Just the Basics

If you have read some of my posts, you can easily describe me as a pessimistic and worrier person. I worry a lot especially if it concerns about my future and my family. I guess that attitude was molded by my past experiences when I was a kid. Really thankful that I didnot quit studying & that I have a psychology related subject called Child & Adolescence that helped me a lot to understand myself & the people around me as well.
I used to panic and worry before but now I have become more aware on the positive things around me rather than the negative situation I have. I have learned to appreciate more what God has given me and understand his purpose on everything.
Now since this is a financial blog, I have shared my previous post on hep hep hooray which I accidentally deleted, huhuh , it's about our salary went half and last month we received nothing.
Yes, "wala po kaming sahod" last month, just the completion of our August 15th salary were given to us. Good thing, I still have a secondary source of income from the rent I receive every month from my brother who is renting my little room beside our house for P 3,000.00. After a week P 1,000.00 was given to us as our partial salary plus some side income of 650.00. So instead of panicking again, I apply my own basic rule, spend only on the basics, just the basic needs.

        Last July 31, I only received a P2,000 salary plus my secondary source of P 3,000 which gives me a sum of P 5,000 total income. How did I spend it? - I bought 1 sack of rice (1,950.00), 16 pcs of eggs (65.00), & groceries (550.00). I paid my half share utility bills @ home - Meralco, water & Pldt 1,300) & deposited 1,000 on Philequity.
        Last August 28, I only spent P 1,600 on utility bills, 500 on groceries, 16 pcs of eggs (65.00) to fill the egg section of our refrigerator, 600 on lpg gas, 1,400 on life insurance & 1,000 on Philequity. Good thing we still have a stock of rice in our storage, we don't pay house rent anymore, my mother has a separate budget for ulam from my brother and I have an extra emergency back up on my savings account.

        Rice, foods, utility bills & monthly rents are inevitable. Just as a I prioritize rice (basic food) & eggs (just for backup/we are seven in our family) & utility bills before I spend on other things the same rule I also use in paying my life insurance & monthly top up on mutual fund because I know & I feel that they are part of my basic needs. That if I don't prepare my future today I might end up being a homeless and hopeless again.
        Spend on the basics & plan your future only then you will see the real essence of saving & investing today.
        I know that God will always help us get through our problems but then let us not forget that it is our obligation to prepare for ourselves first - spend wisely, invest early & save regularly.



Just sharing my experience!
Have a blessed weekend!