck deep debts. Do not pretend to be rich when you know it is far from reality. Spend wise and you will never regret it. 2) Make a list of people you plan to give gifts to. You don't need to give everyone a gift. Make a list. This will help you keep track of your spending and you won't miss out anyone that is closest to your heart. Being practical means a lot. Sponsored Links 3) Learn to say "no". Your kids has unlimited list of things they want, and because you want to make up with the times they spent without you beside them, you tend to cover it all up with material things that they want. unfortunately, it is not the wisest thing to do. The best way in handling it is to impose a one-gift policy. Let your family choose what they want for Christmas but you still need to check if it is within the budget. Explain the need to budget your spending to them. It also applies to relatives and friends. 4) Do not be deceived by freebies and "limited offers". Do not let these marketing strategy by malls and supermarkets get you. Things really aren't what they appear to be. Those "freebies" are there to make you spend more and you are actually paying for them. Stick to your list and go only for what you can afford. 5) Spend your Christmas bonus wisely. Did you received a Christmas bonus? Hold onto your horses and don't get too excited just yet. You can use it for something more practical than spending it all to make everyone "happy". You can use the money for paying off your debts or keep it as a savings that you can use should emergency comes. You will never know when do you need a contingency budget and it is better that you saved some amount for future use. You can enjoy the holidays without spending everything you have up to the last centavo. Christmas is about family and togetherness, all that matters is the quality time you spend together and not the material things you can give . Advertisement Read More: ©2017 THOUGHTSKOTO
1) Set your budget ahead of Christmas and make sure you stick to it!
First and foremost before plunging into Christmas shopping, you must determine how much do you have and how much do you plan to spend.
Know your limits and do not spend beyond your means unless you are planning to return to your host country with empty pockets, or worse, engulfed by neck deep debts.

Do not pretend to be rich when you know it is far from reality. Spend wise and you will never regret it.Its holiday season again and your family back home is excited to receive gifts from you. They probably requested what they want for Christmas and they are expecting to see these items inside the balikbayan box. Many OFWs tend to spend and send more during the holidays as a way to get even for the lost time with the family together. The usual mind set that OFWs have plenty of money become more imminent during the season. Do not let the holidays stress you out. We provided tips you need in dealing with the holidays and getting out of this stressful situation victoriously. 1) Set your budget ahead of Christmas and make sure you stick to it! First and foremost before plunging into Christmas shopping, you must determine how much do you have and how much do you plan to spend. Know your limits and do not spend beyond your means unless you are planning to return to your host country with empty pockets, or worse, engulfed by neck deep debts. Do not pretend to be rich when you know it is far from reality. Spend wise and you will never regret it. 2) Make a list of people you plan to give gifts to. You don't need to give everyone a gift. Make a list. This will help you keep track of your spending and you won't miss out anyone that is closest to your heart. Being practical means a lot. Sponsored Links 3) Learn to say "no". Your kids has unlimited list of things they want, and because you want to make up with the times they spent without you beside them, you tend to cover it all up with material things that they want. unfortunately, it is not the wisest thing to do. The best way in handling it is to impose a one-gift policy. Let your family choose what they want for Christmas but you still need to check if it is within the budget. Explain the need to budget your spending to them. It also applies to relatives and friends. 4) Do not be deceived by freebies and "limited offers". Do not let these marketing strategy by malls and supermarkets get you. Things really aren't what they appear to be. Those "freebies" are there to make you spend more and you are actually paying for them. Stick to your list and go only for what you can afford. 5) Spend your Christmas bonus wisely. Did you received a Christmas bonus? Hold onto your horses and don't get too excited just yet. You can use it for something more practical than spending it all to make everyone "happy". You can use the money for paying off your debts or keep it as a savings that you can use should emergency comes. You will never know when do you need a contingency budget and it is better that you saved some amount for future use. You can enjoy the holidays without spending everything you have up to the last centavo. Christmas is about family and togetherness, all that matters is the quality time you spend together and not the material things you can give . Advertisement Read More: ©2017 THOUGHTSKOTO
2) Make a list of people you plan to give gifts to.

