Merry Christmas everyone! I hope you are all having good times with your family and friends! Christmas will soon pass and we have 1 week to go before 2019 ends. So, what are your New Year’s Resolutions? Does it include having effective savings habits? It’s not too late to start again. There is a whole new year of chances for you to save and invest. If you are wondering how you can spend your holiday money wisely in the remaining week of the year, I am going to share with you how to effectively budget your cash.
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The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
It’s the Holiday season and it just means it’s a time to eat more! One thing you need to do when spending your holiday money is to spend enough amount for food. Enough that it can feed your whole family. It’s fine to spend on Noche Buena and Media Noche this time since we are celebrating a very important time in our lives. Just one reminder—do not buy food that you won’t eat and let it spoil. Consume the food you bought so you won’t regret spending after the New Year ends.
You have to budget your money when buying gifts because if you don’t, you will end up using all your holiday money for gifts. This is one wise thing to do if you want to spend your money wisely. Set a budget for gifts then look for things that fit your budget. Don’t go over the amount you set. Just buy something that’s practical and at the same time, make sure that your family will like it. Again, it’s okay to be thrifty this time as long as it won’t compromise the quality of your time with your family.
I know a lot of you are planning to travel after this Holiday. Some might even go outside to watch a movie, go shopping, or eat at fancy restaurants. I’m not saying there is something wrong about this. However, remember that you are saving. There is a lot of food at home, you don’t have to go outside and eat at expensive restaurants unless it is included in your budget. You can watch movies as long as you won’t spend beyond your budget. Just buy what you can afford and prioritize saving money.