It’s easy to get carried away by the excitement of payday and SALE! SALE! SALE! signs. In defense of the shopaholic, it’s 50% off! But it’s only a good deal if you’re living within your means. Have you stopped and checked your financial health? How are you doing? In case of emergency, will you have funds?
If you’re not doing any good, don’t worry! It’s never too late! We’ve gathered the easy ways and tips to build an effective budget plan!
Enumerate your expenses
Monthly, how much do you spend on necessary expenses? Collect your bills from the past months and estimate your average expense on needs as water bills, electricity bills, etc. From there, determine how much you spend on your wants.
Create a sustainable saving scheme
Some people can save 50% of their monthly income by squeezing in their monthly expenses, while some people save 20%. How much you can put aside depends on your expenses. It’s best to cut down on your
What are you saving for? It’s easier if you set a goal and identify exactly what you’re saving for and how much you achieve to save in a period.
This is perhaps the hardest part of the plan. In theory, it’s easy to save money. But in practice, there’s just too
The discipline it takes to constantly resist temptations and prioritize your savings takes practice, so don’t be too hard on yourself when you slip up!
In MoneyMatch, you can put your savings to work and gear your savings to full-on growth! Grow your money by investing on loans or part/s of a loan, and earn monthly returns. Visit moneymatch.com.ph and learn more about how you can put your money to work!