How do you breakdown your expenses?

[poetrytoprose]

Hello mga sis. I wonder how do you breakdown your expenses? Since I am about to start working for my first job naisip ko tanungin po kayo para may idea ako kung ano magandang break down ng expenses. hehe! Anyway, gusto ko lang makakuha ng idea.

Maraming salamat po.

[rianne_mallows]

hmmm... hindi ako magaling pero when i was working pa

   net pay
- transpo
- food (daily baon)
- bills (electric, phone etc)

pag na-less mo na, 50% of it, savings then the rest i use sa kung ano gusto ko ..

[showermist]

general breakdown of my expenses when  i started earning at nung di pa ako tumutulong sa mga kapatid at magulang ko

1. savings(i consider this as an expense)
2. everyday living expenses( utility bills, food, transpo)
3. insurance
4. lux(hehe shopping, sine, eating out. anything na hindi considered as everyday expenses )


pero mahirap lalo na dati ang konti konti ng sahod ko P12k lang eeek

[blatherina]

hehe, When I started working, I had to set up a budget. I used a weekly planner & color-coded my categories.
(Pink for health&beauty, Blue for household contributions/bills, black for allowance, green for savings etc) Then I highlight the unnecessary expenses at the end of the month. After three months, I had a very good idea kung sa'n ako pwedeng mag-improve.

[blooming]

Sakin, ang basehan ko normally kung malaki-laki sya, hinihiwalay ko sya ng category.
Split ko din sya every month at every yr.

Monthly:
1) food and groceries (bale eat out and mga groceries, kasama narin shampoo etc)
2) transpo - daily pamasahe, kung may kotse ka - gas and parking
3) rent
4) utilities - cable, internet, electricity, water
5) beauty/shopping - hehe (malaki kasi)
6) gifts - birthdays, binyag, weddings, etc. (hindi kasama christmas gifts kasi ang christmas gifts one month lang sa isang taon)
7) medicine
8 ) helper expenses
9) misc, entertainment, etc - going to movies, donations, pictures, etc.

Annual expenses:
1) insurance
2) Tuition/Education - kung may tutor din
3) Vacation/travels - kasama na visa and passport, etc
4) Chrismas gifts
5) maintenance - kung may bahay ka o may kotse
6) tax and license - kung may driver's license ka, kung may property ka na you have to pay realty tax
7) parties - bihira lang naman kami magparty, kaya nasa annual sya
8 ) anniversary/birthdays immediate family
9) Memberships (example - gym)

[nutz_17]

eto naman ang breakdown of monthly expenses ko:

living expenses: house rental/maintenance; car maintenance or transpo; food expenses; health care; utilities

savings( dapat meron kahit minimum 1000 lang)

personal expenses: toiletries; downtime expenses (movies, dine out, gimik)

i realized the hard way ne di bale na magtipid sa personal expenses na considered "luxuries" basta di magmintis sa savings para pag may emergency di magkandarapa sa paghagilap ng pera... hope this helps. 

[twelvth_goddess]

I write down my budget and expenses every payday like this:

Allowance
House expenses
Joint savings
Zoe's savings
My own savings
Bills
Miscellaneous (toiletries, phone cards, budget for eating out/malling)
Extra Money

That's my exact heirarchy. If you notice, nauuna ang mga savings kesa bills. That way, hinde yung kung ano lang matira sa pay ko, yon lang ang ise-save ko. We have a set amount every payday that goes to each of our savings accounts. With this, we can plan ahead kung how much lang pwede namin i-charge sa credit cards. We pay in full kase except kung naka-zero interest for X number of months.

I also make it a point that I still have extra  money after setting aside those that are on my list. Pag lahat kase accounted for na, I feel so kawawa kahit pa may savings naman ako (savings nga kase so hinde dapat ginagalaw). This system has taught me to be disciplined in terms of handling our money.

[jaded1025]

Eto sakin:

Allowance
Savings
Cc bills Groceries/toiletries
Clothes allw
Load allw

Kasama ang clothes allw kahit d ako bumibili ng damit, para in case may sale may nakasave na money na.

[clueless]

Poetrytoprose, do you mean how we allocate or do you want a list of what we spend for? Iba siguro if single or pag married and with kid/s.

We have an excel spreadsheet, 1 sheet per year, 1 column per month. Things listed down this way:

Income (monthly net pay, bonuses and 13th month pay on months when they are received)

Expenses:
Savings
Home
- MA
- association dues
- electricity
- water
- cable
- phone and internet
- cel phones
- taxes
Daily living
- groceries
- market
- drinking water
- gasul
- maids
- daily baon
Transpo
- M/A
- gas
- epass
- parking
- lto registration on applicable months
- insurance on applicable months
- maintenance on applicable months
- car wash
Entertainment/Others
- eat out, movies, gifts, etc
- charity
- salon/barber
- insurance/vul on applicable months
- travel
Miscellaneous

At the end of each month, we know how much extra we have. Portion goes to savings, or sometimes we plan our big ticket purchases kung kelan may malaking excess. Start of the year pa lang, we know na which month we can afford some luxuries or when we need to scrimp a bit.

We also update the figures with actual expenses so kung nagtaas ang bilihin, we can adjust the succeeding months accordingly.

[blackgreen]

My Allowance
- Transportation
- Food
- Others

Savings
- BPI Save-up
- Piggy bank

Utilities
- House
- Sun

Loans/Credit cards
- HSBC
- BDO
- BPI
- Eastwest
- Chinatrust

Everyday I list all my expenses, then I do my cash count every morning so all money is accounted for

[irismarie]

my husband and i also have an excel file for budgeting. inuuna namin yung bills, then grocery, gas, for leisure (date night). sa savings, forced savings namin na 20% of our net pay. 

