Blog Entrypersonal finance tip #1 Jul 9, '07 1:31 PM
for everyone

in all my attempts to curb/track/abstain from/quit spending, there's only one tip so far that has worked like magic. and my dear friends, i will share it with you because i know you're impulsive buyers like me. to all of those who shop with their eyes instead of their brains *hint hint julie, xianne and ote*, this one's for you.

i forgot who mentioned it to me -- i think it was colin -- but what was said went something along the lines of "Would you really buy that if you knew how many hours you had to work in order to afford that thing?"

let's say you want a dinner for two at circles. that's Php 2,400 flat. if you earn Php 15,000 net a month at a rate of Php 93.75 per hour, you would have to work 25.6 hours or THREE AND 1/4 DAYS just to have that date. ouch! you didn't even add the cost of gas and parking to that amount yet. end the date with a movie? dang, that blows four days of work already. 32 hours to work for a dinner and movie -- and it's all up to you if you think it's worth it.

now about that itch you have to buy that sony ericsson phone? that powerbook? that dune colored LV mini lin speedy 30? *drool drool* talk about saving up for a lifetime!

this is a great tip no matter how great or small your spending power is as it reflects each person's salary level. as for me, i'm just going to pretend i didn't write this as i check the balance of my credit cards online. the paoti/chetro labtim combo shook my daily expenditures some today.  damn you starbucks.

any of you guys have some money saving tips you'd like to share?


ps. i try to rationalize my spending NOW by saying i probably won't get to buy/taste/have that in malaysia. i know that it's wrong, but when i'm in KL and swimming in money (diane, ang yabang mo! ote, THINK POSITIVE diba?! hahaha!) i'll be able to save then.


20 CommentsChronological   Reverse   Threaded
inspired wrote on Jul 9, '07
I think the best money saving tip I received was from my mom. She told me to never carry a credit card whenever I go shopping. At least pag cash, limited buying ako and I can think of what I really want to buy/spend my money on. The other is when receiving my paycheck, I should quickly put it in the bank and whenever possible, invest it.

affie wrote on Jul 9, '07
diane, just let me keep your money. tignan natin kung magastos mo pa yan, hahahaha!!!!!
kcajcauorek wrote on Jul 9, '07
let's say you want a dinner for two at circles. that's Php 2,400 flat
damn, 2,400 for a dinner date?...i would ditch the girl and find someone who would enjoy eating at Original Pares in Espana, Manila....
misterwang wrote on Jul 9, '07
I treat my family to dinner at Shangrila Hotel at 1,500 a head
kcajcauorek wrote on Jul 9, '07
tipid tips:

1. skip lunch sa office, bawi na lng sa bahay
2. imbes na mg softdrinks sa carinderia, ung tubig na lng nila inumin mo ( ung galing sa gripo ), baon na lng ng tissue just in case
3. pag puno ang jeep wag ng magbayad ( di na mahahalata ni manong drayber )
4. Pg gutom ka na talaga, daan ka sa supermarkt ng SM, 80% chance may free taste ng mga hotdog doon, mag pabalik balik ka na lng
5. pg tatambay ka sa starbucks, doon ka umupo sa table na kakatayo lng ng unang naka upo tapos wag mo palinis ung nakapatong, kunyari sayo yun...para kunyari umorder ka na, sossy pa starbucks ka pa nakatambay
sanguinegal wrote on Jul 9, '07
nice tip diane. i'll keep that in mind. :) hehehe!

pero pag nasa KL na kau and magflyback, wag nyo na isipin tong tip na to pag bibilhan nyo na kame ng pasalubong. hahaha!
tageswanderer wrote on Jul 9, '07
I like this article, tama, on a perspective that you labor for hours to no end just to realize the time wasted for a gadget not worth keeping.

i wrote something similar to this, with Cito Beltran's article here: http://tageswanderer.multiply.com/journal/item/45
kcajcauorek wrote on Jul 9, '07
malaysia ka na mg wowork?...
dysphasic wrote on Jul 10, '07
She told me to never carry a credit card whenever I go shopping.
May problem ako jan. Our payroll is BPI... which has EPS. Hahaha! =)
dysphasic wrote on Jul 10, '07
affie said
diane, just let me keep your money.
pansin mo, sa seven years, ni isang beses hinde ko binigay ung money ko sayo? THAT'S WHY!
dysphasic wrote on Jul 10, '07
I treat my family to dinner at Shangrila Hotel at 1,500 a head
wow mr. wang, you must be really wealthy!
dysphasic wrote on Jul 10, '07
tipid tips:
marky naman, kakaibang planeta ang mga tips.
dysphasic wrote on Jul 10, '07
pero pag nasa KL na kau and magflyback, wag nyo na isipin tong tip na to pag bibilhan nyo na kame ng pasalubong. hahaha!
wag mo ren iisipin yan kapag vivisit kayo galing pinas! sinasabi ko na kaagad, kelangan namin ng sinigang mix at pork cubes! hahahaha =)
dysphasic wrote on Jul 10, '07
I like this article, tama, on a perspective that you labor for hours to no end just to realize the time wasted for a gadget not worth keeping.
Nice article rin about Cito Beltran. It's always gonna be about priorities aint it?
dysphasic wrote on Jul 10, '07
malaysia ka na mg wowork?...
yes po.
kcajcauorek wrote on Jul 10, '07
pakita ka bago ka umalis ah....painom ka na ren
dysphasic wrote on Jul 10, '07
pakita ka bago ka umalis ah....painom ka na ren
yismam
metalboy wrote on Jul 10, '07
The only efficient tipid tip I can think of is: "Stay away from malls." They will suck you bone-dry.
dysphasic wrote on Jul 11, '07
"Stay away from malls."
manila is the land of the mall pa naman. i think this is hard to do karl.
metalboy wrote on Jul 11, '07
yep i know. but sacrifice dude. no easy way to save moolah, i guess...
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