Hi Ace! I'm no expert in financial management but I wanna try helping you. Like you said, you have more money now than in college. If you survived college with less, I'm sure kaya mo mag save.
Start like this. First, see how much of your money will provide you a convenient lifestyle. Make sure to live within that amount.
Next, make a mental note and think of an imaginary 'zero balance'. No money doesn't always mean literally NO MONEY. Example ako...In college, once my balance reaches 5K in the ATM and 2k at home, that's zero balance na for me. Knowing this reminds me to spend less, avoid taking cabs or eating in expensive places. In that way, I manage not to spend what's left in my ATM until I get my next baon.
Finally... EARNINGS - SAVINGS = DISPOSABLE INCOME. Set aside your 'savings' before spending the rest of your paycheck.
Since we're talking about sweldo, your imaginary 'zero balance' should increase gradually since you're saving a chunk of your salary every month.
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Hi Ace! I'm no expert in financial management but I wanna try helping you. Like you said, you have more money now than in college. If you survived college with less, I'm sure kaya mo mag save.
Start like this.
First, see how much of your money will provide you a convenient lifestyle. Make sure to live within that amount.
Next, make a mental note and think of an imaginary 'zero balance'. No money doesn't always mean literally NO MONEY. Example ako...In college, once my balance reaches 5K in the ATM and 2k at home, that's zero balance na for me. Knowing this reminds me to spend less, avoid taking cabs or eating in expensive places. In that way, I manage not to spend what's left in my ATM until I get my next baon.
Finally...
EARNINGS - SAVINGS = DISPOSABLE INCOME.
Set aside your 'savings' before spending the rest of your paycheck.
Since we're talking about sweldo, your imaginary 'zero balance' should increase gradually since you're saving a chunk of your salary every month.
I hope I helped you! Happy saving! :)
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