I really don’t know why I am starting to post something again. Maybe I just need to see my goals in writing and my notebooks (and I have 4) can’t seem to be enough.
So it’s just me reitering these things to myself. Not the emo kind (hate emos).
I’ve been pondering on my money/financial life. At this stage (I know I’m still argumentatively young btw), I am on what I call savings addiction- that I will go crazy if something bad will happen!
I am saving 7.1%- each (I have 3) of my salary to savings for the past 4 months. Browsing thru my budget, I had one big question: WHY AM I SAVING THIS LITTLE?
Oh yeah. Christmas, shopping sale, debts, etc.
I have this theory, money-wise- that you have to constantly change your budget once you have achieved your goal. I am already debt free (goal!) thus, I have to change and accelerate. Plus, it’s just refreshing to change, I really avoid the rut.
The coming months are the “lul months” (agree?) so this revamp is nothing but perfect!
2 major savings -14-15% each for retirement and emergency
2 minor savings - 7.1% each for Thailand and the Philippines
Am I depriving myself? Nope!
I actually have more but I don’t want to tighten the belt too much.
For the money left for me, I chose to cut down on things that I can live without to spend more on the things that make me happy and these are
1. I take the train to work now (I used to drive myself to work or take taxi that cost A LOT)
2. I bring food to work (eat out or don’t eat at all is my motto then)
These 2 have a great impact because I can now have more money alloted to spending on shopping and having fun.
So don’t say that savings means no fun. It’s just about channeling where to focus your spending on. And yes, I chose for the lack of better term “sacrificing” most of my everyday life to be simple- to splurge on myself on leisure.
For me, it’s more sensible. I’d rather spend on things that make me happy than spend on the things with great alternatives anyway.
I am no financial expert but I’d like to think that I’m smart when it comes to this now.