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Every beginning of a new year, most of us make resolutions and bucketlists to make the year better and filled it with meaningful experiences. Apart from that, this is the time of the year when we put a lot of question marks on one thing — finances.
Before that, I wonder if Batangueños in general are thrifty? Most of the time that I go to malls here, there are always a great number of people dining in or piling on cashier lanes with shopping baskets on their arm. Is the Philippine economy doing really good now?
Back to managing our finances. You will not realize the true value of money unless you work hard to earn it. The way we handle our finances differ from one another, depending on our responsibilities and obligations.
We try to find the best ways to cut down our expenses and the means on how to save for the rainy day. The wisest thing to do is to still allot a fixed percentage of your salary straight to your savings. This will cover unexpected expenses without you having to borrow from anyone else.
For an office girl like me who regularly goes out on weekends to catch up with friends over coffee or dinner, I know I should be keeping my New Year’s resolution of saving up. SERIOUSLY. Because 2013 will be a big year for me (I’m already claiming it), I know I have to start getting financially stable.
Okay, a big plan halfway through this year is set to materialize and that will contribute to my being financially stable. Fingers crossed. And then I came across this exciting and achievable “Bonus Savings Goal” from one of my daily visited sites, www.femalenetwork.com.
What is this Bonus Savings Goal?
Let’s take an office girl like me as an example. I have the usual Monday-Friday job. Of course, I have my everyday allowance and it’s not all the time that I get to spend all of it. So aside from the portion of my monthly salary which goes (should really go) to the “future financial stability fund”, it’s good to have bonus savings at the end of the year.
Do you want to have a brand new tablet at the end of? Or an expensive designer bag that’s so arm candy? Or a small business like a food cart?
Read on and learn how you can achieve this Bonus Savings Goal (BSG).
If you’re working five (5) days a week, four (4) weeks a month, here’s what you can do:
For January, save P10 each day.
BSG: P10 x 5 = P50 x 4 = P200
For February, save P20 each day.
BSG: P20 x 5 = P100 x 4 = P400
For March, save P30 each day.
BSG: P30 x 5 = P150 x 4 = P600
For April, save P40 each day.
BSG: P40 x 5 = P200 x 4 = P800
For May, save P50 each day.
BSG: P50 x 5 = P250 x 4 = P1000
For June, save P60 each day.
BSG: P60 x 5 = P300 x 4 = P1200
For July, save P70 each day.
BSG: P70 x 5 = P350 x 4 = P1400
For August, save P80 each day.
BSG: P80 x 5 = P400 x 4 = P1600
For September, save P90 a day.
BSG: P90 x 5 = P450 x 4 = P1800
For October, save P100 a day.
BSG: P100 x 5 = P500 x 4 = P2000
For November, save P110 a day.
BSG: P110 x 5 = P550 x 4 = P2200
For December, save P120 a day.
BSG: P120 x 5 = P600 x 4 = P2400
If you add up your BSG for 12 months, you will have P15,600 bonus savings by the end of the year! That’s quite an amount, right? Considering it’s only a bonus.
For the latter months like saving 100 a day might be an extra challenge, so it’s up to you if you want to slash that month’s BSG from your month-end salary instead of cutting it from your allowance each working day.
You can do this if you want to. It’s a challenge and the reward would be sweet by the end of the year. 😉
Photo: freshome.com
