Can you still save money out of your salary
By macayadann
@macayadann (1235)
Philippines
March 28, 2011 7:24am CST
The cost of living keeps on increasing, the ratio of salary adjustment to the cost of our basic needs is almost 1:2. One should be intelligent enough in maneuvering the budget to meet both ends,but then still even your coin bank can not eat a single centavo. As for me,all possible cutting cost is closely observed and whatever is saved that is the time to allot the savings to other expenses waiting, in this sense still no savings but the budget is met.
3 responses
@marguicha (222855)
• Chile
28 Mar 11
The only money I save (just a small amount) is the money I "pay" myself when I do something extra at the house . I have piggybanks and when I do something so difficult that I should hitre someone to do it, I put a coulple of our biggest coins in my piggybank. They add up and I use them for my vacations.
Take care
@macayadann (1235)
• Philippines
29 Mar 11
A very good idea,as housewife we should pay also ourselves for ourselves too.
@marguicha (222855)
• Chile
29 Mar 11
I did that too when my husband was alive. I was in charge of the household money, but I always saved a bit that called "my pay". I hid it even from myself so that we could go on vacations when my husband had some time.
@de_toya (2429)
• Indonesia
31 Mar 11
Inflation make the price of goods increase uncontrollable. As a worker who has income each month only, the increasing of goods price make this life harder. Even though government has increase the minimum salary as well, the increment of salary is not equivalent with the inflation. It's need smart way to manage the salary so we can use it throughout the month without need any loan. I focus spend my salary for primary needs, such us foods, water, electricity, gas, insurance and children education. Shopping for new clothes is selective and cost for communication has tobe controllable. I agree with you that we have to make saving even for little bit. Savings serves as a reserve fund for unexpected expenses.
@macayadann (1235)
• Philippines
2 Apr 11
As you save penny for yourself, the more you will be knocked by so much worries of meeting emergencies or unexpected expenses that need to be attended immediately.
@sweet_pea (3322)
• Philippines
30 Mar 11
Hardly, there is no money left for savings. It is not that we spend a lot. It is because we have quite a few investments that are being currently paid right now like insurances and housing loans. Unfortunately, in business terms, we aren't liquid. We have assets but we can't easily convert it to cash that's what I mean. Although I hope I may save on some bucks to raise our emergency fund first before building savings.
@macayadann (1235)
• Philippines
30 Mar 11
well at least you have started securing the future and that is savings already.