Archives for March 2016

How to Make the Habit of Saving Instead of Spending?

It's not how much money you earn.. It's what you do with what you earn.If you are living in the city, a place where several malls are conveniently located closed to your home or office, there is temptation to spend more, instead of saving or investing. If there are mall sales, it makes it more tempting to spend. I remember a time when I was still newly employed. Freshly out from school, finally earning my own money, my financial habits was to spend more than I save. Initially, my salary was minimum wage, as such, it was just enough to spend it for my basic needs, such as food, transportation, basic clothing, while the rest, I give it as allowance at home. But as I stayed in the company, I was exposed to watching movies on weekend, dining in to expensive restaurant, seeing branded clothes, bags and shoes, traveling to places, expensive gadgets such as cellphones and laptops, and many more list of things to spend. In the beginning, I wasn't attracted to it, but later on I started to … [Read more...]