[billiejean]

Mine would be:

Savings (40%)

Remittance (35%)
- Allowance for family
- Tuition
- Payment for my insurance

My Allowance (25%)
- House rent
- Phone bill
- Food and Transportation
- Miscellaneous expenses (clothes, personal stuff, meds, gimmicks, etc.)

Pag may natira sa allowance ko for the month, lagay ulit sa savings.

[ikaela]

Lots of ideas here. Your breakdown of expenses will of course depend on what stage in life you are and the kind of lifestyle you live.

Since you will just be starting your first job, I take it that you are still single and most likely living in your parents' house? If that's the situation you are in, this is the best time to SAVE most of your income because you have little expenses to think about (no rent, no utility bills, no groceries, no allowance for the kids, etc.).

So when you breakdown your salary each month, set aside most of it in savings. You can do something like this:

- Savings
- Food (I suggest you separate this into two: one budget for food that you MUST spend on like lunch, and another budget for food that you don't really have to spend on but can't help it, like coffee with your officemates. That way, you can see where you can cut back on and save more money)
- Transportation (gas/parking if you drive to work, bus/jeep/fx/taxi/tricycle fares if you commute)
- Beauty Related Expenses (haircuts, manicures, etc. things you need as beauty upkeep)
- Health Expenses (if you take any vitamins or medicine)
- Office/Work Related Expenses (if you have to buy office supplies that aren't given to you, that cute trinket for your desk, or post-it notes for your reminders)
- Groceries and Toiletries (things you buy for yourself at the grocery store)
- Clothing (for your new office wardrobe of course)
- Cellphone bill or load
- Entertainment (movies, gifts, dates, gimmicks, etc.)

If you give money to your parents, give to charity, own credit cards or anything of that sort, of course you have to set aside a category in your budget for those as well.

Also don't forget to include things you spend for or might spend for on a less regular basis like travel and insurance payments.

I also suggest you try keeping track of things through budgetpulse.com. You can input ALL of your transactions whether it's income or expense, make a budget, and keep track of your net worth.

[Nuna]

naku, mukang ako yata magulo mag breakdown ng expenses. i need to learn..

[showermist]

naku, mukang ako yata magulo mag breakdown ng expenses. i need to learn..

Kala mo lang yun sis.  I read na most people who 'budget' can't really keep up/keep within their budget no matter how strict the budgeting and excel sheets.  Lucky for those who can.

Tip/advice: Keep a record of your expenses for three months or kung kaya mo 6mos.  lahat ha, ultimo P10 na pinambili mo ng fishballs. At the end of each month, your computation of your total expenses. There---you will have an idea how much talaga nagagastos mo. Nasisave mo. What not.  Also, from there--alam mo kung saan ka magtitipid. This will work wonders, promise.

[Nuna]

^ sa totoo lang sis nagagawa ko yan kapag wala ang asawa ko. kapag nasa barko sya. napapa-stop ako pag andito sa pinas ang asawa ko. medyo nao-OA-yan yata ang asawa ko na nililista ko yung expenses. Una iba-budget, tapos ililista naman san napunta mismo yung bidget. AT notebook pa talaga ang gamit ko ha! 


Pero hanga ako sa pag breakdown nyo mga sis ha? akala ko masyado nako, mas detalyado pala yung senyo! hehe hmm, will start na ulet today, tutal start ng month. Gagawin ko yang sinabi mo sis showermist.  THANK YOU! (nakakalakas ng loob )

[momoiro07]

Here is how I write my expenses, I wrote it in a small notepad then keep it in my wallet:

Necessities:
Allowance(Food)
Transpo going to office
Transpo going back to my house
Transpo to my parents house in the province(My mom wants me to be home during weekends)
Transpo back to Manila
Groceries/Toiletries

Monthly Dues: I divide my monthly dues into 2 since we are being paid twice a month.
Tuition fees
Insurance
Montly Installment Plans
Vacation Funds
Gifts for special occasions(if applicable)
Treat for myself 

For the savings, kung magkano man ang matira sa na-list down kong expenses yun ang mapupunta sa savings ko.

Pag payday withdraw ko lahat then put it in separate envelopes, may label bawat envelope

Then everytime I used my credit card, I always make sure na naka-note ko sa planner ko ang mga credit card charges ko. So that I can monitor and make sure that I can pay for it at the end of the statement date.
 
May mga officemates ako na tumulad sa way ng pag-breakdown ko ng expenses, and it really helped them in managing their finances . Pero nasa tao pa rin yan, kailangan lang talaga ma-control ang paggastos para effective din ang pag-breakdown ng expenses 

[michi247]

ito yung breakdown ko nung single pa ko.

net pay minus
-tithes
-rent
-grocery and palengke
-postpaid plan
-insurance (quarterly)
-elec and water
-allowance sa work
-cc bills
- savings yung tira

pag may bonus - diretso sa savings

[joban99]

Hi poetrytoprose, just wanted to ask if all these posts have helped and how are you now breaking down your expenses? Im a family man with two young kids kaya syempre iba ang breakdown namin. As you said, you just started working and if you're living with your parents and your family is ok or well off. Then I would suggest just enjoying your work and money for a while and spending most of your money on yourself and treating your  family and friends. Enjoy this time and once youve felt that youve enjoyed enough, then start budgeting and investing. Pero syempre, only spend money that you have; dont use credit cards and try to save at least 5 or 10% para you wont be flat broke, hehe..

Again, once you feel that you've enjoyed enough and feel that you're at a point in your life where youd like to start really preparing for the future (like having a family or stable life where your totally independent), then start budgeting.

[mommy_me]

aykailangan ko rin ito.. pero sa tuwing ggawin ko sumasakit na ang ulo ko sa dami ng gastos.....