New Attitude / Paradigm
When we get a hold of money either from a windfall or simply from our regular monthly income, we tend to immediately think of ways to spend it rather than save it. This Spending Mindset has always been a problem and is even synonymous to Earning Money.
Early this year, some of the New Year's resolutions that are posted in social media sites such as Facebook and Twitter are promises of conscious budgeting and wishlists of items that one wants but may not need. And so I wonder, how many of these people are actually planning to set a budget to save and not to spend?
Most Filipinos know the different ways on how to save and reduce expenses. But many also feel that they are missing out on something by cutting back on spending. Advertisers in the Philippines have succeeded in convincing people that lives are more miserable or less fun by not purchasing certain products and services, hence, people always tend to save to spend for these.
I believe that while we're still at the first quarter of the year, we must cultivate a culture of saving thru a campaign on The Saving Mindset which focuses on saving to invest and not to spend. The best way to change one's mindset is by learning to take pride in actually saving money. Sure we can have a some guilty pleasures but generally, we need to make saving something that we almost want to boast about.
As I am part of the average income earners, I'd like to start influencing people around me to enjoy working hard and see work not just as a way to get money to spend but also to save money and the fun challenge of growing it. After all, we cannot work for our entire lifetime. And while our bodies are still able to absorb the stress and physical toll that comes from working 8 hours a day (sometimes more), we must think of saving and investing for our future.
A financially healthy employee is a productive employee. We must start our journey to financial wellness now! 3
When we get a hold of money either from a windfall or simply from our regular monthly income, we tend to immediately think of ways to spend it rather than save it. This Spending Mindset has always been a problem and is even synonymous to Earning Money.
Early this year, some of the New Year's resolutions that are posted in social media sites such as Facebook and Twitter are promises of conscious budgeting and wishlists of items that one wants but may not need. And so I wonder, how many of these people are actually planning to set a budget to save and not to spend?
Most Filipinos know the different ways on how to save and reduce expenses. But many also feel that they are missing out on something by cutting back on spending. Advertisers in the Philippines have succeeded in convincing people that lives are more miserable or less fun by not purchasing certain products and services, hence, people always tend to save to spend for these.
I believe that while we're still at the first quarter of the year, we must cultivate a culture of saving thru a campaign on The Saving Mindset which focuses on saving to invest and not to spend. The best way to change one's mindset is by learning to take pride in actually saving money. Sure we can have a some guilty pleasures but generally, we need to make saving something that we almost want to boast about.
As I am part of the average income earners, I'd like to start influencing people around me to enjoy working hard and see work not just as a way to get money to spend but also to save money and the fun challenge of growing it. After all, we cannot work for our entire lifetime. And while our bodies are still able to absorb the stress and physical toll that comes from working 8 hours a day (sometimes more), we must think of saving and investing for our future.
A financially healthy employee is a productive employee. We must start our journey to financial wellness now! 3
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