In terms of looking for ways to save money, we’ve seen it all. Almost everyone has their go-to way to save, ranging from the mundane (clip and use coupons!) to petty criminality (take home toilet paper from work). In this post, I will share some savings tips that can potentially change your life. Potentially because it’s still up to you if you’ll apply them in your life. All of these have and continues to work for me. I hope you can incorporate some of these ideas in your journey to a better financial future. Saving money can be
Here’s a very neat method I learned from the classic personal finance book, Your Money or Your Life: how to calculate my real hourly wage and why I should do it. The concept is this: [bctt tweet=”we only have a limited time on Earth and we exchange a portion of that time to go to work and earn money. That means we are literally giving up our life for money. ” username=”MeKatieScarlett”] Which raises the question: are the things we’re spending money on worth the life we’re giving up to buy them? How to Calculate Your Real
Many Pinoy expats, including myself, often fail to maximize government benefits when we start working abroad. We often discount programs in the Philippines thinking that: Since we’re no longer in the Philippines, the benefits will not help us in our new country The benefits are too small compared to our new increased income The benefits are not worth the bother Nothing can be further from the truth. [bctt tweet=”The way I see it, many Philippine government benefits designed for OFWs, when taken all together and with proper planning, can help us achieve our financial goals faster. ” username=”MeKatieScarlett”] Yes, not one
I’ve been trying to follow the financial advice of so-called experts to try to achieve a total money makeover in the Philippines but nothing seemed to stick. Most of the advice I found were either the feel-good touchy-feely type (you have to think positive thoughts to attract wealth), too unrealistic and out of touch with how human beings work (don’t spend on ANY luxury and eat beans and legumes for an entire year), too chaotic and/or unstructured (set aside 20 percent on savings and don’t stress about the rest), or can land you in small claims court (pay yourself first
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