You don't need to give everyone a gift. Make a list. This will help you keep track of your spending and you won't miss out anyone that is closest to your heart.

Being practical means a lot.

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Its holiday season again and your family back home is excited to receive gifts from you. They probably requested what they want for Christmas and they are expecting to see these items inside the balikbayan box. Many OFWs tend to spend and send more during the holidays as a way to get even for the lost time with the family together. The usual mind set that OFWs have plenty of money become more imminent during the season. Do not let the holidays stress you out. We provided tips you need in dealing with the holidays and getting out of this stressful situation victoriously. 1) Set your budget ahead of Christmas and make sure you stick to it! First and foremost before plunging into Christmas shopping, you must determine how much do you have and how much do you plan to spend. Know your limits and do not spend beyond your means unless you are planning to return to your host country with empty pockets, or worse, engulfed by neck deep debts. Do not pretend to be rich when you know it is far from reality. Spend wise and you will never regret it. 2) Make a list of people you plan to give gifts to. You don't need to give everyone a gift. Make a list. This will help you keep track of your spending and you won't miss out anyone that is closest to your heart. Being practical means a lot. Sponsored Links 3) Learn to say "no". Your kids has unlimited list of things they want, and because you want to make up with the times they spent without you beside them, you tend to cover it all up with material things that they want. unfortunately, it is not the wisest thing to do. The best way in handling it is to impose a one-gift policy. Let your family choose what they want for Christmas but you still need to check if it is within the budget. Explain the need to budget your spending to them. It also applies to relatives and friends. 4) Do not be deceived by freebies and "limited offers". Do not let these marketing strategy by malls and supermarkets get you. Things really aren't what they appear to be. Those "freebies" are there to make you spend more and you are actually paying for them. Stick to your list and go only for what you can afford. 5) Spend your Christmas bonus wisely. Did you received a Christmas bonus? Hold onto your horses and don't get too excited just yet. You can use it for something more practical than spending it all to make everyone "happy". You can use the money for paying off your debts or keep it as a savings that you can use should emergency comes. You will never know when do you need a contingency budget and it is better that you saved some amount for future use. You can enjoy the holidays without spending everything you have up to the last centavo. Christmas is about family and togetherness, all that matters is the quality time you spend together and not the material things you can give . Advertisement Read More: ©2017 THOUGHTSKOTO
3) Learn to say "no".

Your kids has unlimited list of things they want, and because you want to make up with the times they spent without you beside them, you tend to cover it all up with material things that they want.
unfortunately, it is not the wisest thing to do.

