If at this very moment your amo or employer told you that this will be your last day of work and you will be sent back to the Philippines immediately the next day, what would be your reaction?
Are you ready to say to your amo and to yourself, “It’s fine, I’m ready to go home anytime.”?
Or will you hear yourself say any of the following:
“I’m not yet ready. Wala pa ‘kong ipon.”
Our living room airconditioner started to act like crazy last week because of extreme summer heat. We needed to look for a replacement immediately so yes, we had to use our “emergency fund“.
At first, my wife and I thought it would be cheaper to buy a second-hand (used), window-type, airconditioning unit of the same brand and same specification. And it’s more convenient for us since there is an airconditioning repair shop just in front of our apartment. So off I went to the airconditioning shop and asked someone to have a quick check-up on our AC unit.
After some pulling out of the cover and peeping through the sills, the repairman told me that the compressor should be replaced. He told me that the compressor costs around $210. I raised my right, no, left eyebrow and asked him ‘why is it so expensive?’ Continue reading You Can Save More By Spending More
Many Filipinos, OFW’s and locally-based alike, are easily tempted to buy more things they “want” upon receiving news that they will either be given a raise or at best, be promoted. They haven’t gotten the money yet but the shopping spree usually happens ahead of it, usually using borrowed money.
Just because you received that 10% salary increase this year (wow) you will find spending a little more easier this payday weekend. While inflation increases most likely every year it doesn’t justify your rationale to inflate your lifestyle too. Wouldn’t it be more prudent if we address our debt issues first? Continue reading When Salary Increases, Do You Upsize Your Lifestyle?