Are you having difficulty saving money from your monthly paycheck? In this video let me share with you my way of saving money. Before that, let's roll the intro.
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So, how I saved money from my salary with ease? Here's how. It begins with a simple budget. And here's how I budget my salary. I divided my budget into 3 major categories. Number 1 category is the major recurring bills. Number 2 category is savings. Number 3 category is the balance or remaining amount after allocating the first and second category.
I made my budget simple and with only three categories, because I don't believe that you should know where every centavo from your salary goes. If you are going to monitor every centavo... believe me ma stress ka lang kaka monitor. Dahil nasubukan ko na yan. Paliwanag ko pa yan mamaya.
In the first category, bilang isang OFW, yong pera na ipapadala sa Pilipinas falls under this category, then your house rental or mortgage, car loan, credit card, gasoline or transportation and groceries. Since major recurring bills fall in this category so kung nasa Pilipinas ka it includes, electricity bill, water bill, tuition fee etc. Meaning, this category is where the bulk of your money goes at ito yong mga bayarin na wala ka talagang kawala. Ito yong hindi pwedeng ipag paliban. Ito yong mandatory bayaran monthly. So, this is the first priority because if you will missed any of those I mentioned, for sure you will be in trouble the following month. You'll be out of your budget. Or worse baka maputulan ka ng tubig or kuryente.
The second category, is the savings itself. I set a certain percentage from my salary as savings. Meaning if you set 10% or 15% from your salary as savings then... automatic take out that amount and keep it in your savings account.
The third category is the balance. This is the remaining amount after paying all the major bills and savings. Ito yong category na pag gagamitan mo sa mga bagay na hindi naman mandatory na bilhin kada sahod. Like new shoes or clothings. Or maybe you will add it to your savings and allocate it to buy something expensive which the remaining money can not afford. Pwede din ito gamitin pang replenish sa iyong emergency funds in case you use some of your emergency fund during the previous emergency. This is the category also that's difficult and stressful if you are going to track down every centavo of your money. Actually, I really don't care where's the amount of money goes from this category. Bastat, nabayaran ko na lahat ng major bills ko at naitabi ko na ang para sa savings ko.
Now maybe you have a question, what if my salary is not even enough to cover the first category? Magandang tanong talaga yan. So I think, there's something wrong kung bakit mas malaki bills mo kaysa sahod mo. Maybe you need to reduce you and your family's electricity, water consumption. You really need to reduce your bills or else increase your income or seek help from the members of the household who's also earning to help cover the bills.
This budget structure really works for me to save something from my salary. But it may or may not work for you. Try mo lang. So, if you have your way of saving money, let me know in the comment section baka it will work sa iba nating mga tagasubaybay.
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