Are you good at budgeting? / myLot

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?

7 people like this

7 responses

Kandase

@Kandae11 (55921)

•

10h

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

2 people like this

Erly Maglangit

@cacay1 (84328)

• Cagayan De Oro, Philippines

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

2 people like this

Kandase

@Kandae11 (55921)

•

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

2 people like this

Erly Maglangit

@cacay1 (84328)

• Cagayan De Oro, Philippines

@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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lilacskies

@lilacskies (7656)

• United States

Yes, I do. I am on a tight budget.

2 people like this

Erly Maglangit

@cacay1 (84328)

• Cagayan De Oro, Philippines

@lilacskies, I truly appreciate people good at budgeting like you.

ultraman cosmos

@id_peace (15032)

• Singapore

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 (15032)

• Singapore

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

1 person likes this

Erly Maglangit

@cacay1 (84328)

• Cagayan De Oro, Philippines

@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.

Erly Maglangit

@cacay1 (84328)

• Cagayan De Oro, Philippines

@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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Judy Story

@jstory07 (142120)

• Roseburg, Oregon

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.

1 person likes this

Erly Maglangit

@cacay1 (84328)

• Cagayan De Oro, Philippines

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

Eva James

@wolfgirl569 (112298)

• Marion, Ohio

I have always been

Gayle Harrelson

@2ndchances24 (9987)

• Cloverdale, Indiana

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

Erly Maglangit

@cacay1 (84328)

• Cagayan De Oro, Philippines

@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.

jaishankar

@Shivram59 (39342)

• India

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.