The holiday season has just ended and we all know how Filipinos tend to overspend for the holidays, especially during Christmas, as it is one of those few holidays that we get to see our loved ones. If you are one of those who overspends during the holidays, fear not because it is never too early to prepare for the next holiday season. And if you are really saving up to finally be able to purchase that dream house and lot that is for sale in Cagayan de Oro, you should really learn how to save.
Develop a Saver’s Mind
If saving money is a challenge for you, starting now will be the best decision as it might take some time for the habit of saving to stick with you. It’s very important to befriend numbers as budgeting involves a lot of computations. It’s also critical to set your mind on priorities in spending to be able to save a considerable amount of money.
Create a Budget Plan
Pay attention to how much money you earn and how much you intend to save. This way you can come up with a budget plan that will help you track your savings target while living within a reasonable daily expense. It is also advisable to keep track of the purchases you are making to make sure where your money goes. Make a separate budget for the monthly expenses such as the electricity and water bill, and the house rent.
Keep your eye on your target
From time to time, it is smart to remind yourself why you are saving in the first place. Remember how badly you want that house and lot for sale in Cagayan de Oro or that summer vacation with the family? Always think about your reasons, this way, you will be able to commit to saving money.
There are times when there will be a need to actually spend for occasions like birthdays. By being creative, you will still be able to actually celebrate such occasions while saving. Handmade gifts or personalised greeting cards and coupons can be a lot more than store-bought presents. After all, it is the thought that count, right?
Online shopping can be a friend for those who really want to save. It’s fast, easy, and you can easily compare prices and quality. By ordering from the comforts of your own home, you also resist extra temptations like eating out or making impulse purchases.
There is no need to get stressed on saving money. With careful planning, being in the know, and getting a bit creative, 2017 can be really good to you. Just keep in mind that the key to saving is committing to the plan—you’ll never know, maybe this is the year you will get that dream house and lot in Cagayan de Oro.