Are you good at budgeting?

By Erly Maglangit

@cacay1 (84460)

Cagayan De Oro, Philippines

March 3, 2025 11:46pm CST

Despite you're from a tier 1, country do you still do budgeting? When an individual has a lot of money, he or she never cares to budget. He or she can buy anything to satisfy his or her whims. But those who are struggling, budgeting is essential to avoid wastages. In the previous year's I was so extravagant, I didn't care about the prices and the wastages. I always have money, but when I attended seminars on financial literacy, that changed my life forever. I am now good at budgeting and can suffice to live in frugality. I learned a lot and saved a lot too. What about you?

10 people like this

10 responses

@Kandae11 (56087)

•

4 Mar

I am so good at budgeting that l still have supermarket receipts from ten years ago..

2 people like this

@cacay1 (84460)

• Cagayan De Oro, Philippines

4 Mar

@Kandae11, wow, really? You van do compare-contrast of prices. It is so good to hear from you that you are good at budgeting.

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@Kandae11 (56087)

•

4 Mar

@cacay1 Sometimes l like checking how much prices on the same items l bought years ago have skyrocketed.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

4 Mar

@Kandae11 that's surely be the picture of the prices of yesterday and today. It's very far from yesterday. I don't understand how the prices soar up as if never like to go down. It's worrisome.

1 person likes this

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Gayle Harrelson

@2ndchances24 (10184)

• Cloverdale, Indiana

4 Mar

We have always budget what $ we could get rather it was from the recycling we use to do to every pay check hubby use to make while driving semi's across the states for 20 yrs of our marriage, till he retired & went on social security & we STILL budget all our $ & no matter how much we budget it never fails, there's never any extra to save back, cause what we can save it goes on bills the following mon.

1 person likes this

@cacay1 (84460)

• Cagayan De Oro, Philippines

4 Mar

@2ndchances24, I understand your situation being married and having kids and the amount set aside is intended to pay bills. The time comes you'll be able to save.

1 person likes this

Gayle Harrelson

@2ndchances24 (10184)

• Cloverdale, Indiana

5 Mar

@cacay1 We never had kids it's always been just the 2 of us, we're a lot better off now than we were back when we 1st got married up till he retired & we moved to Indiana in 08. We had our problems getting our lives right & our struggles when we moved to Indiana but we got through them & doing a lot better.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

5 Mar

@2ndchances24 that's so good to hear from you that you are now doing a lot better. Sorry to hear you don't have a kid. Maybe both of you decided not to have a kid.

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ultraman cosmos

@id_peace (15339)

• Singapore

4 Mar

In my country, my government would have force save 20% of the salary received for us. The employer will do a partial match which the total amount work up to 33% or 1/3 of the salary. Generally, I will try to spend without the need and I will scale down on the cost of living somehow.

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ultraman cosmos

@id_peace (15339)

• Singapore

4 Mar

@cacay1 It will be deposit with the government. It can only be withdraw at age 63 or older upon retirement.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

4 Mar

@id_peace okay I understand now. Ours here, we are also deducted automatically intended for employees pension upon retirement, For government employees, the retirement partner is GSIS, for private companies, retirement money is deposited to SSS.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

4 Mar

@id_peace, I also like that auto deduct of 20 % from our salary. Is the 20 % deduction of your salaries auto deposited to the bank or only to be withdrawn during retirement or resignation?

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@Deepizzaguy (108141)

• Lake Charles, Louisiana

13 Mar

I try my best to only buy items that I need and not purchase due to peer pressure from strangers.

1 person likes this

@cacay1 (84460)

• Cagayan De Oro, Philippines

15 Mar

@Deepizzaguy that's good you can avoid their pressures. Better stay away.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

17 Mar

@Deepizzaguy that's a very good action of yours It's indeed not good to be materialistic.

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@Deepizzaguy (108141)

• Lake Charles, Louisiana

15 Mar

@cacay1 I will do that since materialism will not make me happy if I do not help others.

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@Shivram59 (39971)

• India

4 Mar

What I earn from my shop; I spend it to buy things that are very necessary. My mother has me to save,a part of my earnings first and then use the rest to buy necessary things only. That's what I do.

1 person likes this

@cacay1 (84460)

• Cagayan De Oro, Philippines

5 Mar

@Shivram59, that's a very good financial planing. The time comes you'll experience financial freedom.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

7 Mar

@Shivram59 you mom is great extend my warm regard to her.

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@Shivram59 (39971)

• India

5 Mar

@cacay1 Thanks; my friend. I learned it from my mother.

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@grenery8 (15329)

• Zagreb, Croatia (Hrvatska)

5 Mar

i always made sure i don't overspend but now it's only things from the list. what list says, i should obey.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

7 Mar

that's fantastic, you obey your list

. Bring it on

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@cacay1 (84460)

• Cagayan De Oro, Philippines

8 Mar

if you don't obey then money will get out from your wallet

.

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@grenery8 (15329)

• Zagreb, Croatia (Hrvatska)

7 Mar

@cacay1 exactly. my list is my queen and i need to obey it

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@youless (112914)

• Guangzhou, China

5 Mar

I think I often pay attention to the budget. Perhaps I have learned a lot of information online and I think it's better to have more money to cope with the unknown future.

1 person likes this

@cacay1 (84460)

• Cagayan De Oro, Philippines

5 Mar

@youless it is essential to practice budgeting. It's for our own good especially this time, The prices of everything never go down. We need to budget so we can also save.

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@sjvg1976 (42014)

• Delhi, India

5 Mar

Yes, I do as I have to save money for my life after the retirement from work.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

5 Mar

@sjvg1976, you'll less worries when you retire You will have your pension and business.

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@jstory07 (142908)

• Roseburg, Oregon

4 Mar

I raised six children so I always had a budget so my children could do everything they wanted to do. Do all the sports that they wanted.

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@cacay1 (84460)

• Cagayan De Oro, Philippines

4 Mar

@jstory07, wow you're a superb mom. You're good at budgeting and your children have everything they need.

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@wolfgirl569 (113867)

• Marion, Ohio

4 Mar

I have always been

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@cacay1 (84460)

• Cagayan De Oro, Philippines

5 Mar

@wolfgirl569, most moms are good at budgeting. The control is theirs to decide. Congrats for being a good budgeter.

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