The best way in handling it is to impose a one-gift policy. Let your family choose what they want for Christmas but you still need to check if it is within the budget. Explain the need to budget your spending  to them.
It also applies to relatives and friends.Its holiday season again and your family back home is excited to receive gifts from you. They probably requested what they want for Christmas and they are expecting to see these items inside the balikbayan box. Many OFWs tend to spend and send more during the holidays as a way to get even for the lost time with the family together. The usual mind set that OFWs have plenty of money become more imminent during the season. Do not let the holidays stress you out. We provided tips you need in dealing with the holidays and getting out of this stressful situation victoriously. 1) Set your budget ahead of Christmas and make sure you stick to it! First and foremost before plunging into Christmas shopping, you must determine how much do you have and how much do you plan to spend. Know your limits and do not spend beyond your means unless you are planning to return to your host country with empty pockets, or worse, engulfed by neck deep debts. Do not pretend to be rich when you know it is far from reality. Spend wise and you will never regret it. 2) Make a list of people you plan to give gifts to. You don't need to give everyone a gift. Make a list. This will help you keep track of your spending and you won't miss out anyone that is closest to your heart. Being practical means a lot. Sponsored Links 3) Learn to say "no". Your kids has unlimited list of things they want, and because you want to make up with the times they spent without you beside them, you tend to cover it all up with material things that they want. unfortunately, it is not the wisest thing to do. The best way in handling it is to impose a one-gift policy. Let your family choose what they want for Christmas but you still need to check if it is within the budget. Explain the need to budget your spending to them. It also applies to relatives and friends. 4) Do not be deceived by freebies and "limited offers". Do not let these marketing strategy by malls and supermarkets get you. Things really aren't what they appear to be. Those "freebies" are there to make you spend more and you are actually paying for them. Stick to your list and go only for what you can afford. 5) Spend your Christmas bonus wisely. Did you received a Christmas bonus? Hold onto your horses and don't get too excited just yet. You can use it for something more practical than spending it all to make everyone "happy". You can use the money for paying off your debts or keep it as a savings that you can use should emergency comes. You will never know when do you need a contingency budget and it is better that you saved some amount for future use. You can enjoy the holidays without spending everything you have up to the last centavo. Christmas is about family and togetherness, all that matters is the quality time you spend together and not the material things you can give . Advertisement Read More: ©2017 THOUGHTSKOTO
4) Do not be deceived by freebies and "limited offers".
Do not let these marketing strategy by malls and supermarkets get you. Things really aren't what they appear to be. Those "freebies" are there to make you spend more and you are actually paying for them. 
Stick to your list and go only for what you can afford.Its holiday season again and your family back home is excited to receive gifts from you. They probably requested what they want for Christmas and they are expecting to see these items inside the balikbayan box. Many OFWs tend to spend and send more during the holidays as a way to get even for the lost time with the family together. The usual mind set that OFWs have plenty of money become more imminent during the season. Do not let the holidays stress you out. We provided tips you need in dealing with the holidays and getting out of this stressful situation victoriously. 1) Set your budget ahead of Christmas and make sure you stick to it! First and foremost before plunging into Christmas shopping, you must determine how much do you have and how much do you plan to spend. Know your limits and do not spend beyond your means unless you are planning to return to your host country with empty pockets, or worse, engulfed by neck deep debts. Do not pretend to be rich when you know it is far from reality. Spend wise and you will never regret it. 2) Make a list of people you plan to give gifts to. You don't need to give everyone a gift. Make a list. This will help you keep track of your spending and you won't miss out anyone that is closest to your heart. Being practical means a lot. Sponsored Links 3) Learn to say "no". Your kids has unlimited list of things they want, and because you want to make up with the times they spent without you beside them, you tend to cover it all up with material things that they want. unfortunately, it is not the wisest thing to do. The best way in handling it is to impose a one-gift policy. Let your family choose what they want for Christmas but you still need to check if it is within the budget. Explain the need to budget your spending to them. It also applies to relatives and friends. 4) Do not be deceived by freebies and "limited offers". Do not let these marketing strategy by malls and supermarkets get you. Things really aren't what they appear to be. Those "freebies" are there to make you spend more and you are actually paying for them. Stick to your list and go only for what you can afford. 5) Spend your Christmas bonus wisely. Did you received a Christmas bonus? Hold onto your horses and don't get too excited just yet. You can use it for something more practical than spending it all to make everyone "happy". You can use the money for paying off your debts or keep it as a savings that you can use should emergency comes. You will never know when do you need a contingency budget and it is better that you saved some amount for future use. You can enjoy the holidays without spending everything you have up to the last centavo. Christmas is about family and togetherness, all that matters is the quality time you spend together and not the material things you can give . Advertisement Read More: ©2017 THOUGHTSKOTO
5) Spend your Christmas bonus wisely.
Did you received a Christmas bonus? Hold onto your horses and don't get too excited just yet. You can use it for something more practical than spending it all to make everyone "happy".
You can use the money for paying off your debts or keep it as a savings that you can use should emergency comes.
You will never know when do you need a contingency budget and it is better that you saved some amount for future use.

You can enjoy the holidays without  spending everything you have up to the last centavo. Christmas is about family and togetherness, all that matters is the quality time you spend together and not the material things you can give .
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