Posts Tagged ‘Payday’
Payday Syndrome
Money is like a smoldering rod that you can’t hold in your hand for long. Living from one payday to another has become a lifestyle for many. The payday mentality leaves you with very narrow breathing space for little surprises or unexpected expenses, worst it leaves you with nothing, no back up.
Every payday, everyone rushes to the mall to shop, splurge, buy the must-haves, dine out, run to the nearest bar-stop, and always rationalizing that we need to indulge ourselves – a motivation, as others try to coat it sweetly.
Bottom line is – no savings, living from payday-to-payday. As I mature and my responsibilities elevate, I learn to understand money more and gained an enormous knowledge about money matters.
I started to be more conscious of my expenses. I’ve modified my behavior towards money. I’m eliminating the unnecessary expenses that share a big chunk off my take-home pay, always sticking with my allocated expenses. I don’t underestimate a few peso savings now, it can amount to a few hundred pesos in a week and a thousand in a month. I’m looking money at a different angle.
The rule should be to set aside a percentage for your savings first and whatever is left would be your spending money. While most do it the other way around, income minus expenses equals savings. We all know it won’t work that way. Spend wisely!