The Art of Budgeting

Hello mga Inay.

How's your budgeting skills?? For me I am poor at it. Or should I say wala lang talaga akong budget sa mga bagay bagay.

I am proposing that this subject should be taught in school especially on our growing up years.  Because this will be very beneficial on how are we going to set aside our income to attain our financial independence later on in our life.  Do you agree??

When I was growing up I was told to study hard, find a job and work hard.  But up until today I am working hard and nothing is happening.  I can't afford mortgages that is why I am not getting any.  I can't afford travels.  I don't even have luxury.  As I am always practical. Tiis tiis ika nga.

Money is hard to earn but easily spent.  Budgeting for me is very tedious.  Especially that we have limited income.  People suggest that I should increase my cash flow.  Our salary increase this year mind you.  But still there are a lot of expenses and I don't know how to manage them.  Every end of the month the bills just kept on piling.  Lage na lang ako hinihintay ni "billy" (bills) at "judith" (due date) sigh.

There are a lot of peso saving tips online.  But due to limited resources I just stick to what I can afford.  I have a coin bank where our loose coins go immediately and our bill bank where I put extra bill on hand.

The idea is of course ideal if you can save so much then at the end of the year you will get a hefty amount.  As of the moment we are practicing the discipline of it.  I am but wishing that our expenditures will be lower than last month in order for us to cope with our income.

I am just curious how people manage to save so much when they have little income.  Pare pareho lang naman kami kumakain ng 3 beses isang araw.  The price of their fish is no different from ours.  geez.

My sentiments exactly.



Here are our monthly expenses:

Groceries - Php4500.00
Palengke - Php 4000.00
Allowance - Php 2000.00
Tuition - Php 2000.00
Electricity - Php 3500.00
Internet - Php2000.00
Water - Php 300
Loan - Php1900.00 

**Photos not mine.