During these trying times, saving couldn’t be more important. But admittedly, it’s easier said than done.
READ MORE ABOUT SAVING
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“Challenging talaga mag ipon,” shares Chinkee Tan—a wealth coach who has authored books like Till Debt Do Us Part: Practical Steps To Financial Freedom and Diary of a Pulubi—in one of his Youtube entries. Oftentimes, it requires a trial-and-error process, and it can certainly be disheartening when you're back to square one, but what's important is you never stop learning.
In one of his videos, Chinkee shares a couple of ways on how you can save some cash on a regular basis. His first advice? "Save P50 a day." If you do the math, you’ll be able to save P18,000 a year. It may not seem like a big amount, but it’s a good place to start, especially if you’ve been having a hard time saving up.
Another strategy is to "stop buying [your] ‘wants’ for a week." If you’re used to ordering food (or milk tea!) every now and then, for example, try to skip doing so for an entire week every month. Consider cooking at home—you’ll be surprised how much you’ll be able to save by the end of the year!
READ MORE ABOUT SAVING
- 7 Habits That Are Making You Poor Without You Knowing
- Should You Prioritize Saving or Investing in Your 30s?
Watch the full video below for more tips from the finance expert:
