How to Manage your Money ?

What's important is not how much you make, but how much you save. It is much easier to save money if you live a simple life. And the important thing when you start earning is not to let your possessions possess you. Separate your spending from your emotions Emotions play a big part in our decisions regarding money.  Example: Wala kang pera pero nanlibre ka pa rin dahil ayaw mong matawag na kuripot. Or depressed ka kaya gusto mo mag-goodtime ---manood ng sine, mag-inom, mag-escape sa Tagaytay na kahit wala sa budget.  Kailangan talaga ng disiplina na hindi magdecide sa mga isyung pera kapag emosyonal, pagod or stressed out. It's easy to get carried away by our emotions and say,  " Bahala na " when shopping. But learn how to separate your spending from your emotions and you'll be better off. " Pray before you pay " Forget about impressing people with brand-new things. Keep on living simply to control your spending.  Later on in life, ...

When you want to borrow money, borrow from your negative,pessimistic friends! Why ? Because pessimists never expect you to pay them back! Are you addicted to using your credit cards? Then do " plastic surgery " ! Cut your "plastic" --your credit cards -- into half if you can't control your spending. Okay lang gumamit ng credit cards, basta disiplinado ka at nababayaran mo nang buo ang utang mo pagdating ng monthly billing. Pero kung hindi, i-cut mo na! Mahirap mabaon sa utang. Sabi ni King Solomon: " The rich rules over the poor, and the borrower becomes the lender's slave. " - Proverbs 22:7 The important thing is , tumigil ka na sa kakautang. (Unless you borrow money at a much lower interest to pay off a loan with excessively high interest. But before you do that, consult a financial counselor first.) DO NOT COSIGN LOANS !  HUWAG MANAGOT SA UTANG NG IBA.  It is also possible to be in debt even if you were not the one who borro...